MultiSensor AI Holdings, Inc.
Business
MultiSensor AI Holdings, Inc. develops and deploys integrated condition monitoring and early threat detection software and hardware solutions that combine thermal, acoustic, vibration, and visual sensing modalities through its MSAI Connect platform. The company offers cloud-based and on-premises software subscriptions, sensor hardware, and installation and calibration services targeting distribution and logistics, manufacturing, and data center customers in North America and Europe. MSAI Connect continuously monitors critical assets to detect early degradation patterns, enabling predictive maintenance and reducing unplanned downtime and safety risks.
Summary from 10-K filed 2026-03-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenue, net | 6 | 7 | — | — | |
| Cost of goods sold (exclusive of depreciation) | 3 | 3 | 2 | 5 | |
| Inventory impairment | 511,000 | 2 | 2 | — | |
| Selling, general and administrative | 11 | 16 | 8 | 14 | |
| Share-based compensation expense | 2 | 3 | 14 | — | |
| Depreciation | 1 | 1 | 872,000 | 561,000 | |
| Loss (gain) on asset disposal | −33,000 | 322,000 | −56,000 | — | |
| Other loss | 0 | 930,000 | — | — | |
| Total operating expenses | 14 | 21 | 23 | — | |
| Operating loss | −12 | −19 | −21 | −12 | |
| Interest expense (income), net | −77,000 | 63,000 | — | — | |
| Change in fair value of convertible notes | 0 | 475,000 | −970,000 | — | |
| Change in fair value of warrants liabilities | 0 | −39,000 | −195,000 | — | |
| Loss on financing transaction | 0 | 2 | 4 | — | |
| Other expense (income), net | −189,000 | 1 | 12,000 | −48,000 | |
| Total income (or loss) before income tax expense (or benefit) | −12 | −22 | −22 | −12 | |
| Income tax expense (benefit) | −32,000 | −465,000 | 208,000 | 1 | |
| Net loss | −12 | −21 | −22 | −13 | |
| Basic (in shares) | 37 | 20 | 6 | 5 | |
| Diluted (in shares) | 37 | 20 | 6 | 5 | |
| Basic (in dollars per shares) | −0.31 | −1.07 | −3.56 | −2.51 | |
| Diluted (in dollars per shares) | −0.31 | −1.07 | −3.56 | −2.51 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 24 | 4 | 1 | 654,000 | 931,271 | |
| Trade accounts receivable, net of allowance for credit losses of $17 and $35, respectively | 2 | 838,000 | 2 | 2 | — | |
| Inventories, current | 4 | 4 | 7 | 10 | — | |
| Other current assets | 826,000 | 1 | 2 | 3 | — | |
| Total current assets | 31 | 11 | 13 | 15 | 1 | |
| Property, plant and equipment, net | 4 | 4 | 3 | 2 | — | |
| Right-of-use assets, net | 0 | 134,000 | 129,000 | 103,000 | — | |
| Inventories, noncurrent | 379,000 | 865,000 | 643,000 | — | — | |
| Other noncurrent assets | 129,000 | 0 | 3,000 | 3,000 | — | |
| Total assets | 35 | 15 | 16 | 17 | 119 | |
| Accounts payable | 291,000 | 825,000 | 3 | 1 | — | |
| Income taxes payable | 0 | 59,000 | 991,000 | 511,000 | — | |
| Accrued expense | 981,000 | 1 | 4 | 3 | — | |
| Contract liabilities | 1 | 483,000 | 2 | 287,000 | — | |
| Legacy SMAP promissory notes | 0 | 172,000 | — | — | — | |
| Right-of-use liabilities, current | 0 | 138,000 | 138,000 | — | — | |
| Other current liabilities | 121,000 | 245,000 | 114,000 | 224,000 | — | |
| Total current liabilities | 3 | 3 | 11 | 7 | — | |
| Contract liabilities, noncurrent | 751,000 | 83,000 | 121,000 | 10,000 | — | |
| Warrants | 10,000 | 10,000 | 49,000 | — | — | |
| Deferred tax liabilities, net | 33,000 | 80,000 | 18,000 | 90,000 | — | |
| Total liabilities | 3 | 3 | 17 | 26 | 200,274 | |
| Commitments and contingencies (Note 14) | — | — | — | — | — | |
| Common stock, $0.0001 par value; 300,000,000 shares authorized as of December 31, 2025 and December 31, 2024, and 80,304,531 and 30,526,052 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 8,000 | 3,000 | 1,000 | 356 | 356 | |
| Additional paid-in capital | 98 | 67 | 33 | 3 | 2 | |
| Accumulated deficit | −66 | −55 | −33 | −11 | −413,954 | |
| Total shareholders' equity | 32 | 12 | −268,000 | −8 | 1 | |
| Total liabilities and shareholders' equity | 35 | 15 | 16 | 17 | 119 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Net loss | −12 | −21 | −22 | 36,861 | |
| Inventory impairment | 511,000 | 2 | 2 | 0 | |
| Non-cash lease activity | 134,000 | 154,000 | −26,000 | 102,000 | |
| Bad debt expenses (recoveries) | 15,000 | 41,000 | 194,000 | 158,000 | |
| Deferred income tax (income) expense | −47,000 | 62,000 | −72,000 | 1 | |
| Share-based compensation | 2 | 3 | 14 | 644,000 | |
| Change in fair value of warrants liabilities | 0 | −39,000 | — | — | |
| Other income (expense), net | 0 | 1 | — | — | |
| Trade accounts receivable | −847,000 | 2 | −928,000 | −211,000 | |
| Inventories | 135,000 | 256,000 | 372,000 | 284,000 | |
| Other current assets | 264,000 | 68,000 | 1 | 1 | |
| Other noncurrent assets | −129,000 | 3,000 | — | −1,000 | |
| Trade accounts payable | −263,000 | −1 | −14,000 | 461,000 | |
| Income taxes payable | −59,000 | −932,000 | 480,000 | 511,000 | |
| Contract liabilities | 772,000 | −1 | 2 | 212,000 | |
| Other current liabilities | −124,000 | 131,000 | −110,000 | −14,000 | |
| Right of use liabilities | −138,000 | −159,000 | −163,000 | −105,000 | |
| Accrued expenses | −130,000 | −3 | −3 | 2 | |
| Contract liabilities, noncurrent | 668,000 | −38,000 | 111,000 | — | |
| Net cash provided by (used in) operating activities | −8 | −16 | −5 | −3 | |
| Capital expenditures | −2 | −3 | −2 | −2 | |
| Proceeds from sale of equipment | 24,000 | 0 | 30,000 | — | |
| Net cash provided by (used in) investing activities | −2 | −3 | −2 | −2 | |
| Proceeds from issuances of common stock and Pre-funded warrants | 31 | 23 | — | — | |
| Tax payments associated with equity-based compensation transactions | −1 | 0 | — | — | |
| Repayments of lines of credit | 0 | −622,000 | −925,000 | — | |
| Net cash provided by (used in) financing activities | 30 | 22 | 7 | 2 | |
| Net increase/(decrease) in cash, cash equivalents, and restricted cash equivalents | 20 | 3 | 501,000 | −3 | |
| Interest paid | 0 | 63,000 | 52,000 | 29,000 | |
| Income tax paid, net of refunds received | 73,000 | 2 | 6,000 | 33,000 | |
| Settlement of vendor liability with share issuance | 36,000 | 0 | — | — | |
| Sale of equipment | 11,000 | 0 | — | — | |
| Conversion of convertible notes | 0 | 6 | 2 | — | |
| Conversion of Legacy SMAP promissory loan into common stock | 0 | 200,000 | — | — | |
| Shares issued for Equity Line of Credit commitment fee | 0 | 500,000 | 1 | — | |
| Inducement shares from Financing Transaction | 0 | 1 | 5 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is MultiSensor AI Holdings, Inc.'s CIK number?
MultiSensor AI Holdings, Inc.'s SEC CIK number is 0001863990 (1863990). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find MultiSensor AI Holdings, Inc.'s SEC filings?
All of MultiSensor AI Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did MultiSensor AI Holdings, Inc. last report earnings?
MultiSensor AI Holdings, Inc. (MSAI) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-060310). This is MultiSensor AI Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is MultiSensor AI Holdings, Inc.'s most recent earnings 8-K?
MultiSensor AI Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001104659-26-060310. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View MultiSensor AI Holdings, Inc.'s latest earnings 8-K →
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