Spectral AI, Inc. (MDAI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q4'21 |
|---|
| Total Current Assets | 15.99M | 19.45M | 13.46M | 14M | 18.73M | 10.12M | 9.5M | 11.66M | 14.88M | 9.9M | 11.36M | 11.84M | 13.33M | 17.69M | 632.71K | 18.47M |
| Cash & Short-Term Investments | 11.65M | 15.39M | 10.49M | 10.52M | 14.06M | 5.16M | 3.7M | 6.88M | 10.16M | 4.79M | 7.35M | 8.17M | 10.32M | 14.17M | 517.84K | 16.12M |
| Cash Only | 11.65M | 15.39M | 10.49M | 10.52M | 14.06M | 5.16M | 3.7M | 6.88M | 10.16M | 4.79M | 7.35M | 8.17M | 10.32M | 14.17M | 517.84K | 16.12M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.19M | 1.27M | 990K | 1.47M | 2.1M | 2.5M | 2.83M | 2.29M | 1.83M | 2.35M | 1.44M | 1.61M | 2.27M | 2.91M | 0 | 1.51M |
| Days Sales Outstanding | 27.65 | 26.97 | 29.81 | 32.07 | 30.92 | 32.3 | 28.87 | 25.09 | 30.02 | 32.93 | 40.78 | 41.56 | 45.94 | 43.95 | - | 133.81 |
| Inventory | 831K | 838K | 454K | 462K | 437K | 425K | 443K | 267K | 228K | 230K | 220K | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 38.24 | 25.64 | 19.41 | 14.74 | 10.96 | 9.38 | 7.25 | 5.41 | 6.16 | 7.26 | 10.28 | - | - | - | - | - |
| Other Current Assets | 2.31M | 1.95M | 1.52M | 614K | 840K | 746K | 1.01M | 973K | 1.09M | 1.08M | 594K | 1.72M | 741K | 270K | 0 | 526.88K |
| Total Non-Current Assets | 1.75M | 1.95M | 1.84M | 2.01M | 1.99M | 1.97M | 2.11M | 2.24M | 599K | 790K | 975K | 1.16M | 854K | 1.03M | 254.23M | 72K |
| Property, Plant & Equipment | 1.49M | 1.67M | 1.84M | 2.01M | 1.99M | 1.97M | 2.11M | 2.24M | 599K | 790K | 975K | 1.16M | 854K | 1.03M | 0 | 32K |
| Fixed Asset Turnover | 2.53x | 2.20x | 1.97x | 2.53x | 3.38x | 3.73x | 3.76x | 5.28x | 9.11x | 5.99x | 3.23x | 4.23x | 5.39x | 5.92x | - | 128.37x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.63M | 254.23M | 253.03M |
| Other Non-Current Assets | 260K | 287K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.63M | 0 | -252.99M |
| Total Assets | 17.73M | 21.41M | 15.3M | 16.01M | 20.72M | 12.1M | 11.6M | 13.9M | 15.48M | 10.69M | 12.33M | 13M | 14.18M | 18.72M | 254.86M | 18.54M |
| Asset Turnover | 0.20x | 0.21x | 0.24x | 0.28x | 0.41x | 0.64x | 0.64x | 0.51x | 0.48x | 0.46x | 0.27x | 0.31x | 0.31x | 0.04x | 0.05x | 0.22x |
| Asset Growth % | -14.42% | 76.97% | 31.87% | 15.2% | 33.84% | 13.12% | -5.91% | 6.92% | 9.17% | -42.87% | -95.16% | - | - | 0.95% | - | - |
| Total Current Liabilities | 21.27M | 20.63M | 15.77M | 16.19M | 13.31M | 17.64M | 13.07M | 16.13M | 17.51M | 12.4M | 10.65M | 6.53M | 5.35M | 6.37M | 3.34M | 4.79M |
| Accounts Payable | 1.42M | 3.01M | 2.54M | 1.99M | 3.11M | 4.04M | 2.8M | 2.4M | 3.31M | 2.68M | 3.27M | 2.66M | 2.02M | 2.76M | 0 | 1.41M |
| Days Payables Outstanding | 101.55 | 110.1 | 95.86 | 83.61 | 90.89 | 73.84 | 53.08 | 62.38 | 80.6 | 96.13 | 138.65 | 86.47 | 74.2 | 70.74 | - | 233.69 |
| Short-Term Debt | 4.67M | 3.59M | 1.93M | 62K | 244K | 2.79M | 4.97M | 8M | 5.75M | 436K | 632K | 0 | 71K | 175K | 16.15K | 583K |
| Deferred Revenue (Current) | 0 | 154K | 239K | 424K | 663K | 960K | 731K | 1.31M | 2.18M | 2.31M | 795K | 0 | 0 | 0 | 0 | 23K |
| Other Current Liabilities | 15.18M | 13.87M | 8.87M | 10.98M | 5.5M | 6.64M | 1.62M | 2.1M | 1.8M | 1.82M | 1.77M | 703K | 759K | 129K | 3.33M | 1.14M |
| Current Ratio | 0.75x | 0.94x | 0.85x | 0.87x | 1.41x | 0.57x | 0.73x | 0.72x | 0.85x | 0.80x | 1.07x | 1.81x | 2.49x | 2.77x | 0.19x | 3.86x |
| Quick Ratio | 0.71x | 0.90x | 0.83x | 0.84x | 1.37x | 0.55x | 0.69x | 0.71x | 0.84x | 0.78x | 1.05x | 1.81x | 2.49x | 2.77x | 0.19x | 3.86x |
| Cash Conversion Cycle | -35.66 | -57.49 | -46.64 | -36.79 | -49.01 | -32.16 | -16.97 | -31.89 | -44.41 | -55.94 | -87.58 | - | - | - | - | - |
| Total Non-Current Liabilities | 5.27M | 6.51M | 7.74M | 8.97M | 9.04M | 1.7M | 2.87M | 2.04M | 0 | 0 | 228K | 452K | 142K | 346K | 9.64M | 19M |
| Long-Term Debt | 5.27M | 6.51M | 7.74M | 7.63M | 7.51M | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 1.34M | 1.52M | 1.7M | 1.87M | 2.04M | 0 | 0 | 228K | 452K | 142K | 346K | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.64M | 19M |
| Total Liabilities | 26.54M | 27.13M | 23.5M | 25.16M | 22.35M | 19.35M | 15.94M | 18.16M | 17.51M | 12.4M | 10.88M | 6.98M | 5.5M | 6.72M | 12.99M | 4.79M |
| Total Debt | 9.94M | 10.09M | 9.66M | 9.65M | 9.75M | 4.69M | 8.06M | 10.26M | 6.41M | 1.29M | 1.67M | 1.23M | 1M | 1.2M | 16.15K | 583K |
| Net Debt | -1.72M | -5.3M | -830K | -876K | -4.31M | -467K | 4.35M | 3.38M | -3.75M | -3.5M | -5.67M | -6.94M | -9.31M | -12.97M | -501.69K | -15.54M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | 1.15x | 0.20x | 0.12x | 0.10x | 0.00x | 0.04x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -10.60x | -3.89x | -10.83x | -17.12x | -1.54x | -7.16x | -0.84x | -3.49x | -7.76x | - | - | -180.21x | - | -136.08x | - | - |
| Total Equity | -8.81M | -5.73M | -8.2M | -9.15M | -1.63M | -7.25M | -4.34M | -4.26M | -2.03M | -1.71M | 1.46M | 6.02M | 8.69M | 12M | 241.87M | 13.75M |
| Equity Growth % | -441.82% | 21.02% | -89.18% | -114.56% | 19.82% | -324.28% | -397.8% | -170.86% | -123.35% | -114.25% | -99.4% | - | - | -12.78% | - | - |
| Book Value per Share | -0.28 | -0.19 | -0.31 | -0.36 | -0.07 | -0.39 | -0.24 | -0.24 | -0.12 | -0.11 | 0.11 | 0.34 | 0.49 | 0.40 | 13.53 | 0.43 |
| Total Shareholders' Equity | -8.81M | -5.73M | -8.2M | -9.15M | -1.63M | -7.25M | -4.34M | -4.26M | -2.03M | -1.71M | 1.46M | 6.02M | 8.69M | 12M | 241.87M | 13.75M |
| Common Stock | 3K | 3K | 3K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 2K | 136K | 136K | 1K | 253.95M | 135K |
| Retained Earnings | -59.21M | -55.8M | -56.85M | -53.3M | -45.33M | -48.1M | -40.36M | -38.86M | -35.99M | -32.79M | -29.24M | -18.61M | -15.54M | -11.93M | -12.07M | -9.02M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 30K | 40K | 39K | 52K | 20K | 3K | 25K | 10K | 10K | 12K | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |