State Ledger
Company profile

MultiSensor AI Holdings, Inc. CIK 1863990

Tickers
MSAI (Nasdaq) · MSAIW (Nasdaq)
Industry
Optical Instruments & Lenses
Headquarters
Houston, TX 77046
Fiscal year end
2025 (FY)
Market Data
Close
$4.75
Change
-$0.04
Change %
-0.84%
Volume
440

MSAI · trading date Oct 12, 2026 · previous close $4.79 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$5.55M
Net income
-$11.71M
Total assets
$35.47M
Total liabilities
$3.44M
Stockholders' equity
$32.03M
Cash & equivalents
$24.37M
Operating income
-$12.01M
Operating cash flow
-$8.02M
Capital expenditures
$1.63M

Fiscal year 2025, via 10-K filed 2026-03-19. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
-216.4%
Net margin
-211.0%
Free cash flow
-$9.65M
Free cash flow margin
-173.9%
Liabilities / assets
9.7%
Equity / assets
90.3%
CapEx / revenue
29.4%
Operating cash flow / net income
0.68×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $5.55M -$11.71M $35.47M $3.44M $32.03M
2024 $7.40M -$21.50M $15.48M $3.19M $12.29M
2023 $5.43M -$22.27M $16.37M $16.64M -$268.0K
2022 $7.27M -$13.29M $17.46M $25.67M -$8.21M
2021 — — $118.74M $200.3K $1.24M
Company Details
SIC code
3827
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form 10-Q
2026-08-13
Financials filed via
Form 10-K
filed 2026-03-19

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Houston, TX 77046
24 GREENWAY PLAZA, STE 1800
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:58 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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