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 | 5860 Trinity Parkway Centreville, VA 21020 www.mobilityglobal.c |
MOBILITY GLOBAL REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS
CENTREVILLE, Va., August 7, 2026 - Mobility Global Inc. (NYSE: MBGL) (“Mobility Global” or the
“Company”) today announced financial results for the second quarter ended June 30, 2026.
•Successfully launched Mobility Global as an independent public company on July 1, 2026
•Grew total revenue by 7%, with CARFAX revenue growing 8% year-over-year
•Delivered net income of $53 million and adjusted EBITDA¹ of $202 million, which represents a 43%
margin and a 7% increase year-over-year
•Initiated a quarterly cash dividend of $0.06 per share, reflecting confidence in the Company’s cash
generation and balance sheet
•Provided full-year 2026 revenue guidance to reflect first half results and reiterated medium-term
financial targets
“Mobility Global delivered second quarter results that reflected continued progress across our businesses during
the final stages of our spin-off, and successfully launched as an independent public company on July 1,” said
Bill Eager, Chief Executive Officer of Mobility Global. “We are moving with speed and focus to create One
Mobility Global, deploy AI to fundamentally transform our workflows, and strengthen our market position.
During the quarter and into July, we advanced our product and market strategy through the launches of
CARFAX Homegrown and CARFAX Showroom, a new B2B solution within automotiveMastermind, and the
expansion of CARFAX into Germany. We see clear opportunities ahead and are focused on strengthening our
go-to-market execution, accelerating product adoption, and building momentum into 2027.”
Second Quarter Financial Highlights
(All comparisons are to the second quarter of 2025)
•Total revenue of $468 million, increased by 7%
•Subscription revenue increased by 7% and non-subscription revenue increased by 5%
•CARFAX segment revenue of $312 million, increased by 8%
•B2B segment revenue of $156 million, increased by 4%
•Net income of $53 million, represented an 11% margin
•Adjusted EBITDA¹ of $202 million, increased by 7% and represented a 43% margin
¹ Non-GAAP measure. See "Non-GAAP Financial Information" and the reconciliations and definitions in
Exhibit 5.
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Second Quarter and Recent Business Highlights
•Launched Mobility Global as an independent public company on July 1, 2026
•Launched two new CARFAX offerings: CARFAX Homegrown, which identifies vehicles sold new and
serviced throughout their life at a dealership, and CARFAX Showroom, a premium listings product that
surfaces dealer inventory at the most relevant moments in a shopper's search, to increase dealer value
and support higher revenue per dealer, respectively
•Entered Europe’s largest automotive market with the launch of CARFAX Germany
•Expanded B2B capabilities through FAST, PIQ and Data Studio from launch to broader adoption, while
advancing new solutions within automotiveMastermind that improve customer workflows for OEMs
and dealers
•Advanced creating One Mobility Global by integrating our businesses, data assets and technology to
accelerate innovation and efficiency
•Initiated return of capital to shareholders, with quarterly cash dividend of $0.06 per share
Financial Summary
The second quarter ended June 30, 2026 and all prior periods are presented on a carve-out basis. Beginning with
the third quarter of 2026, Mobility Global's first full quarter as a standalone company, financial results will be
reported on a consolidated basis.
Three Months Ended June 30, | Six Months Ended June 30, | ||||||
(dollars in millions except per share data) | 2026 | 2025 | % Chg | 2026 | 2025 | % Chg | |
(unaudited) | (unaudited) | ||||||
Revenue | |||||||
CARFAX | $312 | $289 | 8% | $610 | $564 | 8% | |
B2B | 156 | 150 | 4% | 313 | 295 | 6% | |
Total revenue | 468 | 439 | 7% | 923 | 859 | 7% | |
Subscription revenue | 383 | 358 | 7% | 755 | 701 | 8% | |
Non-subscription revenue | 85 | 81 | 5% | 168 | 158 | 6% | |
Profitability (GAAP) | — | ||||||
Operating profit | 82 | 96 | (15)% | 163 | 180 | (9)% | |
Net income | 53 | 65 | (18)% | 108 | 123 | (12)% | |
Net income margin | 11% | 15% | (27)% | 12% | 14% | (14)% | |
Diluted EPS | 0.18 | 0.22 | (18)% | 0.37 | 0.42 | (12)% | |
Non-GAAP measures | |||||||
Adjusted EBITDA | 202 | 188 | 7% | 386 | 357 | 8% | |
Adjusted EBITDA margin | 43% | 43% | —% | 42% | 42% | —% | |
Cash flow | |||||||
Net cash provided by operating activities | 135 | 166 | (19)% | 189 | 233 | (19)% | |
Free cash flow | 129 | 163 | (21)% | 177 | 225 | (21)% | |
Declaration of Quarterly Dividend
The Board of Directors has declared a quarterly common stock dividend of $0.06 per share. The dividend is
payable September 10, 2026, to shareholders of record at the close of business as of August 27, 2026.
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Outlook
Operating Performance | Full-Year 2026 Guidance |
Revenue | $1,870 - $1,885 million |
Revenue Growth | 6.9% - 7.7% |
Adjusted EBITDA | $745 - $760 million |
Adjusted EBITDA Margin | ~40% |
Our full year 2026 guidance reflects our carve-out financial results for the first six months of the year and
consolidated financial results for the second six months.
The Company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most
directly comparable financial measures calculated and reported in accordance with GAAP, as the Company is
unable to estimate certain items that impact Net income, and other reconciling metrics are outside the
Company’s control and/or cannot be estimated without unreasonable effort. The amounts and timing of these
items are uncertain and could be material to the Company’s results calculated in accordance with GAAP.
Earnings Webcast
Mobility Global will host a live conference call at 8:00 a.m. EDT on Friday, August 7, 2026 to discuss its
second quarter 2026 financial results. The conference call will be webcast to the public via a link on the
Investor Relations website at https://ir.mobilityglobal.com.
Additional Information Regarding Non-GAAP Measures
It should be noted that Adjusted EBITDA, Adjusted EBITDA Margin, and Free Cash Flow are financial
measures that are not required by, or presented in accordance with, accounting principles generally accepted in
the United States, or GAAP. These non-GAAP measures should not be considered as alternatives to Net income
attributable to Mobility Global or other comparable measures calculated and reported in accordance with
GAAP. These measures are presented here to provide additional useful measurements to review the Company’s
operations, provide transparency to investors and enable period-to-period comparability of financial
performance. The Company’s chief operating decision maker uses these measures to assess the ongoing
performance of the Company and its segments, as well as for business and enterprise planning purposes.
A description of other non-GAAP financial measures that Mobility Global uses to evaluate its operations and
financial performance, and reconciliation of these non-GAAP financial measures to the most directly
comparable financial measures calculated and reported in accordance with GAAP, can be found in Exhibit 5 of
this press release, which is also available on Mobility Global’s website at https://ir.mobilityglobal.com.
Forward-Looking Statements
This press release contains “forward-looking statements,” as defined in the Private Securities Litigation Reform
Act of 1995. These statements, which express management’s current views concerning future events, trends,
contingencies or results, as well as our full-year 2026 guidance, appear at various places in this press release
and use words like “anticipate,” “assume,” “believe,” “continue,” “estimate,” “expect,” “forecast,” “future,”
“intend,” “plan,” “potential,” “predict,” “project,” “strategy,” “target” and similar terms, and future or
conditional tense verbs like “could,” “may,” “might,” “should,” “will” and “would.” For example, management
may use forward-looking statements when addressing topics such as: the outcome of contingencies; future
actions by regulators; changes in the business strategies and methods of generating revenue of the Company;
and the development and performance of the Company’s services and products; the expected impact of
acquisitions and dispositions; the Company’s effective tax rates; the Company’s cost structure, dividend policy,
cash flows or liquidity.
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Forward-looking statements are subject to inherent risks and uncertainties. Several factors could cause actual
results to differ materially from those expressed or implied in forward-looking statements. The Company and its
subsidiaries operate in a dynamic business environment in which new risks emerge frequently. Accordingly, the
Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as
of the dates on which they are made. The Company undertakes no obligation to update or revise any forward-
looking statement to reflect events or circumstances arising after the date on which it is made, except as
required by applicable law. Further information about the Company’s businesses, including information about
factors that could materially affect its results of operations and financial condition, is contained in the
Company’s filings with the SEC, including the section titled “Risk Factors” of our Quarterly Report on Form
10-Q, filed with the SEC on August 7, 2026.
About Mobility Global
Mobility Global is the world’s standard for automotive information, providing critical data and analytics across
the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX,
automotiveMastermind, Polk Automotive Solutions, and Market Scan, supporting the world’s major automotive
manufacturers, suppliers, dealer groups, media, financial institutions, and consumers with data, forecasts,
insights, technology, and innovation. For more, visit mobilityglobal.com.
Contacts:
Investor Relations:
Tejal Engman
Managing Director, Investor Relations
Media:
Kara Evanko
Global Head of Communications
Exhibit 1
Mobility Global Inc.
Condensed Combined Statements of Operations
Three and six months ended June 30, 2026 and 2025
(dollars in millions, except per share data)
(unaudited) | Three Months Ended June 30, | Change | Six Months Ended June 30, | Change | |||||||||||
2026 | 2025 | $ | % | 2026 | 2025 | $ | % | ||||||||
Revenue | $468 | $439 | $29 | 7% | $923 | $859 | $64 | 7% | |||||||
Expenses: | |||||||||||||||
Operating-related expenses | 134 | 132 | 2 | 2% | 270 | 259 | 11 | 4% | |||||||
Selling and general expenses | 175 | 134 | 41 | 31% | 335 | 265 | 70 | 26% | |||||||
Depreciation | 3 | 3 | — | —% | 7 | 7 | — | —% | |||||||
Amortization of intangibles | 74 | 74 | — | —% | 148 | 148 | — | —% | |||||||
Total expenses | 386 | 343 | 43 | 13% | 760 | 679 | 81 | 12% | |||||||
Operating profit | 82 | 96 | (14) | (15)% | 163 | 180 | (17) | (9)% | |||||||
Interest expense, net | 7 | 4 | 3 | 75% | 10 | 7 | 3 | 43% | |||||||
Income before provision for income taxes | 75 | 92 | (17) | (18)% | 153 | 173 | (20) | (12)% | |||||||
Provision for income taxes | 22 | 27 | (5) | (19)% | 45 | 50 | (5) | (10)% | |||||||
Net income | $53 | $65 | $(12) | (18)% | $108 | $123 | $(15) | (12)% | |||||||
Net income per common share: | |||||||||||||||
Basic | $0.18 | $0.22 | $(0.04) | (18)% | $0.37 | $0.42 | $(0.05) | (12)% | |||||||
Diluted | $0.18 | $0.22 | $(0.04) | (18)% | $0.37 | $0.42 | $(0.05) | (12)% | |||||||
N/M - Represents a change equal to or in excess of 100% or not meaningful
Exhibit 2
Mobility Global Inc.
Condensed Combined Balance Sheets
June 30, 2026 and December 31, 2025
(dollars in millions)
(unaudited) | June 30, | December 31, | |
2026 | 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: | |||
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 |
Exhibit 3
Mobility Global Inc.
Condensed Consolidated Statements of Cash Flows
Six months ended June 30, 2026 and 2025
(dollars in millions)
(unaudited) | 2026 | 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 | |
Restructuring and other | (1) | — | |
Net changes in other operating assets and liabilities | (46) | (13) | |
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 |
Exhibit 4
Mobility Global Inc.
Operating Results by Segment
Three and six months ended June 30, 2026 and 2025
(dollars in millions)
(unaudited) | Three months ended June 30, 2026 | ||||||
CARFAX | B2B | Corporate | Total | ||||
Revenue | $312 | $156 | $— | $468 | |||
Expenses: | |||||||
Operating-related expenses | 68 | 66 | — | 134 | |||
Selling and general expenses | 93 | 60 | 22 | 175 | |||
Depreciation and amortization | 50 | 27 | — | 77 | |||
Total expenses | 211 | 153 | 22 | 386 | |||
Operating profit | $101 | $3 | $(22) | $82 | |||
Adjusted EBITDA | $153 | $53 | $(4) | $202 | |||
(unaudited) | Three months ended June 30, 2025 | ||||||
CARFAX | B2B | Corporate | Total | ||||
Revenue | $289 | $150 | $— | $439 | |||
Expenses: | |||||||
Operating-related expenses | 67 | 65 | — | 132 | |||
Selling and general expenses | 84 | 41 | 9 | 134 | |||
Depreciation and amortization | 49 | 28 | — | 77 | |||
Total expenses | 200 | 134 | 9 | 343 | |||
Operating profit | 89 | 16 | (9) | 96 | |||
Adjusted EBITDA | $142 | $49 | $(3) | $188 | |||
(unaudited) | Six months ended June 30, 2026 | ||||||
CARFAX | B2B | Corporate | Total | ||||
Revenue | $610 | $313 | $— | $923 | |||
Expenses: | |||||||
Operating-related expenses | 136 | 134 | — | 270 | |||
Selling and general expenses | 184 | 116 | 35 | 335 | |||
Depreciation and amortization | 100 | 55 | — | 155 | |||
Total expenses | 420 | 305 | 35 | 760 | |||
Operating profit | 190 | 8 | (35) | 163 | |||
Adjusted EBITDA | $293 | $102 | $(9) | $386 | |||
(unaudited) | Six months ended June 30, 2025 | ||||||
CARFAX | B2B | Corporate | Total | ||||
Revenue | $564 | $295 | $— | $859 | |||
Expenses: | |||||||
Operating-related expenses | 130 | 129 | — | 259 | |||
Selling and general expenses | 169 | 80 | 16 | 265 | |||
Depreciation and amortization | 99 | 56 | — | 155 | |||
Total expenses | 398 | 265 | 16 | 679 | |||
Operating profit | 166 | 30 | (16) | 180 | |||
Adjusted EBITDA | $272 | $93 | $(8) | $357 | |||
Exhibit 5
Mobility Global Inc.
Non-GAAP Financial Information
(dollars in millions)
(unaudited) | Three months ended June 30, 2026 | ||||||
CARFAX | B2B | Corporate | Total | ||||
Net income (GAAP) | $53 | ||||||
Interest expense, net | 7 | ||||||
Provision for income taxes | 22 | ||||||
Operating profit (GAAP) | 101 | 3 | (22) | 82 | |||
Adjusted to add: | |||||||
Amortization of intangibles | 48 | 26 | — | 74 | |||
Depreciation | 2 | 1 | — | 3 | |||
Stock-based compensation | 2 | 3 | — | 5 | |||
Transaction costs | — | 20 | 16 | 36 | |||
Employee severance charges and other | — | — | 2 | 2 | |||
Adjusted EBITDA | $153 | $53 | $(4) | $202 | |||
% Adjusted EBITDA margin | 49% | 34% | N/M | 43% | |||
(unaudited) | Three months ended June 30, 2025 | ||||||
CARFAX | B2B | Corporate | Total | ||||
Net income (GAAP) | $65 | ||||||
Interest expense, net | 4 | ||||||
Provision for income taxes | 27 | ||||||
Operating profit (GAAP) | 89 | 16 | (9) | 96 | |||
Adjusted to add: | |||||||
Amortization of intangibles | 48 | 26 | — | 74 | |||
Depreciation | 2 | 1 | — | 3 | |||
Stock-based compensation | 2 | 2 | — | 4 | |||
Transaction costs | — | — | 2 | 2 | |||
Employee severance charges and other | 1 | 4 | 4 | 9 | |||
Adjusted EBITDA | $142 | $49 | $(3) | $188 | |||
% Adjusted EBITDA margin | 49% | 33% | N/M | 43% | |||
(unaudited) | Six months ended June 30, 2026 | ||||||
CARFAX | B2B | Corporate | Total | ||||
Net income (GAAP) | $108 | ||||||
Interest expense, net | 10 | ||||||
Provision for income taxes | 45 | ||||||
Operating profit (GAAP) | 190 | 8 | (35) | 163 | |||
Adjusted to add: | |||||||
Amortization of intangibles | 95 | 53 | — | 148 | |||
Depreciation | 5 | 2 | — | 7 | |||
Stock-based compensation | 3 | 6 | — | 9 | |||
Transaction costs | — | 33 | 24 | 57 | |||
Employee severance charges and other | — | — | 2 | 2 | |||
Adjusted EBITDA | $293 | $102 | $(9) | $386 | |||
% Adjusted EBITDA margin | 48% | 33% | N/M | 42% | |||
Exhibit 5
(unaudited) | Six months ended June 30, 2025 | ||||||
CARFAX | B2B | Corporate | Total | ||||
Net income (GAAP) | $123 | ||||||
Interest expense, net | 7 | ||||||
Provision for income taxes | 50 | ||||||
Operating profit (GAAP) | 166 | 30 | (16) | 180 | |||
Adjusted to add: | |||||||
Amortization of intangibles | 95 | 53 | — | 148 | |||
Depreciation | 5 | 2 | — | 7 | |||
Stock-based compensation | 5 | 4 | — | 9 | |||
Transaction costs | — | — | 2 | 2 | |||
Employee severance charges and other | 1 | 4 | 6 | 11 | |||
Adjusted EBITDA | $272 | $93 | $(8) | $357 | |||
% Adjusted EBITDA margin | 48% | 32% | N/M | 42% | |||
Computation of Free Cash Flow
(unaudited) | Three Months Ended June 30, | Six Months Ended June 30, | |||||
2026 | 2025 | 2026 | 2025 | ||||
Cash provided by operating activities | 135 | 166 | 189 | 233 | |||
Capital expenditures | (6) | (3) | (12) | (8) | |||
Free cash flow | $129 | $163 | $177 | $225 | |||
Exhibit 5
Non-GAAP Financial Measures - Definitions
Adjusted EBITDA, Adjusted EBITDA Margin, and Free cash flow
Adjusted EBITDA is a non-GAAP measure and is defined as our GAAP net income adjusted to exclude
(1) interest expense, net, (2) provisions for income taxes, (3) depreciation and amortization, (4) stock-based
compensation, (5) transaction costs related to the stand-up of the Spin Business in connection with the
Separation, and (6) employee severance charges and other costs that are not representative of the underlying
economics of the periods presented. Net income is the most directly comparable GAAP financial measure to
Adjusted EBITDA. Adjusted EBITDA margin is a non-GAAP measure and refers to Adjusted EBITDA divided
by GAAP revenue. Further, Mobility Global presents these non-GAAP measures on a segment basis, which are
subject to the same adjustments as Adjusted EBITDA. Free cash flow is a non-GAAP financial measure and
reflects our cash provided by operating activities less capital expenditures.
