Marpai (MRAI) EBT Margin (2021 - 2026)
Marpai (MRAI) reported EBT Margin of -74.28% for Q3 2026, up 12.27 percentage points from -86.55% a year earlier and up 35.73 percentage points from the prior quarter.
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Analysis
Marpai (MRAI) EBT Margin (2021 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Marpai's EBT Margin came in at -97.98%, down 33.83 percentage points year-over-year; for FY2025, it came in at -91.50%, down 8.87 percentage points from FY2024.
- EBT Margin has a four-year change of +21.91 percentage points (FY2021 to FY2025).
- By year, EBT Margin came in at -82.63% in FY2024 (-4.46 pp), -78.16% in FY2023 (+32.71 pp), -110.88% in FY2022 (+2.53 pp) and -113.41% in FY2021.
- Five-year quarterly EBT Margin spans a low of -181.19% in Q2 2024 and a high of -35.59% in Q4 2024.
- Year over year, EBT Margin gained in four of the last eight quarters, with an average year-over-year change of -5.63 percentage points.
- The high point for year-over-year EBT Margin in five years was Q2 2025 (a gain of 87.31 percentage points); the low point was Q2 2024 (a drop of 105.99 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -110.01% (Q2 2026), -71.62% (Q1 2026) and -141.07% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 365.22 Bn | 251.88 Bn | 35.71 Bn | 4.90% |
| 2 | Mckesson | 127.33 Bn | 111.26 Bn | 3.96 Bn | 1.41% |
| 3 | Cvs Health | 114.34 Bn | 63.29 Bn | 47.21 Bn | 2.63% |
| 4 | Elevance Health | 92.86 Bn | -49.61 Bn | 13.65 Bn | 3.49% |
| 5 | Cigna | 78.25 Bn | 47.45 Bn | 15.09 Bn | 2.85% |
| 6 | Cencora | 68.51 Bn | 68.51 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 64.97 Bn | 48.29 Bn | 2.60 Bn | 1.02% |
| 8 | Humana | 54.10 Bn | -36.68 Bn | 4.83 Bn | 0.52% |
| 9 | Centene | 35.04 Bn | -39.00 Bn | 8.24 Bn | -3.10% |
| 10 | Marpai | 51.68 Mn | 50.85 Mn | 1.02 Mn | -74.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -74.28% |
| Jun 30, 2026 | -110.01% |
| Mar 31, 2026 | -71.62% |
| Dec 31, 2025 | -141.07% |
| Sep 30, 2025 | -86.55% |
| Jun 30, 2025 | -93.88% |
| Mar 31, 2025 | -56.64% |
| Dec 31, 2024 | -35.59% |
| Sep 30, 2024 | -50.80% |
| Jun 30, 2024 | -181.19% |
| Mar 31, 2024 | -58.85% |
| Dec 31, 2023 | -61.07% |
| Sep 30, 2023 | -83.58% |
| Jun 30, 2023 | -75.21% |
| Mar 31, 2023 | -91.74% |
| Dec 31, 2022 | -118.70% |
| Sep 30, 2022 | -117.05% |
| Jun 30, 2022 | -119.95% |
| Mar 31, 2022 | -88.28% |
| Dec 31, 2021 | -97.16% |
API Access
Marpai EBT 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=ebt-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();