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 Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -10.09 | -7.57 | -15.16 | -20.85 | -2.91 | -3.99 |
Depreciation & Amortization | 0.7 | 0.64 | 0.59 | 0.72 | 0.57 | 0 |
Other Amortization | 0.67 | 0.45 | - | - | - | - |
Stock-Based Compensation | 1.49 | 1.12 | 1.03 | 1.24 | 1.16 | 1.37 |
Other Operating Activities | -3.45 | -2.52 | 6.37 | 4.01 | -0.06 | -0.3 |
Change in Accounts Receivable | 0.29 | 1.24 | -0.16 | -0.05 | -0.86 | 1.26 |
Change in Inventory | -0.35 | -0.41 | -0.2 | -0.23 | - | - |
Change in Accounts Payable | -0.26 | -1.03 | 1.43 | -0.94 | 1.35 | -2.4 |
Change in Unearned Revenue | -0.4 | -0.81 | -1.35 | 2.93 | -0.55 | -0.07 |
Change in Other Net Operating Assets | -1.48 | -1.02 | -1.75 | -0.08 | 0.15 | 1.22 |
Operating Cash Flow | -12.88 | -9.92 | -9.2 | -13.24 | -1.16 | -2.92 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | - | - | - | - | - | -0.01 |
Investing Cash Flow | - | - | - | - | - | -0.01 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | 1 | - | - | - |
Long-Term Debt Issued | - | 8.29 | 12.1 | - | - | - |
Total Debt Issued | 6.53 | 8.29 | 13.1 | - | - | - |
Long-Term Debt Repaid | - | -1.53 | -7.76 | -0.48 | -0.79 | -0.7 |
Total Debt Repaid | -0.53 | -1.53 | -7.76 | -0.48 | -0.79 | -0.7 |
Net Debt Issued (Repaid) | 5.99 | 6.76 | 5.34 | -0.48 | -0.79 | -0.7 |
Issuance of Common Stock | 11.05 | 14.05 | 4.24 | 3.67 | - | 14.62 |
Other Financing Activities | -0.69 | -0.69 | - | 0.66 | - | - |
Financing Cash Flow | 16.36 | 20.12 | 9.58 | 3.84 | -0.79 | 13.92 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -0.02 | 0.04 | -0.01 | 0.01 | - | - |
Net Cash Flow | 3.46 | 10.24 | 0.37 | -9.38 | -1.95 | 11 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -12.88 | -9.92 | -9.2 | -13.24 | -1.16 | -2.93 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -83.66% | -50.48% | -31.10% | -73.33% | -4.58% | -19.19% |
Free Cash Flow Per Share | -0.42 | -0.37 | -0.51 | -0.94 | -0.09 | -0.03 |
Levered Free Cash Flow | -6.56 | -1.38 | -0.66 | -2.16 | 0.22 | -1.54 |
Unlevered Free Cash Flow | -5.84 | -0.34 | 1.2 | -2.16 | 0.22 | -1.53 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 0.6 | 0.02 | 0.01 | 0.03 | 0.02 | 0.01 |
Cash Income Tax Paid | 0.14 | 0.1 | 0.01 | 0.11 | 0.05 | 0.26 |
Change in Working Capital | -2.21 | -2.03 | -2.03 | 1.63 | 0.08 | 0 |