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Spectral AI, Inc. MDAI Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin46%+0.9pp45.4%+0.5pp45%-0.3pp45.3%+0.2pp45%+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 turnover0.9×-0.8×1.2×-1.4×1.7×-0.6×1.8×-0.5×1.7×-0.2×
Inventory turnover14.4×-35.1×17×-32.8×28.4×-16.5×41.4×49.5×
Liquidity
Current ratio0.8×-0.7×0.9×+0.4×0.9×+0.1×0.9×+0.1×1.4×+0.6×
Quick ratio0.7×-0.7×0.9×+0.4×0.8×+0.1×0.8×+0.1×1.4×+0.5×
Cash ratio0.5×-0.5×0.7×+0.5×0.7×+0.4×0.7×+0.2×1.1×+0.8×
Leverage
Debt-to-assets0.3×-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 / sales3.3×+1.3×2.2×+0.2×2.6×+1.9×+0.6×-0.9×
EV / sales+1.1×1.9×-0.1×2.5×+1.9×1.9×+0.4×0.8×-1.0×

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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.