Spectral AI, Inc. (MDAI) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | -3.73M | -2.55M | -2.5M | -3.36M | -1.5M | 469K | -1.63M | -5.36M | -2.68M | -2.38M | -5.34M | -1.77M | -3.75M | -299K | -53.91K | -94.34K |
| Operating CF Margin % | -93.41% | -66.3% | -65.95% | -66.38% | -22.44% | 6.17% | -19.89% | -71.7% | -42.36% | -44.92% | -155.17% | -41.68% | -73.95% | -4.9% | -0.77% | -2.3% |
| Operating CF Growth % | -147.71% | -644.14% | -53.81% | 37.3% | 43.84% | 119.75% | 69.54% | -202.6% | 28.63% | -694.31% | -9801.32% | - | - | -216.94% | - | - |
| Net Income | -3.41M | 1.05M | -3.55M | -7.97M | 2.9M | -7.74M | -1.5M | -2.86M | -3.21M | -3.55M | -10.63M | -3.07M | -3.61M | -1.74M | 1.19M | -4.69M |
| Depreciation & Amortization | 177K | 172K | 171K | 149K | 143K | 133K | 130K | 134K | 191K | 185K | 182K | 180K | 175K | 185K | 0 | 0 |
| Stock-Based Compensation | 0 | 243K | 261K | 411K | 200K | 174K | 173K | 402K | 283K | 268K | 279K | 396K | 300K | 281K | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.36M | -3.31M | -101K | 5.57M | -4.23M | 7.89M | -355K | 44K | 61K | 1.93M | 3.28M | 81K | -16K | -7K | -1.65M | 2.91M |
| Working Capital Changes | -1.86M | -713K | 720K | -1.52M | -513K | 9K | -70K | -3.08M | -10K | -1.21M | 1.55M | 641K | -605K | 981K | 408.41K | 1.69M |
| Change in Receivables | 82K | -277K | 477K | 636K | 402K | 329K | -539K | -467K | 518K | -1.03M | 172K | 661K | 640K | 413K | 0 | 0 |
| Change in Inventory | 7K | -384K | 8K | -25K | -12K | 18K | -176K | -39K | 2K | -10K | -220K | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -1.59M | 472K | 552K | -1.1M | -947K | 0 | 0 | -903K | 697K | 0 | 198K | -11K | -741K | 459K | 0 | 0 |
| Cash from Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 346.01K | 0 |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | 93.41% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 346.01K | -253M |
| Cash from Financing | -1K | 7.45M | 2.48M | -207K | 10.39M | 1.01M | -1.56M | 2.08M | 8.05M | -195K | 4.52M | -377K | -104K | -134K | 0 | 0 |
| Debt Issued (Net) | -157K | -176K | -62K | -207K | 7.15M | -1.56M | -1.56M | 2.08M | 5.38M | -195K | -113K | -71K | -104K | -134K | 0 | 0 |
| Equity Issued (Net) | 156K | 7.63M | 2.55M | 0 | 3.08M | 0 | 0 | 0 | 2.67M | 0 | 3.35M | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 158K | 2.57M | 0 | 0 | 0 | 0 | 1.28M | -306K | 0 | 0 | 0 | 0 |
| Net Change in Cash | -3.74M | 4.9M | -29K | -3.54M | 8.9M | 1.46M | -3.17M | -3.28M | 5.37M | -2.56M | -818K | -2.15M | -3.86M | -433K | 292.09K | -94.34K |
| Free Cash Flow | 0 | -2.55M | -2.5M | -3.36M | -1.5M | 469K | -1.63M | -5.36M | -2.68M | -2.38M | -5.34M | -1.77M | -3.75M | -299K | -53.91K | -94.34K |
| FCF Margin % | - | -66.3% | -65.95% | -66.38% | -22.44% | 6.17% | -19.89% | -71.7% | -42.36% | -44.92% | -155.17% | -41.68% | -73.95% | -4.9% | -0.77% | -2.3% |
| FCF Growth % | 100% | -644.14% | -53.81% | 37.3% | 43.84% | 119.75% | 69.54% | -202.6% | 28.63% | -694.31% | -9801.32% | - | - | -216.94% | - | - |
| FCF per Share | - | -0.08 | -0.10 | -0.13 | -0.06 | 0.02 | -0.09 | -0.30 | -0.16 | -0.15 | -0.39 | -0.10 | -0.21 | -0.01 | -0.00 | -0.00 |
| FCF Conversion (FCF/Net Income) | 1.09x | -3.98x | 0.70x | 0.42x | -0.52x | -0.06x | 1.08x | 1.87x | 0.84x | 0.67x | 0.50x | 0.58x | 1.04x | 0.17x | 0.14x | 0.06x |
| Interest Paid | 278K | 0 | 0 | 0 | 11K | 11K | 0 | 0 | 0 | 23K | 3K | 1K | 2K | 4K | 0 | 0 |
| Taxes Paid | 5K | 0 | 0 | -10K | 11K | 0 | 0 | 0 | 0 | 0 | 114K | 0 | 0 | -53K | 0 | 0 |