Spectral AI (MDAI) Operating Expenses (2021 - 2026)
Spectral AI's (MDAI) quarterly Operating Expenses came in at $4.0 million in Q1 2026, down 1.62% YoY from $4.1 million in Q1 2025, and down 2.23% on a QoQ basis from $4.1 million in Q4 2025.
Spectral AI (MDAI) Operating Expenses (2021 - 2026) Analysis & Trends
Spectral AI (MDAI) has 6 years of Operating Expenses data on file, last reported at $4.0 million in Q1 2026.
- Quarterly Operating Expenses fell 1.62% year-over-year to $4.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $17.5 million (down 7.27% YoY) and the FY2025 annual result came in at $17.5 million, down 11.72% from the prior year.
- Operating Expenses eased to $4.0 million in Q1 2026, from $4.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $5.8 million in Q2 2024 to a low of $248722.0 in Q2 2022.
- A 5-year average of $4.2 million and a median of $4.5 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 1822.63% — and 2025, when it fell 23.33%.
- Tracing MDAI's Operating Expenses over 5 years: stood at $4.3 million in 2022, then advanced by 25.44% to $5.4 million in 2023, then slipped by 16.89% to $4.5 million in 2024, then declined by 8.3% to $4.1 million in 2025, then declined by 2.23% to $4.0 million in 2026.
- The last three Operating Expenses figures came in at $4.0 million (Q1 2026), $4.1 million (Q4 2025), and $5.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.20 Bn | 194.60 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 129.69 Bn | 126.21 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 120.14 Bn | 110.92 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 74.16 Bn | 73.62 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.57 Bn | 32.62 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 34.09 Bn | 31.98 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.49 Bn | 23.17 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.19 Bn | 22.70 Bn | 684.20 Mn | 398.30 Mn |
| 10 | Spectral AI | 50.85 Mn | 36.85 Mn | 1.11 Mn | 5.44 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.44 Mn |
| Mar 31, 2026 | 4.00 Mn |
| Dec 31, 2025 | 4.09 Mn |
| Sep 30, 2025 | 4.96 Mn |
| Jun 30, 2025 | 4.41 Mn |
| Mar 31, 2025 | 4.06 Mn |
| Dec 31, 2024 | 4.46 Mn |
| Sep 30, 2024 | 4.55 Mn |
| Jun 30, 2024 | 5.76 Mn |
| Mar 31, 2024 | 5.09 Mn |
| Dec 31, 2023 | 5.37 Mn |
| Sep 30, 2023 | 5.64 Mn |
| Jun 30, 2023 | 4.78 Mn |
| Mar 31, 2023 | 5.08 Mn |
| Dec 31, 2022 | 4.28 Mn |
| Sep 30, 2022 | 3.48 Mn |
| Jun 30, 2022 | 248,722.00 |
| Mar 31, 2022 | 465,124.00 |
| Dec 31, 2021 | 1.78 Mn |
| Sep 30, 2021 | 1.19 Mn |