Marpai (MRAI) Gross Margin (2021 - 2026)
Marpai's Gross Margin came in at 23.93% for Q2 2026, up 7.91 percentage points from 16.02% a year earlier but down 3.18 percentage points from the prior quarter.
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Analysis
Marpai (MRAI) Gross Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Marpai reported Gross Margin of 25.86%, down 4.80 percentage points year-over-year; for FY2025, it was 26.41%, down 5.91 percentage points from FY2024.
- Gross Margin carries a four-year change of -1.26 percentage points (FY2021 to FY2025).
- Going back by year, Gross Margin was 32.33% in FY2024 (-2.44 pp), 34.76% in FY2023 (+5.16 pp), 29.60% in FY2022 (+1.93 pp) and 27.67% in FY2021.
- The five-year range for quarterly Gross Margin is 16.02% (Q2 2025) to 39.49% (Q4 2024).
- Year-over-year, Gross Margin increased in three of the last eight quarters, with an average year-over-year change of -3.49 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2023 (a gain of 10.72 percentage points), and the weakest in Q4 2025 (a drop of 13.77 percentage points).
- Business Quant data shows MRAI's Gross Margin at 27.12% (Q1 2026), 25.73% (Q4 2025) and 26.60% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 32.74% |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 44.52% |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | 3.50% |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | 26.65% |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | 20.88% |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 4.26% |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 4.02% |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 13.45% |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | 27.16% |
| 10 | Marpai | 92.03 Mn | 91.11 Mn | 997,000.00 | 23.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.93% |
| Mar 31, 2026 | 27.12% |
| Dec 31, 2025 | 25.73% |
| Sep 30, 2025 | 26.60% |
| Jun 30, 2025 | 16.02% |
| Mar 31, 2025 | 35.70% |
| Dec 31, 2024 | 39.49% |
| Sep 30, 2024 | 28.18% |
| Jun 30, 2024 | 28.03% |
| Mar 31, 2024 | 34.04% |
| Dec 31, 2023 | 34.43% |
| Sep 30, 2023 | 34.80% |
| Jun 30, 2023 | 36.00% |
| Mar 31, 2023 | 33.74% |
| Dec 31, 2022 | 36.91% |
| Sep 30, 2022 | 26.58% |
| Jun 30, 2022 | 25.28% |
| Mar 31, 2022 | 26.89% |
| Dec 31, 2021 | 28.33% |
| Sep 30, 2021 | 30.34% |
API Access
Marpai Gross 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=gross-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();