Symbols / MDAI Stock $1.82 -1.36% Spectral AI, Inc.

Healthcare • Medical Devices • United States • NCM
MDAI (Stock) Chart
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About

Spectral AI, Inc., an artificial intelligence (AI) company, focuses on predictive medical diagnostics in the United States. The company offers DeepView System, which uses proprietary AI algorithms to distinguish between fully damaged, partially damaged, and healthy human tissue characteristics invisible to the naked eye at the initial time point of wound presentation and delivers a binary prediction on the wounds capacity to heal by a specified time point in the future to assist the physician in making a more accurate, timely, and informed decision regarding the treatment of the patient's wounds. Its system also develops AI-Burn software and MSI imaging technology, which consists of proprietary multi-spectral optics and sensors that capture injured tissue images. Spectral AI, Inc. is headquartered in Dallas, Texas.

Stock Fundamentals
Scroll to Statements
Market Cap 57.76M Enterprise Value 53.26M Income -7.57M Sales 19.65M Book/sh -0.19 Cash/sh 0.48
Dividend Yield — Payout 0.00% Employees 65 IPO — P/E — Forward P/E -2.11
PEG — P/S 2.94 P/B -9.71 P/C — EV/EBITDA -6.24 EV/Sales 2.71
Quick Ratio 0.81 Current Ratio 0.94 Debt/Eq — LT Debt/Eq — EPS (ttm) -0.29 EPS next Y -0.86
EPS Growth — Revenue Growth -46.30% Earnings 2026-05-12 ROA -32.10% ROE — ROIC —
Gross Margin 45.42% Oper. Margin -54.90% Profit Margin -38.53% Shs Outstand 31.82M Shs Float 27.98M Short Float 7.48%
Short Ratio 1.10 Short Interest — 52W High 3.21 52W Low 1.13 Beta 0.91 Avg Volume 696.48K
Volume 176.54K Target Price $4.67 Recom Strong_buy Prev Close $1.84 Price $1.81 Change -1.36%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.67
Mean price target
2. Current target
$1.82
Latest analyst target
3. DCF / Fair value
$-0.78
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.82
Low
$3.00
High
$6.00
Mean
$4.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-25 reit BTIG Buy → Buy $3
2026-02-10 reit BTIG Buy → Buy $3
2025-11-12 main BTIG Buy → Buy $3
2025-04-02 reit HC Wainwright & Co. Buy → Buy $4
2025-03-18 reit HC Wainwright & Co. Buy → Buy $4
2024-08-13 reit HC Wainwright & Co. Buy → Buy $4
2024-08-12 init Northland Capital Markets — → Outperform $6
2024-07-18 init HC Wainwright & Co. — → Buy $4
2024-01-23 init BTIG — → Buy $4
News
RSS: Latest MDAI news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-27 CAPONE VINCENT S Chief Executive Officer — 16,750 $1.52 $25,460
2026-03-27 DIMAIO JOHN MICHAEL Director — 7,619 $1.58 $12,038
2025-06-10 DIMAIO JOHN MICHAEL Director — 11,700 $2.10 $24,667
2025-06-04 MELLISH MARTIN C.B. Director — 5,000 $1.73 $8,650
2025-04-30 MELLISH MARTIN C.B. Director — 9,699 $0.00 $0
2025-04-30 COTTON RICHARD JOHN Director — 9,699 $0.00 $0
2025-04-30 CAPONE VINCENT S General Counsel — 100,000 $0.00 $0
2024-05-15 SPANGENBERG ERICH L Director and Beneficial Owner of more than 10% of a Class of Security — 6,000 $1.74 $10,440
2024-05-10 SPANGENBERG ERICH L Director and Beneficial Owner of more than 10% of a Class of Security — 45,000 $1.77 $79,650
2024-05-10 CARLSON PETER M Chief Executive Officer — 29,411 $1.74 $51,175
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
19.65
-33.57%
29.58
+63.83%
18.06
-28.82%
25.37
Operating Revenue
19.65
-33.57%
29.58
+63.83%
18.06
-28.82%
25.37
Cost Of Revenue
10.72
-34.23%
16.31
+60.25%
10.18
-29.97%
14.53
Reconciled Cost Of Revenue
10.72
-34.23%
16.31
+60.25%
10.18
-29.97%
14.53
Gross Profit
8.93
-32.76%
13.27
+68.45%
7.88
-27.29%
10.84
Operating Expense
17.53
-11.72%
19.86
-4.83%
20.86
+54.73%
13.48
Selling General And Administration
17.53
-11.72%
19.86
-4.83%
20.86
+54.73%
13.48
General And Administrative Expense
17.53
-11.72%
19.86
-4.83%
20.86
+54.73%
13.48
Other Gand A
17.53
-11.72%
19.86
-4.83%
20.86
+54.73%
13.48
Total Expenses
28.25
-21.87%
36.16
+16.50%
31.04
+10.80%
28.02
Operating Income
-8.60
-30.70%
-6.58
+49.31%
-12.98
-390.52%
-2.65
Total Operating Income As Reported
-8.60
-30.70%
-6.58
+49.31%
-12.98
-390.52%
-2.65
EBITDA
-4.53
+60.55%
-11.49
+42.89%
-20.12
-867.82%
-2.08
Normalized EBITDA
-7.75
-24.97%
-6.20
+48.72%
-12.09
-536.65%
-1.90
Reconciled Depreciation
0.64
+7.99%
0.59
-18.56%
0.72
+27.11%
0.57
EBIT
-5.17
+57.22%
-12.08
+42.05%
-20.84
-687.42%
-2.65
Total Unusual Items
3.21
+160.76%
-5.29
+34.12%
-8.03
-4361.67%
-0.18
Total Unusual Items Excluding Goodwill
3.21
+160.76%
-5.29
+34.12%
-8.03
-4361.67%
-0.18
Special Income Charges
0.00
+100.00%
-0.61
+92.63%
-8.34
0.00
Restructuring And Mergern Acquisition
0.00
-100.00%
0.61
-92.63%
8.34
0.00
Net Income
-7.57
+50.05%
-15.16
+27.31%
-20.85
-616.14%
-2.91
Pretax Income
-7.56
+49.75%
-15.04
+27.82%
-20.84
-642.80%
-2.81
Net Non Operating Interest Income Expense
-2.39
+18.94%
-2.95
-1815.70%
0.17
+719.05%
0.02
Interest Expense Non Operating
2.39
-19.33%
2.96
0.00
—
Net Interest Income
-2.39
+18.94%
-2.95
-1815.70%
0.17
+719.05%
0.02
Interest Expense
2.39
-19.33%
2.96
0.00
—
Interest Income Non Operating
—
0.01
-91.86%
0.17
+719.05%
0.02
Interest Income
—
0.01
-91.86%
0.17
+719.05%
0.02
Other Income Expense
3.44
+162.33%
-5.51
+31.38%
-8.03
-4361.67%
-0.18
Other Non Operating Income Expenses
0.22
+200.00%
-0.22
—
0.05
Gain On Sale Of Security
3.21
+168.76%
-4.68
-1603.54%
0.31
+272.78%
-0.18
Tax Provision
0.01
-90.35%
0.11
+936.36%
0.01
-89.62%
0.11
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.68
+160.76%
-1.11
+34.12%
-1.69
-4361.67%
-0.04
Net Income Including Noncontrolling Interests
-7.57
+50.05%
-15.16
+27.31%
-20.85
-616.14%
-2.91
Net Income From Continuing Operation Net Minority Interest
-7.57
+50.05%
-15.16
+27.31%
-20.85
-616.14%
-2.91
Net Income From Continuing And Discontinued Operation
-7.57
+50.05%
-15.16
+27.31%
-20.85
-616.14%
-2.91
Net Income Continuous Operations
-7.57
+50.05%
-15.16
+27.31%
-20.85
-616.14%
-2.91
Normalized Income
-10.11
+7.90%
-10.98
+24.34%
-14.51
-423.85%
-2.77
Net Income Common Stockholders
-7.57
+50.05%
-15.16
+27.31%
-20.85
-616.14%
-2.91
Diluted EPS
-0.29
+65.88%
-0.85
+42.57%
-1.48
-697.35%
-0.19
Basic EPS
-0.29
+65.88%
-0.85
+42.57%
-1.48
-697.35%
-0.19
Basic Average Shares
26.52
+47.87%
17.93
+27.31%
14.09
-10.20%
15.69
Diluted Average Shares
26.52
+47.87%
17.93
+27.31%
14.09
-10.20%
15.69
Diluted NI Availto Com Stockholders
-7.57
+50.05%
-15.16
+27.31%
-20.85
-616.14%
-2.91
Preferred Stock Dividends
—
—
—
—
Total Other Finance Cost
—
—
—
0.01
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
21.41
+76.97%
12.10
+13.12%
10.69
-42.87%
18.72
Current Assets
19.45
+92.19%
10.12
+2.22%
9.90
-44.02%
17.69
Cash Cash Equivalents And Short Term Investments
15.39
+198.51%
5.16
+7.66%
4.79
-66.21%
14.17
Cash And Cash Equivalents
15.39
+198.51%
5.16
+7.66%
4.79
-66.21%
14.17
Cash Financial
15.39
+198.51%
5.16
+7.66%
4.79
-66.21%
14.17
Receivables
1.27
-49.42%
2.50
+6.78%
2.35
-19.44%
2.91
Accounts Receivable
1.27
-49.42%
2.50
+6.78%
2.35
+2.27%
2.29
Other Receivables
—
—
—
0.62
Inventory
0.84
+97.18%
0.42
+84.78%
0.23
0.00
Prepaid Assets
0.82
-36.31%
1.29
-11.23%
1.45
+338.67%
0.33
Current Deferred Assets
—
0.00
-100.00%
0.28
0.00
Other Current Assets
1.13
+51.88%
0.75
-6.87%
0.80
+196.67%
0.27
Total Non Current Assets
1.95
-1.06%
1.97
+149.75%
0.79
-23.23%
1.03
Net PPE
1.67
-15.61%
1.97
+149.75%
0.79
-23.23%
1.03
Gross PPE
1.67
-15.61%
1.97
+149.75%
0.79
-23.23%
1.03
Other Properties
1.67
-15.61%
1.97
+149.75%
0.79
-23.23%
1.03
Other Non Current Assets
0.29
—
—
—
Total Liabilities Net Minority Interest
27.13
+40.25%
19.35
+56.00%
12.40
+84.54%
6.72
Current Liabilities
20.63
+16.90%
17.64
+42.28%
12.40
+94.56%
6.37
Payables And Accrued Expenses
5.01
-26.68%
6.83
+9.12%
6.26
+32.13%
4.74
Payables
3.11
-26.40%
4.22
+51.36%
2.79
-2.75%
2.87
Accounts Payable
3.01
-25.40%
4.04
+50.39%
2.68
-2.75%
2.76
Current Accrued Expenses
1.90
-27.12%
2.61
-24.82%
3.47
+85.62%
1.87
Pensionand Other Post Retirement Benefit Plans Current
0.34
-17.07%
0.41
-43.06%
0.72
+10.77%
0.65
Total Tax Payable
0.10
-47.87%
0.19
+75.70%
0.11
-2.73%
0.11
Income Tax Payable
—
—
—
0.00
Current Debt And Capital Lease Obligation
3.59
+20.08%
2.99
+131.81%
1.29
+50.76%
0.85
Current Debt
2.85
+2.40%
2.79
+539.22%
0.44
+149.14%
0.17
Current Capital Lease Obligation
0.73
+265.17%
0.20
-76.44%
0.85
+25.44%
0.68
Current Deferred Liabilities
0.15
-83.96%
0.96
-58.46%
2.31
0.00
Current Deferred Revenue
0.15
-83.96%
0.96
-58.46%
2.31
0.00
Other Current Liabilities
11.53
+78.75%
6.45
+254.90%
1.82
+1309.30%
0.13
Total Non Current Liabilities Net Minority Interest
6.51
+282.26%
1.70
0.00
-100.00%
0.35
Long Term Debt And Capital Lease Obligation
6.51
+282.26%
1.70
0.00
-100.00%
0.35
Long Term Debt
5.54
—
—
—
Long Term Capital Lease Obligation
0.97
-43.13%
1.70
0.00
-100.00%
0.35
Stockholders Equity
-5.73
+21.02%
-7.25
-324.28%
-1.71
-114.25%
12.00
Common Stock Equity
-5.73
+21.02%
-7.25
-324.28%
-1.71
-114.25%
12.00
Capital Stock
0.00
+50.00%
0.00
+0.00%
0.00
+100.00%
0.00
Common Stock
0.00
+50.00%
0.00
+0.00%
0.00
+100.00%
0.00
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
30.69
+35.82%
22.59
+38.66%
16.29
+3.87%
15.69
Ordinary Shares Number
30.69
+35.82%
22.59
+38.66%
16.29
+3.87%
15.69
Additional Paid In Capital
50.03
+22.10%
40.97
+31.89%
31.07
+29.82%
23.93
Retained Earnings
-55.80
-15.70%
-48.23
-47.09%
-32.79
-174.74%
-11.93
Gains Losses Not Affecting Retained Earnings
0.04
+1233.33%
0.00
-75.00%
0.01
0.00
Other Equity Adjustments
0.04
+1233.33%
0.00
-75.00%
0.01
—
Total Equity Gross Minority Interest
-5.73
+21.02%
-7.25
-324.28%
-1.71
-114.25%
12.00
Total Capitalization
-0.19
+97.39%
-7.25
-324.28%
-1.71
-114.25%
12.00
Working Capital
-1.17
+84.41%
-7.52
-201.00%
-2.50
-122.09%
11.31
Invested Capital
2.67
+159.70%
-4.46
-250.67%
-1.27
-110.46%
12.17
Total Debt
10.09
+115.22%
4.69
+263.85%
1.29
+7.33%
1.20
Capital Lease Obligations
1.70
-10.56%
1.90
+123.09%
0.85
-16.86%
1.03
Net Tangible Assets
-5.73
+21.02%
-7.25
-324.28%
-1.71
-114.25%
12.00
Tangible Book Value
-5.73
+21.02%
-7.25
-324.28%
-1.71
-114.25%
12.00
Current Notes Payable
2.85
+2.40%
2.79
+539.22%
0.44
+149.14%
0.17
Current Provisions
—
—
—
0.74
Interest Payable
—
—
—
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-9.92
-7.84%
-9.20
+30.52%
-13.24
-1039.41%
-1.16
Cash Flow From Continuing Operating Activities
-9.92
-6.03%
-9.36
+29.34%
-13.24
-1039.41%
-1.16
Net Income From Continuing Operations
-7.57
+50.56%
-15.31
+26.56%
-20.85
-616.14%
-2.91
Depreciation Amortization Depletion
0.64
+7.99%
0.59
-18.56%
0.72
+27.11%
0.57
Depreciation
0.64
+7.99%
0.59
-18.56%
0.72
+27.11%
0.57
Depreciation And Amortization
0.64
+7.99%
0.59
-18.56%
0.72
+27.11%
0.57
Other Non Cash Items
0.47
-74.89%
1.89
-56.51%
4.35
—
Stock Based Compensation
1.11
+8.04%
1.03
-16.98%
1.24
+7.62%
1.16
Operating Gains Losses
-3.25
-170.13%
4.63
+1482.99%
-0.34
-487.72%
-0.06
Gain Loss On Investment Securities
-3.25
-170.13%
4.63
+1482.99%
-0.34
-487.72%
-0.06
Change In Working Capital
-1.32
+34.70%
-2.03
-224.17%
1.63
+1845.24%
0.08
Change In Receivables
1.94
+1321.38%
-0.16
-128.09%
0.57
+140.26%
-1.41
Changes In Account Receivables
1.24
+878.62%
-0.16
-205.77%
-0.05
+93.95%
-0.86
Change In Inventory
-0.41
-111.79%
-0.20
+15.22%
-0.23
0.00
Change In Prepaid Assets
0.76
+366.87%
0.16
+143.24%
-0.38
-161.30%
0.61
Change In Payables And Accrued Expense
-1.89
-663.69%
0.34
-20.75%
0.42
-69.63%
1.40
Change In Accrued Expense
-0.87
+20.28%
-1.09
-180.21%
1.36
+2564.71%
0.05
Change In Payable
-1.02
-171.88%
1.43
+252.51%
-0.94
-169.52%
1.34
Change In Account Payable
-1.02
-171.88%
1.43
+252.51%
-0.94
-169.52%
1.34
Change In Other Working Capital
-0.81
+40.34%
-1.35
-158.46%
2.31
—
Change In Other Current Assets
-0.39
-279.41%
-0.10
+74.75%
-0.40
-1110.00%
0.04
Change In Other Current Liabilities
-0.53
+26.77%
-0.72
-9.91%
-0.66
-16.93%
-0.56
Investing Cash Flow
—
—
—
0.00
Cash Flow From Continuing Investing Activities
—
—
—
0.00
Net PPE Purchase And Sale
—
—
—
0.00
Purchase Of PPE
—
—
—
0.00
Capital Expenditure
—
—
—
—
Financing Cash Flow
20.12
+110.13%
9.57
+149.09%
3.84
+589.68%
-0.79
Cash Flow From Continuing Financing Activities
20.12
+110.13%
9.57
+149.09%
3.84
+589.68%
-0.79
Net Issuance Payments Of Debt
6.76
+26.56%
5.34
+1205.18%
-0.48
+38.47%
-0.79
Issuance Of Debt
8.29
-36.74%
13.10
0.00
—
Repayment Of Debt
-1.53
+80.29%
-7.76
-1506.21%
-0.48
+38.47%
-0.79
Long Term Debt Issuance
8.29
-36.74%
13.10
0.00
—
Long Term Debt Payments
-1.53
+80.29%
-7.76
-1506.21%
-0.48
+38.47%
-0.79
Net Long Term Debt Issuance
6.76
+26.56%
5.34
+1205.18%
-0.48
+38.47%
-0.79
Short Term Debt Issuance
—
13.10
0.00
—
Short Term Debt Payments
—
-7.76
-1506.21%
-0.48
+38.47%
-0.79
Net Short Term Debt Issuance
—
5.34
+1205.18%
-0.48
+38.47%
-0.79
Net Common Stock Issuance
10.64
+162.02%
4.06
+21.16%
3.35
0.00
Proceeds From Stock Option Exercised
3.42
+1829.38%
0.18
-43.99%
0.32
0.00
Net Other Financing Charges
-0.69
—
0.66
—
Changes In Cash
10.20
+2612.77%
0.38
+104.00%
-9.40
-382.59%
-1.95
Effect Of Exchange Rate Changes
0.04
+511.11%
-0.01
-175.00%
0.01
0.00
Beginning Cash Position
5.16
+7.66%
4.79
-66.21%
14.17
-12.08%
16.12
End Cash Position
15.39
+198.51%
5.16
+7.66%
4.79
-66.21%
14.17
Free Cash Flow
-9.92
-7.84%
-9.20
+30.52%
-13.24
-1039.41%
-1.16
Interest Paid Supplemental Data
0.02
+100.00%
0.01
-62.07%
0.03
+26.09%
0.02
Income Tax Paid Supplemental Data
0.10
+809.09%
0.01
-90.35%
0.11
+115.09%
0.05
Common Stock Issuance
10.64
+162.02%
4.06
+21.16%
3.35
0.00
Issuance Of Capital Stock
10.64
+162.02%
4.06
+21.16%
3.35
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
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