Marpai MRAI
OTC MRAI
$1.92 -0.41 (-17.60%)
At close: Nov 13, 2026 · 4:00 PM EST

Marpai (MRAI) Research & Development (2020 - 2025)

Updated

Marpai (MRAI) reported Research & Development of $7,000 for FY2025, down 75.9% from $29,000 in FY2024.

Analysis

Marpai (MRAI) Research & Development (2020 - 2025) Analysis & Trends

Dating back to FY2020, Marpai's Research & Development record includes 6 years.

  • Research & Development has declined for three consecutive years, with a five-year compound annual growth rate of -66.9% (FY2020 to FY2025).
  • The FY2025 figure ranks as the lowest annual Research & Development in data going back to FY2020.
  • According to Business Quant data, Research & Development came in at $29,000 in FY2024 (-97.8%), $1.31 million in FY2023 (-64.6%), $3.71 million in FY2022 (+113.8%) and $1.73 million in FY2021 (-1.8%).
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Unitedhealth 365.22 Bn 251.88 Bn 35.71 Bn -
2 Mckesson 127.33 Bn 111.26 Bn 3.96 Bn -
3 Cvs Health 114.34 Bn 63.29 Bn 47.21 Bn -
4 Elevance Health 92.86 Bn -49.61 Bn 13.65 Bn -
5 Cigna 78.25 Bn 47.45 Bn 15.09 Bn -
6 Cencora 68.51 Bn 68.51 Bn 3.60 Bn -
7 Cardinal Health 64.97 Bn 48.29 Bn 2.60 Bn -
8 Humana 54.10 Bn -36.68 Bn 4.83 Bn -
9 Centene 35.04 Bn -39.00 Bn 8.24 Bn -
10 Marpai 51.68 Mn 50.85 Mn 1.02 Mn -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2025 8,000.00
Mar 31, 2025 7,000.00
Dec 31, 2024 7,000.00
Sep 30, 2024 7,000.00
Jun 30, 2024 8,000.00
Mar 31, 2024 7,000.00
Dec 31, 2023 20,000.00
Sep 30, 2023 267,000.00
Jun 30, 2023 523,000.00
Mar 31, 2023 500,000.00
Dec 31, 2022 1.02 Mn
Sep 30, 2022 781,750.00
Jun 30, 2022 1.31 Mn
Mar 31, 2022 593,107.00
Dec 31, 2021 615,773.00
Sep 30, 2021 568,817.00
Jun 30, 2021 285,363.00
Mar 31, 2021 264,011.00
Dec 31, 2020 269,459.00
Sep 30, 2020 470,943.00
API Access

Marpai Research & Development 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=research-and-development&ticker=MRAI&period=max&api_key=YOUR_API_KEY