Spectral AI (MDAI) Revenue (2022 - 2026)
Spectral AI's (MDAI) quarterly Revenue came in at $4.0 million in Q1 2026, down 40.5% YoY from $6.7 million in Q1 2025, and down 2.33% on a QoQ basis from $4.1 million in Q4 2025.
Spectral AI (MDAI) Revenue (2022 - 2026) Analysis & Trends
Spectral AI (MDAI) has 5 years of Revenue data on file, last reported at $4.0 million in Q1 2026.
- Quarterly Revenue fell 40.5% year-over-year to $4.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $16.9 million (down 43.48% YoY) and the FY2025 annual result came in at $19.6 million, down 33.57% from the prior year.
- Revenue fell to $4.0 million in Q1 2026, from $4.1 million in the prior quarter.
- In the past five years, Revenue ranged from a high of $8.2 million in Q3 2024 to a low of $3.4 million in Q3 2023.
- A 5-year average of $5.6 million and a median of $5.3 million in 2023 frame the typical range for Revenue.
- Annual changes were most pronounced in 2024 — Revenue surged 137.59% — and 2025, when it tumbled 53.6%.
- Tracing MDAI's Revenue over 5 years: stood at $6.1 million in 2022, then declined by 13.27% to $5.3 million in 2023, then jumped by 43.82% to $7.6 million in 2024, then tumbled by 46.27% to $4.1 million in 2025, then declined by 2.33% to $4.0 million in 2026.
- The last three Revenue figures came in at $4.0 million (Q1 2026), $4.1 million (Q4 2025), and $3.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.90 Bn | 194.30 Bn | 7.27 Bn | 12.59 Bn |
| 2 | Stryker | 130.01 Bn | 126.54 Bn | 4.50 Bn | 6.59 Bn |
| 3 | Medtronic | 120.53 Bn | 111.31 Bn | 6.41 Bn | 9.81 Bn |
| 4 | Boston Scientific | 74.77 Bn | 74.24 Bn | 3.85 Bn | 5.44 Bn |
| 5 | Edwards Lifesciences | 52.74 Bn | 48.49 Bn | 1.35 Bn | 1.74 Bn |
| 6 | Dexcom | 34.74 Bn | 32.79 Bn | 830.00 Mn | 1.31 Bn |
| 7 | GE HealthCare Technologies | 33.78 Bn | 31.67 Bn | 2.18 Bn | 5.30 Bn |
| 8 | Koninklijke Philips | 26.43 Bn | 23.11 Bn | 4.55 Bn | 9.61 Bn |
| 9 | Steris | 23.15 Bn | 22.67 Bn | 684.20 Mn | 1.49 Bn |
| 10 | Spectral AI | 50.53 Mn | 36.53 Mn | 1.11 Mn | 3.52 Mn |
Historic Data
Download 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 |