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MultiSensor AI Holdings, Inc.(MSAI)Earnings, Financials & Key Ratios
MSAI•NASDAQ
$6.30
$6M mkt cap·Price updated May 6, 2026
AboutMultiSensor AI Holdings, Inc. manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles. It also provides on-prem and cloud-based software and services, including training, calibration, and repairs for its customers operating in the distribution and logistics, manufacturing, utility, and oil and gas sectors. The company was founded in 1995 and is headquartered in Beaumont, Texas.Show more
- Revenue$6M-25.0%
- EBITDA-$11M+39.4%
- Net Income-$12M+45.5%
- EPS (Diluted)-12.40+71.0%
- Gross Margin19.87%-69.5%
- EBITDA Margin-193.57%+19.2%
- Operating Margin-216.97%+14.9%
- Net Margin-211.01%+27.3%
- ROE-52.86%+85.2%
- ROIC-113.57%+43.7%
- Interest Coverage-156.42+55.0%
MSAI Key Insights
MultiSensor AI Holdings, Inc. (MSAI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 3 (bottom 3%)
- ✗Shares diluted 85.6% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
MSAI Price & Volume
MultiSensor AI Holdings, Inc. (MSAI) stock price & volume — 10-year historical chart
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MSAI Growth Metrics
MultiSensor AI Holdings, Inc. (MSAI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-8.59%
TTM-25.01%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM45.51%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM74.03%
Return on Capital
10 Years-116.73%
5 Years-116.73%
3 Years-176.42%
Last Year-53.19%
MSAI Recent Earnings
MultiSensor AI Holdings, Inc. (MSAI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (25%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
Mar 19, 2026EPS
$1.20
Est $4.00
+70.0%
Revenue
$1M
Est $2M
-26.8%
Q4 2025
Nov 13, 2025EPS
$0.05
Est $0.09
+44.4%
Revenue
$2M
Est $2M
-7.4%
Q3 2025
Aug 13, 2025EPS
$0.10
Est $0.10
+0.0%
Revenue
$1M
Est $3M
-47.0%
Q2 2025
May 13, 2025EPS
$0.14
Est $0.05
-180.0%
Revenue
$1M
Est $3M
-57.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 19, 2026 | $1.20vs $4.00+70.0% | $1Mvs $2M-26.8% |
| Q4 2025 | Nov 13, 2025 | $0.05vs $0.09+44.4% | $2Mvs $2M-7.4% |
| Q3 2025 | Aug 13, 2025 | $0.10vs $0.10+0.0% | $1Mvs $3M-47.0% |
| Q2 2025 | May 13, 2025 | $0.14vs $0.05-180.0% | $1Mvs $3M-57.5% |
Based on last 12 quarters of dataView full earnings history →
MSAI Peer Comparison
MultiSensor AI Holdings, Inc. (MSAI) competitors in IT services and systems integration — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SGHT | 231.63M | 4.33 | -5.85 | -3.13% | -49.67% | -55.72% | 0.63 | |
 AEYE | 93.6M | 7.54 | -30.16 | 14.52% | -7.63% | -47.8% | 0.15 | |
 VNET | 2.46B | 8.48 | 87.59 | 11.41% | -5.98% | -7.63% | 2.67 | |
 KPLT | 30.16M | 6.85 | -62.27 | 18.03% | 0.47% | |||
 TDY | 29.27B | 631.87 | 33.47 | 7.86% | 15.15% | 8.94% | 3.67% | 0.25 |
 KEYS | 61.05B | 355.93 | 72.94 | 7.95% | 16.88% | 15.44% | 2.1% | 0.51 |
 MVIS | 205.21M | 0.67 | -1.91 | -74.28% | -78.63% | -137.37% | 0.66 | |
 OUST | 1.82B | 28.60 | -26.73 | 52.46% | -30.12% | -22.2% | 0.07 |
Compare MSAI vs Peers
MultiSensor AI Holdings, Inc. (MSAI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MSAI Income Statement
MultiSensor AI Holdings, Inc. (MSAI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Sales/Revenue | 28.79M | 7.27M | 5.43M | 7.4M | 5.55M |
| Revenue Growth % | - | -74.75% | -25.29% | 36.32% | -25.01% |
| Cost of Goods Sold | 10.28M | 4.96M | 2.3M | 2.58M | 4.45M |
| COGS % of Revenue | 35.72% | 68.3% | 42.3% | 34.88% | 80.13% |
| Gross Profit | 18.5M▲ 0% | 2.3M▼ 87.5% | 3.13M▲ 36.0% | 4.82M▲ 53.8% | 1.1M▼ 77.1% |
| Gross Margin % | 64.28% | 31.7% | 57.7% | 65.12% | 19.87% |
| Gross Profit Growth % | - | -87.55% | 35.98% | 53.85% | -77.12% |
| Operating Expenses | 14.44M | 14.32M | 24.61M | 23.7M | 13.15M |
| OpEx % of Revenue | 50.16% | 197.06% | 453.22% | 320.2% | 236.84% |
| Selling, General & Admin | 14.12M | 13.61M | 22.11M | 19.04M | 11.48M |
| SG&A % of Revenue | 49.05% | 187.2% | 407.09% | 257.19% | 206.85% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 318K | 716K | 2.5M | 4.66M | 1.67M |
| Operating Income | 4.07M▲ 0% | -12.02M▼ 395.6% | -21.48M▼ 78.7% | -18.88M▲ 12.1% | -12.04M▲ 36.2% |
| Operating Margin % | 14.12% | -165.36% | -395.52% | -255.08% | -216.97% |
| Operating Income Growth % | - | -395.57% | -78.71% | 12.09% | 36.21% |
| EBITDA | 4.38M | -11.46M | -20.61M | -17.74M | -10.74M |
| EBITDA Margin % | 15.23% | -157.64% | -379.47% | -239.68% | -193.57% |
| EBITDA Growth % | - | -361.34% | -79.85% | 13.9% | 39.43% |
| D&A (Non-Cash Add-back) | 318K | 561K | 872K | 1.14M | 1.3M |
| EBIT | 3.75M | -11.97M | -21.97M | -21.9M | -12.04M |
| Net Interest Income | -315K | -115K | -94K | -1.62M | 77K |
| Interest Income | 0 | 0 | 0 | -1.55M | 0 |
| Interest Expense | 315K | 115K | 94K | 63K | -77K |
| Other Income/Expense | -635K | -67K | -583K | -3.08M | 299K |
| Pretax Income | 3.43M▲ 0% | -12.09M▼ 452.2% | -22.06M▼ 82.5% | -21.96M▲ 0.5% | -11.74M▲ 46.5% |
| Pretax Margin % | 11.92% | -166.28% | -406.26% | -296.68% | -211.58% |
| Income Tax | 1.12M | 1.21M | 208K | -465K | -32K |
| Effective Tax Rate % | 32.59% | -9.97% | -0.94% | 2.12% | 0.27% |
| Net Income | 2.31M▲ 0% | -13.29M▼ 674.6% | -22.27M▼ 67.6% | -21.5M▲ 3.5% | -11.71M▲ 45.5% |
| Net Margin % | 8.04% | -182.86% | -410.09% | -290.39% | -211.01% |
| Net Income Growth % | - | -674.58% | -67.55% | 3.47% | 45.51% |
| Net Income (Continuing) | 2.31M | -13.29M | -22.27M | -21.5M | -11.71M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 7.60▲ 0% | -44.40▼ 684.2% | -142.40▼ 220.7% | -42.80▲ 69.9% | -12.40▲ 71.0% |
| EPS Growth % | - | -684.21% | -220.72% | 69.94% | 71.03% |
| EPS (Basic) | 7.60 | -44.40 | -142.40 | -42.80 | -12.40 |
| Diluted Shares Outstanding | 298.92K | 298.92K | 156.44K | 502.98K | 933.72K |
| Basic Shares Outstanding | 298.92K | 298.92K | 156.44K | 502.98K | 933.72K |
| Dividend Payout Ratio | 2.29% | - | - | - | - |
MSAI Balance Sheet
MultiSensor AI Holdings, Inc. (MSAI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Total Current Assets | 22.2M | 14.93M | 12.51M | 10.52M | 30.88M |
| Cash & Short-Term Investments | 3.37M | 654K | 1.16M | 4.36M | 24.36M |
| Cash Only | 3.37M | 654K | 1.16M | 4.36M | 24.36M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.15M | 2.58M | 2.54M | 1.55M | 1.67M |
| Days Sales Outstanding | 39.99 | 129.42 | 170.47 | 76.63 | 109.81 |
| Inventory | 11.3M | 9.63M | 6.93M | 4.18M | 4.02M |
| Days Inventory Outstanding | 401 | 708.38 | 1.1K | 590.9 | 329.88 |
| Other Current Assets | 77K | 0 | 0 | 150K | 826K |
| Total Non-Current Assets | 2.5M | 2.53M | 3.86M | 4.96M | 4.59M |
| Property, Plant & Equipment | 1.39M | 2.53M | 3.21M | 4.1M | 4.08M |
| Fixed Asset Turnover | 20.75x | 2.87x | 1.69x | 1.81x | 1.36x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2K | -597K | 646K | 865K | 508K |
| Total Assets | 24.7M▲ 0% | 17.46M▼ 29.3% | 16.37M▼ 6.2% | 15.48M▼ 5.5% | 35.47M▲ 129.2% |
| Asset Turnover | 1.17x | 0.42x | 0.33x | 0.48x | 0.16x |
| Asset Growth % | - | -29.32% | -6.24% | -5.46% | 129.19% |
| Total Current Liabilities | 1.88M | 7M | 10.76M | 3.02M | 2.65M |
| Accounts Payable | 899K | 1.36M | 2.63M | 825K | 291K |
| Days Payables Outstanding | 31.91 | 100 | 417.91 | 116.62 | 23.88 |
| Short-Term Debt | 0 | 1.95M | 1.4M | 172K | 0 |
| Deferred Revenue (Current) | 140K | 287K | 1.94M | 483K | 0 |
| Other Current Liabilities | 99K | 224K | 114K | 245K | 2.36M |
| Current Ratio | 11.82x | 2.13x | 1.16x | 3.49x | 11.66x |
| Quick Ratio | 5.81x | 0.76x | 0.52x | 2.10x | 10.14x |
| Cash Conversion Cycle | 409.07 | 737.8 | 853.75 | 550.9 | 415.81 |
| Total Non-Current Liabilities | 18.39M | 18.67M | 5.88M | 173K | 794K |
| Long-Term Debt | 18.39M | 18.57M | 5.7M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 90K | 18K | 80K | 33K |
| Other Non-Current Liabilities | 0 | 0 | 49K | 10K | 10K |
| Total Liabilities | 20.27M | 25.67M | 16.64M | 3.19M | 3.44M |
| Total Debt | 18.39M | 20.62M | 7.23M | 310K | 0 |
| Net Debt | 15.01M | 19.97M | 6.08M | -4.05M | -24.36M |
| Debt / Equity | 4.14x | - | - | 0.03x | - |
| Debt / EBITDA | 4.19x | - | - | - | - |
| Net Debt / EBITDA | 3.42x | - | - | - | - |
| Interest Coverage | 11.89x | -104.09x | -233.68x | -347.57x | -156.42x |
| Total Equity | 4.44M▲ 0% | -8.21M▼ 285.0% | -268K▲ 96.7% | 12.29M▲ 4685.1% | 32.03M▲ 160.7% |
| Equity Growth % | - | -285.01% | 96.74% | 4685.07% | 160.68% |
| Book Value per Share | 14.84 | -27.46 | -1.71 | 24.43 | 34.31 |
| Total Shareholders' Equity | 4.44M | -8.21M | -268K | 12.29M | 32.03M |
| Common Stock | 0 | 0 | 1K | 3K | 8K |
| Retained Earnings | 2.43M | -10.86M | -33.13M | -54.63M | -66.34M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -377.09K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
MSAI Cash Flow Statement
MultiSensor AI Holdings, Inc. (MSAI) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
| Cash from Operations | 4.41M | -3.17M | -4.55M | -15.57M | -8.02M |
| Operating CF Margin % | 15.33% | -43.62% | -83.81% | -210.31% | -144.48% |
| Operating CF Growth % | - | -171.83% | -43.56% | -242.06% | 48.48% |
| Net Income | 2.31M | -13.29M | -22.27M | -21.5M | -11.71M |
| Depreciation & Amortization | 318K | 561K | 872K | 1.14M | 1.3M |
| Stock-Based Compensation | 972K | 644K | 14.06M | 3.38M | 1.67M |
| Deferred Taxes | -505K | 1.2M | -72K | 62K | -47K |
| Other Non-Cash Items | 809K | 1.72M | 4.75M | 6.21M | 627K |
| Working Capital Changes | 506K | 6M | -1.89M | -4.86M | 149K |
| Change in Receivables | 3.55M | -211K | -928K | 1.56M | -847K |
| Change in Inventory | 298K | 284K | 372K | 256K | 135K |
| Change in Payables | 775K | 461K | -14K | -1.48M | -263K |
| Cash from Investing | -1.41M | -1.6M | -1.51M | -2.67M | -1.61M |
| Capital Expenditures | -1.41M | -1.6M | -1.54M | -2.67M | -1.63M |
| CapEx % of Revenue | 4.91% | 22.01% | 28.4% | 36.03% | 29.38% |
| Acquisitions | 0 | 0 | 0 | 0 | 24K |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 0 | 30K | 0 | 0 |
| Cash from Financing | -4.04M | 2.05M | 6.56M | 21.59M | 29.58M |
| Debt Issued (Net) | -3.99M | 2.05M | 2.62M | -1.14M | -172K |
| Equity Issued (Net) | 0 | 0 | 6.29M | 22.73M | 30.87M |
| Dividends Paid | -53K | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -2.34M | 0 | -1.12M |
| Net Change in Cash | -1.04M▲ 0% | -2.72M▼ 160.8% | 501K▲ 118.4% | 3.35M▲ 569.3% | 19.96M▲ 495.2% |
| Free Cash Flow | 3M▲ 0% | -4.77M▼ 259.1% | -6.09M▼ 27.7% | -18.23M▼ 199.3% | -9.65M▲ 47.1% |
| FCF Margin % | 10.42% | -65.63% | -112.21% | -246.34% | -173.86% |
| FCF Growth % | - | -259.05% | -27.74% | -199.26% | 47.07% |
| FCF per Share | 10.03 | -15.96 | -38.95 | -36.25 | -10.34 |
| FCF Conversion (FCF/Net Income) | 1.91x | 0.24x | 0.20x | 0.72x | 0.68x |
| Interest Paid | 2K | 29K | 52K | 63K | 0 |
| Taxes Paid | 4.62M | 33K | 6K | 2.33M | 0 |
MSAI Key Ratios
MultiSensor AI Holdings, Inc. (MSAI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 52.13% | - | - | -357.65% | -52.86% |
| Return on Invested Capital (ROIC) | 15.68% | -57.76% | -183.38% | -201.62% | -113.57% |
| Gross Margin | 64.28% | 31.7% | 57.7% | 65.12% | 19.87% |
| Net Margin | 8.04% | -182.86% | -410.09% | -290.39% | -211.01% |
| Debt / Equity | 4.14x | - | - | 0.03x | - |
| Interest Coverage | 11.89x | -104.09x | -233.68x | -347.57x | -156.42x |
| FCF Conversion | 1.91x | 0.24x | 0.20x | 0.72x | 0.68x |
| Revenue Growth | - | -74.75% | -25.29% | 36.32% | -25.01% |
MSAI SEC Filings & Documents
MultiSensor AI Holdings, Inc. (MSAI) SEC filings — annual & quarterly reports (10-K, 10-Q)
MSAI Frequently Asked Questions
MultiSensor AI Holdings, Inc. (MSAI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
MultiSensor AI Holdings, Inc. (MSAI) reported $5.6M in revenue for fiscal year 2025. This represents a 81% decrease from $28.8M in 2021.
MultiSensor AI Holdings, Inc. (MSAI) saw revenue decline by 25.0% over the past year.
MultiSensor AI Holdings, Inc. (MSAI) reported a net loss of $11.7M for fiscal year 2025.
Dividend & Returns
MultiSensor AI Holdings, Inc. (MSAI) has a return on equity (ROE) of -52.9%. Negative ROE indicates the company is unprofitable.
MultiSensor AI Holdings, Inc. (MSAI) had negative free cash flow of $9.7M in fiscal year 2025, likely due to heavy capital investments.
Explore More MSAI
MultiSensor AI Holdings, Inc. (MSAI) financial analysis — history, returns, DCA and operating performance tools
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
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Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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