Earnings Releases·Nov 12, 2026, 4:16 PM ET

MultiSensor AI — Third Quarter 2026 Earnings Summary

Total revenue declined 6% to $1.5 million for the quarter but grew 16% to $4.8 million for the nine months ended September 30, 2026, driven by an 81% year-over-year increase in software revenue to $2.3 million for the period.
Net loss narrowed 27% to $6.9 million for the nine months ended September 30, 2026, from $9.4 million in 2025, while cash burn slowed with net cash used in operating activities decreasing to $4.5 million from $5.8 million in the prior year period.
Strategic expansion includes a 14-site North American rollout with a global distributor, a Manchester Airports Group expansion, and new pilots in Australia and a global cloud infrastructure provider, shifting the revenue mix toward software subscriptions.
The company maintains a debt-free balance sheet with $20.4 million in cash and $3.2 million in contract liabilities, positioning it to continue investing in recurring revenue despite a 16% reduction in cash equivalents since December 31, 2025.