MultiSensor AI Holdings (MSAI) Cost of Revenue (2023 - 2026)
MultiSensor AI Holdings' Cost of Revenue came in at $919,000 for Q2 2026, down 15.2% from $1.08 million a year earlier but up 31.3% from the prior quarter.
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Analysis
MultiSensor AI Holdings (MSAI) Cost of Revenue (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, MultiSensor AI Holdings reported Cost of Revenue of $2.7 million, up 10.8% year-over-year; for FY2025, it was $2.64 million, up 2.2% from FY2024.
- Cost of Revenue carries a three-year compound annual growth rate of -19.0% (FY2022 to FY2025).
- Going back by year, Cost of Revenue was $2.58 million in FY2024 (+12.4%), $2.3 million in FY2023 (-53.7%) and $4.96 million in FY2022.
- The five-year range for quarterly Cost of Revenue is $342,000 (Q4 2024) to $1.95 million (Q2 2023).
- Year-over-year, Cost of Revenue increased in five of the last eight quarters, with growth averaging 11.2%.
- The fastest year-over-year change in Cost of Revenue over five years came in Q1 2024 (growth of 151.6%), and the weakest in Q2 2024 (a decline of 72.3%).
- Business Quant data shows MSAI's Cost of Revenue at $700,000 (Q1 2026), $512,000 (Q4 2025) and $566,000 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | 1.11 Bn |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | 510.08 Mn |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | 240.11 Mn |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 164.00 Mn |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 357.94 Mn |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | 202.01 Mn |
| 10 | MultiSensor AI Holdings | 10.26 Mn | -58.73 Mn | 776,000.00 | 919,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 919,000.00 |
| Mar 31, 2026 | 700,000.00 |
| Dec 31, 2025 | 512,000.00 |
| Sep 30, 2025 | 566,000.00 |
| Jun 30, 2025 | 1.08 Mn |
| Mar 31, 2025 | 476,000.00 |
| Dec 31, 2024 | 342,000.00 |
| Sep 30, 2024 | 533,000.00 |
| Jun 30, 2024 | 538,000.00 |
| Mar 31, 2024 | 1.17 Mn |
| Dec 31, 2023 | 821,000.00 |
| Sep 30, 2023 | 452,000.00 |
| Jun 30, 2023 | 1.95 Mn |
| Mar 31, 2023 | 465,000.00 |
API Access
MultiSensor AI Holdings Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MSAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MSAI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MSAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();