4 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has declined 8.6% per year over the past 3 years.
Operating margin has contracted, at -216.4% in the latest year.
Financial health
The company is unprofitable; at its current free-cash-flow burn it has roughly 2.5 years of cash runway.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$6M
-$12M
0.0%
-216.4%
-$10M
—
$24M
2024
$7M
-$21M
0.0%
-255.1%
-$18M
—
$4M
2023
$5M
-$22M
0.0%
-395.5%
-$6M
$8M
$1M
2022
$7M
-$13M
0.0%
-165.4%
-$5M
—
$654000
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$2M
-$2M
0.0%
-160.7%
-$2M
—
$23M
Dec '25
$1M
-$2M
0.0%
-171.6%
-$3M
—
$24M
Sep '25
$2M
-$2M
0.0%
-107.6%
-$2M
—
$1M
Jun '25
$1M
-$3M
0.0%
-233.8%
-$1M
—
$3M
Mar '25
$1M
-$4M
0.0%
-394.6%
-$4M
—
$5M
Dec '24
$1M
-$3M
0.0%
-199.6%
-$4M
—
$4M
Sep '24
$2M
-$8M
0.0%
-541.5%
-$13M
—
$9M
Jun '24
$2M
-$6M
0.0%
-228.1%
-$844000
$642000
$234000
Mar '24
$2M
-$4M
0.0%
-112.7%
-$79000
$3M
$491000
Dec '23
$2M
-$17M
0.0%
-808.2%
-$3M
$8M
$1M
Sep '23
$1M
-$2M
0.0%
-140.9%
-$2M
—
$27900
Jun '23
$1M
-$653000
0.0%
-236.4%
-$346000
—
$255452
Mar '23
$980000
-$3M
0.0%
-324.1%
-$955000
—
$13981
Dec '22
—
-$13M
—
—
—
—
$654000
Sep '22
—
$184106
—
—
—
—
$347671
Jun '22
—
-$130227
—
—
—
—
$534389
Mar '22
—
-$186893
—
—
—
—
$680069
Dec '21
—
-$413511
—
—
—
—
$931271
Sep '21
—
-$30
—
—
—
—
$24991
Jun '21
—
-$413
—
—
—
—
—
Valuation over time
How the market has priced MSAI against its own fundamentals since 2023-12 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has risen from 0.9× (Dec '23) to 2.0× (Jun '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is MSAI growing its revenue and profit?
Over the past 3 years, MultiSensor AI Holdings, Inc.'s revenue has declined 8.6% per year. These are computed facts, not advice.
How much debt does MSAI have?
As of FY2025, MultiSensor AI Holdings, Inc. reported — of total debt against $24M of cash.
What is MSAI's profit margin?
In FY2025, gross margin was —, operating margin -216.4%, and net margin -211.0%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.