Growth Metrics

Spectral AI (MDAI) Shares Outstanding (2020 - 2026)

Spectral AI filings provide 5 years of Shares Outstanding readings, the most recent being $30.7 million for Q4 2025.

  • On a quarterly basis, Shares Outstanding rose 35.82% to $30.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was $30.7 million, a 35.82% increase, with the full-year FY2025 number at $30.7 million, up 35.82% from a year prior.
  • Shares Outstanding hit $30.7 million in Q4 2025 for Spectral AI, up from $27.3 million in the prior quarter.
  • In the past five years, Shares Outstanding ranged from a high of $135.0 million in Q4 2021 to a low of $13.1 million in Q1 2022.
  • Median Shares Outstanding over the past 5 years was $17.5 million (2024), compared with a mean of $25.4 million.
  • Biggest five-year swings in Shares Outstanding: plummeted 90.25% in 2022 and later surged 47.2% in 2025.
  • Spectral AI's Shares Outstanding stood at $135.0 million in 2021, then plummeted by 90.25% to $13.2 million in 2022, then rose by 23.73% to $16.3 million in 2023, then surged by 38.66% to $22.6 million in 2024, then skyrocketed by 35.82% to $30.7 million in 2025.
  • The last three reported values for Shares Outstanding were $30.7 million (Q4 2025), $27.3 million (Q3 2025), and $25.7 million (Q2 2025) per Business Quant data.