Filing Flows › MultiSensor AI Holdings (MSAI) › Q4 2025
MultiSensor AI Holdings (MSAI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 19, 2026
MultiSensor AI Holdings (MSAI) reported revenue of $1.4M for the fourth quarter 2025 (Q4 2025), -0.9% from a year earlier and -12% from the quarter before. Operating margin was -171.6%, net loss $2.3M (164.1% of revenue).
MultiSensor AI Holdings, Q4 2025: revenue $1.4M (-0.9% year over year), operating margin -171.6%, net loss $2.3M, operating cash flow −$2.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4M | -12% | -0.9% |
| Operating profit | −$2.4M | — | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | −$2.2M | — | — |
What changed
Revenue was $1.4M in Q4 2025, down 1% year over year and down 12% from the previous quarter. Hardware was the largest line at 53% of revenue.
Operating costs exceeded revenue by $2.4M, an operating margin of -171.6%. Total costs fell 10% while revenue fell 1%. The fastest-growing cost line was Other operating costs (+267%). The quarter ended with a net loss of $2.3M, wider than the previous quarter's $1.7M loss.
Operating cash flow was −$2.2M. Non-cash charges added back $347K of depreciation and $130K of share-based compensation. Working capital and other items used $436K. Capital expenditures of $363K exceeded it, leaving free cash flow of −$2.6M.
Questions
What was MultiSensor AI Holdings' revenue in the fourth quarter 2025?
MultiSensor AI Holdings (MSAI) reported revenue of $1.4M for the fourth quarter 2025 (Q4 2025), -0.9% from a year earlier and -12% from the quarter before.
Was MultiSensor AI Holdings profitable in the fourth quarter 2025?
Operating loss was $2.4M (-171.6% of revenue) and net loss $2.3M.