Every 10-Q that MultiSensor AI Holdings, Inc. (MSAI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MSAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MSAI filings page.
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 higher revenue but continued losses for the quarter ended March 31, 2026. Revenue rose to $1.6 million from $1.2 million, driven by strong growth in software sales of the MSAI Connect platform and higher hardware revenue, partially offset by lower services revenue after discontinuing inspection and training services.
Operating loss narrowed to $2.6 million from $4.6 million, as selling, general and administrative costs and share-based compensation declined, while depreciation increased with continued software investment. Net loss improved to $2.5 million, compared with $4.4 million a year earlier, and Adjusted EBITDA was a loss of $2.1 million.
The company ended the quarter with $22.6 million in cash, cash equivalents and restricted cash and used $1.7 million in operating cash flow. Management believes current liquidity and projected operating cash flows are sufficient for at least the next 12 months. During the period, MultiSensor AI completed a 1-for-40 reverse stock split, adjusted multiple warrant series and established a new at-the-market program allowing up to $60 million of future common stock sales.
MultiSensor AI (MSAI) reported Q3 2025 results and highlighted substantial doubt about its ability to continue as a going concern. Revenue was $1.574 million, near flat year over year, with a net loss of $1.677 million. Cash and equivalents were $1.064 million at quarter-end.
Mix continued to shift toward software: Q3 software revenue reached $615 thousand and year-to-date software was $1.266 million. Selling, general and administrative expense fell to $2.164 million from $6.098 million, helping narrow the operating loss to $1.694 million from $8.675 million. Year to date, revenue was $4.163 million, down from $6.002 million, and operating cash used was $5.783 million.
After quarter-end, the company raised capital via a private placement for an aggregate $14.0 million gross, with $2.85 million closed initially and $11.15 million placed in escrow pending stockholder approval. It also completed a registered direct offering for net proceeds of approximately $13.6 million, with pre-funded warrants fully exercised.