Growth Metrics

Spectral AI (MDAI) Gross Margin (2022 - 2025)

Spectral AI filings provide 4 years of Gross Margin readings, the most recent being 45.18% for Q4 2025.

  • On a quarterly basis, Gross Margin rose 115.0% to 45.18% in Q4 2025 year-over-year; TTM through Dec 2025 was 45.42%, a 55.0% increase, with the full-year FY2025 number at 45.42%, up 55.0% from a year prior.
  • Gross Margin hit 45.18% in Q4 2025 for Spectral AI, up from 42.75% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 47.23% in Q1 2025 to a low of 41.14% in Q4 2022.
  • Median Gross Margin over the past 4 years was 44.59% (2024), compared with a mean of 44.36%.
  • The widest YoY moves for Gross Margin: up 493bps in 2023, down -306bps in 2023.
  • Spectral AI's Gross Margin stood at 41.14% in 2022, then grew by 12bps to 46.08% in 2023, then fell by -4bps to 44.03% in 2024, then rose by 3bps to 45.18% in 2025.
  • The last three reported values for Gross Margin were 45.18% (Q4 2025), 42.75% (Q3 2025), and 45.21% (Q2 2025) per Business Quant data.