Spectral AI, Inc. financial data

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

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 90% % 15%
Quick Ratio 3% % 43%
Debt-to-equity -344% % 24%
Return On Equity 250% % -21%
Return On Assets -102% % -19%
Operating Margin -32% % -4.7%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 30,688,895 shares 65%
Common Stock, Shares, Outstanding 27,251,034 shares 47%
Entity Public Float $30,100,000 USD
Common Stock, Value, Issued $3,000 USD 50%
Weighted Average Number of Shares Outstanding, Basic 26,318,624 shares 47%
Weighted Average Number of Shares Outstanding, Diluted 26,318,624 shares 47%

Income Statement

Label TTM Value / Value Unit Change %
Revenues $23,168,000 USD -15%
Cost of Revenue $12,741,000 USD -15%
Research and Development Expense $3,600,000 USD -16%
General and Administrative Expense $17,898,000 USD -14%
Operating Income (Loss) $7,471,000 USD 11%
Nonoperating Income (Expense) $8,697,000 USD -233%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $16,168,000 USD -47%
Income Tax Expense (Benefit) $197,000 USD 84%
Net Income (Loss) Attributable to Parent $16,365,000 USD -47%
Earnings Per Share, Basic 0 USD/shares -14%
Earnings Per Share, Diluted 0 USD/shares -17%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $10,500,000 USD 184%
Accounts Receivable, after Allowance for Credit Loss, Current $990,000 USD -65%
Inventory, Net $454,000 USD 2.5%
Other Assets, Current $818,000 USD -19%
Assets, Current $13,463,000 USD 42%
Property, Plant and Equipment, Net $287,000 USD 5640%
Operating Lease, Right-of-Use Asset $1,550,000 USD -26%
Assets $15,300,000 USD 32%
Accounts Payable, Current $2,538,000 USD -9.3%
Accrued Liabilities, Current $2,475,000 USD -24%
Contract with Customer, Liability, Current $239,000 USD -67%
Liabilities, Current $15,765,000 USD 21%
Operating Lease, Liability, Noncurrent $1,157,000 USD -38%
Liabilities $23,503,000 USD 47%
Accumulated Other Comprehensive Income (Loss), Net of Tax $39,000 USD 56%
Retained Earnings (Accumulated Deficit) $56,852,000 USD -41%
Stockholders' Equity Attributable to Parent $8,203,000 USD -72%
Liabilities and Equity $15,300,000 USD 32%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $1,505,000 USD 44%
Net Cash Provided by (Used in) Financing Activities $10,392,000 USD 29%
Common Stock, Shares Authorized 80,000,000 shares 0%
Common Stock, Shares, Issued 27,251,034 shares 47%
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 $8,904,000 USD 66%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $10,495,000 USD 183%
Interest Paid, Excluding Capitalized Interest, Operating Activities $11,000 USD
Deferred Tax Assets, Valuation Allowance $6,174,000 USD
Deferred Tax Assets, Gross $6,661,000 USD
Operating Lease, Liability $1,903,000 USD 123%
Depreciation $2,000 USD -33%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $16,351,000 USD -47%
Lessee, Operating Lease, Liability, to be Paid $2,397,000 USD 168%
Operating Lease, Liability, Current $713,000 USD 236%
Lessee, Operating Lease, Liability, to be Paid, Year Two $850,000 USD
Lessee, Operating Lease, Liability, to be Paid, Year One $527,000 USD -41%
Operating Lease, Weighted Average Discount Rate, Percent 0.09 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $167,000 USD 307%
Lessee, Operating Lease, Liability, to be Paid, Year Three $871,000 USD
Deferred Tax Assets, Operating Loss Carryforwards $4,518,000 USD
Preferred Stock, Shares Authorized 1,000,000 shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four $149,000 USD
Operating Lease, Payments $894,000 USD 20%
Additional Paid in Capital $48,607,000 USD 35%
Deferred Tax Assets, Net of Valuation Allowance $6,174,000 USD
Share-based Payment Arrangement, Expense $300,000 USD 50%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%