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Spectral AI vs Picard Medical: MDAI and PMI compared
Spectral AI is the larger company: $3.5M of revenue in its latest quarter (Q2 2026) against $3.0M for Picard Medical (Q2 2026). Picard Medical is growing faster (+39% against -30% a year earlier). Spectral AI is more profitable, with an operating margin of -122.7% against -156.7%.
Where the money goes: MDAI and PMI
Spectral AI (MDAI) · Q2 2026
Spectral AI, Q2 2026: revenue $3.5M (-30% year over year), operating margin -122.7%, net loss $4.2M, operating cash flow −$4.1M. The chart follows the revenue to costs, profit and cash.
Picard Medical (PMI) · Q2 2026
Picard Medical, Q2 2026: revenue $3.0M (+39% year over year), operating margin -156.7%, net loss $5.7M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Spectral AI (MDAI) | Picard Medical (PMI) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $3.5M | $3.0M |
| Revenue growth, Y/Y | -30% | +39% |
| Operating margin | -122.7% | -156.7% |
| Net earnings | −$4.2M | −$5.7M |
| Net margin | -118.5% | -191.6% |
| Operating cash flow | −$4.1M | −$1.4M |
Where the revenue comes from
Picard Medical
- Product: $2.9M (99%)
- Rentals: $19K (1%)
Questions
Which is bigger, Spectral AI or Picard Medical?
Spectral AI is the larger company: $3.5M of revenue in its latest quarter (Q2 2026) against $3.0M for Picard Medical (Q2 2026).
Is Spectral AI or Picard Medical growing faster?
Picard Medical is growing faster (+39% against -30% a year earlier).
Which is more profitable, Spectral AI or Picard Medical?
Spectral AI is more profitable, with an operating margin of -122.7% against -156.7%.
More: Spectral AI earnings · how Spectral AI makes money · Picard Medical earnings · how Picard Medical makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-Q filed Aug 19, 2026). Fiscal quarters can end on different dates. Not investment advice.