Marpai (MRAI) Operating Margin (2021 - 2026)
Marpai (MRAI) posted Operating Margin of -82.41% for Q2 2026, down 4.94 percentage points from -77.47% a year earlier and down 26.51 percentage points from the prior quarter.
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Marpai (MRAI) Operating Margin (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Marpai was -81.84%, down 32.82 percentage points year-over-year; for FY2025, it was -74.88%, up 3.52 percentage points from FY2024.
- Annual Operating Margin shows a four-year change of +36.61 percentage points (FY2021 to FY2025).
- In prior years, Marpai's Operating Margin was -78.40% in FY2024 (-3.10 pp), -75.30% in FY2023 (+35.44 pp), -110.74% in FY2022 (+0.75 pp) and -111.49% in FY2021.
- Quarterly Operating Margin has run from a low of -170.72% in Q2 2024 to a high of -40.78% in Q4 2024 over five years.
- On a year-over-year basis, Operating Margin has declined in each of the last four quarters, with an average year-over-year change of +4.38 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q2 2025, with a gain of 93.25 percentage points; the weakest was Q2 2024, with a drop of 98.36 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was -55.90% (Q1 2026), -123.52% (Q4 2025) and -68.64% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 7.13% |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 4.43% |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | 1.25% |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | -69.51% |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | 3.73% |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 1.32% |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 1.14% |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 3.33% |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | 2.24% |
| 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 | -55.90% |
| Dec 31, 2025 | -123.52% |
| Sep 30, 2025 | -68.64% |
| Jun 30, 2025 | -77.47% |
| Mar 31, 2025 | -41.53% |
| Dec 31, 2024 | -40.78% |
| Sep 30, 2024 | -43.66% |
| Jun 30, 2024 | -170.72% |
| Mar 31, 2024 | -55.04% |
| Dec 31, 2023 | -59.21% |
| Sep 30, 2023 | -80.52% |
| Jun 30, 2023 | -72.36% |
| Mar 31, 2023 | -88.12% |
| Dec 31, 2022 | -117.19% |
| Sep 30, 2022 | -117.75% |
| Jun 30, 2022 | -119.93% |
| Mar 31, 2022 | -89.06% |
| Dec 31, 2021 | -97.51% |
| Sep 30, 2021 | -98.68% |
API Access
Marpai Operating 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=operating-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MRAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();