Filing Flows › Marpai (MRAI) › Q1 2026
Marpai (MRAI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Marpai (MRAI) reported revenue of $4.4M for the first quarter 2026 (Q1 2026), -18% from a year earlier and +11% from the quarter before. Operating margin was -55.9%, net loss $3.2M (71.6% of revenue).
Marpai, Q1 2026: revenue $4.4M (-18% year over year), operating margin -55.9%, net loss $3.2M, operating cash flow −$477K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4M | +11% | -18% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$3.2M | — | — |
| Operating cash flow | −$477K | — | — |
What changed
Revenue was $4.4M in Q1 2026, down 18% year over year and up 11% from the previous quarter.
Operating costs exceeded revenue by $2.5M, an operating margin of -55.9%. Total costs fell 10% while revenue fell 18%. The quarter ended with a net loss of $3.2M, narrower than the previous quarter's $5.6M loss.
Operating cash flow was −$477K. Non-cash charges added back $60K of depreciation and amortization and $203K of share-based compensation. Working capital and other items added $2.4M.
Questions
What was Marpai's revenue in the first quarter 2026?
Marpai (MRAI) reported revenue of $4.4M for the first quarter 2026 (Q1 2026), -18% from a year earlier and +11% from the quarter before.
Was Marpai profitable in the first quarter 2026?
Operating loss was $2.5M (-55.9% of revenue) and net loss $3.2M.
Source: Marpai 10-Q on SEC EDGAR.