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Side-by-side financial comparison of MultiSensor AI Holdings, Inc. (MSAI) and AgEagle Aerial Systems Inc. (UAVS). Click either name above to swap in a different company.
AgEagle Aerial Systems Inc. is the larger business by last-quarter revenue ($2.0M vs $1.4M, roughly 1.4× MultiSensor AI Holdings, Inc.). AgEagle Aerial Systems Inc. runs the higher net margin — -132.7% vs -164.1%, a 31.4% gap on every dollar of revenue. On growth, MultiSensor AI Holdings, Inc. posted the faster year-over-year revenue change (-0.9% vs -40.0%). MultiSensor AI Holdings, Inc. produced more free cash flow last quarter ($-2.6M vs $-3.3M). Over the past eight quarters, AgEagle Aerial Systems Inc.'s revenue compounded faster (-17.9% CAGR vs -21.9%).
Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.
Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial vehicles. It is an important company within the defense industry of Israel.
MSAI vs UAVS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4M | $2.0M |
| Net Profit | $-2.3M | $-2.6M |
| Gross Margin | — | 38.5% |
| Operating Margin | -171.6% | -160.1% |
| Net Margin | -164.1% | -132.7% |
| Revenue YoY | -0.9% | -40.0% |
| Net Profit YoY | 23.7% | 24.4% |
| EPS (diluted) | $-0.02 | $-0.09 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.4M | — | ||
| Q3 25 | $1.6M | $2.0M | ||
| Q2 25 | $1.4M | $4.2M | ||
| Q1 25 | $1.2M | $3.6M | ||
| Q4 24 | $1.4M | $2.8M | ||
| Q3 24 | $1.6M | $3.3M | ||
| Q2 24 | $2.1M | $3.4M | ||
| Q1 24 | $2.3M | $3.9M |
| Q4 25 | $-2.3M | — | ||
| Q3 25 | $-1.7M | $-2.6M | ||
| Q2 25 | $-3.3M | $-1.3M | ||
| Q1 25 | $-4.4M | $7.1M | ||
| Q4 24 | $-3.0M | $-22.3M | ||
| Q3 24 | $-8.2M | $-3.5M | ||
| Q2 24 | $-6.4M | $-2.9M | ||
| Q1 24 | $-3.9M | $-6.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 38.5% | ||
| Q2 25 | — | 55.7% | ||
| Q1 25 | — | 58.5% | ||
| Q4 24 | — | 40.6% | ||
| Q3 24 | — | 49.7% | ||
| Q2 24 | — | 45.8% | ||
| Q1 24 | — | 50.2% |
| Q4 25 | -171.6% | — | ||
| Q3 25 | -107.6% | -160.1% | ||
| Q2 25 | -233.8% | -49.3% | ||
| Q1 25 | -394.6% | -27.5% | ||
| Q4 24 | -199.6% | -207.0% | ||
| Q3 24 | -541.5% | -56.7% | ||
| Q2 24 | -228.1% | -74.9% | ||
| Q1 24 | -112.7% | -61.5% |
| Q4 25 | -164.1% | — | ||
| Q3 25 | -106.5% | -132.7% | ||
| Q2 25 | -234.1% | -30.5% | ||
| Q1 25 | -379.1% | 193.5% | ||
| Q4 24 | -213.2% | -791.9% | ||
| Q3 24 | -511.5% | -105.3% | ||
| Q2 24 | -300.8% | -86.4% | ||
| Q1 24 | -172.4% | -162.2% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.05 | $-0.09 | ||
| Q2 25 | $-0.10 | $-0.32 | ||
| Q1 25 | $-0.14 | $-0.09 | ||
| Q4 24 | $0.07 | $52.35 | ||
| Q3 24 | $-0.34 | $-16.03 | ||
| Q2 24 | $-0.47 | $-12.06 | ||
| Q1 24 | $-0.33 | $-70.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $32.0M | $28.3M |
| Total Assets | $35.5M | $34.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.4M | — | ||
| Q3 25 | $1.1M | — | ||
| Q2 25 | $3.2M | — | ||
| Q1 25 | $4.7M | $3.8M | ||
| Q4 24 | $4.4M | $3.6M | ||
| Q3 24 | $8.6M | $265.1K | ||
| Q2 24 | $234.0K | $977.2K | ||
| Q1 24 | $491.0K | $822.9K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $420.4K | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $642.0K | — | ||
| Q1 24 | $2.8M | — |
| Q4 25 | $32.0M | — | ||
| Q3 25 | $8.3M | $28.3M | ||
| Q2 25 | $9.8M | $16.3M | ||
| Q1 25 | $12.9M | $4.2M | ||
| Q4 24 | $12.3M | $-5.7M | ||
| Q3 24 | $15.6M | $6.2M | ||
| Q2 24 | $1.6M | $8.1M | ||
| Q1 24 | $1.4M | $9.1M |
| Q4 25 | $35.5M | — | ||
| Q3 25 | $11.9M | $34.5M | ||
| Q2 25 | $14.6M | $23.2M | ||
| Q1 25 | $16.4M | $20.2M | ||
| Q4 24 | $15.5M | $20.6M | ||
| Q3 24 | $18.9M | $22.0M | ||
| Q2 24 | $16.4M | $22.8M | ||
| Q1 24 | $14.1M | $23.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.41× | — | ||
| Q1 24 | 2.04× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.2M | $-3.3M |
| Free Cash FlowOCF − Capex | $-2.6M | $-3.3M |
| FCF MarginFCF / Revenue | -187.3% | -168.0% |
| Capex IntensityCapex / Revenue | 26.2% | 0.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.7M | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.2M | — | ||
| Q3 25 | $-1.8M | $-3.3M | ||
| Q2 25 | $-804.0K | $-2.7M | ||
| Q1 25 | $-3.2M | $-1.3M | ||
| Q4 24 | $-3.1M | $-2.5M | ||
| Q3 24 | $-12.7M | $-1.1M | ||
| Q2 24 | $-303.0K | $-1.4M | ||
| Q1 24 | $492.0K | $-1.6M |
| Q4 25 | $-2.6M | — | ||
| Q3 25 | $-2.1M | $-3.3M | ||
| Q2 25 | $-1.3M | $-2.8M | ||
| Q1 25 | $-3.6M | $-1.3M | ||
| Q4 24 | $-4.1M | $-2.5M | ||
| Q3 24 | $-13.2M | $-1.1M | ||
| Q2 24 | $-844.0K | $-1.4M | ||
| Q1 24 | $-79.0K | $-1.6M |
| Q4 25 | -187.3% | — | ||
| Q3 25 | -136.1% | -168.0% | ||
| Q2 25 | -91.5% | -65.7% | ||
| Q1 25 | -308.6% | -35.8% | ||
| Q4 24 | -294.6% | -89.7% | ||
| Q3 24 | -823.2% | -32.7% | ||
| Q2 24 | -39.7% | -42.5% | ||
| Q1 24 | -3.5% | -40.5% |
| Q4 25 | 26.2% | — | ||
| Q3 25 | 21.5% | 0.7% | ||
| Q2 25 | 34.8% | 0.3% | ||
| Q1 25 | 37.2% | 0.3% | ||
| Q4 24 | 76.2% | 0.5% | ||
| Q3 24 | 30.5% | 0.0% | ||
| Q2 24 | 25.5% | 0.4% | ||
| Q1 24 | 25.1% | 0.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.18× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MSAI
Segment breakdown not available.
UAVS
| Drones Segment | $1.1M | 54% |
| Other | $912.5K | 46% |
