Marpai Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.13	0.76	1.15	13.76	19.18
Cash & Short-Term Investments	0.13	0.76	1.15	13.76	19.18
Cash Growth	-82.59%	-33.39%	-91.67%	-28.25%	993.32%
Accounts Receivable	0.98	1.41	1.89	1.79	0.22
Other Receivables	-	-	-	0.03	0.09
Receivables	0.98	1.41	1.89	1.82	0.32
Prepaid Expenses	0.41	0.76	0.9	1.6	0.74
Restricted Cash	8.82	8.47	12.35	9.35	6.75
Other Current Assets	-	0.5	0.8	-	-
Total Current Assets	10.34	11.9	17.09	26.54	26.99
Property, Plant & Equipment	0.22	0.3	2.98	5.35	2.93
Goodwill	-	-	3.02	5.84	2.38
Other Intangible Assets	0.06	0.44	7.3	10.91	11.81
Other Long-Term Assets	0.29	0.24	1.29	1.31	0.08
Total Assets	10.9	12.88	31.68	49.95	44.2
Accounts Payable	3.67	3.11	4.65	1.46	1.13
Accrued Expenses	1.92	2.34	2.65	5.03	2.11
Current Portion of Long-Term Debt	11.04	6.11	0.63	-	-
Current Portion of Leases	0.26	0.24	0.51	1.31	0.78
Current Unearned Revenue	0.09	0.63	0.66	0.29	1.17
Other Current Liabilities	8.72	6.56	11.74	9.27	5.96
Total Current Liabilities	25.69	18.98	20.84	17.36	11.15
Long-Term Debt	17.2	5.92	-	-	-
Long-Term Leases	0.53	0.79	3.68	4.77	1.3
Long-Term Deferred Tax Liabilities	-	-	1.19	1.48	2
Other Long-Term Liabilities	0.05	14.89	19.4	20.2	0.05
Total Liabilities	43.47	40.59	45.12	43.82	14.49
Common Stock	0	0	0	0	0
Additional Paid-In Capital	82.83	71.12	63.31	54.13	51.23
Retained Earnings	-115.39	-98.83	-76.75	-47.99	-21.53
Shareholders' Equity	-32.56	-27.71	-13.44	6.13	29.71
Total Liabilities & Equity	10.9	12.88	31.68	49.95	44.2
Total Debt	29.02	13.07	4.83	6.08	2.09
Net Cash (Debt)	-28.89	-12.31	-3.68	7.68	17.1
Net Cash Growth	-	-	-	-55.07%	-
Net Cash Per Share	-1.66	-1.07	-0.53	1.52	6.79
Filing Date Shares Outstanding	25.29	14.9	10.3	5.35	5.07
Total Common Shares Outstanding	24.04	14.24	7.96	5.32	5.07
Working Capital	-15.36	-7.09	-3.76	9.18	15.85
Book Value Per Share	-1.35	-1.95	-1.69	1.15	5.85
Tangible Book Value	-32.62	-28.15	-23.76	-10.61	15.51
Tangible Book Value Per Share	-1.36	-1.98	-2.98	-2.00	3.06
Machinery	-	-	0.76	1.41	0.56
Leasehold Improvements	-	-	-	0.75	0.62

Source: S&P Global Market Intelligence. Standard template. Financial Sources.