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NASDAQ · SURGICAL & MEDICAL INSTRUMENTS & APPARATUS

Spectral AI, Inc. MDAI

5 fiscal years on record · USD · FY2025 reported · SEC filings only
$19.6M
▼ 33.6% YoY
$-7.6M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Growth

USD 19.6M
Revenue, FY2025 · full 5-year series below
Revenue $M Net income $M
FY2025 · Revenue 19.6 · Net income -7.6
15M30M-10M-20M
202120242025
Compound annual growth
−8.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−39 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -43.8% · Net -38.5%
20%40%-50%-100%
202120232025
ROE
FY2022 · ROE -22.6%
-10%-20%
202120232025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot applicable: capital employed was zero or negative in this period, so return on capital employed has no meaning.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2022 · Dividends · · Net buybacks 250.5
100M200M
20212022

Total assetsUSD 21.4M
EquityUSD -5.7M
CashUSD 15.4M
Gross debtUSD 5.5M
Net debtUSD -9.9M
Current ratio0.94×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 5-year record

5 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
MDAI, 5-year financial record
Metric 20252024202320222021
Revenue $B0.00.00.00.0◌
Operating income $B−0.0−0.0−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.0−0.0◌
Income tax $B0.00.00.00.00.0
Net income $B−0.0−0.0−0.0−0.0−0.0
EPS, diluted $−0.29−0.85−1.48−0.22◌
Dividend / sh $◌◌◌◌◌
Payout % — not applicable: no dividend—————
ROE %———−22.6−15.6
Shares out B0.030.020.020.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 23 reconciliationsAUDITED

Reconciled in 5 of the 5 fiscal years we could check. 28 checks were skipped: the balance sheet is not tagged before 2021. 15 checks were skipped: the share count is not tagged before 2022. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySurgical & Medical Instruments & Apparatus
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2020

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