Spectral AI (MDAI) EBITDA (2021 - 2026)

Spectral AI has reported EBITDA for 6 years, with the latest figure at -$3.4 million in Q1 2026.

• For the quarter ending Q1 2026, EBITDA fell 217.43% year-over-year to -$3.4 million; the trailing twelve-month figure through Mar 2026 stood at -$13.9 million (down 53.33% YoY), and the FY2025 full-year result was -$7.5 million, up 50.33% from the prior year.
• EBITDA for Q1 2026 stood at -$3.4 million, down from $1.1 million in the prior quarter.
• The five-year high for EBITDA was $2.9 million in Q1 2025, with the low at -$10.6 million in Q3 2023.
• Historically, EBITDA has averaged -$2.9 million across 5 years, with a median of -$3.1 million in 2023.
• Annual changes were most pronounced in 2023 — EBITDA tumbled 4135.86% — and 2025, when it jumped 190.86%.
• Spectral AI's EBITDA stood at -$1.8 million in 2022, then plunged by 99.77% to -$3.5 million in 2023, then plunged by 115.25% to -$7.6 million in 2024, then soared by 113.84% to $1.1 million in 2025, then tumbled by 424.98% to -$3.4 million in 2026.
• The last three EBITDA figures came in at -$3.4 million (Q1 2026), $1.1 million (Q4 2025), and -$3.6 million (Q3 2025), per Business Quant data.