Spectral AI (MDAI) Net Margin (2022 - 2026)
Spectral AI (MDAI) posted Net Margin of -118.50% for Q2 2026, up 38.81 percentage points from -157.31% a year earlier but down 33.01 percentage points from the prior quarter.
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Analysis
Spectral AI (MDAI) Net Margin (2022 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Spectral AI was -65.54%, down 13.34 percentage points year-over-year; for FY2025, it was -38.53%, up 12.71 percentage points from FY2024.
- Annual Net Margin shows a three-year change of -27.05 percentage points (FY2022 to FY2025).
- In prior years, Spectral AI's Net Margin was -51.24% in FY2024 (+64.25 pp), -115.50% in FY2023 (-104.02 pp) and -11.48% in FY2022.
- Quarterly Net Margin has run from a low of -308.98% in Q3 2023 to a high of 39.91% in Q1 2025 over five years.
- On a year-over-year basis, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +24.14 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q3 2024, with a gain of 290.58 percentage points; the weakest was Q3 2023, with a drop of 303.58 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -85.49% (Q1 2026), 25.75% (Q4 2025) and -93.67% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 14.47% |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 7.37% |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 13.89% |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 28.29% |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 19.37% |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 16.67% |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 7.57% |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 13.89% |
| 10 | Spectral AI | 51.82 Mn | 217,734.54 | 1.11 Mn | -118.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -118.50% |
| Mar 31, 2026 | -85.49% |
| Dec 31, 2025 | 25.75% |
| Sep 30, 2025 | -93.67% |
| Jun 30, 2025 | -157.31% |
| Mar 31, 2025 | 39.91% |
| Dec 31, 2024 | -99.75% |
| Sep 30, 2024 | -18.40% |
| Jun 30, 2024 | -38.30% |
| Mar 31, 2024 | -50.66% |
| Dec 31, 2023 | -67.07% |
| Sep 30, 2023 | -308.98% |
| Jun 30, 2023 | -72.22% |
| Mar 31, 2023 | -71.07% |
| Dec 31, 2022 | -28.53% |
| Sep 30, 2022 | -5.40% |
API Access
Spectral AI Net 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=net-margin&ticker=MDAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=MDAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();