Spectral AI (MDAI)
Nasdaq Market Closed
Spectral AI, Inc. is a medical technology company applying artificial intelligence to wound assessment and predictive diagnostics. Its lead platform, the DeepView System, is designed to help clinicians evaluate tissue damage earlier and more objectively than is possible through visual inspection alone. The system combines imaging, data processing, and proprietary AI algorithms to analyze wound characteristics that may not be visible at the point of care.
The company’s initial commercial focus is on burn care, where timely and accurate assessment can influence treatment decisions, surgical planning, and resource allocation. DeepView aims to predict whether a wound is likely to heal within a defined future period, producing a binary heal or non-heal assessment that can support clinical judgement. Spectral AI also positions the technology for broader wound-care applications, including diabetic foot ulcers and other complex wounds, subject to regulatory and commercial development.
Spectral AI operates in a highly regulated healthcare market in which product validation, clinical evidence, and regulatory clearances are central to adoption. Its burn indication has been supported by work connected to the Biomedical Advanced Research and Development Authority, reflecting the relevance of rapid burn triage for both civilian care and emergency preparedness.
For investors, MDAI represents exposure to the intersection of AI, medical imaging, and diagnostics. The company is distinctive for targeting a specific clinical problem rather than offering a general analytics tool. Its prospects depend on successful clinical studies, regulatory progress, reimbursement pathways, and the ability to integrate its system into hospital and emergency-care workflows.
Last updated
- Market Cap
- 65.56M
- P/E
- —
- P/FCF
- —
- P/S
- 3.87
- Enterprise Value
- 62.32M
- Sector
- Health Care
- Industry
- Surgical and Medical Instruments and Apparatus
- Address
- 2515 MCKINNEY AVE #1000, DALLAS, TX, 75201
DeepView™ System Featured at 2025 US Burn Conferences
Spectral AI Announces 2025 Third Quarter Financial Results
Spectral AI Schedules 2025 Third Quarter Financial Results and Conference Call
Spectral AI Named to TIME’s List of World’s Top HealthTech Companies 2025
DeepView® System highlighted at the European Burns Association Congress
Spectral AI Schedules 2025 Second Quarter Financial Results and Conference Call
Spectral AI Announces Successful Results from its Burn Validation Study of the DeepView System
Spectral AI Announces Confirmation of Compliance of its Nasdaq Listing Requirements
Spectral AI Comments on Compliance with Nasdaq Listing Rule 5550(b)(2)
Spectral AI Schedules 2024 Third Quarter Financial Results and Conference Call
Spectral AI Achieves 25% Patient Enrollment at Emergency Departments for U.S. Burn Pivotal Study and Adds Two New Clinical Trial Sites
Spectral AI Outlines U.S. Regulatory Pathway for DeepView® System for Burn Indication
Spectral AI Awarded Additional Funding from Medical Technology Enterprise Consortium to Support Ongoing Development of DeepView SnapShot M®
Spectral AI Schedules 2024 Second Quarter Financial Results and Conference Call
Spectral AI Achieves 100% Pediatric Enrollment in Burn Centers for Pivotal U.S. Burn Study
Spectral AI Joins Russell Microcap® Index
Spectral AI Surpasses 90% of Pediatric Enrollment Target in Burn Centers for Pivotal U.S. Burn Study
Spectral AI to Participate in the Northland Capital Markets Virtual Growth Conference
Spectral AI Reaches 50% Enrollment at Burn Centers for U.S. Pivotal Burn Study
Spectral AI Set to Join Russell Microcap® Index
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 65.56M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 62.32M
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- -7.44
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 3.87
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -6.51
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 3.68
- EPS
- -0.44
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 0%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- —
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- —
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- —
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 157.55%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -78.27%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- -0.96
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 0.75
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 0.71
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.55
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 910.41K
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 2.06
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 3.99M | 4.09M | 3.79M | 5.07M | 6.71M |
| Gross profit | 2.03M | 1.85M | 1.62M | 2.29M | 3.17M |
| Operating income | -1.97M | -2.24M | -3.34M | -2.12M | -896K |
| EBITDA | -1.94M | -2.21M | -3.31M | -2.11M | -894K |
| Net income | -3.41M | 1.05M | -3.55M | -7.97M | 2.9M |
| Basic EPS | -0.11 | 0.05 | -0.13 | -0.31 | 0.13 |
| Diluted EPS | -0.11 | 0.05 | -0.13 | -0.31 | 0.11 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 17.73M | 21.41M | 15.3M | 16.01M | 20.72M |
| Total liabilities | 26.54M | 27.13M | 23.5M | 25.16M | 22.35M |
| Total equity | -8.81M | -5.73M | -8.2M | -9.15M | -1.63M |
| Cash & equivalents | 11.66M | 15.39M | 10.5M | 10.52M | 14.06M |
| Current assets | 15.99M | 19.45M | 13.46M | 14M | 18.73M |
| Current liabilities | 21.27M | 20.63M | 15.77M | 16.19M | 13.31M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | -3.73M | -2.55M | -2.5M | -3.36M | -1.51M |
| Investing cash flow | — | — | — | — | — |
| Financing cash flow | -1K | 7.45M | 2.49M | -207K | 10.39M |
| Change in cash | -3.74M | 4.9M | -29K | -3.54M | 8.9M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 4 — Spectral AI, Inc. | View Filing | |
| edgar index | 8-K — Spectral AI, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| edgar index | 4 — Spectral AI, Inc. | View Filing | |
| edgar index | 8-K — Spectral AI, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| edgar index | 4 — Spectral AI, Inc. | View Filing | |
| edgar index | 4 — Spectral AI, Inc. | View Filing | |
| edgar index | 4 — Spectral AI, Inc. | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| edgar index | 10-Q — Spectral AI, Inc. | View Filing | |
| edgar index | SCHEDULE 13G/A — Spectral AI, Inc. | View Filing | |
| edgar index | 4 — Spectral AI, Inc. | View Filing | |
| edgar index | 4 — Spectral AI, Inc. | View Filing | |
| edgar index | 4 — Spectral AI, Inc. | View Filing | |
| edgar index | 4 — Spectral AI, Inc. | View Filing | |
| form 4 | Form 4 — Capone Vincent S. | View Filing | |
| form 4 | Form 4 — Capone Vincent S. | View Filing | |
| form 4 | Form 4 — Capone Vincent S. | View Filing | |
| form 4 | Form 4 — Capone Vincent S. | View Filing | |
| form 4 | Form 4 — Capone Vincent S. | View Filing | |
| form 4 | Form 4 — Capone Vincent S. | View Filing | |
| form 4 | Form 4 — Capone Vincent S. | View Filing | |
| form 4 | Form 4 — Capone Vincent S. | View Filing | |
| form 4 | Form 4 — Capone Vincent S. | View Filing | |
| form 4 | Form 4 — Snyder Marion Ann | View Filing | |
| form 4 | Form 4 — Snyder Marion Ann | View Filing | |
| form 4 | Form 4 — Snyder Marion Ann | View Filing | |
| form 4 | Form 4 — Snyder Marion Ann | View Filing | |
| form 4 | Form 4 — Snyder Marion Ann | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — Cotton Richard John | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — DiMaio John Michael | View Filing | |
| form 4 | Form 4 — Sadagopan Deepak | View Filing | |
| form 4 | Form 4 — Sadagopan Deepak | View Filing | |
| form 4 | Form 4 — Sadagopan Deepak | View Filing | |
| form 4 | Form 4 — Sadagopan Deepak | View Filing | |
| form 4 | Form 4 — Sadagopan Deepak | View Filing | |
| form 4 | Form 4 — Sadagopan Deepak | View Filing | |
| edgar index | 8-K — Spectral AI, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | DEF 14A — Spectral AI, Inc. | View Filing | |
| edgar index | DEFA14A — Spectral AI, Inc. | View Filing | |
| edgar index | 8-K — Spectral AI, Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — Spectral AI, Inc. | View Filing |