Filing Flows › Spectral AI (MDAI) › Q1 2026 › vs Q4 2025
Spectral AI (MDAI) Q1 2026 vs Q4 2025 (quarter over quarter)
Spectral AI's revenue fell $95K (-2%) from $4.1M in Q4 2025 to $4.0M in Q1 2026.
Spectral AI, Q1 2026: revenue $4.0M (-40% year over year), operating margin -49.4%, net loss $3.4M, operating cash flow −$3.7M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $4.0M | $4.1M | −$95K | -2% |
| Income tax benefit | $10K | $43K | −$33K | -77% |
| Net loss | $3.4M | −$1.1M | $4.5M | — |
| Costs & expenses | $7.4M | $7.4M | $32K | +0.4% |
| Operating costs | $6.0M | $6.3M | −$367K | -6% |
| Interest & other, net | $1.5M | −$3.3M | $4.7M | — |
| Cost of revenue | $2.0M | $2.2M | −$276K | -12% |
| Operating expenses | $4.0M | $4.1M | −$91K | -2% |
| Operating cash sources | $3.9M | $2.8M | $1.1M | +40% |
| Depreciation | $30K | $29K | $1K | +3% |
| Share-based compensation | $183K | $243K | −$60K | -25% |
| Cash used in operations | $3.7M | $2.6M | $1.2M | +46% |
| Net loss absorbed | $3.4M | −$1.1M | $4.5M | — |
| Working capital & other | $529K | $3.9M | −$3.3M | -86% |
Questions
How much did Spectral AI's revenue grow quarter over quarter in Q1 2026?
Spectral AI's revenue fell $95K (-2%) from $4.1M in Q4 2025 to $4.0M in Q1 2026.