Spectral AI, Inc. MDAI Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 46%+0.9pp | 45.4%+0.5pp | 45%-0.3pp | 45.3%+0.2pp | 45%+0.3pp | |
| Operating margin | -57.2%-39.3pp | -43.8%-21.5pp | -32.2%-1.4pp | -18.2%+33.6pp | -17.8%+45.5pp | |
| EBITDA margin | -56.6%-38.8pp | -43.4%-21.2pp | -32%-1.3pp | -18.1%+33.7pp | -17.8%+45.5pp | |
| Efficiency | ||||||
| Asset turnover | 0.9×-0.8× | 1.2×-1.4× | 1.7×-0.6× | 1.8×-0.5× | 1.7×-0.2× | |
| Inventory turnover | 14.4×-35.1× | 17×-32.8× | 28.4×-16.5× | 41.4×— | 49.5×— | |
| Liquidity | ||||||
| Current ratio | 0.8×-0.7× | 0.9×+0.4× | 0.9×+0.1× | 0.9×+0.1× | 1.4×+0.6× | |
| Quick ratio | 0.7×-0.7× | 0.9×+0.4× | 0.8×+0.1× | 0.8×+0.1× | 1.4×+0.5× | |
| Cash ratio | 0.5×-0.5× | 0.7×+0.5× | 0.7×+0.4× | 0.7×+0.2× | 1.1×+0.8× | |
| Leverage | ||||||
| Debt-to-assets | 0.3×-0.1× | 0.5×-0.1× | 0.6×+0.3× | 0.6×-0.1× | 0.5×+0.1× | |
| Interest coverage | -8.6×— | -9.7×— | —— | —— | —— | |
| Per Share | ||||||
| Book value per share | -$0.28-310% | -$0.22+46.6% | -$0.31-16.6% | -$0.36-34.6% | -$0.07+54.6% | |
| Valuation | ||||||
| Market capitalization | $55.06M+3.9% | $43.58M-25.8% | $60.95M+222% | $54.07M+74.6% | $29.12M-17.4% | |
| Enterprise value | $49.43M-4.8% | $37.85M-37.6% | $58.9M+222% | $53.13M+59.3% | $24.57M-31.5% | |
| Price / sales | 3.3×+1.3× | 2.2×+0.2× | 2.6×+1.9× | 2×+0.6× | 1×-0.9× | |
| EV / sales | 3×+1.1× | 1.9×-0.1× | 2.5×+1.9× | 1.9×+0.4× | 0.8×-1.0× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Spectral AI, Inc.'s profit margins?
- Spectral AI, Inc. (MDAI) runs a 46.0% gross margin and a -57.2% operating margin, with a -70.0% net margin.
- Where do Spectral AI, Inc.'s ratios come from?
- Every ratio is computed from Spectral AI, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
