Spectral AI (MDAI) Revenue (2022 - 2026)
Spectral AI's (MDAI) quarterly Revenue came in at $3.5 million in Q2 2026, down 30.42% on a YoY basis from $5.1 million in Q2 2025, and down 11.7% quarter-over-quarter from $4.0 million in Q1 2026.
Analysis
Spectral AI (MDAI) Revenue (2022 - 2026) Analysis & Trends
Spectral AI (MDAI) has reported Revenue for 5 consecutive years, with $3.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Revenue fell 30.42% year-over-year to $3.5 million; the trailing twelve-month figure through Jun 2026 stood at $15.4 million (down 44.13% YoY), and the FY2025 full-year result was $19.6 million, down 33.57% from the prior year.
- Revenue slipped to $3.5 million in Q2 2026 per MDAI's latest filing, from $4.0 million in the prior quarter.
- Across five years, Revenue topped out at $8.2 million in Q3 2024 and bottomed at $3.4 million in Q3 2023.
- Historically, Revenue has averaged $5.5 million across 5 years, with a median of $5.2 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Revenue soared 137.59% in 2024, then plunged 53.6% in 2025.
- Over 5 years, Revenue stood at $6.1 million in 2022, then retreated by 13.27% to $5.3 million in 2023, then soared by 43.82% to $7.6 million in 2024, then sank by 46.27% to $4.1 million in 2025, then declined by 13.75% to $3.5 million in 2026.
- According to Business Quant data, Revenue over the past three periods registered $3.5 million, $4.0 million, and $4.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.89 Bn | 27.78 Bn | 2.18 Bn | 5.30 Bn |
| 2 | Lantheus Holdings | 6.57 Bn | 5.98 Bn | 241.86 Mn | 388.18 Mn |
| 3 | Heartflow | 4.12 Bn | 3.75 Bn | 53.19 Mn | 64.08 Mn |
| 4 | Neogen | 2.60 Bn | 2.41 Bn | 107.80 Mn | 225.30 Mn |
| 5 | Butterfly Network | 1.99 Bn | 1.87 Bn | 23.29 Mn | 32.61 Mn |
| 6 | Ceribell | 924.37 Mn | 795.11 Mn | 25.94 Mn | 28.10 Mn |
| 7 | QuidelOrtho | 877.09 Mn | 753.69 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 210.50 Mn |
| 9 | Prenetics Global | 340.55 Mn | 281.50 Mn | 30.20 Mn | 46.49 Mn |
| 10 | Spectral AI | 51.01 Mn | 37.01 Mn | 1.11 Mn | 3.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.52 Mn |
| Mar 31, 2026 | 3.99 Mn |
| Dec 31, 2025 | 4.09 Mn |
| Sep 30, 2025 | 3.79 Mn |
| Jun 30, 2025 | 5.07 Mn |
| Mar 31, 2025 | 6.71 Mn |
| Dec 31, 2024 | 7.60 Mn |
| Sep 30, 2024 | 8.17 Mn |
| Jun 30, 2024 | 7.48 Mn |
| Mar 31, 2024 | 6.33 Mn |
| Dec 31, 2023 | 5.29 Mn |
| Sep 30, 2023 | 3.44 Mn |
| Jun 30, 2023 | 4.25 Mn |
| Mar 31, 2023 | 5.08 Mn |
| Dec 31, 2022 | 6.10 Mn |
| Sep 30, 2022 | 7.04 Mn |