SA

Spectral AI, Inc.

MDAIยทNASDAQ

$2.02

+1.0%
HealthcareMedical - Devices

Spectral AI, Inc. operates as an artificial intelligence (AI) company. The company focuses on medical diagnostics for faster and accurate treatment decisions in wound care with applications involving patients with burns and diabetic foot ulcers. Its products include DeepView, a predictive diagnostic device that offers clinicians an objective and immediate assessment of a wound's healing potential prior to treatment or other medical intervention. The company is based in Dallas, Texas.

At a Glance

Live Snapshot
Market Cap$64.13M
EPS-0.2900
P/E Ratio-6.95
Earnings Date08/11/2026
3Y-23.0%
5Y+29.0%
10Y+29.0%
3Y+160.0%
5Y+90.0%
10Y+90.0%
3Y+754.0%
5Y+240.0%
10Y+240.0%
SA

Spectral AI, Inc. Profit Bridge

MDAI ยท NASDAQ
Revenue19.65M
Cost of Goods Sold (10.72M)
Gross Profit8.93M
Operating Expenses (17.53M)
Operating Income-8.60M
Interest Expense (1.51M)
Other Income/Expense1.04M
Pretax Income-7.56M
Income Tax (11.00K)
Net Income-7.57M
Net Income
-7.57M

Profitability Analysis

Gross Margin

45.4%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

-43.8%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-38.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Spectral AI, Inc. Income Statement

MDAI โ€ข NASDAQ

Spectral AI, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
REVENUE
19.7M
29.6M
18.1M
25.4M
15.2M
GROSS PROFIT
(10.7M)
(16.3M)
(10.2M)
(14.5M)
(8.2M)
8.9M
13.3M
7.9M
10.8M
7.1M
OPERATING INCOME
(17.5M)
(19.9M)
(20.9M)
(13.5M)
(11.2M)
(17.5M)
(19.9M)
(20.9M)
(13.5M)
(11.2M)
(19.7M)
(29.6M)
(0.0)
(0.0)
(0.0)
-8.6M
-6.6M
-13M
-2.6M
-4.2M
PRE-TAX INCOME
(1.5M)
(3M)
(0.0)
(0.0)
(0.0)
-2.4M
-3M
172K
21K
0.0
-19.7M
-29.6M
(0.0)
(0.0)
(0.0)
1M
-8.5M
-7.9M
-159K
93K
-7.6M
-15M
-20.8M
-2.8M
-4.1M
NET INCOME
(11K)
(271K)
(11K)
(106K)
-98K
-7.6M
-15.3M
-20.9M
-2.9M
-4M

SEC Filings

MDAI - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 01, 2026
May 29, 2026
2026
8-K

8-K 2026

N/A

May 26, 2026
May 26, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 13, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 22, 2026
April 17, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 16, 2026
May 29, 2026
2026
8-K

8-K 2026

N/A

April 08, 2026
April 03, 2026
2026
8-K

8-K 2026

N/A

March 25, 2026
March 24, 2026
2026
10-K

10-K 2025 FY

FY

March 25, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 20, 2026
March 18, 2026
2026
8-K

8-K 2026

N/A

February 10, 2026
February 09, 2026
2026
Showing 1 to 10 of 108 filings