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Stocks · Health care · Surgical & Medical Instruments & Apparatus

Spectral AI, Inc.

MDAI Clue Score29
United States Fiscal year ends December CIK 0001833498
$1.65 +0.61% Close, 9 Oct 2026
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Price $1.65 −83.11% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 6 Apr 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Operating income−3.4Net income−2.1Fiscal year 2022Revenue25.4Operating income−2.6Net income−2.9EPS, diluted−0.22Fiscal year 2023Revenue18.1 −28.8%Operating income−13.0Net income−20.9EPS, diluted−1.48Fiscal year 2024Revenue29.6 +63.8%Operating income−6.6Net income−15.2EPS, diluted−0.85Fiscal year 2025Revenue19.7 −33.6%Operating income−8.6Net income−7.6EPS, diluted−0.29
FY2021FY2022FY2023FY2024FY2025
Revenue n/a 25.4 18.1 29.6 19.7
Growth −28.8% +63.8% −33.6%
Operating income −3.4 −2.6 −13.0 −6.6 −8.6
Net income −2.1 −2.9 −20.9 −15.2 −7.6
Growth
EPS, diluted n/a −0.22 −1.48 −0.85 −0.29
Growth

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Fiscal year 2022Gross margin42.7%Operating margin−10.4%Net margin−11.5%Fiscal year 2023Gross margin43.6%Operating margin−71.9%Net margin−115.5%Fiscal year 2024Gross margin44.9%Operating margin−22.3%Net margin−51.2%Fiscal year 2025Gross margin45.4%Operating margin−43.8%Net margin−38.5%
FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 42.7% 43.6% 44.9% 45.4%
Operating margin n/a −10.4% −71.9% −22.3% −43.8%
Net margin n/a −11.5% −115.5% −51.2% −38.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2021Operating cash flow−0.8Buybacks0.0Fiscal year 2022Operating cash flow−1.2Buybacks−250.5Fiscal year 2023Operating cash flow−13.2Fiscal year 2024Operating cash flow−9.2Fiscal year 2025Operating cash flow−9.9
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.8 −1.2 −13.2 −9.2 −9.9
Buybacks 0.0 −250.5 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash0.8Shareholders’ equity13.8Fiscal year 2022Cash14.2Shareholders’ equity12.0Fiscal year 2023Cash4.8Shareholders’ equity−2.1Fiscal year 2024Cash5.2Total debt2.8Net cash (debt)2.4Shareholders’ equity−7.3Fiscal year 2025Cash15.4Total debt5.5Net cash (debt)9.9Shareholders’ equity−5.7
FY2021FY2022FY2023FY2024FY2025
Cash 0.8 14.2 4.8 5.2 15.4
Total debt n/a n/a n/a 2.8 5.5
Net cash (debt) n/a n/a n/a 2.4 9.9
Shareholders’ equity 13.8 12.0 −2.1 −7.3 −5.7

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.8 14.2 4.8 5.2 15.4
n/a 2.3 2.3 2.5 1.3
n/a n/a 0.2 0.4 0.8
n/a 0.0 0.0 0.0 0.3
254.1 18.7 10.7 12.1 21.4
Growth −92.6% −42.9% +13.1% +77.0%
Liabilities
n/a n/a n/a 2.8 5.5
calc n/a n/a n/a 2.8 5.5
21.9 6.7 12.4 19.3 27.1
Equity
−20.8 −11.9 −32.8 −48.2 −55.8
13.8 12.0 −2.1 −7.3 −5.7
Growth −12.8% −117.9%
Per share and net cash
calc n/a n/a n/a 2.4 9.9
n/a 13.2 16.3 22.6 30.7
calc n/a 0.91 −0.13 −0.32 −0.19

Lines marked calc are worked out here from filed figures; point at one for how.