Spectral AI, Inc. (MDAI) — Financial statements
Income statement, balance sheet, and cash flow for Spectral AI, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 20↓33.6% | 30↑63.8% | 18↓28.8% | 25↑66.5% | 15 | |
| Cost of Revenue | 11↓34.2% | 16↑60.2% | 10↓30.0% | 15↑77.5% | 8 | |
| Gross Profit | 9↓32.8% | 13↑68.5% | 8↓27.3% | 11↑53.7% | 7 | |
| Operating Expenses | ||||||
| R&D Expenses | 20↓33.6% | 30 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 18↓11.7% | 20↓4.8% | 21↑54.7% | 13↑20.1% | 11 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 18↓11.7% | 20↓4.8% | 21↑54.7% | 13↑20.1% | 11 | |
| Other Expenses | -20↑33.6% | -30 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 18↓11.7% | 20↓4.8% | 21↑54.7% | 13↑20.1% | 11 | |
| Total Costs & Expenses | 28↓21.9% | 36↑16.5% | 31↑10.8% | 28↑44.3% | 19 | |
| Operating Results | ||||||
| Operating Income | -9↓30.7% | -7↑49.3% | -13↓390.5% | -3↑36.7% | -4 | |
| Depreciation & Amortization | 0.64↑8.0% | 0.59↓18.6% | 0.72↑27.1% | 0.57↑56700.0% | 0.00 | |
| EBITDA | -8↑30.7% | -11↑42.9% | -20↓867.8% | -2↑50.2% | -4 | |
| EBIT | -9↑28.8% | -12↑42.0% | -21↓687.4% | -3↑36.7% | -4 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2↑18.9% | -3↓1815.7% | 0.17↑719.0% | 0.02 | 0.00 | |
| Interest Income | -0.89↓6428.6% | 0.01↓91.9% | 0.17↑719.0% | 0.02 | 0.00 | |
| Interest Expense | 2↓49.2% | 3 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 0.00↓100.0% | 5↓30.1% | 8 | 0.00 | 0.00 | |
| Other Income / Expenses | 1↑112.3% | -8↓7.7% | -8↓4842.8% | -0.16↓271.0% | 0.09 | |
| Income Before Tax | -8↑49.7% | -15↑27.8% | -21↓642.8% | -3↑31.3% | -4 | |
| Income Tax Expense | 0.01↓95.9% | 0.27↑2363.6% | 0.01↓89.6% | 0.11↑208.2% | -0.10 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -8↑50.6% | -15↑26.6% | -21↓616.1% | -3↑27.0% | -4 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -8↑50.6% | -15↑26.6% | -21↓616.1% | -3↑27.0% | -4 | |
| Bottom-Line Net Income | -8↑50.6% | -15↑26.6% | -21↓616.1% | -3↑44.5% | -5 | |
| EPS (Basic) | -0.29↑65.9% | -0.85↑42.6% | -1.48↓825.0% | -0.16↑51.5% | -0.33 | |
| EPS (Diluted) | -0.29↑65.9% | -0.85↑42.6% | -1.48↓825.0% | -0.16↑51.5% | -0.33 | |
| Weighted Average Shares | 27↑47.9% | 18↑27.3% | 14↓21.2% | 18↑0.0% | 18 | |
| Weighted Average Diluted Shares | 27↑47.9% | 18↑27.3% | 14↓21.2% | 18↑0.0% | 18 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.