Growth Metrics

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

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DateValue
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