Filing Flows › MultiSensor AI Holdings (MSAI) › Q1 2026
MultiSensor AI Holdings (MSAI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
MultiSensor AI Holdings (MSAI) reported revenue of $1.6M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +16% from the quarter before. Operating margin was -160.7%, net loss $2.5M (153.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | +16% | +38% |
| Operating profit | −$2.6M | — | — |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | −$1.7M | — | — |
What changed
Revenue was $1.6M in Q1 2026, up 38% year over year and up 16% from the previous quarter. Hardware was the largest line at 57% of revenue. Software added $424K year over year (up 169%), 95% of the total change. Ancillary Services declined 84%.
Operating costs exceeded revenue by $2.6M, an operating margin of -160.7%. Total costs fell 27% while revenue rose 38%. The fastest-growing cost line was Cost of revenue (+47%). The quarter ended with a net loss of $2.5M, wider than the previous quarter's $2.3M loss.
Operating cash flow was −$1.7M. Non-cash charges added back $352K of depreciation and $182K of share-based compensation. Working capital and other items added $249K. Capital expenditures of $121K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was MultiSensor AI Holdings' revenue in the first quarter 2026?
MultiSensor AI Holdings (MSAI) reported revenue of $1.6M for the first quarter 2026 (Q1 2026), +38% from a year earlier and +16% from the quarter before.
Was MultiSensor AI Holdings profitable in the first quarter 2026?
Operating loss was $2.6M (-160.7% of revenue) and net loss $2.5M.