MultiSensor AI (MSAI)
Market Price (6/26/2026): $5.24 | Market Cap: $10.5 MilSector: Information Technology | Industry: Electronic Components
MultiSensor AI (MSAI)
Market Price (6/26/2026): $5.24Market Cap: $10.5 MilSector: Information TechnologyIndustry: Electronic Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -213% Megatrend and thematic driversMegatrends include Artificial Intelligence, and Autonomous Technologies. Themes include Edge AI, AI Software Platforms, Show more. | Weak multi-year price returns2Y Excs Rtn is -128%, 3Y Excs Rtn is -166% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -9.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -159% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 16% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -109%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -131% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 2688% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -97% High stock price volatilityVol 12M is 3958% Key risksMSAI key risks include [1] a significant going concern risk stemming from severe financial distress and recurring net losses, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -213% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Autonomous Technologies. Themes include Edge AI, AI Software Platforms, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -128%, 3Y Excs Rtn is -166% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -9.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -159% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.8% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -109%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -131% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 2688% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -97% |
| High stock price volatilityVol 12M is 3958% |
| Key risksMSAI key risks include [1] a significant going concern risk stemming from severe financial distress and recurring net losses, Show more. |
Qualitative Assessment
AI Analysis | Feedback
MultiSensor AI (MSAI) stock has lost about 55% since 2/28/2026 because of the following key factors:
1. MultiSensor AI's 1-for-40 reverse stock split on April 13, 2026, significantly contributed to negative market perception. Reverse stock splits are often interpreted by investors as a signal of underlying financial instability or a measure to maintain listing requirements, frequently leading to further devaluation of shares.
2. Concerns over potential shareholder dilution arose from the establishment of a $60 million At-the-Market (ATM) equity program on March 13, 2026. This program allows for the future sale of common stock, which increases the supply of shares in the market and typically exerts downward pressure on the stock price as investors anticipate dilution.
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MultiSensor AI (MSAI) stock has lost about 55% since 2/28/2026 because of the following key factors:
1. MultiSensor AI's 1-for-40 reverse stock split on April 13, 2026, significantly contributed to negative market perception. Reverse stock splits are often interpreted by investors as a signal of underlying financial instability or a measure to maintain listing requirements, frequently leading to further devaluation of shares.
2. Concerns over potential shareholder dilution arose from the establishment of a $60 million At-the-Market (ATM) equity program on March 13, 2026. This program allows for the future sale of common stock, which increases the supply of shares in the market and typically exerts downward pressure on the stock price as investors anticipate dilution.
3. The company's fiscal Q1 2026 financial results, announced on May 13, 2026, highlighted profitability concerns and a lack of clear forward guidance. MultiSensor AI reported revenue of $1.61 million, missing analyst estimates of $1.70 million. Despite beating earnings per share (EPS) estimates, the company announced a net loss of $2.5 million for the fiscal quarter ended March 31, 2026, and utilized $1.7 million in net cash from operating activities. This was compounded by MultiSensor AI's failure to provide explicit forward guidance for fiscal Q2 2026 or the full year, contributing to investor uncertainty.
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Stock Movement Drivers
Fundamental Drivers
The -53.5% change in MSAI stock from 2/28/2026 to 6/25/2026 was primarily driven by a -57.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 6252026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.28 | 5.25 | -53.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 6 | 7.8% |
| P/S Multiple | 1.7 | 1.8 | 0.8% |
| Shares Outstanding (Mil) | 1 | 2 | -57.1% |
| Cumulative Contribution | -53.5% |
Market Drivers
2/28/2026 to 6/25/2026| Return | Correlation | |
|---|---|---|
| MSAI | -53.5% | |
| Market (SPY) | 7.3% | 10.6% |
| Sector (XLK) | 33.2% | 10.6% |
Fundamental Drivers
The -79.5% change in MSAI stock from 11/30/2025 to 6/25/2026 was primarily driven by a -57.1% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 6252026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.65 | 5.25 | -79.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 6 | 7.8% |
| P/S Multiple | 4.0 | 1.8 | -55.7% |
| Shares Outstanding (Mil) | 1 | 2 | -57.1% |
| Cumulative Contribution | -79.5% |
Market Drivers
11/30/2025 to 6/25/2026| Return | Correlation | |
|---|---|---|
| MSAI | -79.5% | |
| Market (SPY) | 8.1% | 9.7% |
| Sector (XLK) | 29.3% | 10.1% |
Fundamental Drivers
The -82.4% change in MSAI stock from 5/31/2025 to 6/25/2026 was primarily driven by a -59.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312025 | 6252026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.91 | 5.25 | -82.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 6 | -4.8% |
| P/S Multiple | 3.9 | 1.8 | -54.7% |
| Shares Outstanding (Mil) | 1 | 2 | -59.3% |
| Cumulative Contribution | -82.4% |
Market Drivers
5/31/2025 to 6/25/2026| Return | Correlation | |
|---|---|---|
| MSAI | -82.4% | |
| Market (SPY) | 26.0% | 7.7% |
| Sector (XLK) | 60.8% | 8.9% |
Fundamental Drivers
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Market Drivers
5/31/2023 to 6/25/2026| Return | Correlation | |
|---|---|---|
| MSAI | -98.8% | |
| Market (SPY) | 82.6% | 4.3% |
| Sector (XLK) | 129.4% | 5.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MSAI Return | -1% | 4% | -67% | -45% | -84% | -53% | -99% |
| Peers Return | 14% | -12% | 5% | 5% | 10% | 28% | 56% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| MSAI Win Rate | 50% | 83% | 67% | 33% | 25% | 17% | |
| Peers Win Rate | 65% | 42% | 48% | 50% | 48% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MSAI Max Drawdown | - | -1% | -81% | -65% | -88% | -99% | |
| Peers Max Drawdown | -15% | -35% | -24% | -20% | -27% | -19% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: EMR, ROK, HON, TDY, CGNX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/25/2026 (YTD)
How Low Can It Go
| Event | MSAI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -55.5% | -18.8% |
| % Gain to Breakeven | 124.5% | 23.1% |
| Time to Breakeven | 140 days | 79 days |
In The Past
MultiSensor AI's stock fell -55.5% during the 2025 US Tariff Shock. Such a loss loss requires a 124.5% gain to breakeven.
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| Event | MSAI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -55.5% | -18.8% |
| % Gain to Breakeven | 124.5% | 23.1% |
| Time to Breakeven | 140 days | 79 days |
In The Past
MultiSensor AI's stock fell -55.5% during the 2025 US Tariff Shock. Such a loss loss requires a 124.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About MultiSensor AI (MSAI)
MultiSensor AI (MSAI) specializes in the design, manufacturing, distribution, and sale of advanced infrared camera systems. These systems are primarily used for thermographic applications, which involve detecting and measuring thermal energy. The company recently rebranded from Infrared Cameras Holdings, Inc., signaling an expanded focus on multi-sensor technologies and AI integration.
MSAI offers a diverse product portfolio, ranging from portable handheld sensor devices with integrated displays to sophisticated fixed-mounted pan-tilt-zoom camera systems. The company also develops mobile multi-sensor payload and gimbal systems specifically designed for integration with unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs), enabling advanced remote sensing capabilities. Beyond hardware, MultiSensor AI provides essential software and support services, including specialized training, precise calibration, and comprehensive repair services for its product range.
MultiSensor AI's sophisticated imaging solutions cater to critical industrial sectors where thermal imaging plays a vital role in operations, safety, and maintenance. Key industries served include oil and gas, distribution and logistics, manufacturing, and utility sectors. These clients utilize MSAI's technology for applications such as predictive maintenance, fault detection, process monitoring, and enhancing operational efficiency across their diverse assets.
AI Analysis | Feedback
Here are 1-3 brief analogies for MultiSensor AI:
- MultiSensor AI is like an industrial-grade version of a smart camera system such as Ring or Nest, but their advanced multi-sensor and thermal devices are designed to monitor and inspect industrial facilities like factories, utility grids, and logistics operations for businesses, not homes.
- Imagine a highly specialized branch of an industrial technology leader like Honeywell or Siemens, dedicated to developing and deploying advanced thermal and multi-sensor camera systems for critical infrastructure and manufacturing.
- They are like a GE Healthcare for industrial diagnostics, using advanced thermal and multi-sensor 'imaging' to detect issues and monitor conditions in factories, pipelines, and other industrial infrastructure.
AI Analysis | Feedback
- Handheld Sensor Devices: Portable infrared camera systems ranging from small to large designs, equipped with built-in displays and controls.
- Fixed-Mounted Camera Systems: Stationary pan-tilt-zoom single- and multi-sensor camera systems designed for standalone operation.
- Mobile Multi-Sensor Payload Systems: Gimbal systems and payloads specifically designed for integration with unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs).
- Software: Programs and applications that complement their infrared camera systems.
- Training: Educational services provided to customers on the use and operation of their products.
- Calibration: Services to ensure the accuracy and reliability of their infrared camera systems.
- Repairs: Maintenance and repair services for their manufactured camera systems and devices.
AI Analysis | Feedback
MultiSensor AI (MSAI) primarily sells its infrared camera systems and related services to other companies rather than individuals.
Based on the provided company description, its major customers are companies operating within the following sectors:
- Companies in the Oil and Gas sector
- Companies in the Distribution and Logistics sector
- Companies in the Manufacturing sector
- Companies in the Utility sector
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AI Analysis | Feedback
Asim Akram, Chief Executive Officer and President
Asim Akram joined MultiSensor AI as Chief Executive Officer and President effective June 23, 2025. He began his career in technology consulting at global firms such as Accenture and KPMG. Mr. Akram founded and scaled Orion, a SaaS platform company, where he successfully built a recurring-revenue model and led expansion across North America. He also held multiple executive roles at Honeywell, leading global businesses and playing a key role in M&A integration efforts in Honeywell's fire and safety business. Most recently, he led the transportation business at ORBCOMM, where he successfully grew operations by forming strategic alliances and expanding its global footprint.
Robert Nadolny, Chief Financial Officer
Robert Nadolny was promoted to Chief Financial Officer in January 2025, having joined MultiSensor AI in August 2024 as VP – Controller. Prior to his tenure at MultiSensor AI, Mr. Nadolny spent 13 years at Ernst & Young, LLP (EY), serving in various roles where he assisted clients with financial statement and internal control assessments, analyzed financial forecasts, and developed analytic solutions. He is a Certified Public Accountant and holds a B.B.A. and M.P.A. in Accounting from The University of Texas at Austin McCombs School of Business.
Peter Baird, Chief Commercial Officer
Peter Baird transitioned from Chief Financial Officer to Chief Commercial Officer in January 2025. He has been instrumental in establishing MultiSensor AI's financial foundation and brings extensive experience in developing and leading growing organizations.
Shuaib Hanief, VP - Engineering and Innovation
Shuaib Hanief joined MultiSensor AI in July 2025 as VP - Engineering and Innovation. With over 20 years of experience, he has a track record of building and scaling engineering organizations, driving technical excellence and innovation. Mr. Hanief has served as a fractional Chief Technology Officer at Solmation LLC since 2009. He also co-founded Fee Favor, an online marketplace, and launched two SaaS platforms, Patron Engage and Practice Revive.
Todd McKellar, VP - Global Sales
Todd McKellar joined MultiSensor AI in 2025 as VP - Global Sales. He is a global revenue leader with significant experience in developing go-to-market strategies, fostering strategic partnerships, and scaling revenue for high-growth technology and data companies. Most recently, he served as Vice President of Sales at Jaxon AI, where he led enterprise go-to-market initiatives. Earlier in his career, Mr. McKellar held senior leadership roles at PlaceIQ, Scandit, and Intertrust Technologies.
AI Analysis | Feedback
1. Significant Financial Risks and Going Concern Doubt
MultiSensor AI faces substantial financial risks, including a history of net losses and negative cash flows, which raise "substantial doubt about its ability to continue as a going concern". The company has exhibited negative operating and net margins, indicating persistent profitability challenges. Recent financial reports show a net loss exceeding $3.32 million on revenues of approximately $1.42 million for a quarter, highlighting an inability to sustain operational expenses despite a relatively high gross profit margin. Furthermore, the company's Altman Z-Score suggests a potential risk of bankruptcy within the next two years. To enhance financial flexibility, MultiSensor AI recently entered an "at-the-market" sales agreement to offer up to $60 million of common stock, which could lead to dilution for existing shareholders.2. Intense Technological Competition and Need for Continuous Innovation
The company operates within a "rapidly changing technological landscape, requiring continuous innovation and adaptation". Failure to develop new products, adapt to emerging technologies, or effectively expand its Software-as-a-Service (SaaS) capabilities could result in significant competitive disadvantages. The AI sector, where MultiSensor AI operates, is marked by mounting competitive pressures as industry players vie for market dominance. The company's future success is highly dependent on its ability to keep pace with technological advancements and successfully integrate AI-driven solutions.3. Limited Market Share and Customer Acquisition Challenges
MultiSensor AI currently holds less than 0.1% market share within its estimated $10.7 billion total addressable market in the United States. The loss of a significant customer could "materially affect financial results" given its small market penetration. The company faces uncertainties related to customer demand for its evolving SaaS offerings and the scalability of its infrastructure. Expanding its sales and marketing efforts and effectively growing its network of distributors are critical to improving its market position and addressing its low market share.AI Analysis | Feedback
The increasing commoditization of thermal imaging technology and its integration as a feature into more general-purpose devices, such as advanced commercial drones, smartphones (via attachments), and broad industrial IoT sensor platforms, presents a clear emerging threat. This trend, driven by larger electronics manufacturers and tech companies, could offer "good enough" thermographic capabilities at a significantly lower cost or as part of a multi-functional system, potentially eroding the market for specialized, standalone infrared camera systems and putting pressure on pricing and demand for companies like MultiSensor AI.
AI Analysis | Feedback
MultiSensor AI (MSAI) operates in several significant addressable markets related to thermal imaging and sensor technologies.
The global thermal imaging market, which encompasses infrared camera systems and various applications, was estimated at USD 14.9 billion in 2025 and is projected to reach USD 41.3 billion by 2035, growing at a compound annual growth rate (CAGR) of 10.8% from 2026 to 2035. Other estimates place the global thermal imaging market size at USD 8.29 billion in 2025, predicted to increase to approximately USD 17.41 billion by 2035 with a CAGR of 7.70% from 2026 to 2035. In 2024, the market was valued at USD 7.31 billion and is expected to reach USD 13.83 billion by 2032, with a CAGR of 8.30%. North America was the largest region in the thermal imaging market in 2025, with the U.S. market alone valued at USD 3.8 billion in 2025. Europe's thermal imaging market accounted for USD 3.7 billion in 2025.
Focusing specifically on the infrared (IR) camera market, which is a core product for MultiSensor AI, the global market size was valued at USD 9.85 billion in 2025 and is estimated to reach USD 19.12 billion by 2034, demonstrating a CAGR of 7.7% during the forecast period. Another report indicates the global IR camera market size was USD 8.02 billion in 2023 and is projected to reach USD 14.98 billion by 2032, growing at a CAGR of 7.19% from 2024 to 2032. The U.S. IR camera market was valued at USD 3.36 billion in 2025 and is projected to reach USD 3.76 billion in 2026. Handheld infrared cameras, a product type offered by MSAI, accounted for the largest market share of 52.6% in 2025 globally. The industrial & manufacturing segment held approximately 38.40% of the infrared camera market share in 2025.
For infrared sensor devices, the broader market was valued at USD 1,173.70 million in 2025 and is projected to grow to USD 2,294.20 million by 2034, with a CAGR of 7.8%. Another estimate places the global infrared sensor market size at USD 711.4 million in 2023, expected to grow to USD 1,516.4 million by 2030 at a CAGR of 12.2% from 2024 to 2030. North America is a significant market for infrared sensors, holding approximately 40% of the global share.
In the specialized area of mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles (UAVs) and unmanned ground vehicles (UGVs):
- The global market for drones with AI thermal imaging was valued at US$ 3,114 million in 2025 and is anticipated to reach US$ 7,015 million by 2032, exhibiting a CAGR of 12.3% from 2026 to 2032. Separately, the global thermal drone market is projected to reach USD 15.2 billion by 2032, growing at a CAGR of 11.48% from 2024 to 2032. North America holds approximately 45% of the global thermal drone market share.
- The global unmanned ground vehicles (UGV) market is projected to grow from USD 2.81 billion in 2025 to USD 4.45 billion by 2031, at a CAGR of 8.06% from 2026 to 2031. North America is the largest market for UGVs, accounting for approximately 45% of the global market share and 39.12% of total revenue in 2025. Military platforms represented 69.63% of UGV revenue share in 2025.
AI Analysis | Feedback
MultiSensor AI (MSAI) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Transition to a Software-Centric (SaaS) Model and Recurring Revenue Growth: MultiSensor AI is strategically shifting its focus from a hardware-centric model to a scalable, software-centric platform, emphasizing its proprietary AI algorithms and the MSAI Connect platform, which uses AWS infrastructure. This transition is expected to lead to rising margins and scalable growth, with a growing recurring revenue model driven by SaaS subscriptions. Software revenue has already demonstrated significant growth, with a 114% increase in Q3 2025 compared to Q3 2024, and a 37% increase in Q2 2025 compared to Q2 2024.
- Expansion of the Connected Sensor Base and MSAI Connect Platform Adoption: The company is seeing a substantial increase in the number of active sensors connected to its MSAI Connect platform. As of September 30, 2025, approximately 665 active sensors were connected, representing a 167% increase year-over-year from September 30, 2024, and a 9% increase quarter-over-quarter. This growing sensor base directly contributes to the expansion of its recurring SaaS revenue.
- Penetration into New High-Growth Markets and Customer Expansion: MultiSensor AI is actively expanding its target applications to include the data center market, where successful pilot programs have validated its solutions for cooling management and server load balancing, with a focused go-to-market effort planned for the second half of 2025. The company is also deepening its presence in automotive manufacturing with new pilot implementations with "Big-3" automakers for monitoring lithium-ion battery packs and enhancing early fire detection. Furthermore, it is expanding its footprint with a global distributor by launching new applications for monitoring rooftop solar installations, critical power systems, and last-mile infrastructure.
- Introduction of New and Enhanced Product and Solution Offerings: MultiSensor AI continues to innovate its product portfolio. In February 2024, it unveiled the SmartIR 2.0 (MSAI Cloud) software platform, which added new sensor modalities and AI-powered analytics capabilities. The company has also realigned its solutions into Early Threat Detection (ETD) and Reliability Maintenance Engineering (RME) offerings, simplified its go-to-market strategy with "Resolution Kits," and launched the MSAI Hub, an edge gateway designed to reduce installation complexity. These new offerings aim to enhance customer value and drive market adoption.
- Leveraging Advanced AI and Multi-Sensor Technologies: MultiSensor AI's integrated solutions utilize data from an array of sensors, including high-resolution thermal imagers, visible and acoustic imagers, as well as vibration and laser spectroscopy sensors. The company's proprietary AI algorithms and data network effects are continually improving model accuracy over time, positioning it for long-term revenue growth through more effective predictive maintenance and process control solutions. The appointment of new leadership in sales, product, and engineering, with expertise in SaaS scaling and technology leadership, is expected to optimize go-to-market execution and enhance AI infrastructure.
AI Analysis | Feedback
Share Repurchases
No information available regarding share repurchases or authorized future share repurchases for MultiSensor AI over the last 3-5 years.
Share Issuance
- MultiSensor AI entered into an at-the-market (ATM) sales agreement on March 13, 2026, to offer and sell up to $60,000,000 of common stock, with proceeds intended for working capital and general corporate purposes.
- The company announced a private placement on October 24, 2025, to raise approximately $14 million through the sale of 34,229,829 shares of common stock and warrants, with an initial closing on October 27, 2025, generating about $2.8 million.
- Shareholders approved the issuance of shares in excess of 19.99% of outstanding common stock related to the October 2025 purchase agreement on December 19, 2025.
Inbound Investments
- A $14 million private placement on October 24, 2025, was anchored by 325 Capital, LLC, along with other existing and new investors.
- As of December 31, 2025, Ayrton Capital LLC, Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, and Waqas Khatri collectively reported beneficial ownership of 9.99% of the common stock.
Outbound Investments
No information available regarding outbound investments made by MultiSensor AI over the last 3-5 years.
Capital Expenditures
- MultiSensor AI reported capital expenditures of -$2.34 million in the last 12 months, as of March 13, 2026.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| MultiSensor AI Earnings Notes | 12/16/2025 | |
| Day 5 of Gains Streak for MultiSensor AI Stock with 157% Return (vs. 7.6% YTD) [11/3/2025] | 11/04/2025 | |
| Can MultiSensor AI Stock Recover If Markets Fall? | 10/17/2025 |
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|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 188.29 |
| Mkt Cap | 41.4 |
| Rev LTM | 7,515 |
| Op Inc LTM | 1,427 |
| FCF LTM | 1,054 |
| FCF 3Y Avg | 976 |
| CFO LTM | 1,183 |
| CFO 3Y Avg | 1,083 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.2% |
| Rev Chg 3Y Avg | 4.1% |
| Rev Chg Q | 9.7% |
| QoQ Delta Rev Chg LTM | 2.3% |
| Op Inc Chg LTM | 28.2% |
| Op Inc Chg 3Y Avg | 6.2% |
| Op Mgn LTM | 18.9% |
| Op Mgn 3Y Avg | 17.5% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 19.0% |
| CFO/Rev 3Y Avg | 15.9% |
| FCF/Rev LTM | 16.9% |
| FCF/Rev 3Y Avg | 13.4% |
Price Behavior
| Market Price | $5.25 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 11/16/2021 | |
| Distance from 52W High | -93.4% | |
| 50 Days | 200 Days | |
| DMA Price | $5.80 | $16.87 |
| DMA Trend | down | down |
| Distance from DMA | -9.4% | -68.9% |
| 3M | 1YR | |
| Volatility | 7,978.0% | 3,966.3% |
| Downside Capture | 430.71 | 484.14 |
| Upside Capture | 40.39 | 196.07 |
| Correlation (SPY) | 11.4% | 8.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.85 | 127.80 | 64.02 | 46.82 | 26.91 | 6.31 |
| Up Beta | -1.31 | 144.13 | 67.35 | 73.38 | 50.24 | 6.97 |
| Down Beta | 3.64 | 6.50 | 1.36 | 2.26 | 1.89 | 0.84 |
| Up Capture | 238% | -3% | 73% | 183% | 279% | 42% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 17 | 26 | 54 | 116 | 279 |
| Down Capture | 943% | 815% | 370% | 322% | 217% | 114% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 24 | 37 | 70 | 134 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MSAI | |
|---|---|---|---|---|
| MSAI | -77.8% | 3,958.5% | 0.96 | - |
| Sector ETF (XLK) | 50.2% | 23.4% | 1.67 | 9.0% |
| Equity (SPY) | 22.1% | 12.4% | 1.33 | 7.9% |
| Gold (GLD) | 20.8% | 27.7% | 0.67 | -1.3% |
| Commodities (DBC) | 23.3% | 18.5% | 0.99 | 8.6% |
| Real Estate (VNQ) | 11.6% | 13.8% | 0.55 | 2.4% |
| Bitcoin (BTCUSD) | -42.9% | 42.5% | -1.20 | 5.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MSAI | |
|---|---|---|---|---|
| MSAI | -58.4% | 2,184.6% | 0.51 | - |
| Sector ETF (XLK) | 21.8% | 25.3% | 0.76 | 4.9% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 3.6% |
| Gold (GLD) | 17.4% | 18.3% | 0.77 | -0.7% |
| Commodities (DBC) | 7.9% | 19.5% | 0.30 | 5.3% |
| Real Estate (VNQ) | 2.8% | 18.9% | 0.05 | 1.3% |
| Bitcoin (BTCUSD) | 9.8% | 54.1% | 0.38 | 2.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MSAI | |
|---|---|---|---|---|
| MSAI | -35.5% | 2,184.6% | 0.51 | - |
| Sector ETF (XLK) | 25.2% | 24.7% | 0.92 | 4.9% |
| Equity (SPY) | 15.3% | 18.0% | 0.73 | 3.6% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | -0.7% |
| Commodities (DBC) | 5.9% | 18.0% | 0.25 | 5.3% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 1.3% |
| Bitcoin (BTCUSD) | 56.4% | 66.5% | 0.97 | 2.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/18/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/13/2026 | 7.5% | -5.1% | -6.0% |
| 3/19/2026 | -15.9% | -20.7% | -42.9% |
| 11/13/2025 | -17.7% | -35.9% | -58.9% |
| 8/13/2025 | -6.8% | -16.8% | -8.1% |
| 5/13/2025 | -4.0% | -3.3% | -18.4% |
| 3/28/2025 | -17.0% | -20.0% | -30.4% |
| 11/12/2024 | -6.3% | -16.9% | -19.5% |
| 8/19/2024 | -11.9% | -4.0% | -9.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 2 | 0 | 0 |
| # Negative | 7 | 9 | 9 |
| Median Positive | 3.8% | ||
| Median Negative | -11.9% | -16.8% | -18.4% |
| Max Positive | 7.5% | ||
| Max Negative | -17.7% | -35.9% | -58.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/13/2026 | 7.5% | -5.1% | -6.0% |
| 3/19/2026 | -15.9% | -20.7% | -42.9% |
| 11/13/2025 | -17.7% | -35.9% | -58.9% |
| 8/13/2025 | -6.8% | -16.8% | -8.1% |
| 5/13/2025 | -4.0% | -3.3% | -18.4% |
| 3/28/2025 | -17.0% | -20.0% | -30.4% |
| 11/12/2024 | -6.3% | -16.9% | -19.5% |
| 8/19/2024 | -11.9% | -4.0% | -9.7% |
| 5/20/2024 | 0.0% | -5.2% | -16.3% |
| SUMMARY STATS | |||
| # Positive | 2 | 0 | 0 |
| # Negative | 7 | 9 | 9 |
| Median Positive | 3.8% | ||
| Median Negative | -11.9% | -16.8% | -18.4% |
| Max Positive | 7.5% | ||
| Max Negative | -17.7% | -35.9% | -58.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/19/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/28/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 12/21/2023 | 424B3 |
| 03/31/2023 | 07/10/2023 | PRER14A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/19/2026 | 10-K |
| 09/30/2025 | 11/13/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/13/2025 | 10-Q |
| 12/31/2024 | 03/28/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 12/21/2023 | 424B3 |
| 03/31/2023 | 07/10/2023 | PRER14A |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Strahan, Gary Eugene | Direct | Sell | 7292025 | 0.78 | 42,775 | 33,270 | 2,545,209 | Form | |
| 2 | Strahan, Gary Eugene | Direct | Sell | 7212025 | 0.75 | 89,265 | 67,056 | 4,300,132 | Form | |
| 3 | Strahan, Gary Eugene | Direct | Sell | 7212025 | 0.75 | 34,959 | 26,177 | 4,353,236 | Form | |
| 4 | Strahan, Gary Eugene | Direct | Sell | 7212025 | 0.81 | 363 | 293 | 4,716,876 | Form | |
| 5 | Strahan, Gary Eugene | Direct | Sell | 7092025 | 0.67 | 26,969 | 17,978 | 3,898,902 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Strahan, Gary Eugene | Direct | Sell | 7292025 | 0.78 | 42,775 | 33,270 | 2,545,209 | Form | |
| 2 | Strahan, Gary Eugene | Direct | Sell | 7212025 | 0.75 | 89,265 | 67,056 | 4,300,132 | Form | |
| 3 | Strahan, Gary Eugene | Direct | Sell | 7212025 | 0.75 | 34,959 | 26,177 | 4,353,236 | Form | |
| 4 | Strahan, Gary Eugene | Direct | Sell | 7212025 | 0.81 | 363 | 293 | 4,716,876 | Form | |
| 5 | Strahan, Gary Eugene | Direct | Sell | 7092025 | 0.67 | 26,969 | 17,978 | 3,898,902 | Form | |
| 6 | Strahan, Gary Eugene | Direct | Sell | 6242025 | 0.55 | 76,711 | 42,298 | 3,239,975 | Form | |
| 7 | Strahan, Gary Eugene | Direct | Sell | 6242025 | 0.66 | 21,470 | 14,232 | 3,945,990 | Form | |
| 8 | Strahan, Gary Eugene | Direct | Sell | 6162025 | 0.74 | 8,350 | 6,194 | 4,431,578 | Form | |
| 9 | Strahan, Gary Eugene | Direct | Sell | 6112025 | 0.72 | 7,000 | 5,042 | 4,309,150 | Form | |
| 10 | Strahan, Gary Eugene | Direct | Sell | 6112025 | 0.72 | 20,000 | 14,356 | 4,299,219 | Form | |
| 11 | Strahan, Gary Eugene | Direct | Sell | 6052025 | 0.80 | 3,500 | 2,800 | 4,807,550 | Form | |
| 12 | Strahan, Gary Eugene | Direct | Sell | 6052025 | 0.81 | 3,000 | 2,437 | 4,885,232 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Electronic Components Resources |
| Electronic Products |
| DigiKey Insights |
| Mouser Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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