Filing Flows › MultiSensor AI Holdings (MSAI) › Q3 2025
MultiSensor AI Holdings (MSAI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 13, 2025
MultiSensor AI Holdings (MSAI) reported revenue of $1.6M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +11% from the quarter before. Operating margin was -107.6%, net loss $1.7M (106.5% of revenue).
MultiSensor AI Holdings, Q3 2025: revenue $1.6M (-2% year over year), operating margin -107.6%, net loss $1.7M, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6M | +11% | -2% |
| Operating profit | −$1.7M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $1.6M in Q3 2025, down 2% year over year and up 11% from the previous quarter. Hardware was the largest line at 54% of revenue. Hardware lost $224K year over year (down 21%), 800% of the total change.
Operating costs exceeded revenue by $1.7M, an operating margin of -107.6%. Total costs fell 68% while revenue fell 2%. The quarter ended with a net loss of $1.7M, narrower than the previous quarter's $3.3M loss.
Operating cash flow was −$1.8M. Non-cash charges added back $342K of depreciation and $205K of share-based compensation. Working capital and other items used $673K. Capital expenditures of $339K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was MultiSensor AI Holdings' revenue in the third quarter 2025?
MultiSensor AI Holdings (MSAI) reported revenue of $1.6M for the third quarter 2025 (Q3 2025), -2% from a year earlier and +11% from the quarter before.
Was MultiSensor AI Holdings profitable in the third quarter 2025?
Operating loss was $1.7M (-107.6% of revenue) and net loss $1.7M.