MultiSensor AI Holdings, Inc. (MSAI) Stock

MultiSensor AI Holdings, Inc. (MSAI) is a Technology stock trading at $5.53 (as of 2026-08-20), with a market capitalization of $12.19M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MultiSensor AI Holdings, Inc. manufactures and distributes multi-sensor systems for thermographic and other applications, including handheld devices, fixed pan-tilt-zoom camera systems, and mobile payload and gimbal systems for unmanned aerial and ground vehicles. The company also provides related software and services such as training, calibration, and repairs for customers in areas including distribution and logistics, manufacturing, utilities, and oil and gas.

Understand MultiSensor AI Holdings, Inc.: how it makes money

MultiSensor AI makes and distributes multi-sensor systems for thermographic and other industrial applications, and it also offers on-prem and cloud-based software and services such as training and calibration.

Profit is likely driven by how widely customers deploy and connect sensors to the MultiSensor AI Connect platform, since the company pairs software and services with measurable platform adoption (active sensors, active streaming sensors, and sites deployed) and tracks Annual Recurring Revenue.

Business quality (Weak): The business description and platform usage KPIs are clear, but the provided latest quarter financial figures show Revenue as 0.0B and Software Revenue as 0.0B, which limits confidence in the quantitative revenue picture.

Bull case

  • Platform adoption signals: The company reports 730 Active Sensors Connected to MultiSensor AI Connect Platform and 460 Active Streaming Sensors Connected to MultiSensor AI Connect Platform, indicating ongoing usage of the connected system.
  • Customer footprint is measured: Sites Deployed is reported at 50, which suggests multi-site deployments rather than only one-off installations.

Bear case

  • Loss-making operating performance in the provided quarter: The latest provided operating margin is -160.7, indicating the business is not yet translating into positive operating profitability in this dataset.
  • Revenue and software revenue are shown as zero in the provided financial fields: Revenue, Net and Software Revenue are both listed as 0.0 in the provided segment candidates, which makes it hard to validate how platform activity converts into reported revenue.
Valuation — source: SEC EDGAR (first-party)
Price$5.53
Market Cap$12.19M
Price / Book0.43
Price / Sales1.88
FCF Yield-124.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.55M
Net Margin-211.0%
Revenue Growth (YoY)-25.0%
EPS Growth (YoY)-71.0%
FCF Growth (YoY)-47.1%
Financial Health — source: SEC EDGAR
Altman Z-Score74.90 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Measuring & Control Equipment)51.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder325 CAPITAL LLC ($6.12M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryMeasuring & Control Equipment
CEOAsim Akram
Employees41
CountryUS
IPO Date2021-11-16

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MSAI earnings history · MSAI institutional & insider holders · MSAI KPIs & operating metrics · MSAI financials · MSAI investor presentations & press releases · MSAI SEC filings · MSAI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.