TTENK/calls
The BriefMarketsAll StocksNewsScreenerFeedback

Get the Brief in your inbox

A daily, SEC-grounded read on the market — movers, earnings, and our boldest calls. Free.

TTENK/calls

SEC-grounded equity research — opinionated calls reasoned over real filings.

Research

  • The Brief
  • Markets
  • All Stocks
  • Screener
  • Discover
  • Research
  • The Flip Side
  • Track record

Tools

  • Compare
  • Congress trades
  • Events
  • Filing search
  • Options calculator
  • Leaderboards
  • Insider trades
  • 13F funds
  • Groups
  • Trending
  • News

More

  • Pricing
  • Feedback
  • Newsletter
  • Developers / API
  • Account
DisclosuresTermsPrivacy

Research & education only — not financial advice.TENK 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adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date.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 TENK rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. TENK/calls is an independent service and is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

TTENK/calls
The BriefMarketsAll StocksNewsScreenerFeedback

Pulling SEC filings + quote and writing the call…

TTENK/calls
The BriefMarketsAll StocksNewsScreenerFeedback
Home›MDAI›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

Spectral AI, Inc. (MDAI) financials

Income statement

Spectral AI, Inc. (MDAI) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue——$25.4M$18.1M$29.6M$19.6M
Revenue growth———-28.8%63.8%-33.6%
Gross profit——$10.8M$7.88M$13.3M$8.93M
Gross margin——42.7%43.6%44.9%45.4%
Operating income—-$3.42M-$2.65M-$13.0M-$6.58M-$8.60M
Operating margin——-10.4%-71.9%-22.3%-43.8%
Net income—-$2.15M-$2.91M-$20.9M-$15.2M-$7.57M
Net margin——-11.5%-115.5%-51.2%-38.5%
EPS (diluted)——-$0.22-$1.48-$0.85-$0.29

Cash flow

Spectral AI, Inc. (MDAI) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow—-$826K-$1.16M-$13.2M-$9.20M-$9.92M
Share buybacks—$0.00$251M———

Balance sheet

Spectral AI, Inc. (MDAI) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents—$769K$14.2M$4.79M$5.20M$15.4M
Total assets$165K$254M$18.7M$10.7M$12.1M$21.4M
Total liabilities$141K$21.9M$6.72M$12.4M$19.3M$27.1M
Long-term debt—————$5.54M
Shareholders' equity$24.3K$13.8M$12.0M-$2.15M-$7.25M-$5.73M
Retained earnings-$675.00-$20.8M-$11.9M-$32.8M-$48.2M-$55.8M
Shares (wtd avg diluted)——13.1M14.1M17.9M26.5M

Every figure is extracted from Spectral AI, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Spectral AI, Inc.'s annual revenue?
Spectral AI, Inc. (MDAI) reported $19.6M of revenue for fiscal year 2025 — down 33.6% from $29.6M in FY2024, per its annual report filed with the SEC.
Is Spectral AI, Inc. profitable?
Not in FY2025 — MDAI reported a net loss of $7.57M, per SEC filings.
Does MDAI pay a dividend?
Spectral AI, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full MDAI analysis — verdict, score & filings →Is MDAI a buy? →

Research and education only — not financial advice. TENKis 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 TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.