Marpai (MRAI) Net Margin (2021 - 2026)
Marpai's Net Margin came in at -110.01% for Q2 2026, down 16.13 percentage points from -93.88% a year earlier and down 38.00 percentage points from the prior quarter.
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Analysis
Marpai (MRAI) Net Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Marpai reported Net Margin of -101.61%, down 50.26 percentage points year-over-year; for FY2025, it came in at -91.50%, down 13.10 percentage points from FY2024.
- Net Margin carries a four-year change of +20.86 percentage points (FY2021 to FY2025).
- Going back by year, Net Margin was -78.40% in FY2024 (-1.02 pp), -77.38% in FY2023 (+31.35 pp), -108.74% in FY2022 (+3.62 pp) and -112.36% in FY2021.
- The five-year range for quarterly Net Margin is -181.19% (Q2 2024) to -17.54% (Q4 2024).
- Year-over-year, Net Margin has declined for four consecutive quarters, with an average year-over-year change of -3.53 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q2 2025 (a gain of 87.31 percentage points), and the weakest in Q4 2025 (a drop of 123.53 percentage points).
- Business Quant data shows MRAI's Net Margin at -72.01% (Q1 2026), -141.07% (Q4 2025) and -86.55% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 4.90% |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 2.81% |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | 0.58% |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | 2.90% |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | 2.32% |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 0.90% |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 0.63% |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 1.70% |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | 2.04% |
| 10 | Marpai | 92.03 Mn | 91.11 Mn | 997,000.00 | -110.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -110.01% |
| Mar 31, 2026 | -72.01% |
| Dec 31, 2025 | -141.07% |
| Sep 30, 2025 | -86.55% |
| Jun 30, 2025 | -93.88% |
| Mar 31, 2025 | -56.64% |
| Dec 31, 2024 | -17.54% |
| Sep 30, 2024 | -50.80% |
| Jun 30, 2024 | -181.19% |
| Mar 31, 2024 | -58.85% |
| Dec 31, 2023 | -57.74% |
| Sep 30, 2023 | -83.58% |
| Jun 30, 2023 | -75.21% |
| Mar 31, 2023 | -91.74% |
| Dec 31, 2022 | -111.87% |
| Sep 30, 2022 | -117.05% |
| Jun 30, 2022 | -119.95% |
| Mar 31, 2022 | -88.28% |
| Dec 31, 2021 | -97.16% |
| Sep 30, 2021 | -99.86% |
API Access
Marpai Net 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=net-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();