Net Loss Per Share (Tables)

3 Months Ended

12 Months Ended

Dec. 31, 2025

Sep. 30, 2025

Schedule of Earnings Per Share Basic and Diluted

		Class A			Class B			Class A			Class B
	Three months ended December 31,
	2025						2024
		Class A			Class B			Class A			Class B
Basic net loss per share:
Numerator:
Allocation of net loss	$	(9,803	)	$	(322	)	$	(18,754	)	$	(1,085	)
Denominator:
Weighted-average shares outstanding		61,053,860			2,004,901			36,324,198			2,101,368
Basic net loss per share	$	(0.16	)	$	(0.16	)	$	(0.52	)	$	(0.52	)

Diluted net loss per share:
Numerator:
Allocation of net loss	$	(9,803	)	$	(322	)	$	(18,754	)	$	(1,085	)
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock		(322	)		—			(1,085	)		—
Allocation of net loss	$	(10,125	)	$	(322	)	$	(19,839	)	$	(1,085	)

Denominator:
Number of shares used in basic earnings per share calculation		61,053,860			2,004,901			36,324,198			2,101,368
Conversion of Class B to Class A Common Stock		2,004,901			—			2,101,368			—
Number of shares used in per share computation		63,058,761			2,004,901			38,425,566			2,101,368
Diluted net loss per share	$	(0.16	)	$	(0.16	)	$	(0.52	)	$	(0.52	)

	Class A			Class B			Class A			Class B
	Year ended September 30,
	2025						2024
	Class A			Class B			Class A			Class B
Basic net loss per share:
Numerator:
Allocation of net loss	$	(44,072	)	$	(2,059	)	$	(18,452	)	$	(1,582	)
Deemed dividend from warrant price adjustment		—			—			(609	)		(52	)
Net loss available to common stockholders	$	(44,072	)	$	(2,059	)	$	(19,061	)	$	(1,634	)
Denominator:
Weighted-average shares outstanding		43,435,887			2,029,216			26,175,279			2,244,314
Basic net loss per share	$	(1.01	)	$	(1.01	)	$	(0.73	)	$	(0.73	)

Diluted net loss per share:
Numerator:
Net loss available to common stockholders	$	(44,072	)	$	(2,059	)	$	(19,061	)	$	(1,634	)
Change in fair value of PIPE make-whole liability		—			—			(764	)		(66	)
Change in fair value of liability-classified warrants		—			—			(634	)		(54	)
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock		(2,059	)		—			(1,754	)		—
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock		—			—			—			63
Allocation of net loss	$	(46,131	)	$	(2,059	)	$	(22,213	)	$	(1,691	)
Denominator:
Number of shares used in basic earnings per share calculation		43,435,887			2,029,216			26,175,279			2,244,314
Shares issuable in satisfaction of PIPE make-whole liability		—			—			727,223			—
Shares issuable under liability-classified warrants		—			—			336,205			—
Conversion of Class B to Class A Common Stock		2,029,216			—			2,244,314			—
Number of shares used in per share computation		45,465,103			2,029,216			29,483,021			2,244,314
Diluted net loss per share	$	(1.01	)	$	(1.01	)	$	(0.75	)	$	(0.75	)

Schedule of Antidilutive Shares

The potential shares of Class A Common Stock that were excluded from the computation of diluted net loss per share for the periods presented because including them would have an antidilutive effect were as follows:

Schedule of Antidilutive Shares

	2025		2024
	Three months ended December 31,
	2025		2024
Warrants		25,705,732		15,518,780
Shares potentially issuable under earnout arrangements		3,500,000		4,785,618
RSAs		4,517,500		—
RSUs		5,726,187		5,647,935
Stock options		2,114,617		2,689,792
Total		41,564,036		28,642,125

Schedule of Antidilutive Shares

	2025		2024
	Year ended September 30,
	2025		2024

Public Warrants and Private Warrants		9,000,000		9,000,000
Other common stock warrants		15,705,732		7,518,780
Earnout Shares		3,500,000		3,500,000
Shares potentially issuable under Rage Earnout		642,809		1,285,618
RSAs		4,872,500		—
RSUs		9,546,008		4,463,253
Stock options		2,452,324		2,740,846
Total		45,719,373		28,508,497

MOBIX LABS, INC S-1/A