MultiSensor AI Holdings, Inc. MSAI

FY2025 · ended Dec 31, 2025 · Revenue $5.55M, -25.0% YoY · Filed Mar 19, 2026

MultiSensor AI Holdings, Inc. (MSAI) files with the SEC under industry code 3827, Optical Instruments & Lenses. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $5.6 million and a net loss of $11.7 million. Free cash flow was -$9.7 million.

Revenue (TTM)
$6.27M
+12.2% vs year-ago TTM
Net income (TTM)
$-8.89M
+53.1% vs year-ago TTM
Operating cash flow (TTM)
$-8.12M
+58.9% vs year-ago TTM
Free cash flow (TTM)
$-9.19M
+58.6% vs year-ago TTM
EPS (TTM)
$-0.23
+82.4% vs year-ago TTM
Dividend per share
None
Shares outstanding
80.49M
+144.2% vs prior year
Net cash
$24.36M
FY 2025
Operating margin
-147.8%
FY 2026

Company profile

Industry
Optical Instruments & Lenses (SIC 3827)
Listed as
MSAI (Nasdaq), MSAIW (Nasdaq)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Houston, TX
SEC filer status
Non-accelerated filer, Smaller reporting company, Emerging growth company
SEC CIK
1863990
Former names
Infrared Cameras Holdings, Inc. (until Feb 9, 2024); Sportsmap Tech Acquisition Corp. (until Dec 19, 2023)

Other Optical Instruments & Lenses companies

Key figures

Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.

Line
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
Revenue
$5.6M
$7.4M
$5.4M
—
Operating income
-$12.0M
-$18.9M
-$21.5M
-$12.0M
Net income
-$11.7M
-$21.5M
-$22.3M
-$13.3M
Diluted EPS
-$0.31
-$1.07
-$3.56
—
Operating cash flow
-$8.0M
-$15.6M
-$4.6M
-$3.2M
Free cash flow
-$9.7M
-$18.2M
-$6.1M
—
Total assets
$35.5M
$15.5M
$16.4M
$17.5M
Total liabilities
$3.4M
$3.2M
$16.6M
$25.7M
Stockholders' equity
$32.0M
$12.3M
-$268,000
-$8.2M
Cash and investments
$24.4M
$4.4M
$1.2M
$654,000
Total debt
$0
$138,000
$8.3M
—

Recent SEC filings

Recent SEC filings
Form Description Filed Period
10-Q Quarterly report Aug 13, 2026 Jun 30, 2026
8-K Current report
Results of operations, Regulation FD disclosure
Aug 13, 2026 Aug 13, 2026
8-K Current report
Unregistered share sale, Officer or director change
Jul 20, 2026 Jul 16, 2026
8-K Current report
Officer or director change, Shareholder vote results
Jun 18, 2026 Jun 12, 2026
10-Q Quarterly report May 13, 2026 Mar 31, 2026
8-K Current report
Results of operations
May 13, 2026 May 13, 2026

Source: SEC EDGAR filings. This is company-reported data, not investment advice.