Spectral AI, Inc.MDAIWEarnings & Financial Report
Nasdaq
NextMar 31, 2026
MDAIW Q3 2025 Key Financial Metrics
Revenue
$3.8M
Gross Profit
$1.6M
Operating Profit
$-3.3M
Net Profit
$-3.6M
Gross Margin
42.7%
Operating Margin
-88.1%
Net Margin
-93.7%
YoY Growth
-53.6%
EPS
$-0.13
Financial Flow
Spectral AI, Inc. Q3 2025 Financial Summary
Spectral AI, Inc. reported revenue of $3.8M for Q3 2025, with a net profit of $-3.6M (-93.7% margin). Cost of goods sold was $2.2M, operating expenses totaled $5.0M.
Key Financial Metrics
| Total Revenue | $3.8M |
|---|---|
| Net Profit | $-3.6M |
| Gross Margin | 42.7% |
| Operating Margin | -88.1% |
| Report Period | Q3 2025 |
Spectral AI, Inc. Annual Revenue by Year
Spectral AI, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $29.6M).
| Year | Annual Revenue |
|---|---|
| 2024 | $29.6M |
| 2023 | $18.1M |
| 2022 | $18.3M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3M | $6.3M | $7.5M | $8.2M | $7.6M | $6.7M | $5.1M | $3.8M |
| YoY Growth | 163.9% | 24.6% | 75.9% | 137.6% | 43.8% | 6.0% | -32.3% | -53.6% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $10.7M | $15.5M | $13.9M | $11.6M | $12.1M | $20.7M | $16.0M | $15.3M |
| Liabilities | $12.4M | $17.5M | $18.2M | $15.9M | $19.3M | $22.3M | $25.2M | $23.5M |
| Equity | $-1.7M | $-2.0M | $-4.3M | $-4.3M | $-7.3M | $-1.6M | $-9.2M | $-8.2M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-2.4M | $-2.7M | $-5.4M | $-1.6M | $469000 | $-1.5M | $-3.4M | $-2.5M |