Spectral AI, Inc. (MDAI)

Spectral AI Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	13.98	15.39	5.16	4.79	14.17	0.77
Cash & Short-Term Investments	13.98	15.39	5.16	4.79	14.17	0.77
Cash Growth	32.84%	198.51%	7.66%	-66.21%	1742.14%	-
Accounts Receivable	1.18	1.27	2.51	2.35	0.62	-
Inventory	0.82	0.84	0.43	0.23	-	-
Other Current Assets	1.82	1.95	2.04	2.54	0.6	0.31
Total Current Assets	17.79	19.45	10.12	9.9	17.69	1.08
Net Property, Plant & Equipment	1.31	1.67	1.97	0.79	1.03	-
Long-Term Investments	-	-	-	-	-	253.03
Other Long-Term Assets	0.34	0.29	-	-	-	-
Total Assets	19.44	21.41	12.1	10.69	18.72	254.11

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1.73	3.01	4.04	2.68	2.76	-
Accrued Expenses	1.71	2.34	3.21	4.3	2.63	2.92
Short-Term Debt	3.86	2.85	2.79	0.44	0.18	-
Current Portion of Leases	0.78	0.73	0.2	0.85	0.68	-
Unearned Revenue	0.02	0.15	0.96	2.31	-	-
Other Current Liabilities	11.78	11.53	6.45	1.82	0.13	0.02
Total Current Liabilities	19.87	20.63	17.64	12.4	6.37	2.94
Long-Term Debt	11.06	5.54	-	-	-	-
Long-Term Leases	0.57	0.97	1.7	-	0.35	-
Other Long-Term Liabilities	-	-	-	-	-	19
Total Long-Term Liabilities	11.62	6.51	1.7	-	0.35	19
Total Liabilities	31.49	27.13	19.35	12.4	6.72	21.93

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0	0	0	0	0	0
Additional Paid-in Capital	51.3	50.03	40.97	31.07	23.93	-
Accumulated Other Comprehensive Income	0.03	0.04	0	0.01	-	-
Retained Earnings	-63.39	-55.8	-48.23	-32.79	-11.93	-20.83
Total Common Shareholders' Equity	-12.05	-5.73	-7.25	-1.71	12	-20.82
Minority Interest	-	-	-	-	-	253
Shareholders' Equity	-12.05	-5.73	-7.25	-1.71	12	232.18
Total Liabilities & Equity	19.44	21.41	12.1	10.69	18.72	254.11

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	16.26	10.09	4.69	1.29	1.2	0
Net Cash (Debt)	-2.28	5.3	0.47	3.5	12.97	0.77
Net Cash Growth	-	1034.90%	-86.66%	-73.01%	1586.05%	-
Net Cash Per Share	-0.08	0.20	0.03	0.25	0.99	0.01
Book Value	-12.05	-5.73	-7.25	-1.71	12	-20.82
Book Value Per Share	-0.40	-0.22	-0.40	-0.12	0.91	-0.21
Tangible Book Value	-12.05	-5.73	-7.25	-1.71	12	-20.82
Tangible Book Value Per Share	-0.40	-0.22	-0.40	-0.12	0.91	-0.21

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Aug 11, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 12, 2026

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