For the quarter ending 2025-09-30, MRAI made $4,037,000 in revenue. -$3,494,000 in net income. Net profit margin of -86.55%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenue | 4,037,000 | 4,656,000 | 5,418,000 | 6,988,000 |
| Impairment of goodwill and intangible assets | - | 0 | - | 1,897,000 |
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 2,963,000 | 3,910,000 | 3,484,000 | 2,676,250 |
| General and administrative | 2,067,000 | 2,483,000 | 2,283,000 | 3,149,000 |
| Research and development | - | 0 | 7,000 | 7,000 |
| Loss on disposal of assets | - | - | - | -162,000 |
| Information technology | 1,245,000 | 1,291,000 | 1,390,000 | 1,107,000 |
| Loss (gain) on sale of business unit | - | - | - | -18,250 |
| Sales and marketing | 295,000 | 312,000 | 245,000 | 492,500 |
| Depreciation and amortization | 107,000 | 107,000 | 107,000 | 564,500 |
| Facilities | 131,000 | 160,000 | 152,000 | 291,500 |
| Total costs and expenses | 6,808,000 | 8,263,000 | 7,668,000 | 10,365,000 |
| Operating loss | -2,771,000 | -3,607,000 | -2,250,000 | -3,377,000 |
| Other income, net | - | - | - | 78,500 |
| Interest expense | - | - | - | 608,500 |
| Other income | 74,000 | 49,000 | - | - |
| Loss on debt extinguishment | - | - | - | -469,250 |
| Interest expense, net | 797,000 | 813,000 | 819,000 | - |
| Foreign exchange loss | - | 0 | - | -500 |
| Gain on forgiveness of other liability | - | - | - | 1,030,750 |
| Loss before provision for income taxes | -3,494,000 | -4,371,000 | -3,069,000 | -3,346,000 |
| Income tax expense | - | 0 | - | -297,500 |
| Net loss | -3,494,000 | -4,371,000 | -3,069,000 | -2,751,000 |
| Net loss per share, basic (in dollars per share) | -0.2 | -0.28 | -0.21 | -0.195 |
| Net loss per share, diluted (in dollars per share) | -0.2 | -0.28 | -0.21 | -0.195 |
| Weighted average shares of common stock outstanding, basic (in shares) | 17,299,687 | 15,503,132 | 14,770,867 | -5,579,622 |
| Weighted average shares of common stock outstanding, diluted (in shares) | 17,299,687 | 15,503,132 | 14,770,867 | -5,579,622 |
Marpai, Inc. (MRAI)
Marpai, Inc. (MRAI)