Event-Driven Stocks

MultiSensor AI Holdings, Inc.

MSAINasdaq

Industrials · Optical Instruments & Lenses · DE · SEC filings ↗ · Compare ⊕

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Signs● 3 good● 4 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21
Revenue$5.6M$7.4M$5.4M$7.3M—
Operating income−$12.0M−$18.9M−$21.5M−$12.0M−$424,882
Net income−$11.7M−$21.5M−$22.3M−$13.3M−$413,954
Total assets$35.5M$15.5M$16.4M$17.5M$118.7M
Total liabilities$3.4M$3.2M$16.6M$25.7M$200,274
Equity$32.0M$12.3M−$268,000−$8.2M$0
EPS (diluted)$-0.31$-1.07$-3.56$-2.51—
Shares out.33.0M12.0M15.1M15.1M3.5M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−216.4%
Net margin
−211.0%
Return on equity
−36.6%
Return on assets
−33.0%
Return on capital (ROCE)
−36.6%
Liabilities / assets
9.7%
Debt / equity
0.11×
Book value / share
$0.97
Revenue growth (YoY)
−25.0%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
6.62safe
Accruals / assets
−10.4%clean
Piotroski F-Score
5/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
47
/ 100
Profitability 0Growth 0Catalyst 67Earnings quality 67Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 1 severe● 4 warning● 3 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 2026124,8872.8+16.5%
Apr 30, 2026107,2002.0+6.8%
Apr 15, 2026100,4011.5-94.6%
Mar 31, 20261.9M1.5+263.3%
Mar 13, 2026511,9491.0-22.6%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (3)

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