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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›MDAI

MDAI

Spectral AI, Inc.

Next earnings Aug 10, 2026 · consensus $-0.15 EPS, $4.79M rev

Last earnings -6.7% on 2026-03-25

Avoid
$1.71
▲ +2.40%
$1.71▼ -16.59%
over 1Y
L $1.20EODHDH $3.14
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.4%
1W-1.2%
1M-26.0%
3M+14.8%
YTD+17.9%
1Y-16.6%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Filings
Watch
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 8 analysts
Buy

Conservative balance sheet (liabilities/equity -4.74x); but revenue fell -33.6% YoY.

Revenue (FY2025) $19.6M · FY2025

Spectral AI, Inc. shows $19.6M in FY2025 revenue (-33.6% YoY), a -38.5% net margin.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue—$25.4M$18.1M$29.6M$19.6M
Gross profit—$10.8M$7.88M$13.3M$8.93M
Operating income-$3.42M-$2.65M-$13.0M-$6.58M-$8.60M
Net income-$2.15M-$2.91M-$20.9M-$15.2M-$7.57M
Diluted EPS—-$0.22-$1.48-$0.85-$0.29
Net margin—-11.5%-115.5%-51.2%-38.5%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$44.6M
EV / EBITDA—
EV / Sales2.3
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-13.9%
FCF yield—

Quality & risk

ROIC (est.)—
Free cash flow—
Total debt$5.54M
Net cash$9.86M
Altman Z-Score-2.92 distress
Piotroski F-Score3/8

Capital returns

Buyback yield460.4%
Dividend yield (est.)—
Shareholder yield460.4%
Shares Δ YoY+25.7%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 8-K Shareholder vote2026-06-01
  2. 8-K Reg FD disclosure2026-05-26
  3. 10-Q Quarterly report2026-05-13
  4. 8-K Officer / director change2026-04-22
  5. DEF 14A Proxy statement2026-04-16
  6. 8-K Officer / director change2026-04-08
  7. 8-K Earnings results2026-03-25
  8. 10-K Annual report2026-03-25
  9. 8-K Reg FD disclosure2026-03-20

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-05-292026-06-01open ↗4Period ending 2026-05-282026-06-01open ↗4Period ending 2026-05-262026-05-27open ↗8-KPeriod ending 2026-05-262026-05-26open ↗4Period ending 2026-04-242026-05-20open ↗4Period ending 2026-05-152026-05-18open ↗4Period ending 2026-05-152026-05-18open ↗10-QPeriod ending 2026-03-312026-05-13open ↗SCHEDULE 13G/AFiling2026-05-08open ↗4Period ending 2026-04-242026-04-27open ↗4Period ending 2026-04-242026-04-27open ↗4Period ending 2026-04-242026-04-27open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueB
GrowthC
ProfitabilityF
Financial healthF
Momentum—
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✓Liabilities below 2× equity
Revenue
$19.6M
-33.6% YoY
Net margin
-38.5%
ROE
—
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$19.6M-33.6%
Net income-$7.57M+50.1%
Gross profit$8.93M-32.8%
Operating income-$8.60M-30.7%
Diluted EPS-$0.29+65.9%
Cash & equivalents$15.4M+196.2%
Total assets$21.4M+77.0%
Total liabilities$27.1M+40.2%
Stockholders' equity-$5.73M+21.0%
Gross: 45.4%Op.: -43.8%L/E: -4.74x

Frequently asked

Is Spectral AI, Inc. (MDAI) a buy?
MDAI currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity -4.74x); but revenue fell -33.6% YoY.
What is Spectral AI, Inc.'s quality score?
MDAI scores 39.764705882352935/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001833498, latest 10-Q filed 2026-05-13) · EODHD · as of 6/26/2026, 7:17:10 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-05-29
DiMaio John Michael
Director
Award15.0K @ $2.12$31.8K
2026-05-28
DiMaio John Michael
Director
Award2.50K @ $2.36$5.90K
2026-05-26
DiMaio John Michael
Director
Award32.2K @ $2.61$84.1K
2026-05-18
Cotton Richard John
Director
Award8.82K @ $2.40$21.2K
2026-05-15
Cotton Richard John
Director
Award5.88K @ $2.33$13.7K
2026-05-15
DiMaio John Michael
Director
Award1.89K @ $2.12$4.00K
2026-05-15
DiMaio John Michael
Director
Award25.0K @ $2.16$54.0K
2026-04-24
Sadagopan Deepak
Director
Award25.0K
2026-04-24
DiMaio John Michael
Director
Award100K
2026-04-24
Cotton Richard John
Director
Award29.9K
2026-04-24
Snyder Marion Ann
Director
Award25.0K

Earnings history

beat/miss · move
2026-03-25Beat +115.5% est▼ -6.67%8-K ↗
2025-08-13Miss -314.4% est▼ -5.16%8-K ↗
2025-05-14—▼ -8.45%8-K ↗
2025-04-02—▲ +7.50%8-K ↗
2024-03-29—▲ +9.39%8-K ↗
2023-11-14—▼ -2.14%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Spectral AI Joins the American Board of Wound Management Foundation in Celebrating Wound Healing Awareness MonthBullish
globenewswire.com· 2026-06-12
Spectral AI to Participate in 2026 British Burn Association Annual ConferenceBullish
globenewswire.com· 2026-06-11
Baird Lifts PT on Astrana Health (ASTH) Following Q1 ResultsBullish
finance.yahoo.com· 2026-05-14
Spectral AI Schedules 2026 First Quarter Financial Results and Conference CallBullish
globenewswire.com· 2026-04-28
Spectral AI Announces Annual Meeting of StockholdersBullish
globenewswire.com· 2026-04-20
Spectral AI to Feature DeepView® System at 2026 American Burn Association Annual MeetingBullish
globenewswire.com· 2026-04-09

Vs tracked universe

compare →

1043 tracked peers · median

EDGAR Score40 vs 67
Revenue growth-33.6% vs 7.1%
Net margin-38.5% vs 10.5%
Return on equity— vs 12.3%
P/E— vs 25.5

News sentiment

EODHD · 3d
Bullish
+0.18
vs typical · 3 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.