Filing Flows › MultiSensor AI Holdings (MSAI) › Q2 2025
MultiSensor AI Holdings (MSAI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
MultiSensor AI Holdings (MSAI) reported revenue of $1.4M for the second quarter 2025 (Q2 2025), -33% from a year earlier and +21% from the quarter before. Operating margin was -233.8%, net loss $3.3M (234.1% of revenue).
MultiSensor AI Holdings, Q2 2025: revenue $1.4M (-33% year over year), operating margin -233.8%, net loss $3.3M, operating cash flow −$804K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4M | +21% | -33% |
| Operating profit | −$3.3M | — | — |
| Net earnings | −$3.3M | — | — |
| Operating cash flow | −$804K | — | — |
What changed
Revenue was $1.4M in Q2 2025, down 33% year over year and up 21% from the previous quarter. Hardware was the largest line at 62% of revenue. Hardware lost $849K year over year (down 49%), 120% of the total change.
Operating costs exceeded revenue by $3.3M, an operating margin of -233.8%. Total costs fell 32% while revenue fell 33%. The fastest-growing cost line was Cost of revenue (+101%). The quarter ended with a net loss of $3.3M, narrower than the previous quarter's $4.4M loss.
Operating cash flow was −$804K. Non-cash charges added back $330K of depreciation and $423K of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $494K exceeded it, leaving free cash flow of −$1.3M.
Questions
What was MultiSensor AI Holdings' revenue in the second quarter 2025?
MultiSensor AI Holdings (MSAI) reported revenue of $1.4M for the second quarter 2025 (Q2 2025), -33% from a year earlier and +21% from the quarter before.
Was MultiSensor AI Holdings profitable in the second quarter 2025?
Operating loss was $3.3M (-233.8% of revenue) and net loss $3.3M.