Spectral AI, Inc. (MDAI) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 3.99M | 3.85M | 3.79M | 5.07M | 6.71M | 7.6M | 8.17M | 7.48M | 6.33M | 5.29M | 3.44M | 4.25M | 5.08M | 6.1M | 7.04M | 4.11M |
| Revenue Growth % | -40.49% | -49.38% | -53.6% | -32.27% | 6.02% | 43.82% | 137.59% | 75.91% | 24.58% | -13.27% | -51.12% | - | - | 48.39% | - | - |
| Cost of Goods Sold | 1.96M | 2.32M | 2.17M | 2.77M | 3.54M | 4.26M | 4.51M | 4.16M | 3.38M | 2.85M | 1.97M | 2.46M | 2.9M | 3.59M | 3.81M | 2.21M |
| COGS % of Revenue | 49.21% | 60.22% | 57.25% | 54.79% | 52.77% | 55.97% | 55.13% | 55.68% | 53.45% | 53.92% | 57.21% | 57.87% | 57.05% | 58.86% | 54.15% | 53.76% |
| Gross Profit | 2.03M | 1.53M | 1.62M | 2.29M | 3.17M | 3.35M | 3.67M | 3.31M | 2.94M | 2.44M | 1.47M | 1.79M | 2.18M | 2.51M | 3.23M | 1.9M |
| Gross Margin % | 50.79% | 39.78% | 42.75% | 45.21% | 47.23% | 44.03% | 44.87% | 44.32% | 46.55% | 46.08% | 42.79% | 42.13% | 42.95% | 41.14% | 45.85% | 46.24% |
| Gross Profit Growth % | -36.02% | -54.27% | -55.79% | -30.9% | 7.57% | 37.44% | 149.12% | 85.04% | 35.03% | -2.87% | -54.38% | - | - | 32.03% | - | - |
| Operating Expenses | 4M | 4.01M | 4.96M | 4.41M | 4.06M | 4.46M | 4.55M | 5.76M | 5.09M | 5.37M | 5.64M | 4.78M | 5.08M | 4.28M | 3.48M | 3.53M |
| OpEx % of Revenue | 100.18% | 104.23% | 130.85% | 87.13% | 60.59% | 58.64% | 55.71% | 76.97% | 80.43% | 101.48% | 163.9% | 112.49% | 100.02% | 70.16% | 49.42% | 85.98% |
| Selling, General & Admin | 4M | 4.29M | 4.96M | 4.41M | 3.86M | 4.46M | 4.55M | 5.76M | 5.09M | 5.37M | 5.64M | 4.78M | 5.08M | 4.28M | 3.48M | 3.53M |
| SG&A % of Revenue | 100.18% | 111.43% | 130.85% | 87.13% | 57.61% | 58.64% | 55.71% | 76.97% | 80.43% | 101.48% | 163.9% | 112.49% | 100.02% | 70.16% | 49.42% | 85.98% |
| Research & Development | 0 | 4.09M | 0 | 3M | 3.6M | 0 | 8.17M | 7.48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 106.16% | - | 59.23% | 53.68% | - | 100% | 100% | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 0 | -1000K | -1000K | 0 | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 |
| Operating Income | -1.97M | -2.48M | -3.34M | -2.12M | -896K | -1.11M | -886K | -2.44M | -2.14M | -2.93M | -4.17M | -2.99M | -2.9M | -1.77M | -251K | -1.63M |
| Operating Margin % | -49.39% | -64.46% | -88.11% | -41.92% | -13.36% | -14.61% | -10.84% | -32.66% | -33.88% | -55.4% | -121.1% | -70.36% | -57.07% | -29.02% | -3.57% | -39.74% |
| Operating Income Growth % | -119.98% | -123.31% | -277.09% | 13.06% | 58.19% | 62.07% | 78.73% | 18.36% | 26.05% | -65.57% | -1559.76% | - | - | -8.36% | - | - |
| EBITDA | -1.79M | -2.48M | -3.31M | -2.11M | -894K | -978K | -756K | -2.4M | -1.86M | -2.74M | -3.98M | -2.99M | -2.72M | -1.58M | -251K | -1.63M |
| EBITDA Margin % | -44.95% | -64.46% | -87.32% | -41.72% | -13.33% | -12.86% | -9.25% | -32.13% | -29.35% | -51.9% | -115.81% | -70.29% | -53.62% | -25.98% | -3.57% | -39.73% |
| EBITDA Growth % | -100.67% | -153.68% | -337.96% | 12.07% | 51.86% | 64.36% | 81.02% | 19.58% | 31.8% | -73.23% | -1487.25% | - | - | 2.96% | - | - |
| D&A (Non-Cash Add-back) | 177K | 0 | 30K | 10K | 2K | 133K | 130K | 39K | 286K | 185K | 182K | 3K | 175K | 185K | 0 | 250 |
| EBIT | -1.97M | -2.48M | -3.25M | -2.12M | -896K | -6.67M | -886K | -2.44M | -2.14M | -2.93M | -4.17M | -2.99M | -2.9M | -1.77M | -251K | -1.63M |
| Net Interest Income | -444K | -926K | -300K | -124K | -581K | -917K | -1.07M | -705K | -262K | 44K | 42K | 42K | 44K | -13K | 2K | 4.23K |
| Interest Income | -258K | -289K | 0 | 0 | 0 | 14K | -8K | -6K | 14K | 44K | 42K | 58.6K | 44K | 0 | 2K | 4.23K |
| Interest Expense | 186K | 637K | 300K | 124K | 581K | 931K | 1.06M | 699K | 276K | 0 | 0 | 16.6K | 0 | 13K | 0 | 0 |
| Other Income/Expense | -1.45M | 3.08M | -209K | -5.86M | 3.86M | -6.49M | -581K | -353K | -1.04M | -638K | -6.52M | -39K | -665K | 45K | -44K | 28.5K |
| Pretax Income | -3.42M | 601K | -3.55M | -7.99M | 2.97M | -7.6M | -1.47M | -2.79M | -3.18M | -3.57M | -10.68M | -3.03M | -3.56M | -1.72M | -295K | -1.6M |
| Pretax Margin % | -85.74% | 15.61% | -93.62% | -157.69% | 44.25% | -99.93% | -17.95% | -37.38% | -50.32% | -67.47% | -310.55% | -71.28% | -70.17% | -28.28% | -4.19% | -39.05% |
| Income Tax | 10K | -41K | 2K | -19K | 71K | 143K | 37K | 69K | 22K | -21K | -54K | 40K | 46K | 15K | 85K | -53K |
| Effective Tax Rate % | -0.29% | -6.82% | -0.06% | 0.24% | 2.39% | -1.88% | -2.52% | -2.47% | -0.69% | 0.59% | 0.51% | -1.32% | -1.29% | -0.87% | -28.81% | 3.3% |
| Net Income | -3.41M | 642K | -3.55M | -7.97M | 2.9M | -7.74M | -1.5M | -2.86M | -3.21M | -3.55M | -10.63M | -3.07M | -3.61M | -1.74M | -380K | -1.55M |
| Net Margin % | -85.49% | 16.68% | -93.67% | -157.31% | 43.19% | -101.81% | -18.4% | -38.3% | -50.66% | -67.07% | -308.98% | -72.22% | -71.07% | -28.53% | -5.4% | -37.76% |
| Net Income Growth % | -217.78% | 108.29% | -136.17% | -178.21% | 190.39% | -118.33% | 85.85% | 6.71% | 11.19% | -103.91% | -2697.11% | - | - | -12.12% | - | - |
| Net Income (Continuing) | -3.43M | 642K | -3.55M | -7.97M | 2.9M | -7.74M | -1.5M | -2.86M | -3.21M | -3.55M | -10.63M | -3.07M | -3.61M | -1.74M | -380K | -1.55M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.11 | 0.02 | -0.13 | -0.31 | 0.11 | -0.41 | -0.08 | -0.16 | -0.19 | -0.22 | -0.77 | -0.17 | -0.20 | -0.06 | -0.02 | -0.15 |
| EPS Growth % | -200% | 105.15% | -54.39% | -93.75% | 157.89% | -86.36% | 89.06% | 5.88% | 5% | -279.97% | -3515.02% | - | - | 61.4% | - | - |
| EPS (Basic) | -0.11 | 0.02 | -0.13 | -0.31 | 0.13 | -0.41 | -0.08 | -0.16 | -0.19 | -0.22 | -0.77 | -0.17 | -0.20 | -0.06 | -0.02 | -0.15 |
| Diluted Shares Outstanding | 31.76M | 30.39M | 26.32M | 25.42M | 24.03M | 18.81M | 17.86M | 17.6M | 16.56M | 16.1M | 13.82M | 17.88M | 17.88M | 30.01M | 17.88M | 31.63M |
| Basic Shares Outstanding | 31.76M | 30.29M | 26.32M | 25.42M | 22.99M | 18.81M | 17.86M | 17.6M | 16.56M | 16.1M | 13.82M | 17.88M | 17.88M | 30.01M | 17.88M | 31.63M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |