Barda was Spectral AI’s largest revenue line in fiscal 2025, bringing in $17.70M of $19.65M (90%).
| Financial Instrument | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Barda | $17.03M | $27.90M | $17.70M |
| Other U.S. Governmental Authorities | — | $1.68M | $1.95M |
| Other U.S Governmental Authorities | $1.03M | — | — |
| Total | $18.06M | $29.58M | $19.65M |
Spectral AI brought in $19.65M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 33.6% from $29.58M in fiscal 2024. Barda was the largest at $17.70M (90.1%), ahead of Other U.S. Governmental Authorities at $1.95M (9.9%).
Compared with fiscal 2024, Other U.S. Governmental Authorities grew 16.2% to $1.95M, while Barda fell 36.6% to $17.70M.
Spectral AI began breaking out Other U.S. Governmental Authorities in fiscal 2024, when it brought in $1.68M. Spectral AI stopped reporting Other U.S Governmental Authorities as a separate revenue line after fiscal 2023, when it brought in $1.03M.
Barda was Spectral AI’s largest product and service line in fiscal 2022, bringing in $24.83M of $25.37M (98%).
| Product and Service | FY 2022 |
|---|---|
| Barda | $24.83M |
| Other U.S Governmental Authorities | $541.00K |
| Total | $25.37M |
Spectral AI brought in $25.37M from its two product and service lines in fiscal 2022, the year ended December 31, 2022. Barda was the largest at $24.83M (97.9%), ahead of Other U.S Governmental Authorities at $541.00K (2.1%).
Spectral AI (MDAIW) reports its revenue by financial instrument and by product and service. In fiscal 2025, Barda was its largest revenue line, bringing in $17.70M (90.1% of the total), followed by Other U.S. Governmental Authorities at $1.95M (9.9%).
Barda was Spectral AI's largest revenue line in fiscal 2025, bringing in $17.70M, or 90.1% of the $19.65M total across its two revenue lines.
Barda was Spectral AI's largest product and service line in fiscal 2022, bringing in $24.83M, or 97.9% of the $25.37M total across its two product and service lines.
Other U.S. Governmental Authorities grew faster than Barda in fiscal 2025, up 16.2% from $1.68M to $1.95M. Barda fell 36.6% to $17.70M.
Every figure comes from Spectral AI's annual financial filings, as reported. Each line keeps the name Spectral AI gives it, and years follow its fiscal calendar.
Spectral AI's revenue by financial instrument goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.