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MultiSensor AI vs Nova: revenue, profit, margins and growth compared

MultiSensor AI brought in $5.6M of revenue in fiscal 2025, Nova $880.6M in fiscal 2025. Revenue changed by -25.0% at MultiSensor AI and +31.0% at Nova on the year before, so Nova grew faster. MultiSensor AI kept -211.0% of its revenue as net profit, Nova 29.4%. Free cash flow was -$9.7M at MultiSensor AI and $217.9M at Nova.

Side by side, latest fiscal year

MSAINVMI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$5.6M$880.6M
Revenue growth-25.0%+31.0%
Net income-$11.7M$259.2M
Net margin-211.0%29.4%
Free cash flow-$9.7M$217.9M
Free cash flow margin-173.9%24.7%
Earnings per share (diluted)-$0.31$7.96
Cash$24.4M$214.5M
Debtn/an/a
Price to earningsn/an/a
Market value$10.6M$11.7B
Dividend yieldn/an/a
Rank by revenue in sector#568 of 638 · Technology#234 of 638 · Technology

Over the years

Revenue
MSAI FY2022: $7.3MMSAI FY2023: $5.4MMSAI FY2024: $7.4MMSAI FY2025: $5.6MNVMI FY2018: $251.1MNVMI FY2019: $224.9MNVMI FY2020: $269.4MNVMI FY2021: $416.1MNVMI FY2022: $570.7MNVMI FY2023: $517.9MNVMI FY2024: $672.4MNVMI FY2025: $880.6MFY18FY19FY20FY21FY22FY23FY24FY25
MSAI $5.6MNVMI $880.6M
Net income
MSAI FY2022: -$13.3MMSAI FY2023: -$22.3MMSAI FY2024: -$21.5MMSAI FY2025: -$11.7MNVMI FY2018: $54.4MNVMI FY2019: $35.2MNVMI FY2020: $47.9MNVMI FY2021: $93.1MNVMI FY2022: $140.2MNVMI FY2023: $136.3MNVMI FY2024: $183.8MNVMI FY2025: $259.2MFY18FY19FY20FY21FY22FY23FY24FY25
MSAI -$11.7MNVMI $259.2M
Net margin
MSAI FY2022: -182.9%MSAI FY2023: -410.1%MSAI FY2024: -290.4%MSAI FY2025: -211.0%NVMI FY2018: 21.7%NVMI FY2019: 15.6%NVMI FY2020: 17.8%NVMI FY2021: 22.4%NVMI FY2022: 24.6%NVMI FY2023: 26.3%NVMI FY2024: 27.3%NVMI FY2025: 29.4%FY18FY19FY20FY21FY22FY23FY24FY25
MSAI -211.0%NVMI 29.4%
Revenue growth
MSAI FY2023: -25.3%MSAI FY2024: +36.3%MSAI FY2025: -25.0%NVMI FY2019: -10.4%NVMI FY2020: +19.8%NVMI FY2021: +54.5%NVMI FY2022: +37.2%NVMI FY2023: -9.3%NVMI FY2024: +29.8%NVMI FY2025: +31.0%FY19FY20FY21FY22FY23FY24FY25
MSAI -25.0%NVMI +31.0%
Free cash flow
MSAI FY2022: -$4.8MMSAI FY2023: -$6.1MMSAI FY2024: -$18.2MMSAI FY2025: -$9.7MNVMI FY2018: $33.4MNVMI FY2019: $19.4MNVMI FY2020: $53.8MNVMI FY2021: $127.4MNVMI FY2022: $98.2MNVMI FY2023: $106.3MNVMI FY2024: $218.1MNVMI FY2025: $217.9MFY18FY19FY20FY21FY22FY23FY24FY25
MSAI -$9.7MNVMI $217.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about MultiSensor AI and Nova

Which is bigger by revenue, MultiSensor AI or Nova?

Nova is bigger by revenue: $880.6M in fiscal 2025, against $5.6M for MultiSensor AI in fiscal 2025.

Which keeps more of its revenue as profit, MultiSensor AI or Nova?

MultiSensor AI had a net margin of -211.0% in fiscal 2025; Nova had 29.4% in fiscal 2025.

Which grew revenue faster, MultiSensor AI or Nova?

In their latest fiscal years revenue changed by -25.0% at MultiSensor AI and +31.0% at Nova.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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