Spectral AI, Inc. (MDAI)

Spectral AI Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	14.06	5.16	4.79	14.17	16.12	5.12
Cash & Short-Term Investments	14.06	5.16	4.79	14.17	16.12	5.12
Cash Growth	38.44%	7.66%	-66.21%	-12.08%	214.58%	-
Receivables	2.1	2.51	2.35	2.91	1.51	2.69
Inventory	0.44	0.43	0.23	-	-	-
Prepaid Expenses	1.29	1.29	1.45	0.33	0.84	0.09
Other Current Assets	0.84	0.75	1.08	0.27	-	-
Total Current Assets	18.73	10.12	9.9	17.69	18.47	7.91
Property, Plant & Equipment	1.99	1.97	0.79	1.03	0.03	-
Other Long-Term Assets	-	-	-	-	0.04	0.03
Total Assets	20.72	12.1	10.69	18.72	18.54	7.94
Accounts Payable	3.11	4.04	2.68	2.76	1.41	3.8
Accrued Expenses	3.71	3.02	4.19	2.52	2.58	1.12
Short-Term Debt	-	2.79	-	-	-	-
Current Portion of Long-Term Debt	0.24	-	0.44	0.18	0.58	-
Current Portion of Leases	0.47	0.2	0.85	0.68	-	-
Current Income Taxes Payable	-	0.19	0.11	0.11	-	-
Current Unearned Revenue	0.66	0.96	2.31	-	-	-
Other Current Liabilities	5.11	6.45	1.82	0.13	0.21	-
Total Current Liabilities	13.31	17.64	12.4	6.37	4.79	4.92
Long-Term Debt	7.51	-	-	-	-	0.77
Long-Term Leases	1.52	1.7	-	0.35	-	-
Total Liabilities	22.35	19.35	12.4	6.72	4.79	5.69
Common Stock	0	0	0	0	0.14	0.06
Additional Paid-In Capital	43.68	40.85	31.07	23.93	22.64	6.1
Retained Earnings	-45.33	-48.1	-32.79	-11.93	-9.02	-5.02
Comprehensive Income & Other	0.02	0	0.01	-	-	-
Total Common Equity	-1.63	-7.25	-1.71	12	13.75	1.14
Shareholders' Equity	-1.63	-7.25	-1.71	12	13.75	2.25
Total Liabilities & Equity	20.72	12.1	10.69	18.72	18.54	7.94
Total Debt	9.75	4.69	1.29	1.2	0.58	0.77
Net Cash (Debt)	4.31	0.47	3.5	12.97	15.54	4.36
Net Cash Growth	15.01%	-86.66%	-73.01%	-16.51%	256.70%	-
Net Cash Per Share	0.17	0.03	0.25	0.99	0.15	0.03
Filing Date Shares Outstanding	25.59	25.32	17.47	135.41	135.03	61.34
Total Common Shares Outstanding	25.59	22.59	16.29	135.41	135.03	61.34
Working Capital	5.42	-7.52	-2.5	11.31	13.68	2.99
Book Value Per Share	-0.06	-0.32	-0.10	0.09	0.10	0.02
Tangible Book Value	-1.63	-7.25	-1.71	12	13.75	1.14
Tangible Book Value Per Share	-0.06	-0.32	-0.10	0.09	0.10	0.02

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q