MultiSensor AI Holdings, Inc. (MSAI) Income Statement
MSAI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMSAI revenue and net income
Where MSAI's revenue goes
2025Each bar shows an amount and its share of revenue. MSAI kept −211.0% of revenue as net income.
MSAI profit margins
MSAI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −25.0% | −8.6% | — | — |
| Gross profit | −39.6% | +8.1% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MSAI quarterly EPS vs estimates
MultiSensor AI beat the analyst EPS estimate in 4 of the last 7 quarters. Next report: November 12, 2026 (estimate $-1.23).
MSAI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $5.6M | $7.4M | $5.4M | $7.3M | $28.8M |
| Cost of revenue | $2.6M | $2.6M | $2.3M | $5.0M | $10.3M |
| Gross profit | $2.9M | $4.8M | $3.1M | $2.3M | $18.5M |
| Sales, general & admin | $13.1M | $22.4M | $22.1M | $13.6M | $14.1M |
| Total operating expenses | $14.4M | $23.7M | $24.6M | $14.3M | $14.4M |
| Operating income | −$11.5M | −$18.9M | −$21.5M | −$12.0M | $4.1M |
| Interest income | $77,000 | — | — | — | — |
| Interest expense | $77,000 | $63,000 | $94,000 | $115,000 | $315,000 |
| Income before taxes | −$11.7M | −$22.0M | −$22.1M | −$12.1M | $3.4M |
| Income taxes | −$32,000 | −$465,000 | $208,000 | $1.2M | $1.1M |
| Net income | −$11.7M | −$21.5M | −$22.3M | −$13.3M | $2.3M |
| EBITDA | −$10.4M | −$20.8M | −$21.1M | −$11.4M | $4.1M |
| EPS (diluted) | −$6.62 | −$41.01 | −$99.06 | −$0.11 | −$1.22 |
| Gross margin | 52.5% | 65.1% | 57.7% | 31.7% | 64.3% |
| Operating margin | −207.8% | −255.1% | −395.5% | −165.4% | 14.1% |
| Net margin | −211.0% | −290.4% | −410.1% | −182.9% | 8.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7M | $1.6M | $1.4M | $1.6M | $1.4M | $1.2M | $1.4M | $1.6M | $2.1M | $2.3M | $1.6M | $1.5M |
| Cost of revenue | $919,000 | $700,000 | $512,000 | $566,000 | $1.1M | $476,000 | $342,000 | $533,000 | $538,000 | $1.2M | $1.1M | $452,000 |
| Gross profit | $776,000 | $914,000 | $876,000 | $1.0M | $335,000 | $694,000 | $1.1M | $1.1M | $1.6M | $1.1M | $490,000 | $1.0M |
| Sales, general & admin | $2.8M | $3.2M | $2.4M | $2.4M | $3.3M | $5.0M | $3.6M | $6.2M | $6.1M | $3.2M | $3.2M | $2.9M |
| Total operating expenses | $3.4M | $3.5M | $2.7M | $2.7M | $3.7M | $5.3M | $3.9M | $9.7M | $6.4M | $3.7M | $13.6M | $3.2M |
| Operating income | −$2.6M | −$2.6M | −$1.9M | −$1.7M | −$3.3M | −$4.6M | −$2.8M | −$8.7M | −$4.8M | −$2.6M | −$13.1M | −$2.1M |
| Interest income | $142,000 | $155,000 | $57,000 | $5,000 | $11,000 | $4,000 | — | — | — | — | — | — |
| Interest expense | — | $155,000 | $57,000 | $5,000 | — | $4,000 | $1,000 | $0 | $60,000 | $4,000 | $4.0M | $37,000 |
| Income before taxes | −$2.5M | −$2.4M | −$2.3M | −$1.7M | −$3.3M | −$4.4M | −$3.1M | −$8.6M | −$6.4M | −$3.9M | −$16.6M | −$1.9M |
| Income taxes | −$14,000 | $33,000 | −$39,000 | −$11,000 | $10,000 | $8,000 | −$114,000 | −$395,000 | $12,000 | $31,000 | $217,000 | −$8,000 |
| Net income | −$2.5M | −$2.5M | −$2.3M | −$1.7M | −$3.3M | −$4.4M | −$3.0M | −$8.2M | −$6.4M | −$3.9M | −$16.8M | −$1.9M |
| EBITDA | −$2.1M | −$2.1M | −$2.0M | −$1.3M | −$3.0M | −$4.1M | −$2.8M | −$8.3M | −$6.0M | −$3.6M | −$16.4M | −$1.6M |
| EPS (diluted) | −$1.19 | −$1.15 | −$1.30 | −$1.72 | −$3.46 | −$0.14 | −$1.60 | −$8.44 | −$17.24 | −$8.69 | — | −$3.17 |
| Gross margin | 45.8% | 56.6% | 63.1% | 64.0% | 23.6% | 59.3% | 75.6% | 66.7% | 74.7% | 48.6% | 30.4% | 69.8% |
| Operating margin | −153.5% | −161.6% | −134.8% | −108.2% | −233.8% | −394.6% | −199.6% | −541.5% | −228.1% | −112.7% | −810.6% | −140.9% |
| Net margin | −145.1% | −153.1% | −164.1% | −106.5% | −234.1% | −379.1% | −213.2% | −511.5% | −300.8% | −172.4% | −1,042.8% | −125.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MSAI's financial statements (latest annual report filed March 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MSAI financial results
In fiscal year 2025 (ended December 31, 2025), MultiSensor AI reported revenue of $5.6 million, down 25.0% from the year before. It had a net loss of $11.7 million, a net profit margin of −211.0%. Diluted earnings per share came to −$6.62.
See the MSAI stock overview for the latest quote and news, or the MSAI chart for price history and technical indicators.
MSAI income statement FAQ
What is MultiSensor AI's annual revenue?
MultiSensor AI reported total revenue of $5.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 25.0% from $7.4 million the previous year.
Is MultiSensor AI profitable?
No. MultiSensor AI reported a net loss of $11.7 million in fiscal 2025, a net profit margin of −211.0%; its operating margin was −207.8%.
What is MultiSensor AI's gross margin?
MultiSensor AI's gross margin was 52.5% in fiscal 2025: for every $100 of revenue, MultiSensor AI kept $52 after the direct cost of its products and services.
What are MultiSensor AI's earnings per share?
MultiSensor AI earned $-6.62 per diluted share in fiscal 2025, compared with $-41.01 a year earlier.
When will MultiSensor AI report its next earnings?
MultiSensor AI is expected to report results for the quarter ending September 30, 2026 on November 12, 2026.
When does MultiSensor AI's fiscal year end?
MultiSensor AI's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 19, 2026.