MultiSensor AI Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 19, 2026.
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FY2025 · Filed Mar 19, 2026
MSAI$3.19+3.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(Amounts in thousands of U.S. dollars, except share and per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year ended December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| Revenue, net | | $5,551 | | $7,402 | ||
| Cost of goods sold (exclusive of depreciation) | | | 2,638 | | | 2,582 |
| Inventory impairment | | 511 | | 2,272 | ||
| Operating expenses: | | | | | ||
| Selling, general and administrative | | 11,482 | | 15,655 | ||
| Share-based compensation expense | | | 1,665 | | | 3,382 |
| Depreciation | | 1,299 | | 1,140 | ||
| Loss (gain) on asset disposal | | | (33) | | | 322 |
| Other loss | | | — | | | 930 |
| Total operating expenses | | | 14,413 | | | 21,429 |
| Operating loss | | | (12,011) | | | (18,881) |
| Interest expense (income), net | | (77) | | 63 | ||
| Change in fair value of convertible notes | | — | | 475 | ||
| Change in fair value of warrants liabilities | | | — | | | (39) |
| Loss on financing transaction | | | — | | | 1,553 |
| Other expense (income), net | | (189) | | 1,027 | ||
| Loss before income taxes | | | (11,745) | | | (21,960) |
| Income tax expense (benefit) | | | (32) | | | (465) |
| Net loss | | $(11,713) | | $(21,495) | ||
| Weighted-average shares outstanding, basic and diluted | | | | | ||
| Basic | | 37,348,581 | | 20,119,161 | ||
| Diluted | | 37,348,581 | | 20,119,161 | ||
| Net loss per share, basic and diluted | | | | | ||
| Basic | | $(0.31) | | $(1.07) | ||
| Diluted | | (0.31) | | (1.07) | ||
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