Spectral AI (MDAI) Shares Outstanding (2020 - 2026)
Spectral AI (MDAI) posted Shares Outstanding of 32.08 million for Q2 2026, up 26.2% from 25.42 million a year earlier and up 1.0% from the prior quarter.
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Analysis
Spectral AI (MDAI) Shares Outstanding (2020 - 2026) Analysis & Trends
For FY2025, Spectral AI's Shares Outstanding came in at 26.52 million, up 47.9% from FY2024.
- Annual Shares Outstanding shows a five-year compound annual growth rate of 37.0% (FY2020 to FY2025).
- In prior years, Spectral AI's Shares Outstanding was 17.93 million in FY2024 (+27.3%), 14.09 million in FY2023 (-55.2%), 31.42 million in FY2022 (+11.5%) and 28.19 million in FY2021 (+412.5%).
- The Q2 2026 figure stands as the highest quarterly Shares Outstanding in data going back to Q4 2020.
- On a year-over-year basis, Shares Outstanding has increased in each of the last ten quarters, with growth averaging 37.4% over the last eight quarters.
- The strongest year-over-year quarter for Shares Outstanding in the past five years was Q4 2021, with growth of 412.5%; the weakest was Q1 2023, with a decline of 80.0%.
- According to Business Quant data, Shares Outstanding for the three prior quarters was 31.76 million (Q1 2026), 26.52 million (Q4 2025) and 26.32 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 371.00 Mn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 1.74 Bn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 705.30 Mn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 354.10 Mn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 1.28 Bn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 383.50 Mn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 1.47 Bn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 576.40 Mn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 274.79 Mn |
| 10 | Spectral AI | 53.43 Mn | 1.83 Mn | 1.11 Mn | 32.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.08 Mn |
| Mar 31, 2026 | 31.76 Mn |
| Dec 31, 2025 | 26.52 Mn |
| Sep 30, 2025 | 26.32 Mn |
| Jun 30, 2025 | 25.42 Mn |
| Mar 31, 2025 | 22.99 Mn |
| Dec 31, 2024 | 17.93 Mn |
| Sep 30, 2024 | 17.86 Mn |
| Jun 30, 2024 | 17.60 Mn |
| Mar 31, 2024 | 16.56 Mn |
| Dec 31, 2023 | 14.09 Mn |
| Sep 30, 2023 | 13.82 Mn |
| Jun 30, 2023 | 6.33 Mn |
| Mar 31, 2023 | 6.33 Mn |
| Dec 31, 2022 | 31.42 Mn |
| Sep 30, 2022 | 31.63 Mn |
| Jun 30, 2022 | 31.63 Mn |
| Mar 31, 2022 | 31.63 Mn |
| Dec 31, 2021 | 28.19 Mn |
| Sep 30, 2021 | 25.30 Mn |
API Access
Spectral AI Shares Outstanding 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=shares-outstanding&ticker=MDAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=MDAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();