Filing Flows › Marpai (MRAI) › Q4 2024
Marpai (MRAI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 27, 2025
Marpai (MRAI) reported revenue of $6.6M for the fourth quarter 2024 (Q4 2024), -24% from a year earlier and -6% from the quarter before. Operating margin was -40.8%, net loss $1.2M (17.5% of revenue).
Marpai, Q4 2024: revenue $6.6M (-24% year over year), operating margin -40.8%, net loss $1.2M, operating cash flow −$4.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.6M | -6% | -24% |
| Operating profit | −$2.7M | — | — |
| Net earnings | −$1.2M | — | — |
| Operating cash flow | −$4.7M | — | — |
What changed
Revenue was $6.6M in Q4 2024, down 24% year over year and down 6% from the previous quarter. Third Party Administrator Services was the largest line at 100% of revenue.
Operating costs exceeded revenue by $2.7M, an operating margin of -40.8%. Total costs fell 33% while revenue fell 24%. The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $3.6M loss.
Operating cash flow was −$4.7M. Non-cash charges added back $178K of depreciation and amortization and $371K of share-based compensation. Working capital and other items used $4.1M.
Questions
What was Marpai's revenue in the fourth quarter 2024?
Marpai (MRAI) reported revenue of $6.6M for the fourth quarter 2024 (Q4 2024), -24% from a year earlier and -6% from the quarter before.
Was Marpai profitable in the fourth quarter 2024?
Operating loss was $2.7M (-40.8% of revenue) and net loss $1.2M.
Source: Marpai 10-K on SEC EDGAR.