What is Spectral AI, Inc.'s R&D?

Spectral AI, Inc. (MDAI) reported R&D of $2M in Q1 2026.

How has Spectral AI, Inc.'s R&D changed year-over-year?

Spectral AI, Inc.'s R&D decreased by 44.4% year-over-year, from $3.6M to $2M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Spectral AI, Inc. MDAI R&D

R&D at other companies

Odysight.aiODYS

$2.56M+2.8%

Organogenesis Holdings Inc.ORGO

$15.16M+42.5%

Safe Pro Group Inc.SPAI

$360.4K—

Biodesix, Inc.BDSX

$3.29M+14.5%

GE HealthCare TechnologiesGEHC

$345M+0.3%

Kodiak Sciences IncKOD

$48.55M+11.2%

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:ResearchAndDevelopmentExpense.

The official record: Spectral AI, Inc.’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Spectral AI, Inc.'s R&D?: Spectral AI, Inc. (MDAI) reported R&D of $2M in Q1 2026.
How has Spectral AI, Inc.'s R&D changed year-over-year?: Spectral AI, Inc.'s R&D decreased by 44.4% year-over-year, from $3.6M to $2M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.