MDAINasdaqSurgical & Medical Instruments & ApparatusFiscal year ends December 31Also trades as MDAIW

Spectral AI, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026

$1.52+0.01 (+0.66%)

Close on Oct 19, 2026

Market cap: $48.76M
P/E (TTM): –
Dividend yield: –

Spectral AI, Inc. balance sheet

Annual Quarterly

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Cash & Equivalents	15	5.16	4.79	14	16	–
Cash & Short-Term Investments	15	5.16	4.79	14	16	–
Receivables	1.27	2.51	2.35	2.29	–	–
Inventory	0.84	0.43	0.23	–	–	–
Prepaid Expenses & Other	0.82	1.29	1.45	0.33	0.31	–
Other Current Assets	1.13	0.75	0.80	0.27	–	–
Total Current Assets	19	10	9.90	18	1.08	–
Property, Plant & Equipment	0.26	0.00	0.01	0.02	–	–
Operating Lease Right-of-Use Assets	1.41	1.97	0.78	1.01	–	–
Other Long-Term Assets	0.29	–	–	–	–	–
Total Assets	21	12	11	19	254	0.16
Accounts Payable	3.01	4.04	2.68	2.76	–	–
Accrued Expenses	2.34	3.21	4.30	2.63	2.91	0.00
Current Portion of Leases	0.73	0.20	0.85	0.68	–	–
Current Income Taxes Payable	0.10	0.19	0.11	0.11	0	–
Deferred Revenue (Current)	0.15	0.96	2.31	–	–	–
Total Current Liabilities	21	18	12	6.37	2.94	0.14
Long-Term Debt	5.54	–	–	–	–	–
Long-Term Leases	0.97	1.70	–	0.35	–	–
Operating Lease Liabilities	1.70	1.90	0.85	1.03	–	–
Total Liabilities	27	19	12	6.72	22	0.14
Total Debt	5.54	–	–	–	–	–
Preferred Stock	–	–	–	0	0	–
Common Stock	0.00	0.00	0.00	0.00	–	–
Additional Paid-In Capital	50	41	31	24	0	0.02
Retained Earnings	-56	-48	-33	-12	-21	0.00
Comprehensive Income & Other	0.04	0.00	0.01	–	–	–
Shareholders' Equity	-5.73	-7.25	-2.15	12	14	0.02
Total Equity	-5.73	-7.25	-2.15	12	14	0.02
Total Liabilities & Equity	21	12	11	19	254	0.16
Shares Outstanding(shares)	31	23	16	13	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 42.9%
Operating margin: -77.2%
Net margin: -65.5%
Return on equity, FY2025: 116.7%

Financial strength

Current ratio: 0.90
Debt to equity: -0.98
Debt to assets: 61.0%
Cash to current liabilities: 70.5%

Valuation

P/E ratio: –
Price to sales: 3.17
Price to book: –
Dividend yield: –