Filing Flows

Filing Flows › Marpai (MRAI) › Q2 2026 › vs Q2 2025

Marpai (MRAI) Q2 2026 vs Q2 2025 (year over year)

Marpai's revenue fell $490K (-11%) from $4.7M in Q2 2025 to $4.2M in Q2 2026.

Marpai, Q2 2026: revenue $4.2M (-10% year over year), operating margin -82.4%, net loss $4.6M, operating cash flow −$4.1M. The chart draws each line against Q2 2025, the increases inside each band.

Marpai: what changed, Q2 2026 vs Q2 2025Marpai: what changed, Q2 2026 vs Q2 2025Operating cash sources$1.3MWorking capital & other$1.0MCash used in operations$890KCost of revenue−$741KOperating costs−$664KGeneral & admin$586KShare-based compensation$448KInterest & other, net$386KOther operating costs−$333KCosts & expenses−$278K

Every line

LineQ2 2026Q2 2025Change%
Revenue$4.2M$4.7M−$490K-11%
Net loss$4.6M$4.4M$212K+5%
Costs & expenses$8.7M$9.0M−$278K-3%
Operating costs$7.6M$8.3M−$664K-8%
Interest & other, net$1.1M$764K$386K+51%
Cost of revenue$3.2M$3.9M−$741K-19%
Sales & marketing$136K$312K−$176K-56%
General & admin$3.1M$2.5M$586K+24%
Other operating costs$1.2M$1.6M−$333K-21%
Operating cash sources$5.0M$3.7M$1.3M+36%
Share-based compensation$917K$469K$448K+96%
Cash used in operations$4.1M$3.2M$890K+28%
Net loss absorbed$4.6M$4.4M$212K+5%
Working capital & other$433K−$586K$1.0M—

Questions

How much did Marpai's revenue grow year over year in Q2 2026?

Marpai's revenue fell $490K (-11%) from $4.7M in Q2 2025 to $4.2M in Q2 2026.

Q2 2026 results → · Compare in the interactive Sankey →