MRAI · Marpai, Inc.
$1.70
-0.55 (-24.44%)
At close · Jul 21
Going-concern doubt
— flagged May 15, 2026
Substantial doubt about the company's ability to continue as a going concern.
“management has determined that our liquidity condition raises substantial doubt about our ability to continue as a going concern through twelve months from the date these condensed consolidated financial statements are issued.”View the 10-Q filed May 15, 2026
Market Cap
$43.25M
Shares
25.29M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$18.1M
-35.8%
FY2025
Net Income
-$16.56M
+25%
FY2025
Operating Margin
-74.88%
+3.5pp
FY2025
Diluted EPS
-$0.95
+50.5%
FY2025
Operating Cash Flow
-$7.45M
+50.8%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| $17.13M | $18.1M | $28.17M | $37.16M | $24.34M | $14.23M | — | |
| — | $7000 | $29K | $1.31M | $3.71M | $1.73M | $1.77M | |
| $1.08M | $1.09M | $1.77M | $6.6M | $6.94M | $4.97M | $27.58K | |
| $10.99M | $11.14M | $12.83M | $19.18M | $12.32M | $8.06M | $1.5M | |
| — | $0 | $606K | $1.1M | $821.81K | $575.36K | $0 | |
| $334K | $381K | $2.26M | $3.9M | $3.54M | $1.96M | $74.38K | |
| $30.91M | $31.65M | $50.26M | $65.13M | $51.3M | $30.09M | $3.37M | |
| -$13.79M | -$13.55M | -$22.09M | -$27.98M | -$26.96M | -$15.86M | -$3.37M | |
| — | -74.88% | -78.4% | -75.3% | -110.74% | -111.49% | — | |
| -$13.45M | -$13.17M | -$19.83M | -$24.08M | -$23.42M | -$13.9M | -$3.29M | |
| $3.19M | $3.23M | $2.71M | $1.53M | $266.78K | $427.18K | $521.14K | |
| — | — | $396K | $488K | $234.47K | $172.51K | $25.85K | |
| -$16.67M | -$16.56M | -$23.28M | -$29.04M | -$26.99M | -$16.13M | -$3.87M | |
| — | — | -$1.19M | -$290K | -$521.13K | -$150K | — | |
| -$16.67M | -$16.56M | -$22.09M | -$28.75M | -$26.47M | -$15.98M | -$3.87M | |
| — | -91.5% | -78.4% | -77.38% | -108.74% | -112.36% | — | |
| USD/shares | — | -$0.95 | -$1.92 | -$4.14 | -$5.23 | -$1.59 | -$6.40 |
| USD/shares | — | -$0.95 | -$1.92 | -$4.14 | -$5.23 | -$1.59 | -$6.40 |
| shares | — | 17.37M | 11.51M | 6.95M | 5.06M | 10.08M | 607.22K |
| shares | — | 17.37M | 11.51M | 6.95M | 5.06M | 10.08M | 607.22K |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
3.67×
Healthcare Plans median 0.52×
EV/EBIT
—
Healthcare Plans median 19.29×
P/E (TTM)
—
Healthcare Plans median 40.70×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Third Party Administrator Services | $18,106,000 | $28,077,000 | $36,829,000 | $24,341,874 |
| Captive Insurance | -$7,000 | $96,000 | $326,000 | — |