Marpai, Inc.

MRAI OTC SEC CIK 1844392
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Financials

Reported figures only · latest: Q2 2026 USD · US GAAP
Revenue, last quarter $4.2M −10.5% vs same quarter last year
Net income −$4.6M −4.9% vs same quarter last year
EPS, diluted −$0.18 +35.7% vs same quarter last year
Operating cash flow −$4.1M −27.7% vs same quarter last year
Revenue by quarter
$7M
$6.6M
$5.4M
$4.7M
$4M
$4M
$4.4M
$4.2M
Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26

Source: SEC XBRL filings · latest filing

The long view

Fiscal years as reported · SEC XBRL filings, US GAAP
Revenue and net income7 fiscal years
  • Revenue
  • Net income
−$40M−$20M$0$20M$40MFY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearRevenueNet income
FY25$18.1M−$16.6M
FY24$28.2M−$22.1M
FY23$37.2M−$28.8M
FY22$24.3M−$26.5M
FY21$14.2M−$16M
FY20-−$3.9M
FY19--
MarginsShare of revenue
  • Operating margin
  • Net margin
−150%−100%−50%0%FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearOperating marginNet margin
FY25−74.9%−91.5%
FY24−78.4%−78.4%
FY23−75.3%−77.4%
FY22−110.7%−108.7%
FY21−111.5%−112.4%
FY20--
FY19--
Free cash flowOperating cash flow minus capital expenditure
−$40M−$30M−$20M−$10M$0FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearFree cash flow
FY25-
FY24-
FY23-
FY22−$35.6M
FY21−$11.1M
FY20−$2M
FY19-
Net margin vs the sectorMedian of Healthcare companies filing with the SEC
  • Marpai
  • Healthcare median
−150%−100%−50%0%FY19FY20FY21FY22FY23FY24FY25
Show the numbers
YearMarpaiHealthcare median
FY25−91.5%−66.4%
FY24−78.4%−87%
FY23−77.4%−128.5%
FY22−108.7%−143.6%
FY21−112.4%−137.7%
FY20-−134.3%
FY19-−125.9%

News

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