MultiSensor AI Holdings Inc. Common Stock (MSAI)

FairStock Score: 26/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable businesses at sensible prices. MultiSensor AI, at $4.65 on 2026-10-13, has a $10.3M market cap, and FairStock's P/B is 0.36, which might catch a Graham-inclined eye. But the business is not earning money. In fiscal 2025, revenue was $5.6M and net income was -$11.7M. In fiscal 2024, revenue was $7.4M and net income was -$21.5M. So annual revenue fell while losses remained enormous relative to sales. The latest fiscal Q2 2026, the quarter ended 2026-06-30, had revenue of $1.7M and net income of -$2.5M, a -145.13% margin. Trailing free cash flow is -$9.2M, which is -89.6% of the $10.3M market cap—a terrible cash-burn yield. FairStock's Piotroski F-Score is 3/9 and Altman Z-Score is -1.03, which point to financial weakness and possible distress. The Lynch category is none because losses occurred in each of the last four years. There is little evidence of a moat: 21 employees, hardware sensors, and a software platform in a competitive field. The company does have a unified multi-sensor offering, and fiscal Q2 2026 revenue rose from $1.4M in fiscal Q2 2025 while net loss narrowed from -$3.3M, so progress is possible. But growth is not yet self-funding. A low price-to-book may mean the market doubts the value of the assets, not that it is a bargain. Until losses and cash burn reverse, this is speculation, not value.

In plain English: MultiSensor AI makes sensor hardware and software that monitor conditions and detect threats. The company is very small and has been losing money for years, including a $11.7 million loss in fiscal 2025 on $5.6 million of revenue. At $4.65 on 2026-10-13, the stock looks very cheap against its accounting value, but because it keeps burning cash, it does not look like a safe bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer