Filing Flows › Marpai (MRAI) › Q1 2025
Marpai (MRAI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Marpai (MRAI) reported revenue of $5.4M for the first quarter 2025 (Q1 2025), -27% from a year earlier and -18% from the quarter before. Operating margin was -41.5%, net loss $3.1M (56.6% of revenue).
Marpai, Q1 2025: revenue $5.4M (-27% year over year), operating margin -41.5%, net loss $3.1M, operating cash flow −$115K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4M | -18% | -27% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$3.1M | — | — |
| Operating cash flow | −$115K | — | — |
What changed
Revenue was $5.4M in Q1 2025, down 27% year over year and down 18% from the previous quarter.
Operating costs exceeded revenue by $2.2M, an operating margin of -41.5%. Total costs fell 33% while revenue fell 27%. The quarter ended with a net loss of $3.1M, wider than the previous quarter's $1.2M loss.
Operating cash flow was −$115K. Non-cash charges added back $107K of depreciation and amortization and $574K of share-based compensation. Working capital and other items added $2.3M.
Questions
What was Marpai's revenue in the first quarter 2025?
Marpai (MRAI) reported revenue of $5.4M for the first quarter 2025 (Q1 2025), -27% from a year earlier and -18% from the quarter before.
Was Marpai profitable in the first quarter 2025?
Operating loss was $2.2M (-41.5% of revenue) and net loss $3.1M.
Source: Marpai 10-Q on SEC EDGAR.