Marpai (MRAI) Revenue (2021 - 2026)
Marpai (MRAI) reported Revenue of $4.42 million for Q3 2026, up 9.6% from $4.04 million a year earlier and up 6.2% from the prior quarter.
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Analysis
Marpai (MRAI) Revenue (2021 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Marpai's Revenue came in at $17.02 million, down 17.8% year-over-year; for FY2025, it was $18.1 million, down 35.8% from FY2024.
- Revenue has a four-year compound annual growth rate of 6.2% (FY2021 to FY2025).
- By year, Revenue came in at $28.17 million in FY2024 (-24.2%), $37.16 million in FY2023 (+52.6%), $24.34 million in FY2022 (+71.1%) and $14.23 million in FY2021.
- Five-year quarterly Revenue spans a low of $3.99 million in Q4 2025 and a high of $10.05 million in Q2 2023.
- Year over year, Revenue gained in 1 of the last eight quarters, with an average decline of 23.4%.
- The high point for year-over-year Revenue in five years was Q2 2023 (growth of 80.8%); the low point was Q3 2025 (a decline of 42.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $4.17 million (Q2 2026), $4.44 million (Q1 2026) and $3.99 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 365.22 Bn | 251.88 Bn | 35.71 Bn | 112.69 Bn |
| 2 | Mckesson | 127.33 Bn | 111.26 Bn | 3.96 Bn | 110.96 Bn |
| 3 | Cvs Health | 114.34 Bn | 63.29 Bn | 47.21 Bn | 108.40 Bn |
| 4 | Elevance Health | 92.86 Bn | -49.61 Bn | 13.65 Bn | 51.43 Bn |
| 5 | Cigna | 78.25 Bn | 47.45 Bn | 15.09 Bn | 73.68 Bn |
| 6 | Cencora | 68.51 Bn | 68.51 Bn | 3.60 Bn | 88.35 Bn |
| 7 | Cardinal Health | 64.97 Bn | 48.29 Bn | 2.60 Bn | 67.51 Bn |
| 8 | Humana | 54.10 Bn | -36.68 Bn | 4.83 Bn | 41.16 Bn |
| 9 | Centene | 35.04 Bn | -39.00 Bn | 8.24 Bn | 49.73 Bn |
| 10 | Marpai | 51.68 Mn | 50.85 Mn | 1.02 Mn | 4.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.42 Mn |
| Jun 30, 2026 | 4.17 Mn |
| Mar 31, 2026 | 4.44 Mn |
| Dec 31, 2025 | 3.99 Mn |
| Sep 30, 2025 | 4.04 Mn |
| Jun 30, 2025 | 4.66 Mn |
| Mar 31, 2025 | 5.42 Mn |
| Dec 31, 2024 | 6.59 Mn |
| Sep 30, 2024 | 7.01 Mn |
| Jun 30, 2024 | 7.19 Mn |
| Mar 31, 2024 | 7.39 Mn |
| Dec 31, 2023 | 8.71 Mn |
| Sep 30, 2023 | 8.73 Mn |
| Jun 30, 2023 | 10.05 Mn |
| Mar 31, 2023 | 9.67 Mn |
| Dec 31, 2022 | 7.63 Mn |
| Sep 30, 2022 | 4.94 Mn |
| Jun 30, 2022 | 5.56 Mn |
| Mar 31, 2022 | 6.22 Mn |
| Dec 31, 2021 | 5.90 Mn |
API Access
Marpai Revenue 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=revenue&ticker=MRAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "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=revenue&ticker=MRAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();