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Other financials

Income statement

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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$51.82M-7.7%
Enterprise value$46.19M-16.3%
P/S3.1×+1.0×

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:Revenues.

The source filing: Spectral AI, Inc.’s 10-Q, filed May 13, 2026.

Filed
May 12, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001213900-26-055226
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Research and development revenue$3,991$6,707
Cost of revenue(1,964)(3,539)
Gross profit2,0273,168
Operating costs and expenses:
General and administrative3,9984,064
Total operating costs and expenses3,9984,064
Operating loss(1,971)(896)
Other income (expense):

Item 1. Interim Financial Statements

FAQ

What is Spectral AI, Inc.'s total revenue?
Spectral AI, Inc. (MDAI) reported total revenue of $3.99M in Q1 2026.
How has Spectral AI, Inc.'s total revenue changed year-over-year?
Spectral AI, Inc.'s total revenue decreased by 40.5% year-over-year, from $6.71M to $3.99M.
What is the long-term trend for Spectral AI, Inc.'s total revenue?
Over 2 years (2023 to 2025), Spectral AI, Inc.'s total revenue has grown at a 4.3% compound annual growth rate (CAGR), from $18.06M to $19.65M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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