What is Spectral AI, Inc.'s revenue?

Spectral AI, Inc. (MDAI) generated $16.9M in revenue over the trailing twelve months, down 43.5% year over year.

Is Spectral AI, Inc. profitable?

Spectral AI, Inc. is not currently profitable: it reported a net loss of $12.0M over the trailing twelve months, a -70.0% net margin.

What are Spectral AI, Inc.'s profit margins?

Gross margin is 46.0% and operating margin is -57.2%, with a -70.0% net margin.

What is Spectral AI, Inc.'s earnings per share?

Spectral AI, Inc.'s diluted EPS over the trailing twelve months is $-0.44.

Where does Spectral AI, Inc.'s income statement data come from?

Every line is extracted from Spectral AI, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Spectral AI, Inc. MDAI Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Total interest income	——	$700K+47.4%	$700K+47.4%	$700K+47.4%	$700K+47.4%
Total revenue	$3.99M-40.5%	$4.09M-46.3%	$3.79M-53.6%	$5.07M-32.3%	$6.71M+6.0%
Total cost of revenue	$1.96M-44.5%	$2.24M-47.4%	$2.17M-51.8%	$2.78M-33.4%	$3.54M+4.7%
Gross profit	$2.03M-36.0%	$1.85M-44.9%	$1.62M-55.8%	$2.29M-30.9%	$3.17M+7.6%
Gross margin	50.8%+3.6pp	45.2%+1.1pp	42.7%-2.1pp	45.2%+0.9pp	47.2%+0.7pp
Research and development	$2M-44.4%	——	$2.4M—	$3M—	$3.6M-16.3%
General and administrative	$4M-1.6%	$4.09M-8.3%	$4.96M+9.0%	$4.41M-23.3%	$4.06M-20.1%
Compensation and benefits	$183K-8.5%	$243K+39.7%	$261K+50.9%	$411K+2.2%	$200K-29.3%
Depreciation and amortization	$30K+1,400%	$29K+625%	$30K+2,900%	$10K+400%	$2K-33.3%
Other operating expenses	399,800,000%-6,600,000%	1,752,800,000%-232,800,000%	496,200,000%+40,900,000%	441,300,000%-134,300,000%	406,400,000%-102,400,000%
Total operating expenses	$4M-1.6%	$4.09M-8.3%	$4.96M+9.0%	$4.41M-23.3%	$4.06M-20.1%
Operating income	-$1.97M-120%	-$2.24M-102%	-$3.34M-277%	-$2.12M+13.1%	-$896K+58.2%
Operating margin	-49.4%-36.0pp	-54.9%-40.3pp	-88.1%-77.3pp	-41.9%-9.3pp	-13.4%+20.5pp
Interest expense	$258K+1,190%	$289K—	$300K+3,650%	$277K—	$20K—
Other income (expense), net	-$1.45M-138%	$3.25M+150%	-$209K+64.0%	-$5.86M-1,561%	$3.86M+472%
Income before income taxes	-$3.42M-215%	——	-$3.55M-142%	-$7.99M-186%	$2.97M+193%
Income tax expense	-$10K-114%	——	$2K-94.6%	-$19K-128%	$71K+223%
Net income	-$3.41M-218%	——	-$3.55M-136%	-$7.97M-178%	$2.9M+190%
Net margin	-85.5%-129pp	——	-93.7%-75.3pp	-157.3%-119pp	43.2%+93.9pp
Diluted earnings per share	-$0.11-200%	——	-$0.13-62.5%	-$0.31-93.8%	$0.11+158%
Basic earnings per share	-$0.11-185%	$0.00+100%	-$0.13-62.5%	-$0.31-93.8%	$0.13+168%
Weighted-average shares, diluted	31.8M+32.2%	26.5M+47.9%	26.3M+47.3%	25.4M+44.5%	24M+45.1%
Weighted-average shares, basic	31.8M+38.2%	26.5M+47.9%	26.3M+47.3%	25.4M+44.5%	23M+38.8%
Additional Issuance	——	——	——	——	$2.7M—
Adjusmentsto Additional Paidin Capital Issuance Of Shares Under Convertible Note	——	——	——	——	——
Adjustments To Accumulated Deficit And Additional Paid In Capital	——	——	——	——	——
APIC, Share-Based Payment Arrangement, Option, Increase for Cost Recognition	$183K-8.5%	$243K+39.7%	$261K+50.9%	$411K+2.2%	$200K-29.3%
Aggregate Gross Proceeds	$7.6M+300%	$1.9M—	$1.9M—	$1.9M—	$1.9M—
Pre-tax stock-based compensation cost	$183K-8.5%	——	$300K+50.0%	$400K0.0%	$200K—
Amortization Of Debt Discount Premium	$179K-74.4%	——	——	——	$700K—
Amortization Of Financing Costs	$179K—	$171K—	$163K—	——	——
Stock options excluded as their inclusion would be anti-dilutive (in shares)	17.6M+66.4%	17.8M+45.1%	——	——	10.6M-16.0%
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	-$3.74M-142%	$4.9M+237%	——	——	$8.9M+65.9%
Change In Fair Values Of Notes Payable	——	——	——	——	$220K+233%
Common Stock Consideration Price	$1.300.0%	——	——	——	$1.30—
Common Stock Discount Percentage	——	——	——	——	——
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-$3.42M-217%	——	-$3.57M-139%	-$7.94M-177%	$2.91M+191%
Contract with Customer, Asset, Increase (Decrease) for Contract Acquired in Business Combination	$447K—	$699K—	——	——	——
Contract With Customer Liability Reductions	$5.26M+112%	$10.55M+447%	-$9.18M-409%	$1.67M—	$2.49M—
Current Federal, State and Local, Tax Expense (Benefit)	——	$2.75K-95.9%	$2.75K-95.9%	$2.75K-95.9%	$2.75K-95.9%
Federal	——	-$20.5K-152%	-$20.5K-152%	-$20.5K-152%	-$20.5K-152%
Current State And Local Tax Expense Benefit	——	$23.25K-18.4%	$23.25K-18.4%	$23.25K-18.4%	$23.25K-18.4%
Decrease In Accumulated Deficit And Additional Paidin Capital	——	——	——	——	——
Depreciation	$30K+1,400%	$29K+625%	$30K+2,900%	$10K+400%	$2K-33.3%
Effect of exchange rate changes on cash, cash equivalents and restricted cash	-$10K-159%	$1K+105%	——	$32K—	$17K+950%
Effective Income Tax Rate Nondeductible Executive Compensation	——	——	——	——	——
Effective Income Tax Rate Reconciliation Change In Valuation Allowance Percent	——	-25.2%—	——	——	——
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	——	-3%+8.9%	——	——	——
Foreign operations	——	-0.2%—	——	——	——
Effective Income Tax Rate Reconciliation Impact Of Non US Earnings	——	——	——	——	——
Effective Income Tax Rate Reconciliation Mark To Market Warrants Percent	——	9%—	——	——	——
Other	——	-$0—	-$0—	-$0—	-$0—
Effective Income Tax Rate Reconciliation Permanent Items	——	——	——	——	——
State income taxes – net of federal income tax benefit	——	-1%-0.3%	——	——	——
Effective Income Tax Rate Reconciliation Statutory Tax Difference Between UK And US Percent	——	0.5%—	——	——	——
Effective Income Tax Rate Reconciliation Statutory Tax Difference Between UK And US Amount	——	-$9K—	-$9K—	-$9K—	-$9K—
Effective Income Tax Rate Reconciliation, Tax Credit, Percent	——	——	——	——	——
Exchange Of Common Shares	——	——	——	——	——
Exercise Of Warrants Of Increase	$4.7M—	——	——	——	——
Fair Value Adjustment Of Warrants	$1M+124%	-$4.18M-178%	-$264K+24.6%	$137M+39,468%	-$4.25M-21,165%
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Exercise Of Warrants	——	$531.25K—	$531.25K—	$531.25K—	$531.25K—
Gains (losses) - FVO: changes in fair value	-$74K-300%	$2.07M—	$264K+2,100%	-$1.74M-15,909%	$37K+85.0%
Financing Agreement Initial Draw Down	——	——	——	——	$8.5M—
Financing Interest Expense	$7K-98.8%	——	——	——	$581K-21.6%
Gain (Loss), Foreign Currency Transaction, before Tax	-$5K+37.5%	-$3K+66.7%	-$9K0.0%	-$14K-55.6%	-$8K+50.0%
Income Loss From Continuing Operations Before Income Taxes Domestic	——	-$1.66M—	-$1.66M—	-$1.66M—	-$1.66M—
Income Loss From Continuing Operations Before Income Taxes Foreign	——	-$226.5K—	-$226.5K—	-$226.5K—	-$226.5K—
Income Tax Paid State And Local Before Refund Received	——	$25K—	$25K—	$25K—	$25K—
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	——	$56.75K—	$56.75K—	$56.75K—	$56.75K—
Income Tax Reconciliation Income Tax Expense Benefit At Change In Valuation Allowancein Dollars	——	$477K—	$477K—	$477K—	$477K—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	——	-$397K—	-$397K—	-$397K—	-$397K—
Income Tax Reconciliation Nondeductible Expense Mark To Market Warrants Value	——	-$170.5K—	-$170.5K—	-$170.5K—	-$170.5K—
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	——	$20.75K—	$20.75K—	$20.75K—	$20.75K—
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	——	$6.75K—	$6.75K—	$6.75K—	$6.75K—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	——	$18K—	$18K—	$18K—	$18K—
Income taxes paid	$5K-54.5%	$99K+3,500%	——	——	$11K+300%
Accounts payable	-$1.59M-67.7%	——	——	-$1.1M-22.0%	-$947K-236%
Increase (Decrease) in Accounts Receivable	-$82K+79.6%	——	-$477K-188%	-$636K—	-$402K+22.4%
Accrued liabilities	$308K-38.6%	-$134K-212%	-$72K—	-$1.17M-7.4%	$502K+204%
Increase (decrease) in contract liabilities and current deferred income	-$154K+48.1%	-$85K—	-$185K+68.3%	-$239K+72.3%	-$297K-122%
Increase (Decrease) in Inventories	-$7K-158%	$384K—	$0-100%	$25K-35.9%	$12K+700%
Short- and long-term operating lease liabilities	-$178K-158%	-$168K+6.1%	-$84K+52.8%	-$207K-21.1%	-$69K+64.2%
Increase (Decrease) in Other Operating Assets	$444K+372%	$315K—	$204K+467%	-$226K—	$94K-67.5%
Increase (Decrease) in Prepaid Expense	-$110K-5,400%	-$178K—	-$228K+32.7%	-$353K-6.3%	-$2K-102%
Increase In Accumulated Deficit And Additional Paidin Capital	——	——	——	——	——
Interest Paid, Excluding Capitalized Interest, Operating Activity	$278K+2,427%	$10K+264%	$1K-63.6%	$0-100%	$11K+300%
Issuance Of Common Stock To Settle Accounts And Notes Payable	——	——	——	——	$1.19M—
Issuanceof Costs Net Amount	——	——	——	——	$158K—
Issuances Of Shares For Borrowing Related Costs	——	——	——	——	-$241K—
Less Change In Fair Value Of Convertible Notes	——	——	——	——	-$220K—
Loan-related expense	$1M+300%	$250K—	$250K—	$250K—	$250K—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$1K-100%	$7.45M+639%	$2.49M—	$0-100%	$10.39M+29.1%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	-$3.73M-148%	-$2.55M—	-$2.5M-53.8%	-$3.36M+37.3%	-$1.51M+43.8%
Number of operating segments	100%0.0%	100%0.0%	——	——	100%—
Number Of Shares Including The Effect Of Dilutive Securities	——	——	——	——	1M—
Offering Price	——	——	——	——	$1.30—
Ongoing Partnership Amount	$86.6M—	——	——	——	——
Operating Lease Expense Net	——	$303.5K+4.8%	$303.5K+4.8%	$303.5K+4.8%	$303.5K+4.8%
Operating lease right-of-use assets amortization expense	$147K+4.3%	$143K+10.0%	$141K+10.2%	$139K+5.3%	$141K-25.0%
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax	-$10K-159%	$1K+105%	-$13K-187%	$32K—	$17K+950%
Other Incomeexpenses Including Transactions Costs	——	——	——	——	——
Prime Rate Plus Interest Rate	——	——	——	——	5.3%—
Proceeds from Issuance of Common Stock	——	$7.56M+443%	——	——	$3.08M+15.5%
Proceeds from issuance of shares	——	——	——	——	$2.7M—
Cash received from option exercises	$156K-1.3%	$176K+298%	$555K+1,154%	$0-100%	$158K+257%
Reduction In Income Tax Provision And Net Loss	——	——	——	——	——
Repayments of Notes Payable	$157K-86.1%	$154K-86.7%	$62K-98.4%	$182K-92.8%	$1.13M+419%
Sale Of Net Issuance Costs	——	——	——	——	$19K—
Stock-based compensation	$183K-8.5%	$243K+39.7%	$261K+50.9%	$411K+2.2%	$200K-29.3%
Shortterm Financing Of Insurance Premium	——	——	——	——	-$25K—
Stock Issued During Period Value Sale Of Common Stock And Prefunded Warrants	——	——	——	——	$543K—
Stock Issued During Period, Value, Stock Options Exercised	$156K-1.3%	——	$555K+1,154%	——	$158K+257%
Stock Option Exercise Price Increase	$2.750.0%	——	——	——	$2.75—
Tenant Improvement Allowance Payments Made By The Lessor Directly To A Third Party	——	——	——	-$491K—	$164K—
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	——	$525K+16.7%	$525K+16.7%	$525K+16.7%	$525K+16.7%
Warrant Coverage Percentageon Funding Commitment	——	——	——	——	8.5%—
EBIT	-$1.97M-120%	-$2.24M-102%	-$3.34M-277%	-$2.12M+13.1%	-$896K+58.2%
EBITDA	-$1.94M-117%	-$2.21M-100%	-$3.31M-274%	-$2.11M+13.4%	-$894K+58.2%
EBITDA	-$1.94M-117%	-$2.21M-100%	-$3.31M-274%	-$2.11M+13.4%	-$894K+58.2%
EBITDA margin	-48.6%-35.3pp	-54.2%-39.6pp	-87.3%-76.5pp	-41.7%-9.1pp	-13.3%+20.5pp
EBIT	-$1.97M-120%	-$2.24M-102%	-$3.34M-277%	-$2.12M+13.1%	-$896K+58.2%

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Questions, answered.

What is Spectral AI, Inc.'s revenue?: Spectral AI, Inc. (MDAI) generated $16.9M in revenue over the trailing twelve months, down 43.5% year over year.
Is Spectral AI, Inc. profitable?: Spectral AI, Inc. is not currently profitable: it reported a net loss of $12.0M over the trailing twelve months, a -70.0% net margin.
What are Spectral AI, Inc.'s profit margins?: Gross margin is 46.0% and operating margin is -57.2%, with a -70.0% net margin.
What is Spectral AI, Inc.'s earnings per share?: Spectral AI, Inc.'s diluted EPS over the trailing twelve months is $-0.44.
Where does Spectral AI, Inc.'s income statement data come from?: Every line is extracted from Spectral AI, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.