Spectral AI, Inc. financial data

Symbol
MDAI, MDAIW on Nasdaq
Location
2515 Mckinney Ave #1000, Dallas, TX
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2025 - Nov 13, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 89.5 % +15.2%
Quick Ratio 2.83 % +43%
Debt-to-equity -344 % +24.1%
Return On Equity 250 % -20.9%
Return On Assets -102 % -18.6%
Operating Margin -32.3 % -4.67%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 30.7M shares +65.1%
Common Stock, Shares, Outstanding 27.3M shares +47.2%
Entity Public Float 30.1M USD
Common Stock, Value, Issued 3K USD +50%
Weighted Average Number of Shares Outstanding, Basic 26.3M shares +47.3%
Weighted Average Number of Shares Outstanding, Diluted 26.3M shares +47.3%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 23.2M USD -15%
Cost of Revenue 12.7M USD -14.5%
Research and Development Expense 3.6M USD -16.3%
General and Administrative Expense 17.9M USD -13.8%
Operating Income (Loss) -7.47M USD +11.1%
Nonoperating Income (Expense) -8.7M USD -233%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -16.2M USD -46.8%
Income Tax Expense (Benefit) 197K USD +84.1%
Net Income (Loss) Attributable to Parent -16.4M USD -47.2%
Earnings Per Share, Basic 0 USD/shares -14.1%
Earnings Per Share, Diluted 0 USD/shares -17.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 10.5M USD +184%
Accounts Receivable, after Allowance for Credit Loss, Current 990K USD -65.1%
Inventory, Net 454K USD +2.48%
Other Assets, Current 818K USD -19.1%
Assets, Current 13.5M USD +41.8%
Property, Plant and Equipment, Net 287K USD +5640%
Operating Lease, Right-of-Use Asset 1.55M USD -26.2%
Assets 15.3M USD +31.9%
Accounts Payable, Current 2.54M USD -9.26%
Accrued Liabilities, Current 2.48M USD -23.9%
Contract with Customer, Liability, Current 239K USD -67.3%
Liabilities, Current 15.8M USD +20.6%
Operating Lease, Liability, Noncurrent 1.16M USD -38.1%
Liabilities 23.5M USD +47.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax 39K USD +56%
Retained Earnings (Accumulated Deficit) -56.9M USD -40.9%
Stockholders' Equity Attributable to Parent -8.2M USD -71.8%
Liabilities and Equity 15.3M USD +31.9%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.51M USD +43.8%
Net Cash Provided by (Used in) Financing Activities 10.4M USD +29.1%
Common Stock, Shares Authorized 80M shares 0%
Common Stock, Shares, Issued 27.3M shares +47.2%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 8.9M USD +65.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 10.5M USD +183%
Interest Paid, Excluding Capitalized Interest, Operating Activities 11K USD
Deferred Tax Assets, Valuation Allowance 6.17M USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.01 pure
Deferred Tax Assets, Gross 6.66M USD
Operating Lease, Liability 1.9M USD +123%
Depreciation 2K USD -33.3%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -16.4M USD -47.4%
Lessee, Operating Lease, Liability, to be Paid 2.4M USD +168%
Operating Lease, Liability, Current 713K USD +236%
Lessee, Operating Lease, Liability, to be Paid, Year Two 850K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 527K USD -41.1%
Operating Lease, Weighted Average Discount Rate, Percent 0.09 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 167K USD +307%
Lessee, Operating Lease, Liability, to be Paid, Year Three 871K USD
Deferred Tax Assets, Operating Loss Carryforwards 4.52M USD
Preferred Stock, Shares Authorized 1M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 149K USD
Operating Lease, Payments 894K USD +20.2%
Additional Paid in Capital 48.6M USD +35%
Deferred Tax Assets, Net of Valuation Allowance 6.17M USD
Share-based Payment Arrangement, Expense 300K USD +50%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%