Spectral AI, Inc. (MDAIW) stock

MDAIWNasdaqSurgical & Medical Instruments & ApparatusFiscal year ends December 31Also trades as MDAI

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026Score 0/30

$0.45−0.04 (-8.55%)

Close on Oct 30, 2026Market cap $49.24MP/E –Yield –

Spectral AI statistics

72 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: No dividends
Fundamentals through: Jun 30, 2026
Share price as of: Oct 30, 2026

Valuation ratiosIndustry

Market Cap: $49.24M; $470.91M
Enterprise Value: $47.10M; $446.92M
PS Ratio: 3.20; 3.08

Enterprise valuationIndustry

EV / Sales: 3.06; 2.88

Share statisticsIndustry

Shares Outstanding: 32M; 44M
Shares Change (YoY): 38.8%; 3.50%
Shares Change (QoQ): 1.13%; 0.31%
Float: 26M; 37M
Shares Held by Insiders: 20.5%; 9.82%
Shares Held by Institutions: 21.4%; 59.9%

Short sellingIndustry

Short Interest: 2M; –
Short Interest Change: 6.82%; 0.63%
Days to Cover: 18.08; 3.83

Stock price statisticsIndustry

52-Week High: $2.97; –
52-Week Low: $1.18; –
20-Day Moving Average: $1.56; –
50-Day Moving Average: $1.59; –
200-Day Moving Average: $1.70; –
Average True Range (14): $0.06; –
Price Change (1 Week): 6.25%; -1.11%
Price Change (1 Month): -7.83%; -4.57%
Price Change (3 Months): -4.97%; -7.22%
Price Change (6 Months): -28.8%; -5.63%
Price Change (YTD): 7.75%; -4.10%
Price Change (1 Year): -29.8%; -6.46%
Price Change (3 Years): -38.8%; 8.09%
Price Change (5 Years): -84.3%; -48.0%
Average Volume (10 Days): 92,760; –
Average Volume (20 Days): 121,380; –
Average Volume (90 Days): 158,488; –
Relative Volume: 0.75; 0.89
Relative Strength Index (14): 45.6; 44.9
Volatility (1 Year): 63.3%; 64.2%
Beta (5 Years): 0.52; 1.06

MarginsIndustry

Gross Margin: 42.9%; 55.4%
Operating Margin: -77.2%; -5.39%
Pretax Margin: -64.8%; -2.95%
Profit Margin: -65.5%; -10.3%
EBITDA Margin: -77.2%; -2.67%

Returns on capitalIndustry

Return on Assets (ROA): -56.9%; -13.0%

Financial positionIndustry

Current Ratio: 0.90; 2.49
Quick Ratio: 0.76; 1.53
Interest Coverage: -9.70; -1.85

GrowthIndustry

Revenue Growth (YoY): -44.1%; 9.06%
Revenue Growth (3Y CAGR): -8.16%; 7.08%

EfficiencyIndustry

Asset Turnover: 0.87; 0.58
Inventory Turnover: 13.76; 2.22
Revenue Per Employee: $236.82K; $324.29K
Profits Per Employee: -$155.20K; -$51.88K
Employee Count: 65; 185
WACC: 7.69%; 9.89%

Income statement (TTM)Industry

Revenue: $15.39M; $102.39M
Gross Profit: $6.61M; $61.99M
Operating Income: -$11.88M; -$4.31M
Pretax Income: -$9.97M; -$2.37M
Net Income: -$10.09M; -$6.57M
EBITDA: -$11.88M; -$1.98M
EPS (Diluted): -$0.34; -$0.08

Balance sheetIndustry

Cash & Short-Term Investments: $14.00M; $36.66M
Total Debt: $11.86M; $85.15M
Net Cash (Debt): $2.15M; $3.92M
Net Cash Per Share: $0.07; $0.28
Equity (Book Value): -$12.05M; $55.33M
Book Value Per Share: -$0.37; $2.90
Tangible Book Value: -$12.05M; $10.79M
Working Capital: -$2.08M; $56.72M

Cash flow (TTM)Industry

Operating Cash Flow: -$12.88M; -$566.22K

Dividends and yieldsIndustry

Earnings Yield: -20.5%; -5.33%

Taxes and interestIndustry

Interest Expense: $1.23M; $5.22M
Income Tax: $119.00K; $1.58M

Scores and fair valueIndustry

Altman Z-Score: -4.98; 2.40
Piotroski F-Score: 3; 5

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Oct 30, 2026. The S&P 500 is measured by the SPY fund.

Period	MDAIW	S&P 500	Difference	MDAIW per year	S&P 500 per year
1 month	-4.7%	-0.9%	−3.8 pts
3 months	-4.7%	+2.1%	−6.8 pts
Year to date	-0.4%	+11.7%	−12.1 pts
1 year	-38.6%	+12.4%	−51.0 pts
3 years	+220.1%	+88.6%	+131.5 pts	+47.4%	+23.5%
5 years	-32.1%	+75.9%	−108.0 pts	-7.5%	+12.0%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 15, 2026.

0M MDAIW shares were sold short on Oct 15, 2026, up 18.4% from the previous report. At recent volumes it would take 2.6 days to buy them back. Over the last 20 sessions, 52.7% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 15, 2026	21,607	+18.4%	8,393	2.6
Sep 30, 2026	18,247	+3.3%	5,841	3.1
Sep 15, 2026	17,662	+14.5%	4,320	4.1
Aug 31, 2026	15,420	-12.9%	1,311	11.8
Aug 14, 2026	17,698	+9.9%	7,094	2.5
Jul 31, 2026	16,104	-13.0%	9,706	1.7
Jul 15, 2026	18,516	+9.6%	3,460	5.3
Jun 30, 2026	16,888	+144.6%	6,012	2.8
Jun 15, 2026	6,904	+143.4%	9,139	1.0
May 29, 2026	2,837	-74.3%	24,836	1.0
May 15, 2026	11,037	-18.0%	31,606	1.0
Apr 30, 2026	13,452	+7.0%	5,028	2.7