NYSE: MBGL
Mobility Global Inc.CIK 0002090312 · SIC 7389 · Miscellaneous Business Services NEC
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Mobility Global spins off from S&P Global with debt, Q2 revenue +7% to $468.0M
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Latest financial statements
From 10-Q filed Aug 7, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Statements of Operations (Unaudited)
(in millions, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | 468 | 439 | 923 | 859 |
| Expenses: | ||||
| Operating-related expenses | 134 | 132 | 270 | 259 |
| Selling and general expenses | 175 | 134 | 335 | 265 |
| Depreciation | 3 | 3 | 7 | 7 |
| Amortization of intangibles | 74 | 74 | 148 | 148 |
| Total expenses | 386 | 343 | 760 | 679 |
| Operating profit | 82 | 96 | 163 | 180 |
| Interest expense, net | 7 | 4 | 10 | 7 |
| Income before provision for income taxes | 75 | 92 | 153 | 173 |
| Provision for income taxes | 22 | 27 | 45 | 50 |
| Net income | 53 | 65 | 108 | 123 |
| Net income per common share | ||||
| Basic | 0.18 | 0.22 | 0.37 | 0.42 |
| Diluted | 0.18 | 0.22 | 0.37 | 0.42 |
Balance Sheets (Unaudited)
(in millions)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 186 | 38 |
| Due from related parties current | 17 | 8 |
| Accounts receivable, net of allowance for doubtful accounts: 2026 $2; 2025 – $2 | 216 | 203 |
| Prepaid and other current assets | 47 | 32 |
| Total current assets | 466 | 281 |
| Property and equipment, net of accumulated depreciation: 2026 $84; 2025 – $81 | 18 | 19 |
| Right of use assets | 33 | 16 |
| Goodwill | 8,845 | 8,845 |
| Other intangible assets, net | 3,640 | 3,789 |
| Other non-current assets | 58 | 45 |
| Total assets | 13,060 | 12,995 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 63 | 56 |
| Due to related parties current | — | 19 |
| Accrued compensation and contributions to retirement plans | 41 | 64 |
| Unearned revenue | 102 | 78 |
| Other current liabilities | 42 | 45 |
| Total current liabilities | 248 | 262 |
| Long-term debt | 1,981 | — |
| Operating lease liabilities | 27 | 11 |
| Deferred tax liability, net | 967 | 1,006 |
| Due to related parties non-current | — | 230 |
| Other non-current liabilities | 2 | 1 |
| Total liabilities | 3,225 | 1,510 |
| Commitments and Contingencies (Note 8) | ||
| Equity: | ||
| Parent company investment | 9,833 | 11,489 |
| Accumulated other comprehensive income (loss) | 2 | (4) |
| Total equity | 9,835 | 11,485 |
| Total liabilities and equity | 13,060 | 12,995 |
Statements of Cash Flows (Unaudited)
(in millions)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net income | 108 | 123 |
| Adjustments to reconcile net income to cash provided by operating activities: | ||
| Depreciation | 7 | 7 |
| Amortization of intangibles | 148 | 148 |
| Provision for losses on accounts receivable | 2 | 2 |
| Deferred income taxes | (38) | (43) |
| Stock-based compensation | 9 | 9 |
| Other | (1) | — |
| Changes in operating assets and liabilities, net: | ||
| Accounts receivable | (16) | (4) |
| Due from related parties | (8) | 2 |
| Prepaid and other current assets | (15) | (4) |
| Accounts payable and accrued expenses | (26) | (25) |
| Due to related parties | (19) | 12 |
| Unearned revenue | 25 | 20 |
| Other current liabilities | 11 | — |
| Net change in other assets and liabilities | 2 | (14) |
| Cash provided by operating activities | 189 | 233 |
| Investing Activities: | ||
| Capital expenditures | (12) | (8) |
| Purchases of equity investments | (3) | (3) |
| Cash used for investing activities | (15) | (11) |
| Financing Activities: | ||
| Proceeds from issuance of Senior Notes | 1,986 | — |
| Net transfers to Parent | (2,011) | (190) |
| Payments related to loan from related parties | — | (18) |
| Contingent consideration payments | — | (2) |
| Cash used for financing activities | (25) | (210) |
| Effect of exchange rate changes on cash | (1) | 1 |
| Net change in cash and cash equivalents | 148 | 13 |
| Cash and cash equivalents at beginning of period | 38 | 27 |
| Cash and cash equivalents at end of period | 186 | 40 |
| Supplemental non-cash disclosures: | ||
| Consolidation of Canada Carfax Loan | 230 | — |
| Accrued debt issuance costs | 5 | — |
Amounts as printed on the EDGAR/iXBRL face — (in millions, except per share data); (in millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗