Marpai (MRAI) EBITDA Margin (2021 - 2026)
Marpai's EBITDA Margin was -82.41% in Q2 2026, down 7.23 percentage points from -75.17% a year earlier and down 27.86 percentage points from the prior quarter.
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Analysis
Marpai (MRAI) EBITDA Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Marpai's EBITDA Margin was -80.47% through Jun 30, 2026, down 34.01 percentage points year-over-year; for FY2025, it came in at -72.78%, down 2.39 percentage points from FY2024.
- EBITDA Margin shows a four-year change of +24.92 percentage points (FY2021 to FY2025).
- In earlier years, EBITDA Margin was -70.39% in FY2024 (-5.58 pp), -64.81% in FY2023 (+31.40 pp), -96.21% in FY2022 (+1.49 pp) and -97.70% in FY2021.
- Quarterly EBITDA Margin has moved between -158.01% (Q2 2024) and -38.08% (Q4 2024) over five years.
- Compared with a year earlier, EBITDA Margin has declined for four straight quarters, with an average year-over-year change of -0.78 percentage points over the last eight quarters.
- The best year-over-year quarter for EBITDA Margin over five years was Q2 2025 (a gain of 82.83 percentage points); the worst was Q2 2024 (a drop of 95.63 percentage points).
- Per Business Quant data, MRAI's EBITDA Margin in the three quarters before Q2 2026 was -54.55% (Q1 2026), -122.02% (Q4 2025) and -65.99% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 8.06% |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 5.49% |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | 1.44% |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | -68.79% |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | 4.65% |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 1.65% |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 1.52% |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 3.79% |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | 2.80% |
| 10 | Marpai | 92.03 Mn | 91.11 Mn | 997,000.00 | -82.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -82.41% |
| Mar 31, 2026 | -54.55% |
| Dec 31, 2025 | -122.02% |
| Sep 30, 2025 | -65.99% |
| Jun 30, 2025 | -75.17% |
| Mar 31, 2025 | -39.55% |
| Dec 31, 2024 | -38.08% |
| Sep 30, 2024 | -40.63% |
| Jun 30, 2024 | -158.01% |
| Mar 31, 2024 | -42.17% |
| Dec 31, 2023 | -48.60% |
| Sep 30, 2023 | -69.90% |
| Jun 30, 2023 | -62.38% |
| Mar 31, 2023 | -77.33% |
| Dec 31, 2022 | -102.84% |
| Sep 30, 2022 | -100.69% |
| Jun 30, 2022 | -105.96% |
| Mar 31, 2022 | -75.79% |
| Dec 31, 2021 | -84.99% |
| Sep 30, 2021 | -81.96% |
API Access
Marpai EBITDA Margin 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=ebitda-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();