Spectral AI (MDAIW) Operating Expenses (2021 - 2026)
Spectral AI posted quarterly Operating Expenses of $4.0 million for Q1 2026, down 1.62% year-on-year from $4.1 million in Q1 2025, and down 2.23% on a QoQ basis from $4.1 million in Q4 2025.
Spectral AI (MDAIW) has 6 years of Operating Expenses data on file, last reported at $4.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 1.62% year-over-year to $4.0 million; the trailing twelve-month figure through Mar 2026 stood at $17.5 million (down 7.27% YoY), and the FY2025 full-year result was $17.5 million, down 11.72% from the prior year.
- Operating Expenses for Q1 2026 stood at $4.0 million, down from $4.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $5.8 million in Q2 2024 and bottomed at $248722.0 in Q2 2022.
- The 5-year median for Operating Expenses is $4.5 million (2024), against an average of $4.2 million.
- The widest annual swing landed in 2023, when Operating Expenses soared 1822.63%; it then fell 23.33% in 2025.
- A 5-year view of Operating Expenses shows it stood at $4.3 million in 2022, then climbed by 25.44% to $5.4 million in 2023, then dropped by 16.89% to $4.5 million in 2024, then fell by 8.3% to $4.1 million in 2025, then fell by 2.23% to $4.0 million in 2026.
- The last three Operating Expenses figures came in at $4.0 million (Q1 2026), $4.1 million (Q4 2025), and $5.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 152.82 Bn | 146.17 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 115.07 Bn | 112.19 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 95.25 Bn | 87.08 Bn | 5.76 Bn | 3.76 Bn |
| 4 | Boston Scientific | 71.38 Bn | 70.17 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 51.08 Bn | 47.41 Bn | 1.29 Bn | 822.60 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -668.50 Mn |
| 7 | Dexcom | 28.84 Bn | 27.72 Bn | 750.30 Mn | 495.00 Mn |
| 8 | GE HealthCare Technologies | 28.56 Bn | 26.49 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Steris | 20.71 Bn | 20.30 Bn | 697.10 Mn | 380.30 Mn |
| 10 | Spectral AI | - | - | 2.03 Mn | 4.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.00 Mn |
| Dec 31, 2025 | 4.09 Mn |
| Sep 30, 2025 | 4.96 Mn |
| Jun 30, 2025 | 4.41 Mn |
| Mar 31, 2025 | 4.06 Mn |
| Dec 31, 2024 | 4.46 Mn |
| Sep 30, 2024 | 4.55 Mn |
| Jun 30, 2024 | 5.76 Mn |
| Mar 31, 2024 | 5.09 Mn |
| Dec 31, 2023 | 5.37 Mn |
| Sep 30, 2023 | 5.64 Mn |
| Jun 30, 2023 | 4.78 Mn |
| Mar 31, 2023 | 5.08 Mn |
| Dec 31, 2022 | 4.28 Mn |
| Sep 30, 2022 | 3.48 Mn |
| Jun 30, 2022 | 248,722.00 |
| Mar 31, 2022 | 465,124.00 |
| Dec 31, 2021 | 1.78 Mn |
| Sep 30, 2021 | 1.19 Mn |
| Jun 30, 2021 | 287,037.00 |
| Mar 31, 2021 | 157,816.00 |