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Optex Systems Holdings vs MultiSensor AI Holdings: OPXS and MSAI compared
Optex Systems Holdings is the larger company: $9.7M of revenue in its latest quarter (Q3 FY26) against $1.7M for MultiSensor AI Holdings (Q2 2026). MultiSensor AI Holdings is growing faster (+20% against -12% a year earlier). Optex Systems Holdings is more profitable, with an operating margin of 14.3% against -153.5%.
Where the money goes: OPXS and MSAI
Optex Systems Holdings (OPXS) · Q3 FY26
Optex Systems Holdings, Q3 FY26: revenue $9.7M (-12% year over year), operating margin 14.3%, net earnings $1.3M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
MultiSensor AI Holdings (MSAI) · Q2 2026
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.
| Optex Systems Holdings (OPXS) | MultiSensor AI Holdings (MSAI) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 2026 |
| Revenue | $9.7M | $1.7M |
| Revenue growth, Y/Y | -12% | +20% |
| Gross margin | 34.2% | — |
| Operating margin | 14.3% | -153.5% |
| Net earnings | $1.3M | −$2.5M |
| Net margin | 13.2% | -145.1% |
| Operating cash flow | $2.3M | −$2.4M |
| Free cash flow | $2.1M | — |
Where the revenue comes from
MultiSensor AI Holdings
- Hardware: $930K (55%)
- Software: $739K (44%)
- Ancillary Services: $26K (2%)
Questions
Which is bigger, Optex Systems Holdings or MultiSensor AI Holdings?
Optex Systems Holdings is the larger company: $9.7M of revenue in its latest quarter (Q3 FY26) against $1.7M for MultiSensor AI Holdings (Q2 2026).
Is Optex Systems Holdings or MultiSensor AI Holdings growing faster?
MultiSensor AI Holdings is growing faster (+20% against -12% a year earlier).
Which is more profitable, Optex Systems Holdings or MultiSensor AI Holdings?
Optex Systems Holdings is more profitable, with an operating margin of 14.3% against -153.5%.
More: Optex Systems Holdings earnings · how Optex Systems Holdings makes money · MultiSensor AI Holdings earnings · how MultiSensor AI Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.