Spectral AI, Inc. (MDAI) stock

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

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

$1.30−0.05 (-3.70%)

Close on Nov 13, 2026Market cap $41.84MP/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: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $41.84M; $498.53M
Enterprise Value: $39.70M; $433.11M
PS Ratio: 2.72; 2.94

Enterprise valuationIndustry

EV / Sales: 2.58; 2.60

Share statisticsIndustry

Shares Outstanding: 32M; 43M
Shares Change (YoY): 38.8%; 3.32%
Shares Change (QoQ): 1.13%; 0.20%
Float: 26M; 37M
Shares Held by Insiders: 20.5%; 10.5%
Shares Held by Institutions: 21.4%; 60.5%

Short sellingIndustry

Short Interest: 2M; –
Short Interest Change: 1.40%; -2.57%
Days to Cover: 23.53; 3.94

Stock price statisticsIndustry

52-Week High: $2.97; –
52-Week Low: $1.18; –
20-Day Moving Average: $1.49; –
50-Day Moving Average: $1.56; –
200-Day Moving Average: $1.69; –
Average True Range (14): $0.10; –
Price Change (1 Week): -12.8%; 0.99%
Price Change (1 Month): -15.6%; -3.52%
Price Change (3 Months): -20.7%; -7.86%
Price Change (6 Months): -46.5%; -1.12%
Price Change (YTD): -8.45%; -2.92%
Price Change (1 Year): -18.8%; -1.37%
Price Change (3 Years): -52.7%; 3.24%
Price Change (5 Years): -86.8%; -50.4%
Average Volume (10 Days): 190,920; –
Average Volume (20 Days): 141,840; –
Average Volume (90 Days): 148,966; –
Relative Volume: 0.92; 0.76
Relative Strength Index (14): 33.3; 46.7
Volatility (1 Year): 64.0%; 64.2%
Beta (5 Years): 0.49; 1.04

MarginsIndustry

Gross Margin: 42.9%; 55.9%
Operating Margin: -77.2%; -5.12%
Pretax Margin: -64.8%; -2.32%
Profit Margin: -65.5%; -9.29%
EBITDA Margin: -77.2%; -2.52%

Returns on capitalIndustry

Return on Assets (ROA): -56.9%; -12.3%

Financial positionIndustry

Current Ratio: 0.90; 2.49
Quick Ratio: 0.76; 1.53
Interest Coverage: -9.70; -1.63

GrowthIndustry

Revenue Growth (YoY): -44.1%; 9.42%
Revenue Growth (3Y CAGR): -8.16%; 7.08%

EfficiencyIndustry

Asset Turnover: 0.87; 0.59
Inventory Turnover: 13.76; 2.20
Revenue Per Employee: $236.82K; $331.99K
Profits Per Employee: -$155.20K; -$46.47K
Employee Count: 65; 193
WACC: 7.72%; 9.91%

Income statement (TTM)Industry

Revenue: $15.39M; $108.17M
Gross Profit: $6.61M; $62.29M
Operating Income: -$11.88M; -$3.72M
Pretax Income: -$9.97M; -$1.83M
Net Income: -$10.09M; -$6.19M
EBITDA: -$11.88M; -$1.98M
EPS (Diluted): -$0.34; -$0.11

Balance sheetIndustry

Cash & Short-Term Investments: $14.00M; $38.97M
Total Debt: $11.86M; $96.00M
Net Cash (Debt): $2.15M; $3.95M
Net Cash Per Share: $0.07; $0.26
Equity (Book Value): -$12.05M; $63.80M
Book Value Per Share: -$0.37; $3.26
Tangible Book Value: -$12.05M; $11.61M
Working Capital: -$2.08M; $57.32M

Cash flow (TTM)Industry

Operating Cash Flow: -$12.88M; -$483.87K

Dividends and yieldsIndustry

Earnings Yield: -24.1%; -4.76%

Taxes and interestIndustry

Interest Expense: $1.23M; $5.40M
Income Tax: $119.00K; $1.55M

Scores and fair valueIndustry

Altman Z-Score: -5.12; 2.47
Piotroski F-Score: 3; 5

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	MDAI	S&P 500	Difference	MDAI per year	S&P 500 per year
1 month	-16.7%	-3.0%	−13.6 pts
3 months	-24.9%	-2.8%	−22.1 pts
Year to date	-8.5%	+11.5%	−19.9 pts
1 year	-21.2%	+13.5%	−34.7 pts
3 years	-53.7%	+77.7%	−131.4 pts	-22.7%	+21.1%
5 years	-86.8%	+72.6%	−159.4 pts	-33.3%	+11.5%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

2M MDAI shares were sold short on Oct 30, 2026, up 1.4% from the previous report. At recent volumes it would take 23.5 days to buy them back. Over the last 20 sessions, 45.7% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	2,194,142	+1.4%	93,233	23.5
Oct 15, 2026	2,163,926	-7.7%	150,583	14.4
Sep 30, 2026	2,345,014	+6.8%	129,679	18.1
Sep 15, 2026	2,195,305	-1.8%	100,348	21.9
Aug 31, 2026	2,234,678	+6.2%	136,028	16.4
Aug 14, 2026	2,103,428	-10.1%	224,514	9.4
Jul 31, 2026	2,338,990	-10.7%	161,165	14.5
Jul 15, 2026	2,619,173	+13.0%	206,944	12.7
Jun 30, 2026	2,317,435	-21.6%	325,743	7.1
Jun 15, 2026	2,956,127	+25.6%	476,732	6.2
May 29, 2026	2,354,423	+14.7%	1,720,021	1.4
May 15, 2026	2,051,821	+3.2%	613,265	3.4