Spectral AI, Inc.
Spectral AI, Inc. (Nasdaq: MDAI) develops predictive medical diagnostics, focusing on AI-assisted burn wound assessment. Its DeepView System combines multispectral imaging with proprietary AI software to classify tissue as healing or non-healing and help healthcare professionals make treatment decisions from the… From the company’s description.
Over the twelve months to Jun 30, 2026, Spectral AI, Inc. reported revenue of $15.39M, down 44.1% from a year earlier, and a net loss of $10.09M. Its operating margin was −77.2%, and operations used $12.88M in cash. In fiscal 2025, it reported revenue of $19.65M, down 33.6% from fiscal 2024, and a net loss of $7.57M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Spectral AI, Inc. does
In the company’s own words
Spectral AI, Inc. (Nasdaq: MDAI) develops predictive medical diagnostics, focusing on AI-assisted burn wound assessment. Its DeepView System combines multispectral imaging with proprietary AI software to classify tissue as healing or non-healing and help healthcare professionals make treatment decisions from the initial wound presentation. The system includes the DeepView SnapShot imaging device and DeepView AI-Burn software; related programs include a handheld version for military and emergency use and 3D burn-wound measurement technology. The company’s intended customers include hospitals, burn and trauma centers, emergency departments, clinics and other healthcare providers, while government agencies fund development and clinical validation. Spectral AI reports one business focused on the DeepView platform. Its burn system has UKCA marking, and the company submitted a U.S. FDA De Novo application in 2025. Other potential applications under development include wound measurement and assessments of additional tissue conditions. The company had 65 full-time employees in the United States and United Kingdom at December 31, 2025. Its website is www.spectral-ai.com.
Company details
- Sector
- Health Care
- Industry (SIC)
- Surgical & Medical Instruments
- Headquarters
- DALLAS, TX
- Fiscal year end
- December
- CIK
- 1833498
- SIC
- 3841
Financial performance, year by year
Fiscal 2021–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Spectral AI, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Spectral AI, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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