Spectral AI (MDAI) Income Statement: Revenue & Earnings

Spectral AI Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Spectral AI, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	19.65	29.58	18.06	25.37	15.24	17.30
Cost of Revenue	10.73	16.31	10.18	14.53	8.19	9.31
Gross Profit	8.93	13.27	7.88	10.84	7.05	7.99
Operating Expenses
Research & Development	19.65	29.58	0.00	0.00	0.00	0.00
Selling, General & Administrative	17.53	19.86	20.86	13.48	3.42	6.54
Operating Expenses	17.53	19.86	20.86	13.48	3.42	6.54
Operating Income	-8.60	-6.58	-12.98	-2.65	-3.42	1.45
Other Income/Expense
Interest Income	-0.89	0.01	0.17	0.02	0.03	0.00
Interest Expense	2.39	2.97	0.00	0.00	-0.02	-0.04
Other Income/Expense	3.44	-8.46	-7.86	-0.18	1.27	0.00
Income
Income Before Tax	-7.56	-15.04	-20.84	-2.81	-2.15	1.41
Income Tax Expense	0.01	0.27	0.01	0.11	-0.10	0.17
Net Income	-7.57	-15.32	-20.85	-2.91	-2.15	1.23
Net Income - Continuous Operations	-7.57	-15.32	-20.85	-2.91	-3.99	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	-4.53	-11.49	-12.98	-2.08	-3.42	0.00
EBIT	-5.17	-6.58	-12.98	-2.65	-3.42	1.45
Depreciation & Amortization	0.64	0.59	0.01	0.57	0.00	0.00
Earnings Per Share
Basic EPS	-	-1.00	-1.00	-	-	-
Diluted EPS	-	-1.00	-1.00	-	-	-
Basic Shares Outstanding	26.52	17.93	14.09	15.69	100.29	57.90
Diluted Shares Outstanding	26.52	17.93	14.09	15.69	100.29	132.86