MultiSensor AI Holdings, Inc. (MSAI) Revenue History
Annual and quarterly revenue from 2021 to 2025
Compound Annual Growth Rate (CAGR)
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MSAI Revenue Growth
Revenue Breakdown (FY 2025)
MSAI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MSAI Revenue Analysis (2021–2025)
As of May 8, 2026, MultiSensor AI Holdings, Inc. (MSAI) generated trailing twelve-month (TTM) revenue of $5.6 million, reflecting slight decline in growth of -0.9% year-over-year. The most recent quarter (Q4 2025) recorded $1.4 million in revenue, down 11.8% sequentially.
Looking at the longer-term picture, MSAI's historical revenue data shows a 3-year CAGR of -8.6%. The company achieved its highest annual revenue of $28.8 million in 2021.
Revenue diversification analysis shows MSAI's business is primarily driven by Product (58%), Technology Service (34%), and Ancillary Services (8%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including SGHT (+1.8% YoY), AEYE (+14.5% YoY), and VNET (+20.7% YoY), MSAI has underperformed the peer group in terms of revenue growth. Compare MSAI vs SGHT →
MSAI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MSAICurrent | $6M | -0.9% | - | -217.0% | |
 SGHT | $77M | +1.8% | +22.9% | -48.0% | |
 AEYE | $40M | +14.5% | +14.5% | -7.9% | |
 VNET | $8.3B | +20.7% | +16.9% | 8.1% | |
 KPLT | $292M | +17.6% | +3.4% | 9.9% | |
 TDY | $6.1B | +6.1% | +14.7% | 18.8% |
MSAI Historical Revenue Data (2021–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $5.6M | -25.0% | $1.1M | 19.9% | $-12,044,000 | -217.0% |
| 2024 | $7.4M | +36.3% | $4.8M | 65.1% | $-18,881,000 | -255.1% |
| 2023 | $5.4M | -25.3% | $3.1M | 57.7% | $-21,477,000 | -395.5% |
| 2022 | $7.3M | -74.8% | $2.3M | 31.7% | $-12,018,000 | -165.4% |
| 2021 | $28.8M | - | $18.5M | 64.3% | $4.1M | 14.1% |
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Start ComparisonMSAI — Frequently Asked Questions
Quick answers to the most common questions about buying MSAI stock.
Is MSAI's revenue growth accelerating or slowing?
MSAI revenue growth slowed to -0.9%, below the 5-year CAGR of N/A. TTM revenue is $6M. The deceleration marks a shift from historical growth rates.
What is MSAI's long-term revenue growth rate?
MultiSensor AI Holdings, Inc.'s 5-year revenue CAGR of N/A reflects the variable expansion pattern. Current YoY growth of -0.9% is near this long-term average.
How is MSAI's revenue distributed by segment?
MSAI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2021-2025 are available for download. Segment mix reveals concentration and diversification trends.