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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

Cash flow

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
Operations
−0.8 −1.2 −13.2 −9.2 −9.9
Growth
Investment
−253.0 251.6 n/a n/a n/a
Financing
254.6 −0.8 3.8 9.6 20.1
0.0 −250.5 n/a n/a n/a

Capital expenditure, dividends and buybacks are shown as money out, so negative.