Marpai Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.45	0.76	1.15	13.76	19.18	1.75
Cash & Short-Term Investments	0.45	0.76	1.15	13.76	19.18	1.75
Cash Growth	-46.39%	-33.39%	-91.67%	-28.25%	993.32%	836.57%
Accounts Receivable	1.17	1.41	1.89	1.79	0.22	-
Other Receivables	-	-	-	0.03	0.09	0.1
Receivables	1.17	1.41	1.89	1.82	0.32	0.1
Prepaid Expenses	0.4	0.76	0.9	1.6	0.74	0.26
Restricted Cash	10.07	8.47	12.35	9.35	6.75	0.06
Other Current Assets	-	0.5	0.8	-	-	-
Total Current Assets	12.08	11.9	17.09	26.54	26.99	2.18
Property, Plant & Equipment	0.25	0.3	2.98	5.35	2.93	0.53
Goodwill	-	-	3.02	5.84	2.38	-
Other Intangible Assets	0.12	0.44	7.3	10.91	11.81	3.82
Other Long-Term Assets	0.3	0.24	1.29	1.31	0.08	-
Total Assets	12.75	12.88	31.68	49.95	44.2	6.53
Accounts Payable	4.41	3.11	4.65	1.46	1.13	0.16
Accrued Expenses	1.78	2.34	2.65	5.03	2.11	0.28
Current Portion of Long-Term Debt	6.16	6.11	0.63	-	-	1.87
Current Portion of Leases	0.26	0.24	0.51	1.31	0.78	0.1
Current Unearned Revenue	0.65	0.63	0.66	0.29	1.17	-
Other Current Liabilities	9.53	6.56	11.74	9.27	5.96	0.24
Total Current Liabilities	22.78	18.98	20.84	17.36	11.15	2.65
Long-Term Debt	22.72	25.62	-	-	-	7.1
Long-Term Leases	0.6	0.79	3.68	4.77	1.3	0.28
Long-Term Deferred Tax Liabilities	-	-	1.19	1.48	2	-
Other Long-Term Liabilities	-	-4.81	19.4	20.2	0.05	-
Total Liabilities	46.1	40.59	45.12	43.82	14.49	10.03
Common Stock	0	0	0	0	0	0
Additional Paid-In Capital	76.42	71.12	63.31	54.13	51.23	2.04
Retained Earnings	-109.77	-98.83	-76.75	-47.99	-21.53	-5.54
Shareholders' Equity	-33.35	-27.71	-13.44	6.13	29.71	-3.5
Total Liabilities & Equity	12.75	12.88	31.68	49.95	44.2	6.53
Total Debt	29.73	32.77	4.83	6.08	2.09	9.34
Net Cash (Debt)	-29.29	-32.01	-3.68	7.68	17.1	-7.59
Net Cash Growth	-	-	-	-55.07%	-	-
Net Cash Per Share	-1.90	-2.78	-0.53	1.52	6.79	-12.50
Filing Date Shares Outstanding	23.53	14.9	10.3	5.35	5.07	0.04
Total Common Shares Outstanding	18.46	14.24	7.96	5.32	5.07	0.04
Working Capital	-10.7	-7.09	-3.76	9.18	15.85	-0.47
Book Value Per Share	-1.81	-1.95	-1.69	1.15	5.85	-98.24
Tangible Book Value	-33.47	-28.15	-23.76	-10.61	15.51	-7.32
Tangible Book Value Per Share	-1.81	-1.98	-2.98	-2.00	3.06	-205.54
Machinery	-	-	0.76	1.41	0.56	0.1
Leasehold Improvements	-	-	-	0.75	0.62	0.19

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