Spectral AI (MDAI) Gross Margin (2022 - 2026)
Spectral AI (MDAI) reported Gross Margin of 31.58% for Q2 2026, down 13.63 percentage points from 45.21% a year earlier and down 19.21 percentage points from the prior quarter.
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Analysis
Spectral AI (MDAI) Gross Margin (2022 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Spectral AI's Gross Margin came in at 42.92%, down 2.35 percentage points year-over-year; for FY2025, it came in at 45.42%, up 0.55 percentage points from FY2024.
- Gross Margin has increased for three consecutive years, with a three-year change of +2.70 percentage points (FY2022 to FY2025).
- By year, Gross Margin came in at 44.87% in FY2024 (+1.23 pp), 43.64% in FY2023 (+0.92 pp) and 42.72% in FY2022.
- The Q2 2026 figure ranks as the lowest quarterly Gross Margin in data going back to Q3 2022.
- Year over year, Gross Margin gained in five of the last eight quarters, with an average year-over-year change of -1.18 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2023 (a gain of 4.93 percentage points); the low point was Q2 2026 (a drop of 13.63 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 50.79% (Q1 2026), 45.18% (Q4 2025) and 42.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 40.70% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 57.71% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 57.64% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 67.78% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 68.27% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 70.71% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 46.46% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 77.46% |
| 10 | Spectral AI | 51.82 Mn | 217,734.54 | 1.11 Mn | 31.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.58% |
| 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% |
API Access
Spectral AI Gross 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=gross-margin&ticker=MDAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=MDAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();