Spectral AI (MDAI) Gross Margin (2022 - 2026)
Spectral AI (MDAI) posted Gross Margin of 50.79% for Q1 2026, up 12.42% on a QoQ basis from 45.18% in Q4 2025, and up 356.0% year-over-year from 11.14% in Q1 2025.
Spectral AI (MDAI) Gross Margin (2022 - 2026) Analysis & Trends
Spectral AI's Gross Margin history runs 5 years deep, the most recent figure standing at 50.79% for Q1 2026.
- Quarterly Gross Margin rose 356.0% year-over-year to 50.79% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 45.97% (up 92.0% YoY) and the FY2025 annual result came in at 45.42%, up 55.0% from the prior year.
- Gross Margin was 50.79% for Q1 2026 at Spectral AI, up from 45.18% in the prior quarter.
- Across five years, Gross Margin topped out at 50.79% in Q1 2026 and bottomed at 41.14% in Q4 2022.
- A 5-year average of 44.79% and a median of 44.87% in 2024 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 493 bps in 2023, while the deepest fall reached 306 bps in 2023.
- Spectral AI's Gross Margin stood at 41.14% in 2022, then grew by 12 bps to 46.08% in 2023, then slipped by 4 bps to 44.03% in 2024, then rose by 3 bps to 45.18% in 2025, then gained by 12 bps to 50.79% in 2026.
- Business Quant data shows MDAI's Gross Margin at 50.79% in Q1 2026, 45.18% in Q4 2025, and 42.75% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 201.40 Bn | 194.75 Bn | 6.27 Bn | 56.20% |
| 2 | Stryker | 122.29 Bn | 119.41 Bn | 3.81 Bn | 63.29% |
| 3 | Medtronic | 105.01 Bn | 96.40 Bn | 6.41 Bn | 65.35% |
| 4 | Boston Scientific | 64.81 Bn | 63.59 Bn | 3.61 Bn | 69.46% |
| 5 | Edwards Lifesciences | 55.28 Bn | 51.60 Bn | 1.29 Bn | 78.01% |
| 6 | Dexcom | 29.06 Bn | 27.94 Bn | 750.30 Mn | 62.95% |
| 7 | Koninklijke Philips | 29.02 Bn | 25.93 Bn | 2.07 Bn | 45.22% |
| 8 | GE HealthCare Technologies | 28.27 Bn | 26.20 Bn | 1.98 Bn | 38.53% |
| 9 | Smith & Nephew | 25.80 Bn | 25.22 Bn | - | - |
| 10 | Spectral AI | 52.08 Mn | 40.43 Mn | 2.03 Mn | 50.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.79% |
| Dec 31, 2025 | 45.18% |
| Sep 30, 2025 | 42.75% |
| Jun 30, 2025 | 45.21% |
| Mar 31, 2025 | 47.23% |
| Dec 31, 2024 | 44.03% |
| Sep 30, 2024 | 44.87% |
| Jun 30, 2024 | 44.32% |
| Mar 31, 2024 | 46.55% |
| Dec 31, 2023 | 46.08% |
| Sep 30, 2023 | 42.79% |
| Jun 30, 2023 | 42.13% |
| Mar 31, 2023 | 42.95% |
| Dec 31, 2022 | 41.14% |
| Sep 30, 2022 | 45.85% |