Multisensor AI Financials
Multisensor AI (MSAI) reported $5.6M in revenue for fiscal year 2025, down 25.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
MSAI’s current operating model depends on external capital, while improving losses still do not cover the company’s cash needs.
FY2025’s cash-rich balance sheet was built by financing, not by the business itself: cash climbed to$24.4M after a financing inflow of$29.6M . Even with a much smaller loss than FY2024, operations still used$8.0M of cash, so the liquidity reset came from outside funding rather than customer-generated cash.
The more revealing pattern is the gap between gross margin and operating margin: gross margin stayed above
The balance sheet now looks lightly levered and very liquid, with total liabilities of only
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Multisensor AI's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Multisensor AI, and counted as zero in the overall score.
Multisensor AI scores -0.43, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($12.6M) relative to total liabilities ($3.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Multisensor AI passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Multisensor AI reported a net loss of $11.7M while operations used $8.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Multisensor AI generated $5.6M in revenue in fiscal year 2025. This represents a decrease of 25.0% from the prior year.
Multisensor AI's EBITDA was -$10.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 39.6% from the prior year.
Multisensor AI reported -$11.7M in net income in fiscal year 2025. This represents an increase of 45.5% from the prior year.
Cash & Balance Sheet
Multisensor AI recorded an outflow of $9.7M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 47.1% from the prior year.
Multisensor AI held $24.4M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Multisensor AI's gross margin was 52.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 12.6 percentage points from the prior year.
Multisensor AI's ROE was -36.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 138.4 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Multisensor AI invested $1.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 38.8% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
MSAI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Revenue | $6.3M | $5.6M-25.0% | $7.4M+36.3% | $5.4M-25.3% | $7.3M |
| Cost of Revenue | $2.7M | $2.6M+2.2% | $2.6M+12.4% | $2.3M-53.7% | $5.0M |
| Gross Profit | $3.6M | $2.9M-39.6% | $4.8M+53.8% | $3.1M+36.0% | $2.3M |
| SG&A Expenses | $10.3M | $11.5M-26.7% | $15.7M+94.6% | $8.0M-40.9% | $13.6M |
| Operating Income | -$9.3M | -$12.0M+36.4% | -$18.9M+12.1% | -$21.5M-78.7% | -$12.0M |
| Interest Expense | N/A | N/A | $63K-33.0% | $94K | N/A |
| Income Tax | -$31K | -$32K+93.1% | -$465K-323.6% | $208K-82.7% | $1.2M |
| Net Income | -$8.9M | -$11.7M+45.5% | -$21.5M+3.5% | -$22.3M-67.6% | -$13.3M |
| EPS (Diluted) | — | -$0.31 | -$1.07 | -$3.56-41.8% | -$2.51 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MSAI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $35.5M+129.2% | $15.5M-5.5% | $16.4M-6.2% | $17.5M |
| Current Assets | $30.9M+193.7% | $10.5M-16.0% | $12.5M-16.2% | $14.9M |
| Cash & Equivalents | $24.4M+459.1% | $4.4M+277.3% | $1.2M+76.6% | $654K |
| Inventory | $4.0M-3.8% | $4.2M-39.7% | $6.9M-28.1% | $9.6M |
| Accounts Receivable | $1.7M+99.3% | $838K-65.7% | $2.4M+61.8% | $1.5M |
| Total Liabilities | $3.4M+7.9% | $3.2M-80.8% | $16.6M-35.2% | $25.7M |
| Current Liabilities | $2.6M-12.2% | $3.0M-72.0% | $10.8M+53.7% | $7.0M |
| Long-Term Debt | N/A | N/A | $8.2M | N/A |
| Total Equity | $32.0M+160.7% | $12.3M+4685.1% | -$268K+96.7% | -$8.2M |
| Retained Earnings | -$66.3M-21.4% | -$54.6M-64.9% | -$33.1M-205.0% | -$10.9M |
Not reported in any period shown, so not listed: Goodwill.
MSAI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$8.1M | -$8.0M+48.5% | -$15.6M-242.1% | -$4.6M-43.6% | -$3.2M |
| Capital Expenditures | $1.1M | $1.6M-38.8% | $2.7M+73.0% | $1.5M-3.6% | $1.6M |
| Free Cash Flow | -$9.2M | -$9.7M+47.1% | -$18.2M-199.3% | -$6.1M-27.7% | -$4.8M |
| Investing Cash Flow | -$1.1M | -$1.6M+39.7% | -$2.7M-76.4% | -$1.5M+5.5% | -$1.6M |
| Financing Cash Flow | $26.9M | $29.6M+37.0% | $21.6M+228.9% | $6.6M+220.2% | $2.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MSAI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Gross Margin | 52.5%-12.6pp | 65.1%+7.4pp | 57.7%+26.0pp | 31.7% |
| Operating Margin | -216.4% | -255.1% | -395.5% | -165.3% |
| Net Margin | -211.0% | -290.4% | -410.1% | -182.9% |
| Return on Equity | -36.6%+138.4pp | -174.9% | N/A | N/A |
| Return on Assets | -33.0%+105.8pp | -138.9%-2.9pp | -136.0%-59.9pp | -76.1% |
| Current Ratio | 11.66+8.2x | 3.49+2.3x | 1.16-1.0x | 2.13 |
| Debt-to-Equity | 0.11-0.2x | 0.26 | N/A | N/A |
| FCF Margin | -173.9% | -246.3% | -112.2% | -65.6% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Multisensor AI Ranks
Frequently Asked Questions
What is Multisensor AI's annual revenue?
Multisensor AI (MSAI) reported $5.6M in total revenue for fiscal year 2025. This represents a -25.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Multisensor AI's revenue growing?
Multisensor AI (MSAI) revenue declined by 25.0% year-over-year, from $7.4M to $5.6M in fiscal year 2025.
Is Multisensor AI profitable?
No, Multisensor AI (MSAI) reported a net income of -$11.7M in fiscal year 2025.
What is Multisensor AI's EBITDA?
Multisensor AI (MSAI) had EBITDA of -$10.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Multisensor AI's gross margin?
Multisensor AI (MSAI) had a gross margin of 52.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Multisensor AI's return on equity (ROE)?
Multisensor AI (MSAI) has a return on equity of -36.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Multisensor AI's free cash flow?
Multisensor AI (MSAI) recorded an outflow of $9.7M in free cash flow during fiscal year 2025. This represents a 47.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Multisensor AI's operating cash flow?
Multisensor AI (MSAI) recorded an outflow of $8.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Multisensor AI's total assets?
Multisensor AI (MSAI) had $35.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Multisensor AI's capital expenditures?
Multisensor AI (MSAI) invested $1.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Multisensor AI's current ratio?
Multisensor AI (MSAI) had a current ratio of 11.66 as of fiscal year 2025, which is generally considered healthy.
What is Multisensor AI's debt-to-equity ratio?
Multisensor AI (MSAI) had a debt-to-equity ratio of 0.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Multisensor AI's return on assets (ROA)?
Multisensor AI (MSAI) had a return on assets of -33.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Multisensor AI's cash runway?
Based on fiscal year 2025 data, Multisensor AI (MSAI) had $24.4M in cash against an annual operating cash burn of $8.0M. This gives an estimated cash runway of approximately 36 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Multisensor AI's Altman Z-Score?
Multisensor AI (MSAI) has an Altman Z-Score of -0.43, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Multisensor AI's Piotroski F-Score?
Multisensor AI (MSAI) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Multisensor AI's earnings high quality?
Multisensor AI (MSAI) reported a net loss of $11.7M while operations used $8.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Multisensor AI?
Multisensor AI (MSAI) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.