Filing Flows › Marpai (MRAI) › Q2 2025
Marpai (MRAI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Marpai (MRAI) reported revenue of $4.7M for the second quarter 2025 (Q2 2025), -35% from a year earlier and -14% from the quarter before. Operating margin was -77.5%, net loss $4.4M (93.9% of revenue).
Marpai, Q2 2025: revenue $4.7M (-35% year over year), operating margin -77.5%, net loss $4.4M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7M | -14% | -35% |
| Operating profit | −$3.6M | — | — |
| Net earnings | −$4.4M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $4.7M in Q2 2025, down 35% year over year and down 14% from the previous quarter.
Operating costs exceeded revenue by $3.6M, an operating margin of -77.5%. Total costs fell 58% while revenue fell 35%. The quarter ended with a net loss of $4.4M, wider than the previous quarter's $3.1M loss.
Operating cash flow was −$3.2M. Non-cash charges added back $107K of depreciation and amortization and $469K of share-based compensation. Working capital and other items added $586K.
Questions
What was Marpai's revenue in the second quarter 2025?
Marpai (MRAI) reported revenue of $4.7M for the second quarter 2025 (Q2 2025), -35% from a year earlier and -14% from the quarter before.
Was Marpai profitable in the second quarter 2025?
Operating loss was $3.6M (-77.5% of revenue) and net loss $4.4M.
Source: Marpai 10-Q on SEC EDGAR.