Marpai (MRAI) Accumulated Expenses (2020 - 2026)
Marpai (MRAI) posted Accumulated Expenses of $1.61 million for Q3 2026, down 19.0% from $1.98 million a year earlier and down 34.6% from the prior quarter.
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Analysis
Marpai (MRAI) Accumulated Expenses (2020 - 2026) Analysis & Trends
At the end of FY2025, Marpai's Accumulated Expenses came in at $2.12 million, down 18.2% from FY2024.
- Annual Accumulated Expenses has declined for three consecutive years, though with a five-year compound annual growth rate of 51.2% (FY2020 to FY2025).
- In prior years, Marpai's Accumulated Expenses was $2.59 million in FY2024 (-8.2%), $2.82 million in FY2023 (-46.6%), $5.27 million in FY2022 (+108.9%) and $2.53 million in FY2021 (+842.3%).
- The Q3 2026 figure stands as the lowest quarterly Accumulated Expenses since Q4 2020.
- On a year-over-year basis, Accumulated Expenses increased in two of the last eight quarters, with an average decline of 12.6%.
- The strongest year-over-year quarter for Accumulated Expenses in the past five years was Q4 2021, with growth of 842.3%; the weakest was Q2 2024, with a decline of 46.6%.
- According to Business Quant data, Accumulated Expenses for the three prior quarters was $2.46 million (Q2 2026), $2.26 million (Q1 2026) and $2.12 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Unitedhealth | 365.22 Bn | 251.88 Bn | 35.71 Bn |
| 2 | Mckesson | 127.33 Bn | 111.26 Bn | 3.96 Bn |
| 3 | Cvs Health | 114.34 Bn | 63.29 Bn | 47.21 Bn |
| 4 | Elevance Health | 92.86 Bn | -49.61 Bn | 13.65 Bn |
| 5 | Cigna | 78.25 Bn | 47.45 Bn | 15.09 Bn |
| 6 | Cencora | 68.51 Bn | 68.51 Bn | 3.60 Bn |
| 7 | Cardinal Health | 64.97 Bn | 48.29 Bn | 2.60 Bn |
| 8 | Humana | 54.10 Bn | -36.68 Bn | 4.83 Bn |
| 9 | Centene | 35.04 Bn | -39.00 Bn | 8.24 Bn |
| 10 | Marpai | 51.68 Mn | 50.85 Mn | 1.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.61 Mn |
| Jun 30, 2026 | 2.46 Mn |
| Mar 31, 2026 | 2.26 Mn |
| Dec 31, 2025 | 2.12 Mn |
| Sep 30, 2025 | 1.98 Mn |
| Jun 30, 2025 | 2.07 Mn |
| Mar 31, 2025 | 1.91 Mn |
| Dec 31, 2024 | 2.59 Mn |
| Sep 30, 2024 | 2.96 Mn |
| Jun 30, 2024 | 2.64 Mn |
| Mar 31, 2024 | 3.08 Mn |
| Dec 31, 2023 | 2.82 Mn |
| Sep 30, 2023 | 4.66 Mn |
| Jun 30, 2023 | 4.95 Mn |
| Mar 31, 2023 | 3.77 Mn |
| Dec 31, 2022 | 5.27 Mn |
| Sep 30, 2022 | 2.34 Mn |
| Jun 30, 2022 | 2.32 Mn |
| Mar 31, 2022 | 2.17 Mn |
| Dec 31, 2021 | 2.53 Mn |
API Access
Marpai Accumulated Expenses 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=accumulated-expenses&ticker=MRAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "MRAI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=MRAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();