Spectral AI, Inc. (MDAI)

Spectral AI Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-16.37	-15.32	-20.85	-2.91	-2.15
Depreciation & Amortization	0.05	0.01	0.01	0.01	-
Stock-Based Compensation	1.05	1.03	1.24	1.16	-
Other Adjustments	8.38	6.95	4.73	0.5	-1.27
Change in Receivables	1.84	-0.16	-0.05	-0.86	-
Changes in Inventories	-0.01	-0.2	-0.23	-	-
Changes in Accounts Payable	-0.26	1.43	-0.94	1.35	-
Changes in Accrued Expenses	-0.78	-1.09	1.36	0.05	2.91
Changes in Unearned Revenue	-0.49	-1.35	2.31	-	-
Changes in Other Operating Activities	-0.25	-0.5	-0.82	-0.45	-0.31
Operating Cash Flow	-6.9	-9.2	-13.24	-1.16	-0.83
Other Investing Activities	-	-	-	-	-253
Investing Cash Flow	-	-	-	-	-253
Long-Term Debt Issued	8.86	13.1	-	-	0.11
Long-Term Debt Repaid	-2.53	-7.76	-0.48	-0.79	-0.13
Net Long-Term Debt Issued (Repaid)	6.32	5.34	-0.48	-0.79	-0.02
Issuance of Common Stock	6.98	4.24	4.33	-	255
Net Common Stock Issued (Repurchased)	6.98	4.24	4.33	-	255
Other Financing Activities	-	-	-	-	-0.38
Financing Cash Flow	13.68	9.58	3.84	-0.79	254.6
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.01	-0.01	0.01	-	-
Net Cash Flow	6.79	0.37	-9.38	-1.95	0.77
Free Cash Flow	-6.9	-9.2	-13.24	-1.16	-0.83
FCF Margin	-35.61%	-31.10%	-73.33%	-4.58%	-
Free Cash Flow Per Share	-0.29	-0.51	-0.94	-0.09	-0.01
Levered Free Cash Flow	-8.23	-11.68	-19.64	-2.74	0.42
Unlevered Free Cash Flow	-5.81	-8.17	-11.28	-1.59	-0.83

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q