Spectral AI (MDAI) Free Cash Flow (2021 - 2026)
Spectral AI posted quarterly Free Cash Flow of -$3.7 million for Q1 2026, down 147.71% year-on-year from $7.8 million in Q1 2025, and down 46.08% on a QoQ basis from -$2.6 million in Q4 2025.
Spectral AI (MDAI) has 6 years of Free Cash Flow data on file, last reported at -$3.7 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 147.71% year-over-year to -$3.7 million; the trailing twelve-month figure through Mar 2026 stood at -$12.1 million (down 51.33% YoY), and the FY2025 full-year result was -$9.9 million, down 7.84% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$3.7 million, down from -$2.6 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $469000.0 in Q4 2024 and bottomed at -$5.4 million in Q2 2024.
- The 5-year median for Free Cash Flow is -$2.4 million (2023), against an average of -$2.2 million.
- The widest annual swing landed in 2022, when Free Cash Flow tumbled 6392.72%; it then surged 119.75% in 2024.
- A 5-year view of Free Cash Flow shows it stood at -$299000.0 in 2022, then tumbled by 694.31% to -$2.4 million in 2023, then jumped by 119.75% to $469000.0 in 2024, then plunged by 644.14% to -$2.6 million in 2025, then tumbled by 46.08% to -$3.7 million in 2026.
- The last three Free Cash Flow figures came in at -$3.7 million (Q1 2026), -$2.6 million (Q4 2025), and -$2.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 916.00 Mn |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 415.00 Mn |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 2.30 Bn |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 171.00 Mn |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | -21.10 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | 305.56 Mn |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 449.00 Mn |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 204.00 Mn |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 245.20 Mn |
| 10 | Spectral AI | 64.47 Mn | 52.81 Mn | 2.03 Mn | -3.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.73 Mn |
| Mar 31, 2026 | -3.73 Mn |
| Dec 31, 2025 | -2.55 Mn |
| Dec 31, 2025 | -2.55 Mn |
| Sep 30, 2025 | -2.50 Mn |
| Sep 30, 2025 | -2.50 Mn |
| Jun 30, 2025 | -3.36 Mn |
| Jun 30, 2025 | -3.36 Mn |
| Mar 31, 2025 | -1.51 Mn |
| Mar 31, 2025 | -1.51 Mn |
| Dec 31, 2024 | 469,000.00 |
| Dec 31, 2024 | 469,000.00 |
| Sep 30, 2024 | -1.63 Mn |
| Sep 30, 2024 | -1.63 Mn |
| Jun 30, 2024 | -5.36 Mn |
| Jun 30, 2024 | -5.36 Mn |
| Mar 31, 2024 | -2.68 Mn |
| Mar 31, 2024 | -2.68 Mn |
| Dec 31, 2023 | -2.38 Mn |
| Dec 31, 2023 | -2.38 Mn |
| Sep 30, 2023 | -5.34 Mn |
| Sep 30, 2023 | -5.34 Mn |
| Jun 30, 2023 | -1.77 Mn |
| Jun 30, 2023 | -1.77 Mn |
| Mar 31, 2023 | -3.76 Mn |
| Mar 31, 2023 | -3.76 Mn |
| Dec 31, 2022 | -299,000.00 |
| Dec 31, 2022 | -299,000.00 |
| Sep 30, 2022 | -319,312.00 |
| Sep 30, 2022 | -319,312.00 |
| Jun 30, 2022 | -240,174.00 |
| Jun 30, 2022 | -240,174.00 |
| Mar 31, 2022 | -303,514.00 |
| Mar 31, 2022 | -303,514.00 |
| Dec 31, 2021 | -94,342.00 |
| Dec 31, 2021 | -94,342.00 |
| Sep 30, 2021 | -4,918.00 |
| Sep 30, 2021 | -4,918.00 |
| Jun 30, 2021 | -576,346.00 |
| Jun 30, 2021 | -576,346.00 |
| Mar 31, 2021 | -149,987.00 |
| Mar 31, 2021 | -149,987.00 |