Spectral AI (MDAI) EBITDA (2021 - 2026)
Spectral AI's (MDAI) quarterly EBITDA came in at -$2.0 million in Q1 2026, down 119.98% YoY from $9.9 million in Q1 2025, and up 12.13% on a QoQ basis from -$2.2 million in Q4 2025.
Spectral AI (MDAI) EBITDA (2021 - 2026) Analysis & Trends
Spectral AI (MDAI) has 6 years of EBITDA data on file, last reported at -$2.0 million in Q1 2026.
- Quarterly EBITDA fell 119.98% year-over-year to -$2.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$9.7 million (down 81.41% YoY) and the FY2025 annual result came in at -$8.6 million, down 30.7% from the prior year.
- EBITDA climbed to -$2.0 million in Q1 2026, from -$2.2 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of -$248722.0 in Q2 2022 to a low of -$4.2 million in Q3 2023.
- A 5-year average of -$1.9 million and a median of -$2.1 million in 2025 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2022 — EBITDA soared 78.96% — and 2023, when it slumped 1559.76%.
- Tracing MDAI's EBITDA over 5 years: stood at -$1.8 million in 2022, then plunged by 65.57% to -$2.9 million in 2023, then soared by 62.07% to -$1.1 million in 2024, then sank by 101.89% to -$2.2 million in 2025, then climbed by 12.13% to -$2.0 million in 2026.
- The last three EBITDA figures came in at -$2.0 million (Q1 2026), -$2.2 million (Q4 2025), and -$3.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.08 Bn | 194.48 Bn | 7.27 Bn | 1.69 Bn |
| 2 | Stryker | 129.71 Bn | 126.23 Bn | 4.50 Bn | 1.66 Bn |
| 3 | Medtronic | 120.07 Bn | 110.85 Bn | 6.41 Bn | 1.87 Bn |
| 4 | Boston Scientific | 74.08 Bn | 73.54 Bn | 3.85 Bn | 1.18 Bn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn | 513.20 Mn |
| 6 | Dexcom | 34.51 Bn | 32.56 Bn | 830.00 Mn | 318.30 Mn |
| 7 | GE HealthCare Technologies | 34.03 Bn | 31.92 Bn | 2.18 Bn | 739.00 Mn |
| 8 | Koninklijke Philips | 26.51 Bn | 23.19 Bn | 4.55 Bn | 989.17 Mn |
| 9 | Steris | 23.20 Bn | 22.72 Bn | 684.20 Mn | 285.80 Mn |
| 10 | Spectral AI | 50.85 Mn | 36.85 Mn | 1.11 Mn | -4.32 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -4.32 Mn |
| Mar 31, 2026 | -1.97 Mn |
| Dec 31, 2025 | -2.24 Mn |
| Sep 30, 2025 | -3.34 Mn |
| Jun 30, 2025 | -2.12 Mn |
| Mar 31, 2025 | -896,000.00 |
| Dec 31, 2024 | -1.11 Mn |
| Sep 30, 2024 | -886,000.00 |
| Jun 30, 2024 | -2.44 Mn |
| Mar 31, 2024 | -2.14 Mn |
| Dec 31, 2023 | -2.93 Mn |
| Sep 30, 2023 | -4.17 Mn |
| Jun 30, 2023 | -2.99 Mn |
| Mar 31, 2023 | -2.90 Mn |
| Dec 31, 2022 | -1.77 Mn |
| Sep 30, 2022 | -251,000.00 |
| Jun 30, 2022 | -248,722.00 |
| Mar 31, 2022 | -465,124.00 |
| Dec 31, 2021 | -1.78 Mn |
| Sep 30, 2021 | -1.19 Mn |