Spectral AI (MDAI) EBITDA Margin (2022 - 2026)
Spectral AI (MDAI) recorded EBITDA Margin of -121.85% in Q2 2026, down 80.13 percentage points from -41.72% a year earlier and down 73.22 percentage points from the prior quarter.
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Analysis
Spectral AI (MDAI) EBITDA Margin (2022 - 2026) Analysis & Trends
On a TTM basis, Spectral AI's EBITDA Margin came in at -76.40% as of Jun 30, 2026, down 58.25 percentage points year-over-year; for FY2025, it came in at -43.42%, down 21.20 percentage points from FY2024.
- Annual EBITDA Margin has a three-year change of -33.03 percentage points (FY2022 to FY2025).
- Across earlier years, EBITDA Margin came in at -22.22% in FY2024 (+49.64 pp), -71.86% in FY2023 (-61.47 pp) and -10.39% in FY2022.
- The Q2 2026 figure is the lowest quarterly EBITDA Margin in data going back to Q4 2022.
- On a year-over-year basis, EBITDA Margin has declined for five consecutive quarters, with an average year-over-year change of -8.64 percentage points over the last eight quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 110.22 percentage points in Q3 2024, against a drop of 80.13 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at -48.63% (Q1 2026), -54.19% (Q4 2025) and -87.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 24.20% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 21.86% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 28.51% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 41.08% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 25.55% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 29.67% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 28.17% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 24.62% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 31.93% |
| 10 | Spectral AI | 51.82 Mn | 217,734.54 | 1.11 Mn | -121.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -121.85% |
| Mar 31, 2026 | -48.63% |
| Dec 31, 2025 | -54.19% |
| Sep 30, 2025 | -87.32% |
| Jun 30, 2025 | -41.72% |
| Mar 31, 2025 | -13.33% |
| Dec 31, 2024 | -14.56% |
| Sep 30, 2024 | -10.83% |
| Jun 30, 2024 | -32.63% |
| Mar 31, 2024 | -33.83% |
| Dec 31, 2023 | -55.36% |
| Sep 30, 2023 | -121.05% |
| Jun 30, 2023 | -70.29% |
| Mar 31, 2023 | -57.03% |
| Dec 31, 2022 | -28.94% |
API Access
Spectral AI EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=MDAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "MDAI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=MDAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();