Spectral AI (MDAI) Revenue (2022 - 2026)
Spectral AI's Revenue was $3.52 million in Q2 2026, down 30.4% from $5.07 million a year earlier and down 11.7% from the prior quarter.
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Analysis
Spectral AI (MDAI) Revenue (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Spectral AI's Revenue was $15.39 million through Jun 30, 2026, down 44.1% year-over-year; for FY2025, it was $19.65 million, down 33.6% from FY2024.
- Revenue shows a three-year compound annual growth rate of -8.2% (FY2022 to FY2025).
- In earlier years, Revenue was $29.58 million in FY2024 (+63.8%), $18.06 million in FY2023 (-28.8%) and $25.37 million in FY2022.
- The Q2 2026 figure marks the lowest quarterly Revenue since Q3 2023.
- Compared with a year earlier, Revenue has declined for five straight quarters, with an average decline of 2.0% over the last eight quarters.
- The best year-over-year quarter for Revenue over five years was Q3 2024 (growth of 137.6%); the worst was Q3 2025 (a decline of 53.6%).
- Per Business Quant data, MDAI's Revenue in the three quarters before Q2 2026 was $3.99 million (Q1 2026), $4.09 million (Q4 2025) and $3.79 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 11.99 Bn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 12.59 Bn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 6.27 Bn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 2.89 Bn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 9.76 Bn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 6.59 Bn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 5.44 Bn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 4.98 Bn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 1.74 Bn |
| 10 | Spectral AI | 51.82 Mn | 217,734.54 | 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 |
API Access
Spectral AI Revenue 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=revenue&ticker=MDAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=MDAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();