What is Spectral AI, Inc.'s retentions held by customers?

Spectral AI, Inc. (MDAI) reported retentions held by customers of $1.6M in Q4 2025.

What does retentions held by customers mean?

This metric tracks the portion of contract revenue that has been billed to customers but for which payment is currently being withheld or retained by the client, often pending final project completion or performance milestones. It reflects the company's exposure to credit risk and the timing of cash inflows from long-term contracts. High levels of retentions may indicate project complexity or specific contractual terms regarding performance security.

Spectral AI, Inc. MDAI Retentions held by customers

Retentions held by customers at other companies

Spectral AI, Inc.MDAI

$1.6M—

Xerox Holdings CorporationXRX

$43M0.0%

Essential UtilitiesWTRG

$257.74M+22.1%

Comfort Systems USAFIX

$2.81B+61.5%

BWX TechnologiesBWXT

$77.54M+70.8%

Star Group, L.P.SGU

$295K-32.3%

Other financials

Income statement

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Revenue$4.0M-40.5%

Gross profit$2.0M-36.0%

Operating income-$2.0M-120%

Net income-$3.4M-218%

EPS (diluted)-$0.11-200%

Balance sheet

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Cash & equivalents$11.7M-17.1%

Total debt$6.0M-36.6%

Total equity-$8.8M-442%

Total assets$17.7M-14.4%

Cash flow

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Operating cash flow-$3.7M-148%

Valuation

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Market cap$55.06M+3.9%

Enterprise value$49.43M-4.8%

P/S3.3×+1.3×

Profitability

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Gross margin46%+0.9pp

Operating margin-57.2%-104pp

Net margin-70%+176pp

Returns & leverage

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Return on equity-255.5%—

Debt / equity0.7×+0.7×

Current ratio0.8×-0.7×

Where this comes from

Reported directly by Spectral AI, Inc. in its filing.

Tagged under the XBRL concept us-gaap:BilledContractReceivables.

The official record: Spectral AI, Inc.’s 10-K, filed March 25, 2026, on SEC EDGAR. View the filing →

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What is Spectral AI, Inc.'s retentions held by customers?: Spectral AI, Inc. (MDAI) reported retentions held by customers of $1.6M in Q4 2025.
What does retentions held by customers mean?: This metric tracks the portion of contract revenue that has been billed to customers but for which payment is currently being withheld or retained by the client, often pending final project completion or performance milestones. It reflects the company's exposure to credit risk and the timing of cash inflows from long-term contracts. High levels of retentions may indicate project complexity or specific contractual terms regarding performance security.