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MARKETS / NASDAQ / MSAI
NASDAQ · OPTICAL INSTRUMENTS & LENSES · SMALL CAP

MultiSensor AI Holdings, Inc. MSAI

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$5.6M
▼ 25.0% YoY
$-11.7M
$-9.7M
In brief

What this company does

We build and deploy integrated condition monitoring and early threat detection solutions that connect multiple sensor types through a unified edge-to-cloud software architecture. As of December 31, 2025, we had approximately 730 active sensors connected to our software platform, MSAI Connect, as compared to approximately 460 as of December 31, 2024. Prior to the Business Combination, the registrant was a blank check company incorporated as a Delaware corporation on May 14, 2021, originally formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The registrant subsequently changed its name to MultiSensor AI Holdings, Inc. on February 9, 2024.

Written from the business description in MultiSensor AI Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 19 March 2026. Every sentence was checked against that document before publication.

Growth
USD 5.6M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 5.6 · Net income -11.7
2.5M5.0M-8.0M-16.0M2022202320242025
Compound annual growth
−8.6%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−211 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -216.4% · Net -211.0%
-200%-400%2022202320242025
ROE
FY2025 · ROE -52.9%
-100%-200%-300%2022202320242025

Each USD of equity lost 53 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -9.7
-8M-16M2022202320242025

Total assetsUSD 35.5M
EquityUSD 32.0M
CashUSD 24.4M
Current ratio11.66×

Equity funds 90% of total assets.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022
Revenue $B0.00.00.00.0
Operating income $B−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0
Income tax $B−0.0−0.00.00.0
Net income $B−0.0−0.0−0.0−0.0
Free cash flow $B−0.0−0.0−0.0−0.0
EPS, diluted $−0.31−1.07−3.56−2.51
Dividend / sh $····
Payout %····
ROE %−52.9−357.7··
Shares out B0.080.030.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 19 reconciliationsAUDITED

Reconciled in 5 of 19 fiscal years. 72 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityOptical Instruments & Lenses
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2021

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