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Side-by-side financial comparison of Spectral AI, Inc. (MDAI) and Profound Medical Corp. (PROF). Click either name above to swap in a different company.

Profound Medical Corp. is the larger business by last-quarter revenue ($6.0M vs $4.1M, roughly 1.5× Spectral AI, Inc.). Spectral AI, Inc. runs the higher net margin — 25.7% vs -136.8%, a 162.5% gap on every dollar of revenue.

Spectral AI, Inc. is a medical technology firm specializing in AI-powered diagnostic imaging solutions primarily for burn and wound care. It develops non-invasive imaging tools that enable healthcare providers to deliver faster, more accurate treatment assessments, serving clinical and healthcare partner networks across North America and European markets.

CompuGroup Medical SE & Co. KGaA is a German publicly listed software company based in Koblenz that develops and offers software for the healthcare sector. It produces cloud-based and digital application software to support medical and organizational activities in doctors' practices, pharmacies, medical laboratories and hospitals. According to its own figures, the company employed more than 9,200 people worldwide in 2022, and has over 1.6 million users in 56 countries. CompuGroup Medical shar...

MDAI vs PROF — Head-to-Head

Bigger by revenue
PROF
PROF
1.5× larger
PROF
$6.0M
$4.1M
MDAI
Higher net margin
MDAI
MDAI
162.5% more per $
MDAI
25.7%
-136.8%
PROF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MDAI
MDAI
PROF
PROF
Revenue
$4.1M
$6.0M
Net Profit
$1.1M
$-8.2M
Gross Margin
45.2%
66.8%
Operating Margin
-54.9%
-123.3%
Net Margin
25.7%
-136.8%
Revenue YoY
-46.3%
Net Profit YoY
113.9%
EPS (diluted)
$0.04
$0.27

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MDAI
MDAI
PROF
PROF
Q4 25
$4.1M
$6.0M
Q3 25
$3.8M
$5.1M
Q2 25
$5.1M
$2.0M
Q1 25
$6.7M
$2.3M
Q4 24
$7.6M
Q3 24
$8.2M
Q2 24
$7.5M
Q1 24
$6.3M
Net Profit
MDAI
MDAI
PROF
PROF
Q4 25
$1.1M
$-8.2M
Q3 25
$-3.6M
$-8.0M
Q2 25
$-8.0M
$-15.7M
Q1 25
$2.9M
$-10.7M
Q4 24
$-7.6M
Q3 24
$-1.5M
Q2 24
$-2.9M
Q1 24
$-3.2M
Gross Margin
MDAI
MDAI
PROF
PROF
Q4 25
45.2%
66.8%
Q3 25
42.7%
77.7%
Q2 25
45.2%
81.7%
Q1 25
47.2%
79.2%
Q4 24
44.0%
Q3 24
44.9%
Q2 24
44.3%
Q1 24
46.6%
Operating Margin
MDAI
MDAI
PROF
PROF
Q4 25
-54.9%
-123.3%
Q3 25
-88.1%
-176.2%
Q2 25
-41.9%
-696.9%
Q1 25
-13.4%
-477.0%
Q4 24
-14.6%
Q3 24
-10.8%
Q2 24
-32.7%
Q1 24
-33.9%
Net Margin
MDAI
MDAI
PROF
PROF
Q4 25
25.7%
-136.8%
Q3 25
-93.7%
-157.7%
Q2 25
-157.3%
-792.3%
Q1 25
43.2%
-458.1%
Q4 24
-99.8%
Q3 24
-18.4%
Q2 24
-38.3%
Q1 24
-50.7%
EPS (diluted)
MDAI
MDAI
PROF
PROF
Q4 25
$0.04
$0.27
Q3 25
$-0.13
$0.26
Q2 25
$-0.31
$0.52
Q1 25
$0.11
$0.36
Q4 24
$-0.42
Q3 24
$-0.08
Q2 24
$-0.16
Q1 24
$-0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MDAI
MDAI
PROF
PROF
Cash + ST InvestmentsLiquidity on hand
$15.4M
$59.7M
Total DebtLower is stronger
$9.3M
$4.5M
Stockholders' EquityBook value
$-5.7M
$66.4M
Total Assets
$21.4M
$77.5M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDAI
MDAI
PROF
PROF
Q4 25
$15.4M
$59.7M
Q3 25
$10.5M
$24.8M
Q2 25
$10.5M
$35.2M
Q1 25
$14.1M
$46.4M
Q4 24
$5.2M
Q3 24
$3.7M
Q2 24
$6.9M
Q1 24
$10.2M
Total Debt
MDAI
MDAI
PROF
PROF
Q4 25
$9.3M
$4.5M
Q3 25
$4.5M
Q2 25
$4.5M
Q1 25
$7.8M
$4.5M
Q4 24
$2.8M
Q3 24
$1.0M
Q2 24
Q1 24
Stockholders' Equity
MDAI
MDAI
PROF
PROF
Q4 25
$-5.7M
$66.4M
Q3 25
$-8.2M
$32.1M
Q2 25
$-9.2M
$39.3M
Q1 25
$-1.6M
$50.8M
Q4 24
$-7.3M
Q3 24
$-4.8M
Q2 24
$-4.7M
Q1 24
$-2.5M
Total Assets
MDAI
MDAI
PROF
PROF
Q4 25
$21.4M
$77.5M
Q3 25
$15.3M
$42.3M
Q2 25
$16.0M
$49.7M
Q1 25
$20.7M
$60.9M
Q4 24
$12.1M
Q3 24
$11.6M
Q2 24
$13.9M
Q1 24
$15.5M
Debt / Equity
MDAI
MDAI
PROF
PROF
Q4 25
0.07×
Q3 25
0.14×
Q2 25
0.11×
Q1 25
0.09×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MDAI
MDAI
PROF
PROF
Operating Cash FlowLast quarter
$-2.6M
$-6.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-2.43×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDAI
MDAI
PROF
PROF
Q4 25
$-2.6M
$-6.6M
Q3 25
$-2.5M
$-9.6M
Q2 25
$-3.4M
$-13.7M
Q1 25
$-1.5M
$-8.3M
Q4 24
$469.0K
Q3 24
$-1.6M
Q2 24
$-5.4M
Q1 24
$-2.7M
Cash Conversion
MDAI
MDAI
PROF
PROF
Q4 25
-2.43×
Q3 25
Q2 25
Q1 25
-0.52×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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