Filing Flows › Spectral AI (MDAI) › Q2 2026 › vs Q2 2025
Spectral AI (MDAI) Q2 2026 vs Q2 2025 (year over year)
Spectral AI's revenue fell $1.5M (-30%) from $5.1M in Q2 2025 to $3.5M in Q2 2026.
Spectral AI, Q2 2026: revenue $3.5M (-30% year over year), operating margin -122.7%, net loss $4.2M, operating cash flow −$4.1M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.5M | $5.1M | −$1.5M | -30% |
| Other income, net | $318K | −$5.9M | $6.2M | — |
| Net loss | $4.2M | $8.0M | −$3.8M | -48% |
| Costs & expenses | $8.0M | $13.1M | −$5.0M | -39% |
| Operating costs | $7.8M | $7.2M | $660K | +9% |
| Income tax | $170K | −$19K | $189K | — |
| Cost of revenue | $2.4M | $2.8M | −$364K | -13% |
| Research & development | $1.7M | $1.5M | $239K | +16% |
| Sales & marketing | $653K | $340K | $313K | +92% |
| General & admin | $3.1M | $2.6M | $472K | +18% |
| Operating cash sources | $4.9M | $3.8M | $1.2M | +30% |
| Depreciation | $30K | $10K | $20K | +200% |
| Share-based compensation | $807K | $411K | $396K | +96% |
| Cash used in operations | $4.1M | $3.4M | $735K | +22% |
| Net loss absorbed | $4.2M | $8.0M | −$3.8M | -48% |
| Working capital & other | $758K | −$4.2M | $4.9M | — |
Questions
How much did Spectral AI's revenue grow year over year in Q2 2026?
Spectral AI's revenue fell $1.5M (-30%) from $5.1M in Q2 2025 to $3.5M in Q2 2026.