Spectral AI, Inc.
Spectral AI, Inc.
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Related Party | - | - | - | - | - | - | - | 0 | 0 | 1 | - | - | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash | 14 | 12 | 15 | 10 | 11 | 14 | 5 | 4 | 7 | 10 | 5 | 7 | |||||
Accounts Receivable Net Current | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 | 2 | 2 | 2 | 1 | |||||
Inventory Net | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Unbilled Receivables Current | - | - | - | - | - | - | - | - | - | - | - | 0 | |||||
Deferred Costs Current | - | - | - | - | - | - | - | - | - | - | 0 | - | |||||
Prepaid Expense Current | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | |||||
Deferred Offering Costs | - | - | - | - | - | - | - | - | - | - | 0 | - | |||||
Other Assets Current | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Assets Current | 18 | 16 | 19 | 13 | 14 | 19 | 10 | 9 | 12 | 15 | 10 | 11 | |||||
Non Current Assets | |||||||||||||||||
Assets Noncurrent | |||||||||||||||||
Property Plant And Equipment Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Operating Lease Right Of Use Asset | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | |||||
Other Assets Noncurrent | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | |||||
Assets | 19 | 18 | 21 | 15 | 16 | 21 | 12 | 12 | 14 | 15 | 11 | 12 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 2 | 1 | 3 | 3 | 2 | 3 | 4 | 3 | 2 | 3 | 3 | 3 | |||||
Accrued Liabilities Current | 2 | 3 | 2 | 2 | 3 | 4 | 3 | 3 | 3 | 4 | 4 | 4 | |||||
Deferred Revenue Current | - | - | - | - | - | - | - | - | - | 2 | 2 | 1 | |||||
Contract With Customer Liability Current | 0 | - | 0 | 0 | 0 | 1 | 1 | 1 | 1 | - | 2 | - | |||||
Operating Lease Liability Current | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | |||||
Notes Payable Current | 4 | 4 | 3 | 1 | 0 | 0 | 0 | 1 | - | 0 | 0 | 1 | |||||
Other Loans Payable Current | - | - | - | - | - | - | 2 | 4 | 7 | 5 | - | - | |||||
Derivative Liabilities Current | 12 | 13 | 12 | 9 | 11 | 5 | 6 | - | - | - | - | 1 | |||||
Warrants And Rights Outstanding | - | - | 1 | - | - | - | 6 | 1 | 1 | 2 | 2 | - | |||||
Liabilities Current | 20 | 21 | 21 | 16 | 16 | 13 | 18 | 13 | 16 | 18 | 12 | 11 | |||||
Long Term Debt Noncurrent | 11 | 5 | 6 | 7 | 8 | 8 | - | - | - | - | - | - | |||||
Operating Lease Liability Noncurrent | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | - | - | 0 | |||||
Liabilities | 31 | 27 | 27 | 24 | 25 | 22 | 19 | 16 | 18 | 18 | 12 | 11 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 51 | 50 | 50 | 49 | 44 | 44 | 41 | 36 | 35 | 34 | 31 | 31 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||
Retained Earnings Accumulated Deficit | -63 | -59 | -56 | -57 | -53 | -45 | -48 | -40 | -39 | -36 | -33 | -29 | |||||
Stockholders Equity | -12 | -9 | -6 | -8 | -9 | -2 | -7 | -5 | -5 | -2 | -2 | 1 | |||||
Liabilities And Stockholders Equity | 19 | 18 | 21 | 15 | 16 | 21 | 12 | 12 | 14 | 15 | 11 | 12 | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | |||||
Common Stock Shares Issued | 32 | 32 | 31 | 27 | 26 | 26 | 23 | 19 | 18 | 17 | 16 | 16 | |||||
Shares Outstanding | 32 | 32 | 31 | 27 | 26 | 26 | 23 | 19 | 18 | 17 | 16 | 16 | |||||
Subscribe to unlock 17+ years of financial data, unlimited metrics, and saved tables
Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables
Custom Table
Subscribe to unlock 17+ years of financial data, unlimited metrics, transformations, and saved visuals
Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals
Interactive Financial Visualizations
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.35% | -12.25% | -22.55% | - | - | - | - | - | - | - | - | - |
| 2025 | 48.15% | 98.52% | 74.81% | -13.95% | 5.44% | 0.71% | 0.00% | -12.12% | 6.06% | 22.73% | 57.79% | 18.18% |
| 2024 | -1.19% | 4.76% | 6.55% | -19.28% | -37.95% | -11.45% | 27.15% | 82.12% | 27.15% | 9.57% | 26.96% | 90.43% |
| 2023 | - | - | - | 11.20% | -70.86% | -72.31% | 6.18% | 11.64% | -28.73% | - | - | - |
Earnings Market Reaction data beyond 3 years is for subscribers only. Unlock the full earnings market reaction history Start 7-day free trial | ||||||||||||
Subscribe to unlock 17+ years of financial data and 90+ calculated metrics
Subscribe to unlock 17+ years of data and 90+ calculated metrics
Performance and Valuation Metrics
Rows marked with a lock icon are subscribers only — subscribe to unlock 90+ calculated metrics and 17+ years of history.
Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.90 | 0.75 | 0.94 | 0.85 | 0.87 | 1.41 | 0.57 | 0.73 | 0.72 | 0.85 | 0.80 | 1.07 | |||||
| Quick Ratio | 0.83 | 0.68 | 0.86 | 0.78 | 0.78 | 1.28 | 0.48 | 0.58 | 0.63 | 0.75 | 0.66 | 0.88 | |||||
| Working Capital | -2.08M | -5.29M | -1.17M | -2.30M | -2.19M | 5.42M | -7.52M | -3.57M | -4.47M | -2.63M | -2.50M | 709.00K | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -2.61 | -3.01 | -4.74 | -2.87 | -2.75 | -13.74 | -2.67 | -3.34 | -3.86 | -7.10 | -7.26 | 7.47 | |||||
| Interest Coverage TTM | -10.75 | -8.61 | -9.71 | -10.11 | -11.22 | -95.27 | -131.64 | -300.00 | -188.39 | -24.04 | -10.45 | -2.40 | |||||
| Debt Ratio | 1.62 | 1.50 | 1.27 | 1.54 | 1.57 | 1.08 | 1.60 | 1.37 | 1.31 | 1.13 | 1.16 | 0.88 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.87 | 0.88 | 1.17 | 1.72 | 1.84 | 1.66 | 2.60 | 2.28 | 2.35 | 1.85 | 1.23 | 0.23 | |||||
| Days Sales Outstanding TTM | 31.39 | 35.44 | 35.03 | 30.12 | 24.92 | 23.94 | 29.93 | 27.75 | 37.18 | 34.56 | 46.90 | 15.40 | |||||
| Receivables Turnover TTM | 11.63 | 10.30 | 10.42 | 12.12 | 14.65 | 15.24 | 12.20 | 13.15 | 9.82 | 10.56 | 7.78 | 23.70 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.31 | -0.44 | -0.29 | -0.62 | -0.56 | -0.38 | -0.85 | -0.62 | -1.15 | -1.23 | -1.48 | -1.04 | |||||
| Free Cash Flow Per Share TTM | -0.33 | -0.38 | -0.37 | -0.20 | -0.18 | -0.35 | -0.51 | -0.67 | -0.90 | -0.73 | -0.94 | -0.81 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 42.92% | 45.97% | 45.42% | 45.01% | 45.28% | 45.05% | 44.87% | 45.34% | 45.12% | 44.78% | 43.64% | 41.98% | |||||
| Operating Profit Margin TTM | -77.17% | -57.15% | -43.78% | -32.25% | -18.21% | -17.81% | -22.25% | -30.81% | -51.84% | -63.35% | -71.91% | -37.74% | |||||
| Net Profit Margin TTM | -65.54% | -81.97% | -38.53% | -69.96% | -51.40% | -30.22% | -51.24% | -40.78% | -89.85% | -105.94% | -115.50% | -46.31% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -44.13% | -43.48% | -33.57% | -15.02% | 22.27% | 55.21% | 63.83% | -12.33% | -35.06% | -36.60% | -28.82% | 341.87% | |||||
| Net Income Growth (1Y) | -28.76% | 53.27% | -50.05% | 45.77% | -30.05% | -55.72% | -27.31% | -22.79% | 387.48% | -5,535.55% | -288.91% | -518.85% | |||||
| EPS Growth (1Y) | -43.55% | 10.94% | -66.22% | -1.07% | -51.58% | -68.10% | -42.90% | -40.25% | 265.93% | -4,429.52% | -276.16% | -498.33% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -5.50 | -3.36 | -4.97 | -3.70 | -4.45 | -2.92 | -3.35 | -1.70 | -1.53 | -1.72 | -1.66 | -2.46 | |||||
| P/B TTM | -4.60 | -5.30 | -6.58 | -7.32 | -6.89 | -16.26 | -7.00 | -3.96 | -6.58 | -14.29 | -20.28 | 24.37 | |||||
| P/S TTM | 3.61 | 2.76 | 1.92 | 2.59 | 2.29 | 0.88 | 1.72 | 0.69 | 1.37 | 1.83 | 1.92 | 1.14 | |||||
| Market Cap | 55.50M | 46.68M | 37.66M | 60.01M | 63.05M | 26.43M | 50.75M | 18.93M | 30.97M | 35.27M | 34.66M | 35.48M | |||||
| Enterprise Value | 56.43M | 43.44M | 30.65M | 57.31M | 60.22M | 20.13M | 46.02M | 15.83M | 24.10M | 25.33M | 30.30M | 28.77M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -10.66M | -12.14M | -9.92M | -5.39M | -4.52M | -8.02M | -9.20M | -12.04M | -15.76M | -12.17M | -13.24M | -11.16M | |||||
| Net Debt | 934.00K | -3.24M | -7.00M | -2.70M | -2.83M | -6.31M | -4.74M | -3.11M | -6.88M | -9.94M | -4.35M | -6.72M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| EV Revenue TTM | |||||||||||||||||
| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Insider Transactions
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Institutional Ownership
Spectral AI, Inc. (MDAI) — SEC Financial Statements & Analysis
Spectral AI, Inc. (MDAI) is a surgical & medical instruments & apparatus company, incorporated in DE. Spectral AI, Inc. trades on Nasdaq as: MDAI, MDAIW. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Spectral AI, Inc. reported a -44.13% year-over-year revenue growth, a Gross Profit Margin of 42.92% (TTM), a Debt-to-Equity ratio of -2.61x, a Price-to-Sales (P/S) ratio of 3.61x (TTM), a Price-to-Book (P/B) ratio of -4.60x (TTM), at a market cap of $55.50M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -44.13%
- Gross Profit Margin TTM
- 42.92%
- Debt To Equity
- -2.61x
- P/S TTM
- 3.61x
- P/B TTM
- -4.60x
- Market Cap
- $55.50M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Spectral AI, Inc. in?
Spectral AI, Inc. (MDAI) operates in the Surgical & Medical Instruments & Apparatus industry.
What is MDAI's market cap?
Spectral AI, Inc. (MDAI) has a market capitalization of $55.50M as of 2026-06-30.
What exchange does MDAI trade on?
Spectral AI, Inc. (MDAI) trades on the Nasdaq.
Where is Spectral AI, Inc. incorporated?
Spectral AI, Inc. is incorporated in DE.