Q2 FY2026 · ended Jun 30, 2026 · Revenue $3.52M, -30.4% YoY · Filed Aug 11, 2026
Spectral Ai, Inc. (MDAI) files with the SEC under industry code 3841, Surgical & Medical Instruments & Apparatus. In Q2 of fiscal 2026, the quarter ended Jun 30, 2026, it reported revenue of $3.5 million and a net loss of $4.2 million. As of Jun 30, 2026 it held $14.0 million in cash and investments and $13.2 million in total debt.
Revenue
$3.52M
-30.4% vs year-ago quarter
Net income
$-4.18M
+47.6% vs year-ago quarter
Operating cash flow
$-4.10M
-21.9% vs year-ago quarter
Free cash flow
—
EPS
$-0.13
+58.1% vs year-ago quarter
Dividend per share
None
Shares outstanding
32.18M
+20.4% vs year-ago quarter
Net cash
$845,000
Q2 FY2026
Operating margin
-77.2%
TTM
Company profile
- Industry
- Surgical & Medical Instruments & Apparatus (SIC 3841)
- Listed as
- MDAI (Nasdaq), MDAIW (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Dallas, TX
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1833498
- Former names
- Rosecliff Acquisition Corp I (until Sep 13, 2023)
Other Surgical & Medical Instruments & Apparatus companies
- Stryker Corp SYK
- 3M Co MMM
- Boston Scientific Corp BSX
- Becton Dickinson & Co BDX
- Medline Inc. MDLN
- Resmed Inc RMD
- Dexcom Inc DXCM
- Fresenius SE & Co. KGaA FSNUY
All 151 Surgical & Medical Instruments & Apparatus companies
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q2 FY2025 Jun 30, 2025 |
|---|---|---|---|---|---|
| Revenue | $3.5M | $4.0M | $4.1M | $3.8M | $5.1M |
| Operating income | -$4.3M | -$2.0M | -$2.2M | -$3.3M | -$2.1M |
| Net income | -$4.2M | -$3.4M | $1.1M | -$3.6M | -$8.0M |
| Diluted EPS | -$0.13 | -$0.11 | $0.03 | -$0.13 | -$0.31 |
| Operating cash flow | -$4.1M | -$3.7M | -$2.6M | -$2.5M | -$3.4M |
| Total assets | $19.4M | $17.7M | $21.4M | $15.3M | $16.0M |
| Total liabilities | $31.5M | $26.5M | $27.1M | $23.5M | $25.2M |
| Stockholders' equity | -$12.1M | -$8.8M | -$5.7M | -$8.2M | -$9.2M |
| Cash and investments | $14.0M | $11.7M | $15.4M | $10.5M | $10.5M |
| Total debt | $13.2M | $6.0M | $11.0M | $8.5M | $9.6M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Sep 15, 2026 | Sep 14, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Aug 12, 2026 | Aug 11, 2026 |
| 10-Q | Quarterly report | Aug 11, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Jul 8, 2026 | Jul 7, 2026 |
| 8-K |
Current report
Shareholder vote results, Regulation FD disclosure
|
Jun 1, 2026 | May 29, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
May 26, 2026 | May 26, 2026 |
All 299 Spectral Ai, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.