Spectral AI 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	10.5	5.16	4.79	14.17	16.12	5.12
Cash & Short-Term Investments	10.5	5.16	4.79	14.17	16.12	5.12
Cash Growth	183.50%	7.66%	-66.21%	-12.08%	214.58%	-
Receivables	0.99	2.51	2.35	2.91	1.51	2.69
Inventory	0.45	0.43	0.23	-	-	-
Prepaid Expenses	0.71	1.29	1.45	0.33	0.84	0.09
Other Current Assets	0.82	0.75	1.08	0.27	-	-
Total Current Assets	13.46	10.12	9.9	17.69	18.47	7.91
Property, Plant & Equipment	1.84	1.97	0.79	1.03	0.03	-
Other Long-Term Assets	-	-	-	-	0.04	0.03
Total Assets	15.3	12.1	10.69	18.72	18.54	7.94
Accounts Payable	2.54	4.04	2.68	2.76	1.41	3.8
Accrued Expenses	2.33	3.02	4.19	2.52	2.58	1.12
Short-Term Debt	-	2.79	-	-	-	-
Current Portion of Long-Term Debt	1.21	-	0.44	0.18	0.58	-
Current Portion of Leases	0.71	0.2	0.85	0.68	-	-
Current Income Taxes Payable	0.15	0.19	0.11	0.11	-	-
Current Unearned Revenue	0.24	0.96	2.31	-	-	-
Other Current Liabilities	8.59	6.45	1.82	0.13	0.21	-
Total Current Liabilities	15.77	17.64	12.4	6.37	4.79	4.92
Long-Term Debt	6.58	-	-	-	-	0.77
Long-Term Leases	1.16	1.7	-	0.35	-	-
Total Liabilities	23.5	19.35	12.4	6.72	4.79	5.69
Common Stock	0	0	0	0	0.14	0.06
Additional Paid-In Capital	48.61	40.85	31.07	23.93	22.64	6.1
Retained Earnings	-56.85	-48.1	-32.79	-11.93	-9.02	-5.02
Comprehensive Income & Other	0.04	0	0.01	-	-	-
Total Common Equity	-8.2	-7.25	-1.71	12	13.75	1.14
Shareholders' Equity	-8.2	-7.25	-1.71	12	13.75	2.25
Total Liabilities & Equity	15.3	12.1	10.69	18.72	18.54	7.94
Total Debt	9.67	4.69	1.29	1.2	0.58	0.77
Net Cash (Debt)	0.83	0.47	3.5	12.97	15.54	4.36
Net Cash Growth	-	-86.66%	-73.01%	-16.51%	256.70%	-
Net Cash Per Share	0.03	0.03	0.25	0.99	0.15	0.03
Filing Date Shares Outstanding	30.69	25.32	17.47	135.41	135.03	61.34
Total Common Shares Outstanding	27.25	22.59	16.29	135.41	135.03	61.34
Working Capital	-2.3	-7.52	-2.5	11.31	13.68	2.99
Book Value Per Share	-0.30	-0.32	-0.10	0.09	0.10	0.02
Tangible Book Value	-8.2	-7.25	-1.71	12	13.75	1.14
Tangible Book Value Per Share	-0.30	-0.32	-0.10	0.09	0.10	0.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q