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Spectral AI, Inc. (MDAI)
NASDAQ: MDAI · Real-Time Price · USD
1.560
-0.040 (-2.50%)
Oct 13, 2026, 4:00 PM EDT - Market closed

Spectral AI Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
15.3919.6529.5818.0625.3715.24
Revenue Growth
-44.13%-33.57%63.83%-28.82%66.47%-11.92%
Gross Profit
6.618.9313.277.8810.847.05
Operating Income
-11.88-8.6-6.58-12.98-2.65-4.18
Net Income
-10.09-7.57-15.16-20.85-2.91-5.25
Earnings Per Share
-0.33-0.29-0.85-1.48-0.22-0.05
EPS Growth
------

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
13.9815.395.164.7914.1716.12
Total Debt
16.2610.094.691.291.20.58
Net Cash (Debt)
-2.285.30.473.512.9715.54
Net Cash Growth
-1034.90%-86.66%-73.01%-16.51%256.70%
Net Cash Per Share
-0.080.200.030.250.990.15

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-12.88-9.92-9.2-13.24-1.16-2.92
Capital Expenditures
------0.01
Free Cash Flow
-12.88-9.92-9.2-13.24-1.16-2.93
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
42.92%45.42%44.87%43.64%42.72%46.28%
Operating Margin
-77.17%-43.78%-22.25%-71.91%-10.43%-27.42%
Pretax Margin
-64.76%-38.47%-50.86%-115.44%-11.06%-26.81%
Profit Margin
-65.54%-38.53%-51.24%-115.50%-11.48%-34.43%
FCF Margin
-83.66%-50.48%-31.10%-73.33%-4.58%-19.19%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PS Ratio
3.262.222.062.2212.5920.36