Marpai, Inc.

MRAI

Marpai, Inc.

MRAI

Insider Sentiment (TTM):

Last Purchase:2026-06-02Last Sale:2025-10-06Shares Purchased (TTM):1,255,061Shares Sold (TTM):14,000

Institutional Sentiment:

As of:2024-12-31Institutional Shares Owned:20,500Shares Outstanding:11,511,203Institutional Ownership Pct.:0.18%

Earnings Market Reaction:

Filing Date:2026-08-13Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

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
Assets Current
Nonrelated Party	-	-	-	-	-	-	-	-	-	2	0	-1
Related Party	-	-	-	-	-	-	-	-	-	2	0	-1
Cash And Cash Equivalents At Carrying Value	0	0	0	0	1	1	1	1	1	1	1	3
Restricted Cash Current	6	8	9	10	8	11	8	11	13	13	12	11
Assets
Accounts Receivable Net Current	1	1	1	0	1	0	1	1	1	0	1	1
Unbilled Receivables Current	1	1	0	1	1	0	1	1	1	1	1	1
Accounts And Other Receivables Net Current	-	-	-	-	-	-	1	1	1	-	1	0
Prepaid Expense And Other Assets Current	0	0	0	0	1	1	1	1	1	1	1	1
Assets Current	9	10	10	12	10	13	12	15	17	17	17	17
Property Plant And Equipment Net	-	-	0	-	-	-	0	1	1	1	1	1
Capitalized Computer Software Net	-	-	0	0	0	0	0	1	1	2	2	3
Operating Lease Right Of Use Asset	0	0	0	0	0	0	0	2	2	2	2	3
Deposits Assets Noncurrent	0	0	0	0	0	0	0	-	-	-	1	-
Other Assets Noncurrent	0	0	0	0	0	0	0	0	0	0	0	0
Assets	9	11	11	13	11	14	13	20	22	30	32	36
Liabilities And Stockhold…
Liabilities Current
Goodwill	-	-	-	-	-	-	-	-	-	3	3	6
Intangible Assets Net Excluding Goodwill	-	-	-	-	-	-	-	-	-	5	5	6
Security Deposit	-	-	-	-	-	-	-	1	1	1	1	1
Accounts Payable Current	6	6	4	4	4	3	3	4	3	4	5	3
Accrued Liabilities Current	2	2	2	2	2	2	3	3	3	3	3	5
Deferred Revenue Current	-	-	-	-	-	-	-	-	-	1	1	1
Contract With Customer Liability Current	0	-	0	1	1	1	1	1	1	-	1	-
Operating Lease Liability Current	0	0	0	0	0	0	0	1	1	1	1	1
Convertible Debt Current	2	2	3	3	3	3	3	2	1	-	-	-
Other Liabilities Current	-	8	8	3	3	3	3	-	-	-	1	-
Liabilities Current	24	27	26	23	20	20	19	18	19	20	21	20
Other Liabilities Noncurrent	18	12	11	16	16	15	15	20	20	20	19	19
Convertible Debt Noncurrent	6	7	6	7	7	8	6	4	4	-	-	-
Operating Lease Liability Noncurrent	0	0	1	1	1	1	1	3	3	4	4	4
Deferred Income Tax Liabilities Net	-	-	-	-	-	-	-	1	1	1	1	1
Liabilities	48	46	43	46	43	44	41	47	48	45	45	45
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	84	83	83	76	74	72	71	70	68	67	63	62
Retained Earnings Accumulated Deficit	-123	-119	-115	-110	-106	-102	-99	-98	-94	-81	-77	-72
Stockholders Equity	-39	-35	-33	-33	-32	-30	-28	-28	-26	-14	-13	-9
Liabilities And Stockholders Equity	9	11	11	13	11	14	13	20	22	30	32	36
Allowance For Doubtful Accounts Receivable Current	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Par Or Stated Value Per Share	0	0	0	0	-	-	0	-	-	-	-	-
Preferred Stock Shares Authorized	2	2	2	2	-	-	2	-	-	-	-	-
Preferred Stock Shares Issued	0	0	0	0	-	-	0	-	-	-	-	-
Preferred Stock Shares Outstanding	0	0	0	0	-	-	0	0	-	-	-	-
Common Stock Par Or Stated Value Per Share	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Authorized	228	228	228	228	228	228	228	228	228	228	228	228
Common Stock Shares Issued	27	25	24	18	17	15	14	14	11	10	8	8
Shares Outstanding	27	25	24	18	17	15	14	14	11	10	8	8
Stockholders Equity Note Stock Split Conversion Ra…	-	-	-	-	-	-	-	-	-	0	0	0

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

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	96.55%	148.28%	662.07%	-	-	-	-	-	-	-	-	-
2025	0.74%	0.00%	-12.59%	-6.69%	6.55%	0.97%	-33.89%	-43.79%	-33.89%	-35.70%	-35.70%	26.39%
2024	-73.07%	-71.43%	-71.43%	7.84%	13.73%	37.25%	35.24%	-14.29%	-4.76%	5.95%	22.10%	40.26%
2023	-	-	-	-	-	-	220.31%	135.94%	81.25%	-1.69%	-11.39%	-65.40%
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Performance and Valuation Metrics

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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
Liquidity Ratios
Current Ratio	0.38	0.38	0.40	0.53	0.52	0.65	0.63	0.82	0.92	0.82	0.82	0.82
Quick Ratio	0.37	0.37	0.39	0.51	0.49	0.62	0.59	0.78	0.87	0.77	0.78	0.78
Working Capital	-14.54M	-16.72M	-15.36M	-10.70M	-9.40M	-6.93M	-7.09M	-3.29M	-1.49M	-3.62M	-3.76M	-3.63M
Leverage & Debt
Debt to Equity	-1.24	-1.31	-1.33	-1.38	-1.34	-1.45	-1.46	-1.71	-1.87	-3.08	-3.36	-4.85
Interest Coverage TTM	-3.78	-4.32	-4.19	-3.48	-3.78	-6.48	-8.15	-10.60	-13.72	-15.27	-18.32	-23.35
Debt Ratio	5.11	4.23	3.99	3.61	3.93	3.20	3.15	2.41	2.16	1.48	1.42	1.26
Efficiency & Turnover
Asset Turnover TTM	1.62	1.39	1.52	1.28	1.42	1.20	1.26	1.10	0.97	0.96	0.91	1.18
Days Sales Outstanding TTM	17.17	11.79	15.47	14.15	10.43	5.11	12.70	13.29	10.34	6.96	12.58	5.91
Receivables Turnover TTM	21.26	30.97	23.60	25.80	34.99	71.41	28.73	27.47	35.29	52.47	29.01	61.74
Per Share Metrics
Diluted EPS TTM	-0.65	-0.68	-0.95	-0.70	-0.78	-1.41	-1.92	-2.16	-2.79	-2.58	-4.14	-4.31
Free Cash Flow Per Share TTM	-0.32	-0.32	-0.43	-0.42	-0.75	-0.79	-1.32	-0.91	-1.29	-1.36	-2.27	-4.75
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	25.86%	23.66%	26.41%	30.71%	30.66%	32.54%	32.33%	31.37%	33.01%	34.89%	34.76%	35.30%
Operating Profit Margin TTM	-81.83%	-80.51%	-74.88%	-54.67%	-49.03%	-77.36%	-78.40%	-81.06%	-89.10%	-67.45%	-75.30%	-88.04%
Net Profit Margin TTM	-101.51%	-97.37%	-91.50%	-58.40%	-51.35%	-79.41%	-78.40%	-85.70%	-92.77%	-69.48%	-77.38%	-89.42%
Growth Metrics
Net Revenue Growth (1Y)	-29.73%	-34.65%	-35.76%	-31.65%	-26.05%	-24.84%	-24.17%	-16.04%	-0.85%	25.45%	52.64%	38.01%
Net Income Growth (1Y)	38.91%	-19.88%	-25.03%	-53.43%	-59.06%	-14.09%	-23.18%	-19.53%	-3.41%	-18.85%	8.63%	10.75%
EPS Growth (1Y)	-16.72%	-52.05%	-50.31%	-67.58%	-71.94%	-45.30%	-53.61%	-50.03%	-37.78%	-54.35%	-20.93%	-24.67%
Valuation Metrics
P/E TTM	-1.22	-0.43	-0.66	-1.95	-1.72	-0.72	-0.50	-0.26	-0.24	-0.95	-0.42	-0.15
P/B TTM	-0.53	-0.20	-0.34	-0.71	-0.65	-0.50	-0.39	-0.24	-0.28	-1.58	-0.91	-0.53
P/S TTM	1.24	0.42	0.61	1.14	0.88	0.57	0.39	0.22	0.23	0.66	0.33	0.14
Market Cap	20.56M	7.16M	10.96M	23.53M	20.93M	15.07M	10.94M	6.68M	7.23M	22.95M	12.17M	4.94M
Enterprise Value	22.07M	6.85M	10.84M	22.85M	23.00M	14.66M	10.73M	488.38K	-1.29M	22.10M	-1.33M	-9.31M
Calculated Values
Free Cash Flow TTM	-8.34M	-7.82M	-7.45M	-7.26M	-11.66M	-11.69M	-15.16M	-10.90M	-13.72M	-12.79M	-15.75M	-35.52M
Net Debt	1.51M	-310.00K	-119.00K	-675.00K	2.07M	-403.00K	-205.00K	-6.20M	-8.52M	-851.00K	-13.49M	-14.25M
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

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Insider Transactions

2026-06-02Purchase

Owner: Johnson, Steve Andrew

Title: Chief Financial Officer

Shares: 1,100

Price/Share: $0.62

Value: $682.00

Shares Owned: 1,024,192

Relationship: Officer

Ownership: Direct

2026-05-20Purchase

Owner: Eitan, Yaron

Title: -

Shares: 10,000

Price/Share: $0.27

Value: $2,700.00

Shares Owned: 1,099,073

Relationship: Director

Ownership: Direct

2025-11-07Purchase

Owner: Eitan, Yaron

Title: -

Shares: 100,000

Price/Share: $1.00

Value: $100,000.00

Shares Owned: 1,089,073

Relationship: Director

Ownership: Direct

2025-11-07Purchase

Owner: Shiv, Sagiv

Title: -

Shares: 50,000

Price/Share: $1.00

Value: $50,000.00

Shares Owned: 272,000

Relationship: Director

Ownership: Direct

2025-11-07Purchase

Owner: Pons, Robert M

Title: -

Shares: 50,000

Price/Share: $1.00

Value: $50,000.00

Shares Owned: 359,200

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-02	Johnson, Steve Andrew	Officer	Chief Financial Officer	Direct	Purchase	1,100	0.62	$682.00	1,024,192	4
2026-05-20	Eitan, Yaron	Director	-	Direct	Purchase	10,000	0.27	$2,700.00	1,099,073	4
2025-11-07	Eitan, Yaron	Director	-	Direct	Purchase	100,000	1.00	$100,000.00	1,089,073	4
2025-11-07	Shiv, Sagiv	Director	-	Direct	Purchase	50,000	1.00	$50,000.00	272,000	4
2025-11-07	Pons, Robert M	Director	-	Direct	Purchase	50,000	1.00	$50,000.00	359,200	4
2025-10-06	Cassel, Ian J., Intellige…	TenPercentOwner	-	Direct	Sale	14,000	1.63	$22,820.00	1,770,707	4
2025-09-30	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Indirect	Purchase	147,058	1.36	$199,998.88	6,419,893	4
2025-09-10	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Indirect	Purchase	896,903	1.06	$950,717.18	6,272,835	4
2025-07-29	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Indirect	Purchase	371,470	1.08	$401,187.60	5,375,932	4
2025-07-17	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Indirect	Purchase	86,805	1.15	$99,825.75	5,004,462	4
2024-12-05	Powers, John Paul	Officer	President and COO	Direct	Purchase	10,000	1.13	$11,300.00	260,000	4
2024-12-05	Eitan, Yaron	Director	-	Direct	Purchase	110,619	1.13	$124,999.47	789,073	4
2024-12-05	Johnson, Steve Andrew	Officer	Chief Financial Officer	Direct	Purchase	5,000	1.13	$5,650.00	473,061	4
2024-08-28	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Indirect	Purchase	1,351,351	0.48	$648,648.48	4,917,657	4
2024-05-29	Moazami, Mohsen	Director	-	Direct	Sale	15,000	0.68	$10,200.00	35,000	4
2024-05-29	Johnson, Steve Andrew	Officer	Chief Financial Officer	Direct	Purchase	3,500	0.65	$2,275.00	368,061	4
2024-05-28	Pons, Robert M	Director	-	Direct	Purchase	5,000	0.87	$4,350.00	84,200	4
2024-05-16	Pons, Robert M	Director	-	Direct	Purchase	5,000	2.10	$10,500.00	79,200	4
2024-05-10	Eitan, Yaron	Director	-	Direct	Purchase	5,000	2.66	$13,300.00	606,454	4
2024-05-10	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Direct	Purchase	10,000	2.49	$24,900.00	210,000	4
2024-05-10	Dendy, Michael Charles	Director	-	Direct	Sale	42,752	2.32	$99,184.64	61,098	4
2024-03-07	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Indirect	Purchase	910,000	1.65	$1,501,500.00	2,861,306	4
2024-01-16	Pons, Robert M	Director	-	Direct	Purchase	12,100	0.92	$11,132.00	24,200	4
2024-01-16	Eitan, Yaron	Director	-	Direct	Purchase	210,000	0.92	$193,200.00	601,454	4
2024-01-16	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Indirect	Purchase	1,100,000	0.92	$1,012,000.00	1,951,306	4
2023-12-14	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Indirect	Purchase	150,000	1.97	$295,500.00	851,306	4
2023-12-14	Eitan, Yaron	Director	-	Direct	Purchase	50,000	1.97	$98,500.00	391,454	4
2023-12-14	Pons, Robert M	Director	-	Direct	Purchase	12,100	1.81	$21,901.00	12,100	4
2023-11-21	Lamendola, Damien	Director,Officer,TenPercentOwner	Chief Executive Officer	Direct	Purchase	200,000	1.19	$238,000.00	200,000	4
2023-11-17	Eitan, Yaron	Director	-	Direct	Purchase	100,000	1.23	$123,000.00	341,454	4
2023-09-11	Gonzalez, Edmundo	Director,Officer	Chief Executive Officer	Direct	Purchase	42,000	0.77	$32,340.00	264,047	4
2023-06-21	Gonzalez, Edmundo	Director,Officer	Chief Executive Officer	Direct	Purchase	20,000	0.51	$10,200.00	888,189	4
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Institutional Ownership

No data available for chart

2024-12-31

0.18%

Inst. Shares: 20,500

Shares Outstanding: 11,511,203

2024-03-31

2.37%

Inst. Shares: 222,470

Shares Outstanding: 9,405,775

2023-12-31

3.40%

Inst. Shares: 236,665

Shares Outstanding: 6,951,669

2023-09-30

6.07%

Inst. Shares: 453,853

Shares Outstanding: 7,479,401

2023-06-30

9.40%

Inst. Shares: 643,260

Shares Outstanding: 6,844,778

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2024-12-31	20,500	11,511,203	0.18%
2024-03-31	222,470	9,405,775	2.37%
2023-12-31	236,665	6,951,669	3.40%
2023-09-30	453,853	7,479,401	6.07%
2023-06-30	643,260	6,844,778	9.40%
2023-03-31	411,551	5,290,661	7.78%
2022-12-31	416,532	5,059,959	8.23%
2022-09-30	466,150	5,087,164	9.16%
2022-06-30	487,403	4,961,836	9.82%
2022-03-31	562,062	4,907,303	11.45%
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Marpai, Inc. (MRAI) — SEC Financial Statements & Analysis

Marpai, Inc. (MRAI) is a services-misc health & allied services, nec company, incorporated in DE. Marpai, Inc. trades on OTC as: MRAI. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Marpai, Inc. reported a -29.73% year-over-year revenue growth, a Gross Profit Margin of 25.86% (TTM), a Debt-to-Equity ratio of -1.24x, a Price-to-Sales (P/S) ratio of 1.24x (TTM), a Price-to-Book (P/B) ratio of -0.53x (TTM), at a market cap of $20.56M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -29.73%
Gross Profit Margin TTM: 25.86%
Debt To Equity: -1.24x
P/S TTM: 1.24x
P/B TTM: -0.53x
Market Cap: $20.56M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Marpai, Inc. in?

Marpai, Inc. (MRAI) operates in the Services-Misc Health & Allied Services, NEC industry.

What is MRAI's market cap?

Marpai, Inc. (MRAI) has a market capitalization of $20.56M as of 2026-06-30.

What exchange does MRAI trade on?

Marpai, Inc. (MRAI) trades on the OTC.

Where is Marpai, Inc. incorporated?

Marpai, Inc. is incorporated in DE.

Marpai, Inc.

Financial Statements

Custom Table

Interactive Financial Visualizations

Earnings Market Reaction

Performance and Valuation Metrics

Insider Transactions

Institutional Ownership

Marpai, Inc. (MRAI) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Services-Misc Health & Allied Services, NEC

Wall Street's data.
Main Street's price.

Marpai, Inc. (MRAI) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Services-Misc Health & Allied Services, NEC

Wall Street's data.Main Street's price.

Wall Street's data.
Main Street's price.