FY2025 · ended Dec 31, 2025 · Revenue $18.10M, -35.8% YoY · Filed Mar 25, 2026
Marpai, Inc. (MRAI) files with the SEC under industry code 8090, Services-Misc Health & Allied Services, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $18.1 million and a net loss of $16.6 million. As of Jun 30, 2026 it held $138,000 in cash and investments and $25.9 million in total debt.
Revenue (TTM)
$16.64M
-29.7% vs year-ago TTM
Net income (TTM)
$-16.89M
-38.9% vs year-ago TTM
Operating cash flow (TTM)
$-8.71M
+26.1% vs year-ago TTM
Free cash flow
$-35.60M
-221.6% vs prior year
EPS (TTM)
$-0.75
+12.8% vs year-ago TTM
Dividend per share
None
Shares outstanding
25.29M
+69.8% vs prior year
Net cash
$-25.76M
as of Jun 30, 2026
Operating margin
-81.8%
FY 2026
Company profile
- Industry
- Services-Misc Health & Allied Services, NEC (SIC 8090)
- Listed as
- MRAI (OTC)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Tampa, FL
- SEC filer status
- Non-accelerated filer, Smaller reporting company, Emerging growth company
- SEC CIK
- 1844392
Other Services-Misc Health & Allied Services, NEC companies
- Fresenius Medical Care AG FMS
- Davita Inc. DVA
- Sotera Health Co SHC
- Progyny, Inc. PGNY
- agilon health, inc. AGL
- Charming Medical Ltd MCTA
- Viemed Healthcare, Inc. VMD
- Park Dental Partners, Inc. PARK
All 15 Services-Misc Health & Allied Services, NEC companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $18.1M | $28.2M | $37.2M | $24.3M | $14.2M |
| Operating income | -$13.6M | -$22.1M | -$28.0M | -$27.0M | -$15.9M |
| Net income | -$16.6M | -$22.1M | -$28.8M | -$26.5M | -$16.0M |
| Diluted EPS | -$0.95 | -$1.92 | -$4.14 | -$5.23 | -$1.59 |
| Operating cash flow | -$7.5M | -$15.2M | -$15.7M | -$35.2M | -$10.8M |
| Free cash flow | — | — | — | -$35.6M | -$11.1M |
| Total assets | $10.9M | $12.9M | $31.7M | $49.9M | $44.2M |
| Total liabilities | $43.5M | $40.6M | $45.1M | $43.8M | $14.5M |
| Stockholders' equity | -$32.6M | -$27.7M | -$13.4M | $6.1M | $29.7M |
| Cash and investments | $133,000 | $764,000 | $1.1M | $13.8M | $19.2M |
| Total debt | $31.2M | $24.9M | $24.2M | $26.3M | $2.1M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Aug 13, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Material agreement, Unregistered share sale, Bylaw or fiscal year change, Other events
|
Jul 31, 2026 | Jul 29, 2026 |
| 8-K |
Current report
Material agreement, Other events
|
Jul 20, 2026 | Jul 16, 2026 |
| 10-Q | Quarterly report | May 15, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Material agreement
|
May 1, 2026 | Apr 29, 2026 |
| 10-K | Annual report | Mar 25, 2026 | Dec 31, 2025 |
All 339 Marpai, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.