Spectral AI, Inc.

Spectral AI, Inc.

MDAIW
Spectral AI, Inc.US flagNASDAQ
0.48
USD
-0.01
- -
15.45MMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
0.88
0.76
-0.1
-0.32
-0.19
-0.37
Tangible Book Value per Share
0.88
0.76
-0.1
-0.32
-0.19
-0.37
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
15
25
18
30
20
15
Operating Margin (%)
-27.42
-10.43
-71.91
-22.25
-43.78
-77.17
Depreciation Expense
- -
1
1
1
1
1
Net Income, GAAP
-4
-3
-21
-15
-8
-10
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-26.17
-11.48
-115.5
-51.24
-38.53
-65.54
Working Capital
14
11
-2
-8
-1
-2
LT Debt
- -
- -
- -
2
7
12
Total Equity
14
12
-2
-7
-6
-12
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-22.62
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4
5
5
LT Borrowings
6
5
11
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
32
32
Market Capitalization
- -
- -
- -

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
19
16
18
Cash, Cash Equivalents & STI
15
12
14
Accounts Receivable, Net
1
1
1
Inventories
1
1
1
Total Current Liabilities
21
21
20
Payables & Accruals
5
4
3
ST Debt
4
5
5
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-21.02%
Free Cash Flow
- -
- -
7.84%
Net Income, GAAP
- -
- -
-50.05%
Sales/Revenue/Turnover
- -
- -
-33.57%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6
7
8
8
30
2025
7
5
4
4
20
2026
4
4
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Vincent S. Capone
Full Time Employees
65
Sector
Healthcare
Industry
Medical - Specialties
Address
2515 McKinney Avenue Dallas TX United States of America 75201
IPO Date
Jul 17, 2026
Business
Spectral AI, Inc. is a Dallas-based predictive artificial intelligence company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, with initial commercial applications in burn care; the company develops and commercializes the DeepView® System, a non-invasive, algorithm-driven diagnostic platform that combines multispectral imaging and proprietary AI to assess wound healing potential and support earlier treatment decisions for clinicians in burn centers, trauma centers, emergency departments and other care settings. Founded in 2009 and headquartered in Dallas, Texas, Spectral AI also maintains operations in the United Kingdom and markets its technology for potential use in burn wound assessment and broader wound-care applications, including future indications. In 2026, the company reached a major commercial inflection point after receiving FDA De Novo clearance for the DeepView System for burn indication, authorizing U.S. commercial distribution and positioning the platform for first commercial sales by year-end 2026. During the same period, Spectral AI secured $31.7 million of advanced BARDA funding to support additional DeepView development and procurement, drew $6.5 million under its Avenue Capital Group credit facility, completed remaining milestones under a Department of Defense contract through MTEC, expanded its leadership team with the appointments of David McGuire as chief financial officer and Darcy Bajko as chief commercial officer, and began a label-expansion study in the United Kingdom to extend the DeepView System to heads, hands and feet and support additional authorization in the United Kingdom, Australia or Gulf Cooperation Council countries. The company continues to report development and pre-commercial revenue primarily from government contracts, while advancing its transition from a research and development business toward commercial sales of its FDA-cleared DeepView burn-assessment system.

Company News

  • Spectral AI Showcases DeepView® System for Burn Indication and KOL Research at Southern Regional Burn Conference

  • Spectral AI Schedules 2026 Second Quarter Financial Results and Conference Call

  • Spectral AI Names Darcy Bajko Chief Commercial Officer to Lead Global Sales Launch of FDA-Cleared DeepView® System for Burn Indication

  • Spectral AI to Participate in 2026 British Burn Association Annual Conference

  • Spectral AI, Inc. (MDAI) Q1 2026 Earnings Call Transcript

  • Spectral AI (NASDAQ:MDAIW) Shares Down 8.6% – Should You Sell?