Spectral AI (MDAIW) Shares Outstanding (2020 - 2026)
Spectral AI's Shares Outstanding came in at 32.08 million for Q2 2026, up 26.2% from 25.42 million a year earlier and up 1.0% from the prior quarter.
Powered by 
Analysis
Spectral AI (MDAIW) Shares Outstanding (2020 - 2026) Analysis & Trends
For FY2025, Spectral AI's Shares Outstanding was 26.52 million, up 47.9% from FY2024.
- Shares Outstanding carries a five-year compound annual growth rate of 37.0% (FY2020 to FY2025).
- Going back by year, 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 represents the highest quarterly Shares Outstanding in data going back to Q4 2020.
- Year-over-year, Shares Outstanding has increased for ten consecutive quarters, with growth averaging 37.4% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding over five years came in Q4 2021 (growth of 412.5%), and the weakest in Q1 2023 (a decline of 80.0%).
- Business Quant data shows MDAIW's Shares Outstanding at 31.76 million (Q1 2026), 26.52 million (Q4 2025) and 26.32 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
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=MDAIW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "ticker": "MDAIW", "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=MDAIW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();