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MultiSensor AI (MSAI) Financials

MultiSensor AI logo
$5.23 -0.09 (-1.69%)
Closing price 07/20/2026 04:00 PM Eastern
Extended Trading
$4.95 -0.28 (-5.35%)
As of 07:08 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for MultiSensor AI

Annual Income Statements for MultiSensor AI

This table shows MultiSensor AI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -13 -22 -21 -12
Consolidated Net Income / (Loss)		 -13 -22 -21 -12
Net Income / (Loss) Continuing Operations		 -13 -22 -21 -12
Total Pre-Tax Income 		-12 -22 -22 -12
Total Operating Income		 -12 -21 -19 -12
Total Gross Profit		 2.30 3.13 4.82 2.91
Total Revenue		 7.27 5.43 7.40 5.55
Operating Revenue		 7.27 5.43 7.40 5.55
Total Cost of Revenue		 4.96 2.30 2.58 2.64
Operating Cost of Revenue		 4.96 2.30 2.58 2.64
Total Operating Expenses		 14 25 24 15
Selling, General & Admin Expense		 14 8.04 17 11
Depreciation Expense		 0.56 0.87 1.14 1.30
Other Operating Expenses / (Income)		 0.16 14 3.38 1.67
Impairment Charge		 - 1.69 2.27 0.51
Other Special Charges / (Income)		 - -0.06 0.32 -0.03
Total Other Income / (Expense), net		 -0.07 -0.58 -3.08 0.27
Interest Expense		 0.12 1.74 1.55 0.00
Interest & Investment Income		 - - -0.06 0.08
Other Income / (Expense), net		 0.05 1.15 -1.46 0.19
Income Tax Expense		 1.21 0.21 -0.47 -0.03
Basic Earnings per Share		 ($2.51) ($3.56) ($1.07) ($0.31)
Weighted Average Basic Shares Outstanding		 5.29M 6.26M 20.12M 37.35M
Diluted Earnings per Share		 ($2.51) ($3.56) ($1.07) ($0.31)
Weighted Average Diluted Shares Outstanding		 5.29M 6.26M 20.12M 37.35M
Weighted Average Basic & Diluted Shares Outstanding		 15.05M 11.96M 32.96M 80.49M

Quarterly Income Statements for MultiSensor AI

This table shows MultiSensor AI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -1.88 -17 -3.92 -6.39 -8.20 -2.99 -4.44 -3.32 -1.68 -2.28 -2.47
Consolidated Net Income / (Loss)		 -1.88 -17 -3.92 -6.39 -8.20 -2.99 -4.44 -3.32 -1.68 -2.28 -2.47
Net Income / (Loss) Continuing Operations		 -1.88 -17 -3.92 -6.39 -8.20 -2.99 -4.44 -3.32 -1.68 -2.28 -2.47
Total Pre-Tax Income 		-1.88 -17 -3.89 -6.38 -8.59 -3.10 -4.43 -3.31 -1.69 -2.32 -2.44
Total Operating Income		 -2.11 -13 -2.57 -4.85 -8.68 -2.79 -4.62 -3.32 -1.69 -2.38 -2.59
Total Gross Profit		 1.05 2.18 1.11 1.59 1.07 1.06 0.69 0.34 1.01 0.88 0.91
Total Revenue		 1.50 1.61 2.28 2.13 1.60 1.40 1.17 1.42 1.57 1.39 1.61
Operating Revenue		 1.50 1.61 2.28 2.13 1.60 1.40 1.17 1.42 1.57 1.39 1.61
Total Cost of Revenue		 0.45 -0.57 1.17 0.54 0.53 0.34 0.48 1.08 0.57 0.51 0.70
Operating Cost of Revenue		 0.45 -0.57 1.17 0.54 0.53 0.34 0.48 1.08 0.57 0.51 0.70
Total Operating Expenses		 3.16 15 3.67 6.43 9.74 3.85 5.31 3.65 2.70 3.26 3.51
Selling, General & Admin Expense		 2.85 -0.56 3.16 2.81 7.03 3.58 4.14 2.91 2.16 2.27 2.99
Depreciation Expense		 0.22 0.25 0.27 0.30 0.31 0.26 0.28 0.33 0.34 0.35 0.35
Other Operating Expenses / (Income)		 0.09 - 0.00 3.33 0.03 0.03 0.91 0.42 0.21 0.13 0.18
Other Special Charges / (Income)		 -0.00 - 0.00 0.00 0.34 -0.02 -0.02 -0.01 -0.01 - -0.02
Total Other Income / (Expense), net		 0.23 -3.59 -1.33 -1.53 0.09 -0.30 0.19 0.01 0.01 0.07 0.16
Interest & Investment Income		 - - -0.00 -0.06 0.00 0.00 0.00 0.01 0.01 0.06 0.16
Other Income / (Expense), net		 0.27 -1.96 -0.45 -0.97 0.09 -0.13 0.19 -0.01 0.00 0.01 0.00
Income Tax Expense		 -0.01 0.22 0.03 0.01 -0.40 -0.11 0.01 0.01 -0.01 -0.04 0.03
Basic Earnings per Share		 ($3.48) $6.78 ($0.33) ($0.47) ($0.34) $0.07 ($5.42) ($0.10) ($0.05) ($0.02) ($1.23)
Weighted Average Basic Shares Outstanding		 539.27K 6.26M 11.97M 13.68M 24.27M 20.12M 818.14K 33.55M 34.50M 37.35M 2.01M
Diluted Earnings per Share		 ($3.48) $6.78 ($0.33) ($0.47) ($0.34) $0.07 ($5.42) ($0.10) ($0.05) ($0.02) ($1.23)
Weighted Average Diluted Shares Outstanding		 539.27K 6.26M 11.97M 13.68M 24.27M 20.12M 818.14K 33.55M 34.50M 37.35M 2.01M
Weighted Average Basic & Diluted Shares Outstanding		 5.18M 11.96M 13.75M 23.83M 30.44M 32.96M 33.44M 34.57M 52.54M 80.49M 2.02M

Annual Cash Flow Statements for MultiSensor AI

This table details how cash moves in and out of MultiSensor AI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -2.72 0.50 3.35 20
Net Cash From Operating Activities		 -3.17 -4.55 -16 -8.02
Net Cash From Continuing Operating Activities		 -3.17 -4.55 -16 -8.15
Net Income / (Loss) Continuing Operations		 -13 -22 -21 -12
Consolidated Net Income / (Loss)		 -13 -22 -21 -12
Depreciation Expense		 0.56 0.87 1.14 1.30
Non-Cash Adjustments To Reconcile Net Income		 2.26 19 9.43 2.02
Changes in Operating Assets and Liabilities, net		 7.30 -1.80 -4.64 0.24
Net Cash From Investing Activities		 -1.60 -1.51 -2.67 -1.61
Net Cash From Continuing Investing Activities		 -1.60 -1.51 -2.67 -1.61
Purchase of Property, Plant & Equipment		 -1.60 -1.54 -2.67 -1.63
Sale of Property, Plant & Equipment		 0.00 0.03 0.00 0.02
Net Cash From Financing Activities		 2.05 6.56 22 30
Net Cash From Continuing Financing Activities		 2.05 6.56 22 30
Repayment of Debt		 -1.50 -1.03 -1.20 -0.17
Issuance of Common Equity		 - 6.29 23 31
Other Financing Activities, net		 0.00 -2.34 0.00 -1.12
Cash Interest Paid		 0.03 0.05 0.06 0.00
Cash Income Taxes Paid		 0.03 0.01 2.33 0.07

Quarterly Cash Flow Statements for MultiSensor AI

This table details how cash moves in and out of MultiSensor AI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.65 0.64 -0.66 -0.26 8.40 -4.13 0.39 -1.56 -2.18 23 -1.81
Net Cash From Operating Activities		 -1.22 -3.03 0.49 -0.30 -13 -3.06 -3.18 -0.80 -1.80 -2.24 -1.69
Net Cash From Continuing Operating Activities		 -1.22 -3.03 0.49 -0.30 -13 -3.06 -3.18 -0.80 -1.80 -2.37 -1.69
Net Income / (Loss) Continuing Operations		 -1.88 -17 -3.92 -6.39 -8.19 -2.99 -4.44 -3.32 -1.68 -2.28 -2.47
Consolidated Net Income / (Loss)		 -1.88 -17 -3.92 -6.39 -8.19 -2.99 -4.44 -3.32 -1.68 -2.28 -2.47
Depreciation Expense		 0.22 0.25 0.27 0.30 0.31 0.26 0.28 0.33 0.34 0.35 0.35
Non-Cash Adjustments To Reconcile Net Income		 -0.07 17 1.33 4.63 2.36 1.11 0.93 0.38 0.31 0.41 0.18
Changes in Operating Assets and Liabilities, net		 0.50 -3.83 2.82 1.16 -7.18 -1.45 0.05 1.81 -0.77 -0.85 0.25
Net Cash From Investing Activities		 -0.42 -0.12 -0.57 -0.54 -0.49 -1.07 -0.42 -0.49 -0.34 -0.36 -0.10
Net Cash From Continuing Investing Activities		 -0.42 -0.12 -0.57 -0.54 -0.49 -1.07 -0.42 -0.49 -0.34 -0.36 -0.10
Purchase of Property, Plant & Equipment		 -0.42 -0.12 -0.57 -0.54 -0.49 -1.07 -0.44 -0.49 -0.34 -0.36 -0.12
Sale of Property, Plant & Equipment		 - - 0.00 - - - 0.02 0.01 - - 0.02
Net Cash From Financing Activities		 1.00 3.79 -0.59 0.59 22 -0.00 3.99 -0.27 -0.04 26 -0.02
Net Cash From Continuing Financing Activities		 1.00 3.79 -0.59 0.59 22 -0.00 3.99 -0.27 -0.04 26 -0.02
Repayment of Debt		 - -0.93 -0.59 0.03 -0.64 - -0.17 - - - 0.00
Issuance of Common Equity		 - 6.29 - - 22 -0.00 4.66 - 0.03 26 0.00
Other Financing Activities, net		 - - 0.00 - - - -0.50 -0.35 -0.07 -0.20 -0.02
Cash Income Taxes Paid		 - - 0.00 - 2.33 - 0.11 - - -0.04 0.01

Annual Balance Sheets for MultiSensor AI

This table presents MultiSensor AI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 119 17 16 15 35
Total Current Assets		 1.32 15 13 11 31
Cash & Equivalents		 0.93 0.65 1.16 4.36 24
Accounts Receivable		 - 1.51 2.44 0.84 1.67
Inventories, net		 - 9.63 6.93 4.18 4.02
Other Current Assets		 - 3.08 1.99 1.14 0.83
Plant, Property, & Equipment, net		 0.00 2.43 3.08 3.96 4.09
Total Noncurrent Assets		 117 0.11 0.78 1.00 0.51
Other Noncurrent Operating Assets		 117 0.11 0.78 1.00 0.51
Total Liabilities & Shareholders' Equity		 119 17 16 15 35
Total Liabilities		 0.20 26 17 3.19 3.44
Total Current Liabilities		 0.02 7.00 11 3.02 2.65
Accounts Payable		 0.02 1.36 2.63 0.83 0.29
Accrued Expenses		 - 2.56 3.54 1.10 0.98
Current Deferred Revenue		 - - 1.94 0.48 1.26
Current Deferred & Payable Income Tax Liabilities		 0.00 0.51 0.99 0.06 0.00
Other Current Liabilities		 - 0.61 0.25 0.38 0.12
Total Noncurrent Liabilities		 0.18 19 5.88 0.17 0.79
Noncurrent Deferred Revenue		 - - 0.12 0.08 0.75
Noncurrent Deferred & Payable Income Tax Liabilities		 0.00 0.09 0.02 0.08 0.03
Other Noncurrent Operating Liabilities		 0.18 19 0.05 0.01 0.01
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1.24 -8.21 -0.27 12 32
Total Preferred & Common Equity		 1.24 -8.21 -0.27 12 32
Preferred Stock		 0.00 - - - 0.00
Total Common Equity		 1.24 -8.21 -0.27 12 32
Common Stock		 1.65 2.65 33 67 98
Retained Earnings		 -0.41 -11 -33 -55 -66

Quarterly Balance Sheets for MultiSensor AI

This table presents MultiSensor AI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 18 14 16 19 16 15 12 33
Total Current Assets		 0.04 9.09 9.00 14 11 9.38 6.81 28
Cash & Equivalents		 0.03 0.49 0.23 8.63 4.75 3.19 1.06 23
Accounts Receivable		 - 0.68 1.04 0.79 0.85 0.89 0.76 1.19
Inventories, net		 - 5.56 6.32 4.26 4.58 4.36 4.29 3.79
Other Current Assets		 - 2.31 1.35 0.17 1.01 0.94 0.70 0.91
Plant, Property, & Equipment, net		 0.00 3.38 3.63 3.46 4.26 4.48 4.27 3.86
Total Noncurrent Assets		 18 1.64 3.79 1.11 0.97 0.77 0.79 0.53
Other Noncurrent Operating Assets		 18 1.64 3.79 1.11 0.97 0.77 0.79 0.53
Total Liabilities & Shareholders' Equity		 18 14 16 19 16 15 12 33
Total Liabilities		 2.87 13 15 3.28 3.50 4.88 3.59 3.12
Total Current Liabilities		 0.32 11 15 3.08 3.33 4.72 3.38 2.19
Accounts Payable		 - 4.22 1.13 0.76 1.37 1.27 0.73 0.43
Accrued Expenses		 - 2.26 9.05 1.02 1.56 1.05 0.82 0.82
Current Deferred Revenue		 - 0.92 0.78 0.69 0.22 2.22 1.68 0.89
Current Deferred & Payable Income Tax Liabilities		 0.04 2.56 2.50 0.17 0.00 0.00 0.00 0.00
Other Current Liabilities		 0.28 0.19 0.48 0.43 0.18 0.18 0.16 0.05
Total Noncurrent Liabilities		 2.55 2.00 0.29 0.18 0.17 0.16 0.21 0.93
Noncurrent Deferred Revenue		 - 0.24 0.23 0.10 0.07 0.06 0.13 0.85
Noncurrent Deferred & Payable Income Tax Liabilities		 0.00 0.05 0.05 0.07 0.09 0.09 0.07 0.06
Other Noncurrent Operating Liabilities		 1.57 0.02 0.01 0.01 0.01 0.01 0.01 0.01
Commitments & Contingencies		 0.00 - 0.00 0.00 - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -2.66 1.36 1.55 16 13 9.75 8.28 30
Total Preferred & Common Equity		 -2.66 1.36 1.55 16 13 9.75 8.28 30
Preferred Stock		 0.00 - - - - - - 0.00
Total Common Equity		 -2.66 1.36 1.55 16 13 9.75 8.28 30
Common Stock		 0.00 38 45 67 72 72 72 99
Retained Earnings		 -2.66 -37 -43 -52 -59 -62 -64 -69

Annual Metrics And Ratios for MultiSensor AI

This table displays calculated financial ratios and metrics derived from MultiSensor AI's official financial filings.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 15,050,000.00 5,184,944.00 30,441,203.00 52,537,883.00
DEI Adjusted Shares Outstanding		 15,050,000.00 5,184,944.00 761,030.00 1,313,447.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.88 -4.29 -28.24 -8.92
Growth Metrics		 - - - -
Revenue Growth		 0.00% -25.29% 36.32% -25.01%
EBITDA Growth		 0.00% -70.50% 1.27% 45.20%
EBIT Growth		 0.00% -69.79% -0.10% 41.89%
NOPAT Growth		 0.00% -78.71% 12.09% 36.39%
Net Income Growth		 0.00% -67.55% 3.47% 45.51%
EPS Growth		 0.00% -41.83% 69.94% 71.03%
Operating Cash Flow Growth		 0.00% -43.56% -242.06% 48.48%
Free Cash Flow Firm Growth		 0.00% 0.00% 43.33% 49.06%
Invested Capital Growth		 0.00% 182.00% 42.92% -5.37%
Revenue Q/Q Growth		 0.00% -51.01% -2.81% -0.22%
EBITDA Q/Q Growth		 0.00% 1.12% 38.61% 5.72%
EBIT Q/Q Growth		 0.00% -3.32% 37.23% 4.47%
NOPAT Q/Q Growth		 0.00% -9.18% 35.15% 3.32%
Net Income Q/Q Growth		 0.00% -19.77% 39.18% 5.69%
EPS Q/Q Growth		 0.00% 72.25% -118.97% -40.91%
Operating Cash Flow Q/Q Growth		 0.00% -10.83% -0.17% 9.28%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -35.46% 10.45%
Invested Capital Q/Q Growth		 0.00% -64.20% 15.61% 6.26%
Profitability Metrics		 - - - -
Gross Margin		 31.70% 57.70% 65.12% 52.48%
EBITDA Margin		 -156.98% -358.23% -259.44% -189.57%
Operating Margin		 -165.36% -395.52% -255.08% -216.38%
EBIT Margin		 -164.69% -374.29% -274.84% -212.97%
Profit (Net Income) Margin		 -182.86% -410.09% -290.39% -211.01%
Tax Burden Percent		 109.97% 100.94% 97.88% 99.73%
Interest Burden Percent		 100.96% 108.54% 107.94% 99.35%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% -191.95% -106.64%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -1,137.50% -83.48%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -165.70% 53.78%
Return on Equity (ROE)		 -24.09% 525.37% -357.65% -52.86%
Cash Return on Invested Capital (CROIC)		 0.00% -487.14% -227.28% -101.12%
Operating Return on Assets (OROA)		 -17.58% -120.14% -127.75% -46.40%
Return on Assets (ROA)		 -19.52% -131.63% -134.98% -45.98%
Return on Common Equity (ROCE)		 1.52% 525.37% -357.65% -52.86%
Return on Equity Simple (ROE_SIMPLE)		 161.90% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -8.41 -15 -13 -8.41
NOPAT Margin		 -115.75% -276.87% -178.56% -151.46%
Net Nonoperating Expense Percent (NNEP)		 376.34% 200.03% 945.55% -23.15%
Return On Investment Capital (ROIC_SIMPLE)		 - -220.31% -106.07% -26.25%
Cost of Revenue to Revenue		 68.30% 42.30% 34.88% 47.52%
SG&A Expenses to Revenue		 187.20% 148.14% 224.06% 206.85%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 197.06% 453.22% 320.20% 268.85%
Earnings before Interest and Taxes (EBIT)		 -12 -20 -20 -12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -11 -19 -19 -11
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 4.56 0.47
Price to Tangible Book Value (P/TBV)		 0.00 0.00 4.56 0.47
Price to Revenue (P/Rev)		 21.13 3.20 7.57 2.73
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 4.11 6.40 0.00
Enterprise Value to Revenue (EV/Rev)		 21.31 4.29 7.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 -0.24 -26.46 0.01 0.00
Long-Term Debt to Equity		 0.00 -21.25 0.00 0.00
Financial Leverage		 -0.16 -0.85 0.15 -0.64
Leverage Ratio		 1.23 -3.99 2.65 1.15
Compound Leverage Factor		 1.25 -4.33 2.86 1.14
Debt to Total Capital		 -31.16% 103.93% 1.38% 0.00%
Short-Term Debt to Total Capital		 -31.16% 20.47% 1.38% 0.00%
Long-Term Debt to Total Capital		 0.00% 83.46% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 131.16% -3.93% 98.62% 100.00%
Debt to EBITDA		 -0.17 -0.36 -0.01 0.00
Net Debt to EBITDA		 -0.11 -0.31 0.22 0.00
Long-Term Debt to EBITDA		 0.00 -0.29 0.00 0.00
Debt to NOPAT		 -0.23 -0.47 -0.01 0.00
Net Debt to NOPAT		 -0.15 -0.39 0.32 0.00
Long-Term Debt to NOPAT		 0.00 -0.38 0.00 0.00
Altman Z-Score		 1.42 -5.84 2.32 0.03
Noncontrolling Interest Sharing Ratio		 106.32% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Current Ratio		 2.13 1.16 3.49 11.66
Quick Ratio		 0.31 0.33 1.72 9.83
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -28 -16 -7.97
Operating Cash Flow to CapEx		 -198.13% -300.99% -583.69% -499.07%
Free Cash Flow to Firm to Interest Expense		 0.00 -15.91 -10.08 0.00
Operating Cash Flow to Interest Expense		 -27.57 -2.62 -10.02 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -41.48 -3.49 -11.74 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.11 0.32 0.46 0.22
Accounts Receivable Turnover		 0.00 2.75 4.52 4.43
Inventory Turnover		 0.00 0.28 0.46 0.64
Fixed Asset Turnover		 0.00 1.97 2.10 1.38
Accounts Payable Turnover		 7.17 1.15 1.49 4.73
Days Sales Outstanding (DSO)		 0.00 132.69 80.82 82.46
Days Inventory Outstanding (DIO)		 0.00 1,316.03 785.27 567.29
Days Payable Outstanding (DPO)		 50.90 317.01 244.21 77.21
Cash Conversion Cycle (CCC)		 -50.90 1,131.71 621.89 572.54
Capital & Investment Metrics		 - - - -
Invested Capital		 -6.91 5.67 8.10 7.67
Invested Capital Turnover		 -1.05 -8.73 1.08 0.70
Increase / (Decrease) in Invested Capital		 0.00 13 2.43 -0.44
Enterprise Value (EV)		 155 23 52 -9.23
Market Capitalization		 154 17 56 15
Book Value per Share		 ($0.55) ($0.05) $0.40 $0.61
Tangible Book Value per Share		 ($0.55) ($0.05) $0.40 $0.61
Total Capital		 -6.26 6.82 12 32
Total Debt		 1.95 7.09 0.17 0.00
Total Long-Term Debt		 0.00 5.70 0.00 0.00
Net Debt		 1.30 5.94 -4.19 -24
Capital Expenditures (CapEx)		 1.60 1.51 2.67 1.61
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 9.23 2.00 3.31 3.87
Debt-free Net Working Capital (DFNWC)		 9.88 3.15 7.67 28
Net Working Capital (NWC)		 7.93 1.76 7.50 28
Net Nonoperating Expense (NNE)		 4.88 7.23 8.28 3.31
Net Nonoperating Obligations (NNO)		 1.30 5.94 -4.19 -24
Total Depreciation and Amortization (D&A)		 0.56 0.87 1.14 1.30
Debt-free, Cash-free Net Working Capital to Revenue		 126.94% 36.80% 44.76% 69.68%
Debt-free Net Working Capital to Revenue		 135.94% 58.07% 103.63% 508.61%
Net Working Capital to Revenue		 109.11% 32.34% 101.31% 508.61%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 ($3.56) ($42.80) ($12.40)
Adjusted Weighted Average Basic Shares Outstanding		 15.05M 6.26M 502.98K 933.72K
Adjusted Diluted Earnings per Share		 $0.00 ($3.56) ($42.80) ($12.40)
Adjusted Weighted Average Diluted Shares Outstanding		 15.05M 6.26M 502.98K 933.72K
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.05M 11.96M 823.94K 2.01M
Normalized Net Operating Profit after Tax (NOPAT)		 -8.41 -14 -11 -8.07
Normalized NOPAT Margin		 -115.75% -255.82% -154.02% -145.44%
Pre Tax Income Margin		 -166.28% -406.26% -296.68% -211.58%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 -104.09 -11.71 -13.10 0.00
NOPAT to Interest Expense		 -73.15 -8.66 -8.51 0.00
EBIT Less CapEx to Interest Expense		 -118.00 -12.58 -14.82 0.00
NOPAT Less CapEx to Interest Expense		 -87.07 -9.53 -10.23 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for MultiSensor AI

This table displays calculated financial ratios and metrics derived from MultiSensor AI's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 5,184,944.00 5,184,944.00 11,956,823.00 13,753,147.00 23,829,805.00 30,441,203.00 32,957,641.00 33,436,250.00 34,574,485.00 52,537,883.00 80,491,889.00
DEI Adjusted Shares Outstanding		 5,184,944.00 5,184,944.00 11,956,823.00 13,753,147.00 23,829,805.00 761,030.00 823,941.00 33,436,250.00 34,574,485.00 1,313,447.00 2,012,297.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.36 -3.25 -0.33 -0.46 -0.34 -3.92 -5.38 -0.10 -0.05 -1.73 -1.23
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -77.79% 132.14% 58.94% 6.87% -13.26% -48.57% -33.22% -1.75% -0.86% 37.95%
EBITDA Growth		 -539.09% -31.38% -1.71% -1,304.07% -410.35% 81.92% -51.64% 45.76% 83.69% 23.94% 46.03%
EBIT Growth		 -626.90% -33.59% -4.84% -847.23% -365.33% 80.48% -47.19% 42.86% 80.29% 18.89% 41.49%
NOPAT Growth		 -808.33% -16.09% 19.24% -53.34% -310.75% 78.55% -80.00% 31.55% 80.47% 14.75% 43.82%
Net Income Growth		 -1,118.44% -27.94% -34.92% -879.02% -337.07% 82.27% -13.11% 48.04% 79.54% 23.69% 44.30%
EPS Growth		 -17,500.00% 372.29% 94.16% 61.16% 90.23% -98.97% -13.11% 78.72% 85.29% -128.57% 44.30%
Operating Cash Flow Growth		 -554.46% -17.19% 217.70% -352.50% -939.20% -0.86% -745.53% -165.35% 85.80% 26.82% 46.85%
Free Cash Flow Firm Growth		 185.42% 0.00% 3,253.30% -89.48% -97.27% 79.78% -107.21% -166.05% -150.56% 71.92% 90.10%
Invested Capital Growth		 -86.59% 182.00% -97.33% -87.62% -55.74% 42.92% 157.13% 234.64% 2.95% -5.37% -12.27%
Revenue Q/Q Growth		 12.12% 7.67% 40.95% -6.59% -24.61% -12.61% -16.43% 21.28% 10.92% -11.82% 16.28%
EBITDA Q/Q Growth		 -312.98% -808.44% 81.43% -101.53% -50.11% 67.83% -55.80% 27.91% 54.86% -50.04% -10.56%
EBIT Q/Q Growth		 -200.65% -712.13% 79.92% -93.16% -47.70% 65.93% -51.42% 25.02% 49.05% -40.22% -9.22%
NOPAT Q/Q Growth		 33.19% -516.86% 80.31% -88.97% -78.98% 67.79% -65.25% 28.14% 48.95% -40.61% -8.90%
Net Income Q/Q Growth		 -187.14% -797.76% 76.70% -63.00% -28.19% 63.58% -48.61% 25.11% 49.52% -35.84% -8.47%
EPS Q/Q Growth		 -187.60% 294.83% -104.87% -42.42% 27.66% 120.59% -48.61% 28.57% 50.00% 60.00% -8.47%
Operating Cash Flow Q/Q Growth		 -1,118.33% -148.04% 116.23% -161.59% -4,091.09% 75.93% -3.89% 74.69% -124.25% -24.07% 24.54%
Free Cash Flow Firm Q/Q Growth		 1.11% -121.54% 625.74% -90.82% -73.71% -259.31% -87.38% 15.84% 79.88% 11.52% 33.97%
Invested Capital Q/Q Growth		 0.02% -64.20% -43.96% -38.31% 257.55% 15.61% 0.83% -19.71% 10.00% 6.26% -6.52%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 69.85% 135.01% 48.57% 74.68% 66.73% 75.64% 59.32% 23.61% 64.04% 63.11% 56.63%
EBITDA Margin		 -108.27% -913.51% -120.35% -259.67% -517.04% -190.36% -354.87% -210.92% -85.83% -146.04% -138.85%
Operating Margin		 -140.89% -807.19% -112.75% -228.09% -541.51% -199.57% -394.62% -233.83% -107.62% -171.61% -160.72%
EBIT Margin		 -123.15% -928.87% -132.35% -273.69% -536.20% -209.07% -378.80% -234.18% -107.56% -171.04% -160.66%
Profit (Net Income) Margin		 -125.08% -1,042.94% -172.40% -300.85% -511.55% -213.21% -379.15% -234.11% -106.54% -164.12% -153.10%
Tax Burden Percent		 99.58% 101.32% 100.80% 100.19% 95.40% 96.35% 100.18% 100.30% 99.35% 98.32% 101.35%
Interest Burden Percent		 102.00% 110.82% 129.23% 109.71% 100.00% 105.84% 99.91% 99.67% 99.70% 97.60% 94.02%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -16.33% 0.00% -8.68% -134.85% -252.76% -150.18% -306.61% -214.84% -58.93% -84.58% -87.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 -147.24% 0.00% -244.70% -1,533.35% -197.28% -267.74% -224.45% -143.05% -48.77% -80.30% -83.16%
Return on Net Nonoperating Assets (RNNOA)		 -0.67% 0.00% -3.66% -37.89% 49.50% -39.00% 46.08% 35.23% 19.74% 51.73% 53.25%
Return on Equity (ROE)		 -17.00% 525.37% -12.34% -172.74% -203.26% -189.18% -260.54% -179.61% -39.19% -32.85% -34.71%
Cash Return on Invested Capital (CROIC)		 0.00% -487.14% 165.71% -21.52% -101.15% -227.28% -346.29% -426.85% -125.19% -101.12% -78.11%
Operating Return on Assets (OROA)		 -20.01% -298.16% -13.28% -121.18% -222.91% -97.18% -156.27% -84.36% -38.90% -37.27% -39.11%
Return on Assets (ROA)		 -20.33% -334.77% -17.30% -133.20% -212.66% -99.10% -156.41% -84.34% -38.53% -35.76% -37.27%
Return on Common Equity (ROCE)		 0.25% 525.37% -0.10% -2.20% -86.37% -189.18% -260.54% -179.61% -39.19% -32.85% -34.71%
Return on Equity Simple (ROE_SIMPLE)		 700.17% 0.00% -1,710.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.48 -9.12 -1.80 -3.39 -6.07 -1.96 -3.23 -2.32 -1.19 -1.67 -1.82
NOPAT Margin		 -98.63% -565.03% -78.92% -159.67% -379.06% -139.70% -276.23% -163.68% -75.34% -120.13% -112.50%
Net Nonoperating Expense Percent (NNEP)		 130.92% 213.28% 236.01% 1,398.51% -55.48% 117.56% -82.16% -71.80% -10.16% -4.28% -4.80%
Return On Investment Capital (ROIC_SIMPLE)		 - -133.64% -48.95% -154.64% -38.89% -15.70% -25.02% -23.82% -14.32% -5.21% -6.11%
Cost of Revenue to Revenue		 30.15% -35.01% 51.43% 25.32% 33.27% 24.36% 40.68% 76.39% 35.96% 36.89% 43.37%
SG&A Expenses to Revenue		 189.99% -34.76% 139.03% 132.24% 438.70% 256.00% 353.76% 205.00% 137.48% 163.54% 185.19%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 210.74% 942.19% 161.32% 302.78% 608.24% 275.21% 453.93% 257.43% 171.66% 234.73% 217.35%
Earnings before Interest and Taxes (EBIT)		 -1.85 -15 -3.01 -5.82 -8.59 -2.93 -4.43 -3.32 -1.69 -2.37 -2.59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.62 -15 -2.74 -5.52 -8.28 -2.67 -4.15 -2.99 -1.35 -2.03 -2.24
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 19.85 14.53 3.30 4.56 2.37 2.05 2.69 0.47 0.63
Price to Tangible Book Value (P/TBV)		 0.00 0.00 19.85 14.53 3.30 4.56 2.37 2.05 2.69 0.47 0.63
Price to Revenue (P/Rev)		 5.00 3.20 4.02 3.00 6.76 7.57 4.87 3.58 4.01 2.73 3.10
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 4.67 4.11 9.08 11.72 6.11 6.40 3.17 2.56 2.94 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 6.67 4.29 4.29 3.06 5.62 7.00 4.11 3.01 3.82 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.07 -26.46 1.70 0.41 0.00 0.01 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.07 -21.25 1.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.85 0.02 0.02 -0.25 0.15 -0.21 -0.25 -0.40 -0.64 -0.64
Leverage Ratio		 1.02 -3.99 1.11 1.95 1.20 2.65 2.14 2.75 1.29 1.15 1.16
Compound Leverage Factor		 1.04 -4.42 1.44 2.14 1.20 2.80 2.14 2.74 1.28 1.12 1.09
Debt to Total Capital		 6.19% 103.93% 62.90% 29.26% 0.00% 1.38% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 20.47% 16.68% 29.26% 0.00% 1.38% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 6.19% 83.46% 46.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 110.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -16.74% -3.93% 37.10% 70.74% 100.00% 98.62% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 -0.05 -0.36 -0.12 -0.03 0.00 -0.01 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 -0.05 -0.31 -0.09 -0.02 0.00 0.22 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 -0.05 -0.29 -0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -0.07 -0.47 -0.16 -0.04 0.00 -0.01 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 -0.07 -0.39 -0.12 -0.03 0.00 0.32 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 -0.07 -0.38 -0.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 11.66 -4.77 -2.77 -3.92 5.21 6.03 0.29 -3.50 -3.49 0.91 1.53
Noncontrolling Interest Sharing Ratio		 101.50% 0.00% 99.16% 98.73% 57.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.12 1.16 0.85 0.62 4.66 3.49 3.36 1.99 2.02 11.66 12.99
Quick Ratio		 0.09 0.33 0.11 0.09 3.06 1.72 1.68 0.87 0.54 9.83 10.85
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 101 -22 114 10 2.75 -4.39 -8.22 -6.92 -1.39 -1.23 -0.81
Operating Cash Flow to CapEx		 -288.89% -2,612.93% 86.16% -56.01% -2,602.25% -286.50% -756.19% -165.77% -531.86% -616.25% -1,671.29%
Free Cash Flow to Firm to Interest Expense		 2,722.80 -13.38 130.24 20.75 0.00 -25.52 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -33.03 -1.87 0.56 -0.60 0.00 -17.77 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -44.46 -1.94 -0.09 -1.67 0.00 -23.98 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.16 0.32 0.10 0.44 0.42 0.46 0.41 0.36 0.36 0.22 0.24
Accounts Receivable Turnover		 0.00 2.75 0.00 0.00 0.00 4.52 8.26 5.80 7.20 4.43 5.88
Inventory Turnover		 0.00 0.28 0.00 0.00 0.00 0.46 0.37 0.46 0.58 0.64 0.68
Fixed Asset Turnover		 0.00 1.97 0.00 0.00 0.00 2.10 1.65 1.38 1.44 1.38 1.48
Accounts Payable Turnover		 0.00 1.15 1.41 0.00 0.00 1.49 0.68 2.03 3.31 4.73 3.19
Days Sales Outstanding (DSO)		 0.00 132.69 0.00 0.00 0.00 80.82 44.20 62.93 50.69 82.46 62.04
Days Inventory Outstanding (DIO)		 0.00 1,316.03 0.00 0.00 0.00 785.27 980.55 800.86 632.20 567.29 533.98
Days Payable Outstanding (DPO)		 0.00 317.01 258.51 0.00 0.00 244.21 539.67 179.73 110.30 77.21 114.46
Cash Conversion Cycle (CCC)		 0.00 1,131.71 -258.51 0.00 0.00 621.89 485.08 684.06 572.59 572.54 481.56
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 16 5.67 3.18 1.96 7.01 8.10 8.17 6.56 7.22 7.67 7.17
Invested Capital Turnover		 0.17 -8.73 0.11 0.84 0.67 1.08 1.11 1.31 0.78 0.70 0.78
Increase / (Decrease) in Invested Capital		 -102 13 -116 -14 -8.83 2.43 4.99 4.60 0.21 -0.44 -1.00
Enterprise Value (EV)		 74 23 29 23 43 52 26 17 21 -9.23 -3.95
Market Capitalization		 55 17 27 23 51 56 31 20 22 15 19
Book Value per Share		 ($0.51) ($0.05) $0.11 $0.11 $0.66 $0.40 $0.39 $0.29 $0.24 $0.61 $0.37
Tangible Book Value per Share		 ($0.51) ($0.05) $0.11 $0.11 $0.66 $0.40 $0.39 $0.29 $0.24 $0.61 $0.37
Total Capital		 16 6.82 3.67 2.19 16 12 13 9.75 8.28 32 30
Total Debt		 0.98 7.09 2.31 0.64 0.00 0.17 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.98 5.70 1.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.95 5.94 1.82 0.41 -8.63 -4.19 -4.75 -3.19 -1.06 -24 -23
Capital Expenditures (CapEx)		 0.42 0.12 0.57 0.54 0.49 1.07 0.42 0.49 0.34 0.36 0.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.30 2.00 -1.54 -5.17 2.61 3.31 3.11 1.47 2.37 3.87 3.70
Debt-free Net Working Capital (DFNWC)		 -0.28 3.15 -1.05 -4.93 11 7.67 7.86 4.66 3.43 28 26
Net Working Capital (NWC)		 -0.28 1.76 -1.66 -5.58 11 7.50 7.86 4.66 3.43 28 26
Net Nonoperating Expense (NNE)		 0.40 7.71 2.13 3.00 2.12 1.03 1.20 1.00 0.49 0.61 0.66
Net Nonoperating Obligations (NNO)		 0.95 5.94 1.82 0.41 -8.61 -4.19 -4.75 -3.19 -1.06 -24 -23
Total Depreciation and Amortization (D&A)		 0.22 0.25 0.27 0.30 0.31 0.26 0.28 0.33 0.34 0.35 0.35
Debt-free, Cash-free Net Working Capital to Revenue		 -2.75% 36.80% -22.87% -68.77% 34.23% 44.76% 49.40% 26.27% 42.53% 69.68% 61.75%
Debt-free Net Working Capital to Revenue		 -2.49% 58.07% -15.57% -65.66% 147.58% 103.63% 124.79% 83.37% 61.66% 508.61% 437.93%
Net Working Capital to Revenue		 -2.49% 32.34% -24.67% -74.20% 147.58% 101.31% 124.79% 83.37% 61.66% 508.61% 437.93%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.16) $6.78 ($0.33) ($0.47) ($0.34) $2.80 ($5.60) ($0.10) ($0.05) ($0.80) ($1.23)
Adjusted Weighted Average Basic Shares Outstanding		 11.73M 6.26M 11.97M 13.68M 24.27M 502.98K 818.14K 33.55M 34.50M 933.72K 2.01M
Adjusted Diluted Earnings per Share		 ($0.16) $6.78 ($0.33) ($0.47) ($0.34) $2.80 ($5.60) ($0.10) ($0.05) ($0.80) ($1.23)
Adjusted Weighted Average Diluted Shares Outstanding		 11.73M 6.26M 11.97M 13.68M 24.27M 502.98K 818.14K 33.55M 34.50M 933.72K 2.01M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.18M 11.96M 13.75M 23.83M 30.44M 823.94K 835.91K 34.57M 52.54M 2.01M 2.02M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.48 -9.12 -1.63 -3.39 -4.41 -1.97 -3.24 -2.33 -1.19 -1.31 -1.83
Normalized NOPAT Margin		 -98.67% -565.03% -71.72% -159.67% -275.06% -140.70% -277.13% -164.12% -75.74% -94.36% -113.15%
Pre Tax Income Margin		 -125.62% -1,029.37% -171.03% -300.28% -536.20% -221.29% -378.46% -233.40% -107.24% -166.93% -151.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -49.89 -9.24 -3.44 -11.52 0.00 -17.02 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -39.96 -5.62 -2.05 -6.72 0.00 -11.37 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -61.32 -9.31 -4.09 -12.59 0.00 -23.22 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -51.39 -5.69 -2.70 -7.79 0.00 -17.57 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

MultiSensor AI (NASDAQ: MSAI) has shown some revenue growth over the last year, but the financial statements still point to a company that is burning cash, posting consistent losses, and relying heavily on financing activity to support operations. The latest quarter also shows a strong cash position after a major equity raise, but profitability remains far out of reach.

  • Revenue improved year over year in Q1 2026. Operating revenue rose to $1.6 million from $1.4 million in Q4 2025 and $1.2 million in Q1 2025.
  • Gross profit remained positive. In Q1 2026, gross profit was $914,000, showing the company is still generating sales above direct costs.
  • Cash and equivalents jumped sharply. MSAI ended Q1 2026 with $22.6 million in cash, up from just $1.1 million in Q3 2025, suggesting a strengthened liquidity position.
  • Current liabilities are low relative to cash. With $2.2 million in current liabilities and $22.6 million in cash, the near-term balance sheet looks much more manageable than in prior periods.
  • Debt appears limited in the latest quarter. The Q1 2026 balance sheet shows no short-term or long-term debt listed, which reduces financial leverage risk.
  • Quarterly cash burn improved versus late 2025. Operating cash outflow was $1.7 million in Q1 2026, better than the $2.4 million outflow in Q4 2025.
  • Operating expenses remain far above gross profit. Even with better revenue, SG&A and other costs still pushed the company deep into operating losses.
  • Inventory remains a meaningful asset. Inventory was $3.8 million in Q1 2026, which may support sales but also adds execution risk if demand slows.
  • Recent improvement in cash flow may reflect working capital swings. Operating cash flow has been volatile across quarters, so one quarter of improvement may not indicate a lasting trend.
  • MSAI is still losing money. Q1 2026 net loss was $2.5 million, and the company has posted losses in every quarter shown.
  • Operating losses remain large. Q1 2026 operating loss was $2.6 million, which means core business operations are not yet profitable.
  • Cash flow from operations is negative. The company used $1.7 million in operating cash in Q1 2026, continuing a multi-quarter pattern of cash burn.
  • Share dilution has been substantial. Common stock and weighted average shares outstanding have increased dramatically over the period, indicating repeated equity issuance to fund the business.
  • Historical results were very weak. In 2024, losses were much larger, including a $16.8 million net loss in Q4 2024 and a $6.4 million loss in Q2 2024, highlighting how dependent the turnaround is on sustained improvement.

Bottom line: MultiSensor AI’s latest quarter shows a healthier liquidity position and modest revenue growth, but the business still looks early-stage and highly speculative. The key question for investors is whether revenue can continue to scale faster than operating expenses before the cash balance starts shrinking again.

07/21/26 04:55 AM ETAI Generated. May Contain Errors.

MultiSensor AI Financials - Frequently Asked Questions

According to the most recent income statement we have on file, MultiSensor AI's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

MultiSensor AI's net income appears to be on a downward trend, with a most recent value of -$11.71 million in 2025, falling from -$13.29 million in 2022. The previous period was -$21.50 million in 2024. Check out MultiSensor AI's forecast to explore projected trends and price targets.

MultiSensor AI's total operating income in 2025 was -$12.01 million, based on the following breakdown:
  • Total Gross Profit: $2.91 million
  • Total Operating Expenses: $14.92 million

Over the last 3 years, MultiSensor AI's total revenue changed from $7.27 million in 2022 to $5.55 million in 2025, a change of -23.6%.

MultiSensor AI's total liabilities were at $3.44 million at the end of 2025, a 7.9% increase from 2024, and a 1,618.6% increase since 2021.

In the past 4 years, MultiSensor AI's cash and equivalents has ranged from $654 thousand in 2022 to $24.37 million in 2025, and is currently $24.37 million as of their latest financial filing in 2025.

Over the last 3 years, MultiSensor AI's book value per share changed from -0.55 in 2022 to 0.61 in 2025, a change of -211.8%.


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Financial statements for NASDAQ:MSAI last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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