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Side-by-side financial comparison of Spectral AI, Inc. (MDAI) and TECHPRECISION CORP (TPCS). Click either name above to swap in a different company.
TECHPRECISION CORP is the larger business by last-quarter revenue ($7.1M vs $4.1M, roughly 1.7× Spectral AI, Inc.). Spectral AI, Inc. runs the higher net margin — 25.7% vs -20.8%, a 46.5% gap on every dollar of revenue. On growth, TECHPRECISION CORP posted the faster year-over-year revenue change (-6.9% vs -46.3%). Over the past eight quarters, TECHPRECISION CORP's revenue compounded faster (-9.2% CAGR vs -19.6%).
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.
TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.
MDAI vs TPCS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $7.1M |
| Net Profit | $1.1M | $-1.5M |
| Gross Margin | 45.2% | 5.4% |
| Operating Margin | -54.9% | -19.1% |
| Net Margin | 25.7% | -20.8% |
| Revenue YoY | -46.3% | -6.9% |
| Net Profit YoY | 113.9% | -84.4% |
| EPS (diluted) | $0.04 | $-0.15 |
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.
| Q4 25 | $4.1M | $7.1M | ||
| Q3 25 | $3.8M | $9.1M | ||
| Q2 25 | $5.1M | $7.4M | ||
| Q1 25 | $6.7M | $9.5M | ||
| Q4 24 | $7.6M | $7.6M | ||
| Q3 24 | $8.2M | $8.9M | ||
| Q2 24 | $7.5M | $8.0M | ||
| Q1 24 | $6.3M | $8.6M |
| Q4 25 | $1.1M | $-1.5M | ||
| Q3 25 | $-3.6M | $825.0K | ||
| Q2 25 | $-8.0M | $-597.0K | ||
| Q1 25 | $2.9M | $112.0K | ||
| Q4 24 | $-7.6M | $-799.0K | ||
| Q3 24 | $-1.5M | $-601.0K | ||
| Q2 24 | $-2.9M | $-1.5M | ||
| Q1 24 | $-3.2M | $-5.1M |
| Q4 25 | 45.2% | 5.4% | ||
| Q3 25 | 42.7% | 27.1% | ||
| Q2 25 | 45.2% | 14.0% | ||
| Q1 25 | 47.2% | 22.0% | ||
| Q4 24 | 44.0% | 13.0% | ||
| Q3 24 | 44.9% | 11.3% | ||
| Q2 24 | 44.3% | 3.0% | ||
| Q1 24 | 46.6% | 14.3% |
| Q4 25 | -54.9% | -19.1% | ||
| Q3 25 | -88.1% | 10.4% | ||
| Q2 25 | -41.9% | -6.3% | ||
| Q1 25 | -13.4% | 3.9% | ||
| Q4 24 | -14.6% | -9.1% | ||
| Q3 24 | -10.8% | -5.5% | ||
| Q2 24 | -32.7% | -16.8% | ||
| Q1 24 | -33.9% | -28.6% |
| Q4 25 | 25.7% | -20.8% | ||
| Q3 25 | -93.7% | 9.1% | ||
| Q2 25 | -157.3% | -8.1% | ||
| Q1 25 | 43.2% | 1.2% | ||
| Q4 24 | -99.8% | -10.5% | ||
| Q3 24 | -18.4% | -6.7% | ||
| Q2 24 | -38.3% | -18.3% | ||
| Q1 24 | -50.7% | -59.5% |
| Q4 25 | $0.04 | $-0.15 | ||
| Q3 25 | $-0.13 | $0.08 | ||
| Q2 25 | $-0.31 | $-0.06 | ||
| Q1 25 | $0.11 | $0.01 | ||
| Q4 24 | $-0.42 | $-0.08 | ||
| Q3 24 | $-0.08 | $-0.06 | ||
| Q2 24 | $-0.16 | $-0.16 | ||
| Q1 24 | $-0.19 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $15.4M | $50.0K |
| Total DebtLower is stronger | $9.3M | — |
| Stockholders' EquityBook value | $-5.7M | $8.0M |
| Total Assets | $21.4M | $32.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.4M | $50.0K | ||
| Q3 25 | $10.5M | $220.0K | ||
| Q2 25 | $10.5M | $143.0K | ||
| Q1 25 | $14.1M | $195.0K | ||
| Q4 24 | $5.2M | $165.0K | ||
| Q3 24 | $3.7M | $132.0K | ||
| Q2 24 | $6.9M | $44.8K | ||
| Q1 24 | $10.2M | $138.0K |
| Q4 25 | $9.3M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $7.8M | $3.0K | ||
| Q4 24 | $2.8M | $19.0K | ||
| Q3 24 | $1.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-5.7M | $8.0M | ||
| Q3 25 | $-8.2M | $9.1M | ||
| Q2 25 | $-9.2M | $8.2M | ||
| Q1 25 | $-1.6M | $8.7M | ||
| Q4 24 | $-7.3M | $8.1M | ||
| Q3 24 | $-4.8M | $8.9M | ||
| Q2 24 | $-4.7M | $7.9M | ||
| Q1 24 | $-2.5M | $7.8M |
| Q4 25 | $21.4M | $32.8M | ||
| Q3 25 | $15.3M | $33.8M | ||
| Q2 25 | $16.0M | $32.1M | ||
| Q1 25 | $20.7M | $33.5M | ||
| Q4 24 | $12.1M | $32.2M | ||
| Q3 24 | $11.6M | $35.0M | ||
| Q2 24 | $13.9M | $35.7M | ||
| Q1 24 | $15.5M | $34.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.6M | $183.0K |
| Free Cash FlowOCF − Capex | — | $-827.0K |
| FCF MarginFCF / Revenue | — | -11.7% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | -2.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.6M | $183.0K | ||
| Q3 25 | $-2.5M | $-1.1M | ||
| Q2 25 | $-3.4M | $646.0K | ||
| Q1 25 | $-1.5M | $396.0K | ||
| Q4 24 | $469.0K | $-570.0K | ||
| Q3 24 | $-1.6M | $-532.0K | ||
| Q2 24 | $-5.4M | $107.0K | ||
| Q1 24 | $-2.7M | $-452.0K |
| Q4 25 | — | $-827.0K | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | — | $-604.0K | ||
| Q1 25 | — | $-930.0K | ||
| Q4 24 | — | $-1.7M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-94.0K | ||
| Q1 24 | — | $-900.0K |
| Q4 25 | — | -11.7% | ||
| Q3 25 | — | -22.9% | ||
| Q2 25 | — | -8.2% | ||
| Q1 25 | — | -9.8% | ||
| Q4 24 | — | -22.9% | ||
| Q3 24 | — | -21.8% | ||
| Q2 24 | — | -1.2% | ||
| Q1 24 | — | -10.5% |
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 14.0% | ||
| Q4 24 | — | 15.4% | ||
| Q3 24 | — | 15.9% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 5.2% |
| Q4 25 | -2.43× | — | ||
| Q3 25 | — | -1.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.52× | 3.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MDAI
Segment breakdown not available.
TPCS
| Defense | $6.7M | 94% |
| Other | $410.0K | 6% |
