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MultiSensor AI Holdings (MSAI) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 13, 2026

MultiSensor AI Holdings (MSAI) reported revenue of $1.7M for the second quarter 2026 (Q2 2026), +19% from a year earlier and +5% from the quarter before. Operating margin was -153.5%, net loss $2.5M (145.1% of revenue).

Revenue$1.7M
Year over year+19%
Quarter over quarter+5%
Operating margin-153.5%
Net earnings−$2.5M

MultiSensor AI Holdings, Q2 2026: revenue $1.7M (+20% year over year), operating margin -153.5%, net loss $2.5M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$1.7M+5%+19%
Operating profit−$2.6M——
Net earnings−$2.5M——
Operating cash flow−$2.4M——

What changed

Revenue was $1.7M in Q2 2026, up 19% year over year and up 5% from the previous quarter. Hardware was the largest line at 55% of revenue. Software added $339K year over year (up 85%), 123% of the total change. Ancillary Services declined 82%.

Operating costs exceeded revenue by $2.6M, an operating margin of -153.5%. Total costs fell 9% while revenue rose 19%. The quarter ended with a net loss of $2.5M, narrower than the previous quarter's $2.5M loss.

Operating cash flow was −$2.4M. Non-cash charges added back $360K of depreciation and $187K of share-based compensation. Working capital and other items used $479K. Capital expenditures of $251K exceeded it, leaving free cash flow of −$2.6M.

Questions

What was MultiSensor AI Holdings' revenue in the second quarter 2026?

MultiSensor AI Holdings (MSAI) reported revenue of $1.7M for the second quarter 2026 (Q2 2026), +19% from a year earlier and +5% from the quarter before.

Was MultiSensor AI Holdings profitable in the second quarter 2026?

Operating loss was $2.6M (-153.5% of revenue) and net loss $2.5M.

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Source: MultiSensor AI Holdings 10-Q on SEC EDGAR.