Filing Flows › MultiSensor AI Holdings (MSAI) › Q1 2026 › vs Q1 2025
MultiSensor AI Holdings (MSAI) Q1 2026 vs Q1 2025 (year over year)
MultiSensor AI Holdings's revenue rose $444K (+38%) from $1.2M in Q1 2025 to $1.6M in Q1 2026. The biggest changes: Software +$424K (+169%); Hardware +$160K (+21%); Ancillary Services −$140K (-84%).
MultiSensor AI Holdings, Q1 2026: revenue $1.6M (+38% year over year), operating margin -160.7%, net loss $2.5M, operating cash flow −$1.7M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Hardware | $913K | $753K | $160K | +21% |
| Software | $675K | $251K | $424K | +169% |
| Ancillary Services | $26K | $166K | −$140K | -84% |
| Revenue | $1.6M | $1.2M | $444K | +38% |
| Other income, net | $156K | $189K | −$33K | -17% |
| Net loss | $2.5M | $4.4M | −$2.0M | -44% |
| Costs & expenses | $4.2M | $5.8M | −$1.6M | -27% |
| Operating costs | $4.2M | $5.8M | −$1.6M | -27% |
| Income tax | $33K | $8K | $25K | +312% |
| Cost of revenue | $700K | $476K | $224K | +47% |
| SG&A | $3.0M | $4.1M | −$1.1M | -28% |
| Other operating costs | $519K | $1.2M | −$653K | -56% |
| Operating cash sources | $2.5M | $4.4M | −$2.0M | -44% |
| Depreciation | $352K | $280K | $72K | +26% |
| Share-based compensation | $182K | $907K | −$725K | -80% |
| Working capital & other | $249K | $73K | $176K | +241% |
| Cash used in operations | $1.7M | $3.2M | −$1.5M | -47% |
| Net loss absorbed | $2.5M | $4.4M | −$2.0M | -44% |
Questions
How much did MultiSensor AI Holdings's revenue grow year over year in Q1 2026?
MultiSensor AI Holdings's revenue rose $444K (+38%) from $1.2M in Q1 2025 to $1.6M in Q1 2026.
What drove MultiSensor AI Holdings's revenue change in Q1 2026?
Software +$424K (+169%); Hardware +$160K (+21%); Ancillary Services −$140K (-84%).