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MultiSensor AI Holdings, Inc. reported higher revenue but continued losses for the quarter and six months ended June 30, 2026. Net revenue grew to $1.7M for the quarter and $3.3M for six months, up 19% and 28% year over year, driven mainly by software subscriptions. Software revenue reached $1.4M for the first half, up 117%, while services revenue declined sharply after discontinuation of inspection and training offerings.
Operating loss narrowed to $2.6M for the quarter and $5.2M year-to-date, with lower SG&A and share-based compensation partly offset by higher depreciation tied to the MSAI Connect platform. Net loss improved to $4.9M for six months from $7.8M. Cash and cash equivalents were $21.0M, with $4.1M used in operating activities in the first half. Management believes current liquidity and expected operating cash flows are sufficient for at least 12 months, and has additional flexibility through a $60.0M at-the-market facility and outstanding 2025 warrants.
MultiSensor AI Holdings, Inc. reported results for the quarter ended June 30, 2026. Quarterly revenue was $1.7 million, up from $1.4 million a year earlier, while the company recorded a net loss of $2.5 million versus a $3.3 million loss in the prior-year quarter.
Operating expenses declined year over year, with total operating expenses at $3.4 million compared with $3.7 million, contributing to a narrower operating loss of $2.6 million. For the first six months of 2026, revenue was $3.3 million and the net loss was $4.9 million, improved from a $7.8 million loss in the same period of 2025.
Cash and cash equivalents were $21.0 million at June 30, 2026, down from $24.4 million at year-end, with net cash used in operating activities of $4.1 million in the first half. The company highlights growth in recurring software subscriptions and a leaner cost structure and notes that all share data reflect a 1-for-40 reverse stock split completed on April 13, 2026.
Nadolny Robert reported acquisition or exercise transactions in this Form 4 filing.
MultiSensor AI Holdings, Inc. granted its Chief Financial Officer, Robert Nadolny, 17,935 restricted stock units (RSUs) on July 16, 2026 under its 2023 Incentive Award Plan. Each RSU represents one share of common stock and vests in four equal installments on January 1 of 2027, 2028, 2029 and 2030. After this equity award, Nadolny reports 23,491 shares of common stock held directly, with all share amounts retroactively adjusted for the company’s 1-for-40 reverse stock split effective April 13, 2026.
MultiSensor AI Holdings, Inc. granted equity awards to directors and senior executives and amended change-in-control treatment of prior awards and employment agreements. Non-employee directors received a total of 11,214 RSUs for second-quarter 2026 service, which immediately vested into common shares, in transactions relying on exemptions under Rule 506 and/or Section 4(a)(2) of the Securities Act.
Effective July 16, 2026, CEO Asim Akram received 20,841 RSUs and 83,364 PSUs at target and CFO Robert Nadolny received 17,935 RSUs and 23,774 PSUs at target, plus additional 2025 PSU tranches. RSUs vest in four annual installments beginning January 1, 2027. PSUs vest, if at all, based on revenue for the year ending December 31, 2029, with a $31.5M threshold (50% payout) and $45.0M target (100% payout). Amendments provide that equity awards generally continue on their original schedules through a Change in Control but become fully vested if not assumed or upon certain terminations within 24 months afterward.
Akram Asim reported acquisition or exercise transactions in this Form 4 filing.
MultiSensor AI Holdings, Inc. Chief Executive Officer Akram Asim received a grant of 20,841 restricted stock units (RSUs) on July 16, 2026 under the 2023 Incentive Award Plan. The RSUs vest in four equal installments on January 1 of 2027, 2028, 2029 and 2030. Following this award, Asim directly holds 25,201 split-adjusted securities, reflecting the company’s 1-for-40 reverse stock split effective April 13, 2026.
MultiSensor AI Holdings, Inc. reported updated holdings for investment entities affiliated with 325 Capital and director designee Daniel M. Friedberg. Friedberg was granted 3,738 shares of common stock at $0.0000 per share as a director award, increasing his direct holdings to 9,872 shares, which he holds on behalf of 325 or its affiliates under a pre-existing arrangement.
Indirectly, 325 Capital LLC is shown with 543,697 common shares and warrants linked to 1,881,339 underlying shares, while 325 Capital Master Fund LP is shown with 121,081 common shares and warrants linked to 459,797 underlying shares, all at an exercise price of $5.98 per share. The warrants are exercisable from the date of stockholder approval for five years and are subject to a 49.5% Maximum Ownership Limitation, with a mechanism to receive Series A convertible preferred stock instead of common stock if the cap would be exceeded.
KITSOS PETROS reported acquisition or exercise transactions in this Form 4 filing.
MultiSensor AI Holdings, Inc. director Petros Kitsos received an equity award in the form of restricted stock units. On June 30, 2026, he was granted 1,869 RSUs, each representing one share of common stock, which vested in full on the grant date. After this award, he directly holds 5,287 shares of common stock. The share numbers reflect a previously effected 1-for-40 reverse stock split of the company’s outstanding common stock.
Gow David reported acquisition or exercise transactions in this Form 4 filing.
MultiSensor AI Holdings, Inc. director David Gow received an equity grant rather than buying shares on the market. On June 30, 2026, he was granted 1,869 restricted stock units (RSUs), each representing one share of common stock, under the company’s 2023 Incentive Award Plan. The RSUs vested in full on the grant date, so they immediately became share-deliverable awards at no cash cost to Gow, reflected by a transaction price of $0.00 per share. Following this grant, his direct holdings increased to 22,974 shares of common stock. All share amounts in the filing have been retroactively adjusted for the company’s 1-for-40 reverse stock split of outstanding common stock that was effected on April 13, 2026.
Flavin Stuart V reported acquisition or exercise transactions in this Form 4 filing.
MultiSensor AI Holdings director receives stock award. Director Flavin Stuart V was granted 1,869 restricted stock units, each equal to one share of common stock, under the company’s 2023 Incentive Award Plan. The RSUs vested in full on the grant date, bringing his direct holdings to 5,621 shares after a prior 1-for-40 reverse stock split adjustment.
Chu Margaret M reported acquisition or exercise transactions in this Form 4 filing.
MultiSensor AI Holdings director Margaret M. Chu reported receiving a grant of 1,869 shares of Common Stock on June 30, 2026. The award was delivered as restricted stock units under the company’s 2023 Incentive Award Plan, with all RSUs vesting in full on the grant date.
After this equity grant, Chu directly owns 5,287 shares of MultiSensor AI Holdings common stock. The share amounts disclosed have been retroactively adjusted to reflect the company’s 1-for-40 reverse stock split of outstanding common shares that was effected on April 13, 2026.