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Spectral AI, Inc.

MDAI

$1.76 ▲ +0.10 (+6.02%) at close

6 Visible periods

30 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Moderately Bullish

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Analytical Summary

Spectral AI, Inc. demonstrates solid fundamentals with strength in Return on Common Equity (%). Overall, the data suggests a moderately positive outlook with manageable risks.

Market Cap $46.7M

Dividend Yield —

Revenue Growth -33.6% ↘

Op. Margin -43.8% ↘

ROIC -244.6% ↘

FCF / Share $-0.37 ↗

Trailing P/E —

Price / Book —

FCF Yield —

Debt / Equity -1.62

info Valuation on last close. End-of-day price, Aug 7, 2026.

6-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$19.65M

↓ -33.6% —

Net Income Profit after all expenses

$-7.57M

↑ +50.6% —

Operating Margin Operating profit as % of sales

-43.8%

↓ -96.8% 6th

FCF / Share Free cash flow per share

$-0.37

↑ +27.1% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns ↑

100

Financial Health ↑

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Revenue Growth YoY (%)	-33.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-520%)	63.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+698%)	-28.8% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-460%)	—	—	—
EPS Growth YoY (%)	65.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	42.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-572.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	50.6% Excellent ↑ Excellent Improving Year-over-year change in net income	26.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-616.1% Weak Weak Year-over-year change in net income	-35.6% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	27.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	45.4% Excellent Excellent Year-over-year change in free cash flow	-962.5% Weak Weak Year-over-year change in free cash flow	—	—	—
Revenue CAGR 3Y (%)	-8.2% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Operating Margin (%) (%)	-43.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-392%)	-22.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-248%)	-71.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-579%)	-10.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-170%)	—	—
Effective Tax Rate (%) (%)	-0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-38.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-421%)	-51.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-531%)	-115.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1062%)	-11.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-196%)	—	—
FCF Margin (%) (%)	-50.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-31.1% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-73.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-4.6% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—
FCF / Net Income (x)	1.31x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.60x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.63x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.40x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.38x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Return on Invested Capital (%)	-244.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	92.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	760.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-22.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	16.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-40.2% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-54.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-121.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-14.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	-1.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	132.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+781%)	211.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1308%)	—	-24.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-262%)	10.3% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-31%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Debt to Equity (x)	-1.62x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-369%)	—	—	—	—	—
Interest Coverage (x)	-8.60x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-598.36x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-447.72x Weak Weak Operating income divided by interest expense Optimal: > 5x	-115.09x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$-6.15M	$-5.20M	$-4.79M	$-14.17M	$-769.43K	—
Debt / EBITDA (x)	-1.08x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Revenue per Share (USD)	$0.74	$1.65	$1.28	$1.93	—	—
Basic EPS, GAAP (USD)	$-0.29	$-0.85	$-1.48	$-0.22	—	—
Free Cash Flow per Share (USD)	$-0.37	$-0.51	$-0.94	$-0.09	—	—
Book Value per Share (USD)	$-0.19	$-0.32	$-0.10	$0.91	—	—
Tangible Book Value per Share (USD)	$-0.19	$-0.32	$-0.10	$0.91	—	—
Basic Weighted Avg Shares (shares)	26.52M	17.93M	14.09M	13.14M	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Working Capital (USD)	$-1.17M	$-7.52M	$-2.50M	$11.31M	$-1.85M	—
LT Debt (USD)	$9.25M	—	—	—	—	—
Total Equity (USD)	$-5.73M	$-7.25M	$-1.71M	$12.00M	$-20.82M	$24.32K

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗
Sales/Revenue/Turnover (USD)	$19.65M	$29.58M	$18.06M	$25.37M	—	—
Depreciation Expense (USD)	$71.00K	$10.00K	$9.00K	$11.00K	—	—
Net Income, GAAP (USD)	$-7.57M	$-15.31M	$-20.85M	$-2.91M	$-2.15M	—
Operating Cash Flow (USD)	$-9.92M	$-9.20M	$-13.24M	$-1.16M	$-825.59K	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 6 years · 22 quarters

Spectral AI, Inc.

Analytical Summary

6-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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