Marpai, Inc. Financial Summary

Complete Filing Data

Marpai, Inc. reported Stockholders Equity of -$32.56 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Marpai, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Net Income *-$16.6M-$22.1M-$28.8M-$26.5M-$16.0M-$3.9M
Revenue *$18.1M$28.2M$37.2M$24.3M$14.2M
Selling And Marketing Expense$1.1M$1.8M$6.6M$6.9M$5.0M$27.6K
Operating Income Loss-$13.6M-$22.1M-$28.0M-$27.0M-$15.9M-$3.4M
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$16.6M-$23.3M-$29.0M-$27.0M-$16.1M-$3.9M
General And Administrative Expense$11.1M$12.8M$19.2M$12.3M$8.1M$1.5M
Research And Development Expense$7.0K$29.0K$1.3M$3.7M$1.7M$1.8M
Other Nonoperating Income Expense$396.0K$488.0K$234.5K$172.5K$25.8K
Interest Expense$2.7M$1.5M$266.8K$427.2K$521.1K
Deferred Income Tax Liabilities Net$1.2M$1.5M$2.0M
Deferred Revenue Current$288.5K$1.2M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020
Net Income *-$3.5M-$4.4M-$3.1M-$3.6M-$13.0M-$4.3M-$7.3M-$7.6M-$8.9M-$5.8M-$6.7M-$5.5M-$4.8M-$3.9M-$1.6M-$926.3K
Revenue *$4.0M$4.7M$5.4M$7.0M$7.2M$7.4M$8.7M$10.0M$9.7M$4.9M$5.6M$6.2M$4.8M$3.5M
Selling And Marketing Expense$295.0K$312.0K$245.0K$345.0K$436.0K$602.0K$1.8M$1.5M$2.2M$1.1M$2.2M$1.6M$1.6M$1.1M$321.1K$22.0K
Operating Income Loss-$2.8M-$3.6M-$2.3M-$3.1M-$12.3M-$4.1M-$7.0M-$7.3M-$8.5M-$5.8M-$6.7M-$5.5M-$4.7M-$4.0M-$1.4M-$791.8K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$3.5M-$4.4M-$3.1M-$3.6M-$13.0M-$4.3M-$7.3M-$7.6M-$8.9M-$5.8M-$6.7M-$5.5M-$4.8M-$4.0M-$1.6M-$926.3K
General And Administrative Expense$2.1M$2.5M$2.3M$2.8M$3.7M$3.4M$5.0M$5.7M$5.2M$2.7M$2.3M$2.9M$2.2M$2.1M$801.8K$280.6K
Research And Development Expense$7.0K$7.0K$8.0K$7.0K$267.0K$523.0K$500.0K$781.8K$1.3M$593.1K$568.8K$285.4K$264.0K$470.9K
Other Nonoperating Income Expense$119.0K$120.0K$120.0K$130.0K$50.0K$50.0K$56.3K-$9.7K$49.0K$54.6K$47.7K$6.7K$6.4K
Interest Expense$620.0K$872.0K$398.0K$383.0K$333.0K$385.0K$2.9K$562.00$3.9K$108.5K$92.6K$183.4K$138.0K
Deferred Income Tax Liabilities Net$1.2M$1.2M$1.2M$1.5M$1.5M$1.5M$2.0M$2.0M$2.0M$2.0M
Deferred Revenue Current$1.5M$661.0K$1.3M$1.3M$1.4M$870.8K$828.4K$1.2M$1.4M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Stockholders Equity-$32.6M-$27.7M-$13.4M$6.1M$29.7M-$3.5M-$873.1K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$9.0M$9.2M$13.5M$23.1M$25.9M$1.8M$246.3K
Cash And Cash Equivalents At Carrying Value$133.0K$764.0K$1.1M$13.8M$19.2M$1.8M
Restricted Cash Current$8.8M$8.5M$12.3M$9.4M$6.8M$63.4K
Operating Lease Right Of Use Asset Amortization Expense$59.0K$211.0K$1.5M$598.9K$100.2K$78.0K
Operating Lease Right Of Use Asset$218.0K$296.0K$2.4M$3.8M$2.0M$337.3K
Retained Earnings Accumulated Deficit-$115.4M-$98.8M-$76.7M-$48.0M-$21.5M-$5.5M
Operating Lease Liability Noncurrent$528.0K$793.0K$3.7M$4.8M$1.3M$283.3K
Operating Lease Liability Current$264.0K$244.0K$512.0K$1.3M$784.5K$96.5K
Liabilities Current$25.7M$19.0M$20.8M$17.4M$11.1M$2.6M
Assets Current$10.3M$11.9M$17.1M$26.5M$27.0M$2.2M
Accrued Liabilities Current$2.1M$2.6M$2.8M$5.3M$2.5M$268.0K
Accounts Payable Current$3.7M$3.1M$4.6M$1.5M$1.1M$159.2K
Prepaid Expense And Other Assets Current$408.0K$759.0K$901.0K$1.6M$743.1K$262.2K
Liabilities And Stockholders Equity$10.9M$12.9M$31.7M$49.9M$44.2M$6.5M
Liabilities$43.5M$40.6M$45.1M$43.8M$14.5M$10.0M
Common Stock Value$2.0K$1.0K$1.0K$532.00$2.0K$14.00
Assets$10.9M$12.9M$31.7M$49.9M$44.2M$6.5M
Other Liabilities Noncurrent$11.5M$14.9M$19.4M$20.2M$45.0K
Accrued Fiduciary Obligations Current$8.5M$6.3M$11.6M$9.0M$5.5M
Other Assets Noncurrent$61.0K$15.0K$22.0K$21.7K$28.3K
Accounts Receivable Net Current$697.0K$837.0K$1.1M$1.4M$208.8K
Unbilled Receivables Current$280.0K$569.0K$768.0K$350.4K$15.0K
Property Plant And Equipment Net$611.0K$1.5M$889.9K$195.4K
Accounts And Other Receivables Net Current$500.0K$800.0K$91.5K$100.0K
Allowance For Doubtful Accounts Receivable Current$21.0K$1.0K$25.0K$23.5K$0.00
Goodwill$3.0M$2.4M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect-$9.6M-$2.8M$24.1M$1.6M
Intangible Assets Net Excluding Goodwill$5.2M$6.3M$5.5M
Stockholders Equity Note Stock Split Conversion Ratio1$0.25$4.56

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020
Stockholders Equity-$33.3M-$32.4M-$30.2M-$27.6M-$25.7M-$14.5M-$9.2M-$2.7M-$1.9M$14.0M$19.1M$24.5M$4.6M$9.2M-$4.8M-$2.8M-$2.1M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$10.5M$8.3M$11.5M$11.8M$14.1M$13.6M$14.3M$20.8M$16.6M$9.7M$15.2M$22.1M$9.0M$7.9M$923.9K$473.7K
Cash And Cash Equivalents At Carrying Value$445.0K$619.0K$729.0K$830.0K$1.3M$851.0K$3.0M$8.7M$6.2M$4.7M$9.1M$14.1M$1.2M$2.3M$862.8K$414.5K
Restricted Cash Current$10.1M$7.7M$10.8M$11.0M$12.8M$12.8M$11.2M$12.1M$10.4M$5.0M$6.1M$8.0M$7.8M$5.5M$61.1K$59.2K
Operating Lease Right Of Use Asset Amortization Expense$15.0K$62.0K$252.0K$33.4K$20.7K
Operating Lease Right Of Use Asset$251.0K$265.0K$281.0K$2.2M$2.3M$2.3M$2.5M$2.8M$3.6M$1.5M$1.7M$1.9M$1.5M
Retained Earnings Accumulated Deficit-$109.8M-$106.3M-$101.9M-$97.7M-$94.1M-$81.1M-$71.7M-$64.4M-$56.9M-$39.5M-$33.7M-$27.0M-$15.8M
Operating Lease Liability Noncurrent$598.0K$664.0K$730.0K$3.3M$3.4M$3.5M$3.8M$4.0M$4.6M$728.4K$944.5K$1.2M$1.0M
Operating Lease Liability Current$256.0K$250.0K$248.0K$559.0K$541.0K$523.0K$600.1K$784.9K$1.1M$845.8K$829.3K$813.2K$713.8K
Liabilities Current$22.8M$19.7M$19.8M$18.2M$18.7M$20.1M$20.4M$22.2M$17.5M$8.7M$9.5M$12.0M$14.7M
Assets Current$12.1M$10.3M$12.9M$14.9M$17.2M$16.5M$16.8M$23.7M$20.1M$10.3M$15.7M$22.9M$10.2M
Accrued Liabilities Current$2.0M$2.1M$1.9M$3.0M$2.6M$3.1M$4.7M$5.0M$3.8M$2.3M$2.3M$2.2M$1.9M
Accounts Payable Current$4.4M$3.6M$2.7M$3.8M$3.2M$3.8M$3.1M$2.1M$2.1M$692.9K$490.1K$1.1M$2.7M
Prepaid Expense And Other Assets Current$397.0K$590.0K$615.0K$771.0K$967.0K$1.0M$961.2K$1.2M$1.4M$366.3K$503.8K$566.9K$774.4K
Liabilities And Stockholders Equity$12.8M$11.1M$13.7M$19.6M$22.2M$30.1M$35.6M$43.7M$42.2M$25.4M$31.6M$39.6M$27.3M
Liabilities$46.1M$43.4M$43.9M$47.2M$47.9M$44.6M$44.9M$46.4M$44.1M$11.4M$12.5M$15.2M$22.7M
Common Stock Value$2.0K$2.0K$1.0K$1.0K$1.0K$1.0K$781.00$725.00$2.2K$2.1K$2.1K$2.0K$1.1K
Assets$12.8M$11.1M$13.7M$19.6M$22.2M$30.1M$35.6M$43.7M$42.2M$25.4M$31.6M$39.6M$27.3M
Other Liabilities Noncurrent$16.2M$15.7M$15.3M$20.5M$20.1M$19.7M$19.1M$18.7M$20.6M$45.0K$45.0K$45.0K$45.0K
Accrued Fiduciary Obligations Current$9.3M$7.2M$8.2M$8.0M$9.9M$9.5M$9.9M$10.7M$9.0M$3.9M$5.1M$6.7M$5.1M
Other Assets Noncurrent$71.0K$8.0K$8.0K$15.0K$22.0K$22.0K$21.7K$21.7K$21.7K$80.6K$80.6K$80.6K
Accounts Receivable Net Current$377.0K$548.0K$368.0K$1.2M$805.0K$366.0K$977.4K$1.0M$963.1K$191.2K$26.5K$110.4K$299.8K
Unbilled Receivables Current$793.0K$914.0K$374.0K$579.0K$568.0K$727.0K$594.6K$705.2K$1.1M$16.3K$37.9K
Property Plant And Equipment Net$514.0K$546.0K$579.0K$662.2K$716.1K$1.3M$737.4K$761.6K$922.5K$720.6K
Accounts And Other Receivables Net Current$500.0K$800.0K$32.3K$44.4K$45.6K$30.6K$56.8K$27.3K$90.0K$52.8K
Allowance For Doubtful Accounts Receivable Current$1.0K$1.0K$1.0K$0.00$0.00$25.0K$23.5K$23.5K$23.5K
Goodwill$3.0M$6.0M$6.0M$5.9M$3.0M$2.4M$2.4M$2.4M$1.7M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$120.0K-$6.5M-$3.8M-$894.0K
Intangible Assets Net Excluding Goodwill$4.9M$5.5M$5.8M$6.0M$4.9M$5.1M$5.3M$6.5M
Stockholders Equity Note Stock Split Conversion Ratio1$0.25$0.25

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization$13.3M$19.1M$24.2M$17.1M$10.3M
Share Based Compensation$3.6M$3.2M$2.1M$3.1M$1.2M$1.0M
Net Cash Provided By Used In Operating Activities-$7.5M-$15.2M-$15.7M-$35.2M-$10.8M-$1.9M
Increase Decrease In Prepaid Deferred Expense And Other Assets-$351.0K-$142.0K-$732.0K-$892.6K$349.5K$318.4K
Increase Decrease In Operating Lease Liability-$245.0K-$464.0K-$1.9M-$661.4K-$99.9K-$87.0K
Increase Decrease In Accrued Liabilities-$470.0K-$231.0K-$2.5M-$2.1M$961.8K$200.6K
Increase Decrease In Accounts Payable$559.0K-$1.5M$3.2M$181.4K$41.1K$114.3K
Increase Decrease In Other Operating Liabilities-$596.0K$64.0K$337.0K-$1.1M-$40.0K
Increase Decrease In Accrued Fiduciary Obligations-$2.2M$5.3M-$2.5M$12.8M-$1.5M
Net Cash Provided By Used In Investing Activities$500.0K$227.0K$1.0M$32.4M$9.6M-$554.1K
Net Cash Provided By Used In Financing Activities$6.7M$10.7M$5.1M$196.00$25.3M$4.1M
Increase Decrease In Accounts Receivable And Unbilled Receivable-$486.0K$105.0K$597.1K$131.5K
Depreciation Depletion And Amortization$3.9M$3.5M$2.0M$74.4K
Increase Decrease In Other Receivables-$22.1K-$60.9K-$8.5K
Proceeds From Convertible Debt$3.0M$8.0M$550.0K$4.1M
Increase Decrease In Due To Related Parties-$3.0K-$2.8K-$240.0K$243.6K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization$3.0M$3.9M$3.5M$5.0M$5.2M$4.9M$5.7M$6.4M$6.4M$3.6M$4.2M$4.5M$3.3M$2.7M
Share Based Compensation$574.0K$561.0K$623.0K$665.7K$230.5K
Net Cash Provided By Used In Operating Activities-$115.0K-$3.6M-$6.5M-$3.3M-$760.3K
Increase Decrease In Prepaid Deferred Expense And Other Assets-$151.0K$99.0K-$162.0K-$176.2K-$106.8K
Increase Decrease In Operating Lease Liability-$59.0K-$126.0K-$363.0K-$29.8K-$22.9K
Increase Decrease In Accrued Liabilities-$679.0K$215.0K-$1.4M-$767.7K-$31.2K
Increase Decrease In Accounts Payable-$373.0K-$825.0K$653.0K-$61.3K$327.1K
Increase Decrease In Other Operating Liabilities$181.0K$862.0K$1.1M$76.7K
Increase Decrease In Accrued Fiduciary Obligations-$1.9M$2.1M$372.00-$1.1M
Net Cash Provided By Used In Investing Activities$500.0K$3.0K-$494.4K-$509.5K
Net Cash Provided By Used In Financing Activities$1.9M$3.7M$221.00$375.8K
Increase Decrease In Accounts Receivable And Unbilled Receivable-$800.0K$239.0K-$113.3K
Depreciation Depletion And Amortization$951.0K$1.0M$825.4K$18.2K
Increase Decrease In Other Receivables$15.0K-$1.5K
Proceeds From Convertible Debt$3.0M$325.0K
Increase Decrease In Due To Related Parties

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Weighted Average Number Of Shares Outstanding Basic17.4M11.5M7.0M5.1M10.1M2.4M
Weighted Average Number Of Diluted Shares Outstanding17.4M11.5M7.0M5.1M10.1M2.4M
Earnings Per Share Diluted$-0.95$-1.92$-4.14$-5.23$-1.59$-1.60
Earnings Per Share Basic$-0.95$-1.92$-4.14$-5.23$-1.59$-1.60
Common Stock Shares Outstanding24.0M14.2M8.0M5.3M20.3M142.4K
Common Stock Shares Issued24.0M14.2M8.0M5.3M20.3M142.4K
Common Stock Shares Authorized227.8M227.8M227.8M227.8M227.8M227.8M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020
Weighted Average Number Of Shares Outstanding Basic17.3M15.5M14.8M12.0M10.6M9.4M7.5M6.8M5.3M5.1M5.0M19.6M10.3M10.1M2.9M2.5M
Weighted Average Number Of Diluted Shares Outstanding17.3M15.5M14.8M12.0M10.6M9.4M7.5M6.8M5.3M5.1M5.0M19.6M10.3M10.1M2.9M2.5M
Earnings Per Share Diluted$-0.20$-0.28$-0.21$-0.30$-1.23$-0.46$-0.98$-1.10$-1.68$-1.14$-1.34$-0.28$-0.47$-0.38$-0.55$-0.37
Earnings Per Share Basic$-0.20$-0.28$-0.21$-0.30$-1.23$-0.46$-0.98$-1.10$-1.68$-1.14$-1.34$-0.28$-0.47$-0.38$-0.55$-0.37
Common Stock Shares Outstanding18.5M16.5M14.9M13.7M11.0M10.3M7.8M7.3M21.6M20.9M20.7M20.3M11.2M
Common Stock Shares Issued18.5M16.5M14.9M13.7M11.0M10.3M7.8M7.3M21.6M20.9M20.7M20.3M11.2M
Common Stock Shares Authorized227.8M227.8M227.8M227.8M227.8M227.8M227.8M227.8M227.8M227.8M227.8M227.8M227.8M
Common Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Depreciation And Amortization$381.0K$2.3M$3.9M$3.5M$2.0M$74.4K
Costs And Expenses$31.7M$50.3M$65.1M$51.3M$30.1M$3.4M
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$3.6M$3.2M$2.1M$2.9M$1.2M$1.0M
Information Technology And Data Processing$5.1M$4.7M$5.8M$6.4M$2.5M
Facilities Expense$580.0K$1.3M$2.5M$1.0M$589.9K
Foreign Currency Transaction Gain Loss Before Tax-$1.0K-$26.0K-$361.00-$18.9K-$5.0K
Capitalized Computer Software Net$60.0K$441.0K$2.1M$4.6M$6.3M$3.8M
Stock Issued During Period Value New Issues$4.7M$6.4M$17.4M
Additional Paid In Capital$82.8M$71.1M$54.1M$51.2M$2.0M
Stock Issued During Period Value Issued For Services$1.1M$79.0K$38.6K
Security Deposit$1.3M$52.3K
Issuance Of Stock And Warrants For Services Or Claims$1.1M$79.0K$38.6K
Paid In Kind Interest$1.5M$258.8K$365.9K$414.7K
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures$56.00$22.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020
Depreciation And Amortization$107.0K$107.0K$107.0K$213.0K$914.0K$951.0K$927.0K$1.0M$1.0M$842.0K$776.4K$825.4K$802.2K$402.8K$18.2K$18.4K
Costs And Expenses$6.8M$8.3M$7.7M$10.1M$19.5M$11.5M$15.8M$17.3M$18.2M$10.8M$12.2M$11.8M$9.5M$7.5M$1.4M$791.8K
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$415.0K$469.0K$574.0K$364.0K$1.9M$561.0K$722.0K$367.0K$748.0K$689.4K$1.2M$249.0K$256.1K$475.5K$230.5K$194.6K
Information Technology And Data Processing$1.2M$1.3M$1.4M$1.3M$1.2M$1.1M$1.3M$1.3M$2.2M$1.5M$1.2M$1.1M$770.1K$731.2K
Facilities Expense$131.0K$160.0K$152.0K$311.0K$411.0K$474.0K$769.0K$500.0K$650.0K$193.5K$196.3K$196.6K$231.8K$180.4K
Foreign Currency Transaction Gain Loss Before Tax$1.0K-$1.0K-$3.0K-$14.0K-$3.0K-$15.0K-$18.8K$9.4K$3.9K-$3.0K-$6.0K-$9.8K-$2.9K
Capitalized Computer Software Net$120.0K$227.0K$334.0K$752.0K$933.0K$1.5M$2.7M$3.4M$4.0M$5.4M$5.8M$6.2M$6.6M
Stock Issued During Period Value New Issues$2.1M$731.0K$1.3M$2.7M$6.4M$17.4M
Additional Paid In Capital$76.4M$66.6M$63.3M$62.5M$61.8M$55.0M$53.4M$52.7M$51.5M$20.4M
Stock Issued During Period Value Issued For Services$79.0K$7.7K$23.2K
Security Deposit$1.2M$1.3M$1.3M$1.3M$1.3M$1.3M$1.3M$52.3K
Issuance Of Stock And Warrants For Services Or Claims$79.0K
Paid In Kind Interest$423.0K$388.0K$155.5K
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures$53.00$13.00$25.00$9.00

Most recent annual filing with the SEC: March 25, 2026

Data sourced from SEC EDGAR public filings as of August 8, 2026.