MultiSensor AI (MSAIW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MSAIW SEC filings page.
MultiSensor AI (MSAIW) reported $6.3M in revenue over the twelve months to Jun 30, 2026, up 12.2% from the prior twelve months. 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).
Equity financing rebuilt the balance sheet in FY2025, while operations still consumed cash and revenue-driven profitability remained absent.
Revenue contracted25.0% in FY2025 while gross margin fell to52.5% , so the year's smaller loss did not come from stronger sales economics. Operating cash flow improved from-$15.6M to-$8.0M even as revenue fell, pointing to spending restraint as the cash improvement's main mechanism.
The
FY2025 gross profit of
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.
MultiSensor AI held $24.4M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $8.0M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and MultiSensor AI scores 60/100 among other emerging companies.
MultiSensor AI had 80M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and MultiSensor AI scores 7/100 among other emerging companies.
Not available for MultiSensor AI, and counted as zero in the overall score.
MultiSensor AI reported revenue of $5.6M in fiscal year 2025, against $7.4M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and MultiSensor AI scores 45/100 among other emerging companies.
MultiSensor AI's operations used $8.0M of cash in fiscal year 2025, against $15.6M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and MultiSensor AI scores 21/100 among other emerging companies.
MultiSensor AI's cash, cash equivalents and investments came to $24.4M at the end of fiscal year 2025, against $3.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and MultiSensor AI scores 93/100 among other emerging companies.
MultiSensor AI passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 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 $1.7M in revenue in Q2 2026. This represents an increase of 19.5% from the same quarter a year earlier. Against the prior quarter it is up 5.0%.
MultiSensor AI's EBITDA was -$2.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
MultiSensor AI reported -$2.5M in net income in Q2 2026. This represents an increase of 25.9% from the same quarter a year earlier. Against the prior quarter it is up 0.4%.
MultiSensor AI earned -$1.19 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 3.3%.
Cash & Balance Sheet
MultiSensor AI recorded an outflow of $2.6M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 103.6% from the same quarter a year earlier. Against the prior quarter it is down 46.1%.
MultiSensor AI held $21.0M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
MultiSensor AI's gross margin was 45.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 22.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 10.9 percentage points.
MultiSensor AI's ROE was -8.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 25.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
MultiSensor AI invested $251K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 49.2% from the same quarter a year earlier. Against the prior quarter it is up 107.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
MSAIW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7M+19.5% | $1.6M+37.9% | $1.4M-0.9% | $1.6M-1.7% | $1.4M-33.2% | $1.2M-48.6% | $1.4M-13.3% | $1.6M+6.9% |
| Cost of Revenue | $919K-15.2% | $700K+47.1% | $512K+50.1% | $566K+6.2% | $1.1M+101.5% | $476K-59.3% | $341K+160.4% | $533K+17.9% |
| Gross Profit | $776K+131.6% | $914K+31.7% | $876K-17.3% | $1.0M-5.7% | $335K-78.9% | $694K-37.2% | $1.1M-51.4% | $1.1M+2.1% |
| SG&A Expenses | $2.8M-2.6% | $3.0M-27.8% | $2.3M-36.7% | $2.2M-64.5% | $2.9M+3.5% | $4.1M+30.9% | $3.6M+738.9% | $6.1M+114.1% |
| Operating Income | -$2.6M+21.6% | -$2.6M+43.8% | -$2.4M+14.7% | -$1.7M+80.5% | -$3.3M+31.5% | -$4.6M-80.0% | -$2.8M+78.6% | -$8.7M-310.7% |
| EBITDA | -$2.2M+25.0% | -$2.2M+48.3% | -$2.0M+19.6% | -$1.4M+83.8% | -$3.0M+34.3% | -$4.3M-89.2% | -$2.5M+80.2% | -$8.4M-343.0% |
| Income Tax | -$14K-240.0% | $33K+312.5% | -$39K+65.5% | -$11K+97.2% | $10K-16.7% | $8K-74.2% | -$113K-151.6% | -$395K-4837.5% |
| Net Income | -$2.5M+25.9% | -$2.5M+44.3% | -$2.3M+23.7% | -$1.7M+79.5% | -$3.3M+48.0% | -$4.4M-13.1% | -$3.0M+82.3% | -$8.2M-337.1% |
| EPS (Basic) | -$1.19+69.9% | -$1.23+77.3% | -$0.03-175.0% | -$0.05+85.3% | -$3.96-742.6% | -$5.42-1542.4% | $0.04-99.4% | -$0.34+90.2% |
| EPS (Diluted) | -$1.19 | -$1.23 | -$0.03 | -$0.05+85.3% | -$3.96 | -$5.42 | $0.04 | -$0.34 |
| Diluted Shares (Avg) | 2M | 2M | N/A | 34M+42.1% | 838,785 | 818,141 | N/A | 24M |
Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.
MSAIW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $33.3M+128.0% | $32.8M+100.0% | $35.5M+129.2% | $11.9M-37.2% | $14.6M-10.9% | $16.4M+16.3% | $15.5M-5.5% | $18.9M+6.4% |
| Current Assets | $29.1M+210.4% | $28.4M+154.2% | $30.9M+193.7% | $6.8M-52.4% | $9.4M+4.2% | $11.2M+23.1% | $10.5M-16.0% | $14.3M+36733.6% |
| Cash & Equivalents | $21.0M+558.1% | $22.6M+375.1% | $24.4M+459.1% | $1.1M-87.7% | $3.2M+1264.1% | $4.7M+866.8% | $4.4M+277.3% | $8.6M+30842.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $3.3M-23.5% | $3.8M-17.2% | $4.0M-3.8% | $4.3M+0.6% | $4.4M-31.1% | $4.6M-17.7% | $4.2M-39.7% | $4.3M |
| Accounts Receivable | $3.6M+306.7% | $1.2M+40.3% | $1.7M+99.3% | $760K-3.2% | $891K-14.1% | $848K+25.3% | $838K-65.7% | $785K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.9M-0.4% | $3.1M-11.0% | $3.4M+7.9% | $3.6M+9.5% | $4.9M-67.2% | $3.5M-72.6% | $3.2M-80.8% | $3.3M-83.9% |
| Current Liabilities | $4.0M-14.2% | $2.2M-34.3% | $2.6M-12.2% | $3.4M+9.9% | $4.7M-67.6% | $3.3M-69.0% | $3.0M-72.0% | $3.1M |
| Non-Current Liabilities | $811K+400.6% | $927K+448.5% | $794K+359.0% | $213K+4.4% | $162K-43.6% | $169K-91.5% | $173K-97.1% | $204K |
| Total Equity | $28.5M+192.2% | $29.7M+130.1% | $32.0M+160.7% | $8.3M-47.0% | $9.8M+528.3% | $12.9M+849.0% | $12.3M+4685.1% | $15.6M+688.0% |
| Retained Earnings | -$71.3M-14.2% | -$68.8M-16.5% | -$66.3M-21.4% | -$64.1M-24.1% | -$62.4M-43.6% | -$59.1M-59.4% | -$54.6M-64.9% | -$51.6M-1844.5% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
MSAIW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.4M-197.5% | -$1.7M+46.9% | -$2.2M+26.8% | -$1.8M+85.8% | -$804K-165.3% | -$3.2M-745.5% | -$3.1M-0.9% | -$12.7M-939.2% |
| Depreciation & Amortization | $360K+9.1% | $352K+25.7% | $347K+32.4% | $342K+11.4% | $330K+10.7% | $280K+2.6% | $262K+5.6% | $307K+37.7% |
| Stock-Based Compensation | $187K-55.8% | $182K-79.9% | N/A | $205K+606.9% | $423K-87.3% | $907K | N/A | $29K-67.4% |
| Capital Expenditures | $251K-49.2% | $121K-72.2% | $363K-66.0% | $339K-30.5% | $494K-8.7% | $435K-23.8% | $1.1M+819.8% | $488K+15.4% |
| Free Cash Flow | -$2.6M-103.6% | -$1.8M+49.9% | -$2.6M+37.0% | -$2.1M+83.8% | -$1.3M-53.8% | -$3.6M-4470.9% | -$4.1M-31.0% | -$13.2M-701.6% |
| Investing Cash Flow | -$251K+48.2% | -$101K+76.0% | -$363K+66.0% | -$339K+30.5% | -$485K+10.4% | -$420K+26.4% | -$1.1M-819.8% | -$488K-15.4% |
| Financing Cash Flow | $1.0M+493.2% | -$24K-100.6% | $25.9M+2590200.0% | -$36K-100.2% | -$266K-145.3% | $4.0M+781.2% | -$1K-100.0% | $21.6M+2058.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
MSAIW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.8%+22.2pp | 56.6%-2.7pp | 63.1%-12.5pp | 64.0%-2.7pp | 23.6%-51.1pp | 59.3%+10.7pp | 75.6% | 66.7%-3.1pp |
| Operating Margin | -153.4% | -160.7% | -171.6% | -107.6% | -233.8% | -394.6% | -199.6% | -541.5% |
| Net Margin | -145.1% | -153.1% | -164.1% | -106.5% | -234.1% | -379.2% | -213.2% | -511.6% |
| Return on Equity | -8.6%+25.4pp | -8.3%+26.0pp | -7.1%+17.2pp | -20.3%+32.2pp | -34.1%+377.9pp | -34.3%+253.8pp | -24.3% | -52.5% |
| Return on Assets | -7.4%+15.3pp | -7.5%+19.5pp | -6.4%+12.9pp | -14.1%+29.3pp | -22.7%+16.3pp | -27.0%+0.8pp | -19.3%+83.5pp | -43.4%-32.8pp |
| Current Ratio | 7.19+5.2x | 12.99+9.6x | 11.66+8.2x | 2.02-2.6x | 1.99+1.4x | 3.36+2.5x | 3.49+2.3x | 4.66 |
| Debt-to-Equity | 0.17-0.3x | 0.10-0.2x | 0.11-0.2x | 0.43+0.2x | 0.50+0.1x | 0.27-1.8x | 0.26 | 0.21 |
| Asset Turnover | 0.050.0x | 0.050.0x | 0.04-0.1x | 0.130.0x | 0.100.0x | 0.07-0.1x | 0.090.0x | 0.080.0x |
| FCF Margin | -155.9% | -112.1% | -187.3% | -136.1% | -91.5%-51.7pp | -308.6% | -294.6% | -823.2% |
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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| MultiSensor AI MSAIW | FY2025 | $5.6M | -$11.7M | N/A | N/A | 38/100 |
| PALLADYNE AI CORP PDYNW | FY2025 | $5.2M | $10.0M | N/A | N/A | 54/100 |
| Gorilla Technology Group Inc GRRRW | FY2024 | $74.7M | -$64.8M | -86.8% | N/A | 30/100 |
| Strategy STRC | FY2025 | $477.2M | -$3.8B | N/A | N/A | 40/100 |
| XBP Glo Hldg XBPEW | FY2024 | $872.7M | -$215.2M | -24.6% | N/A | 13/100 |
| Apptech Paym APCXW | FY2025 | $1.4M | -$7.9M | N/A | N/A | 41/100 |
Where MultiSensor AI Ranks
Frequently Asked Questions
What is MultiSensor AI's annual revenue?
MultiSensor AI (MSAIW) 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 (MSAIW) 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 (MSAIW) reported a net income of -$11.7M in fiscal year 2025.
What is MultiSensor AI's EBITDA?
MultiSensor AI (MSAIW) 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 (MSAIW) 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 (MSAIW) 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 (MSAIW) 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 (MSAIW) 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 (MSAIW) 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 (MSAIW) 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 (MSAIW) 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 (MSAIW) 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 (MSAIW) 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 Piotroski F-Score?
MultiSensor AI (MSAIW) has a Piotroski F-Score of 3 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 (MSAIW) 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 (MSAIW) scores 38 out of 100 on our Financial Health Score, indicating weak 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.