MDAI
Spectral AI Inc.
NASDAQ: MDAI · HEALTHCARE · MEDICAL DEVICES
$1.94
-2.02% today
Updated 2026-04-29
Market cap
$61.74M
P/E ratio
—
P/S ratio
3.14x
EPS (TTM)
$-0.29
Dividend yield
—
52W range
$1 – $3
Volume
0.8M
Spectral AI Inc. (MDAI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $15.24M | $25.37M | $18.06M | $29.58M | $19.65M |
| Revenue growth (YoY) | — | — | +66.5% | -28.8% | +63.8% | -33.6% |
| Cost of revenue | — | $8.19M | $14.53M | $10.18M | $16.31M | $10.72M |
| Gross profit | — | $7.05M | $10.84M | $7.88M | $13.27M | $8.93M |
| Gross margin | — | 46.3% | 42.7% | 43.6% | 44.9% | 45.4% |
| R&D | — | — | — | — | $29.58M | $19.65M |
| SG&A | — | $11.23M | $13.48M | $20.86M | $19.86M | $17.53M |
| Operating income | — | $-4.18M | $-2.65M | $-12.98M | $-6.58M | $-8.60M |
| Operating margin | — | -27.4% | -10.4% | -71.9% | -22.3% | -43.8% |
| EBITDA | — | $-4.18M | $-2.08M | $-20.12M | $-11.49M | $-7.97M |
| EBITDA margin | — | -27.4% | -8.2% | -111.4% | -38.8% | -40.5% |
| EBIT | $1.45M | $-4.18M | $-2.65M | $-20.84M | $-12.08M | $-8.60M |
| Interest expense | — | — | — | $0.00 | $2.96M | $1.51M |
| Income tax | — | — | — | — | — | — |
| Effective tax rate | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | — | $-3.99M | $-2.91M | $-20.85M | $-15.31M | $-7.57M |
| Net income growth (YoY) | — | — | +27.0% | -616.1% | +26.6% | +50.6% |
| Profit margin | — | -26.2% | -11.5% | -115.5% | -51.8% | -38.5% |