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Spectral AI Valuation Multiples
Discover revenue and EBITDA valuation multiples for Spectral AI and similar public comparables like electroCore, Modulight, AOTI, Anatolia Geneworks and more.
Spectral AI Overview
About Spectral AI
Spectral AI Inc is an AI company, focused on predictive medical diagnostics. Spectral is devoting substantially all of its efforts towards the research and development of its DeepView System, an internally developed MSI device that has designated FDA BDD status. Its DeepView System uses proprietary algorithms to distinguish between damaged and healthy human tissue invisible to the naked eye, providing Day One healing assessments in seconds. The Company's output is specifically engineered to allow the physician to make a more accurate, timely, and informed decision regarding the treatment of the patient’s wound.
Founded
2020
HQ
Employees
78
Website
Sectors
Financials (LTM)
EV
$48M
Spectral AI Financials
Spectral AI reported last 12-month revenue of $19M.
In the same LTM period, Spectral AI generated $9M in gross profit and had net loss of ($10M).
Revenue (LTM)
Spectral AI P&L
In the most recent fiscal year, Spectral AI reported revenue of $20M and EBITDA of ($5M).
Spectral AI expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $19M | XXX | $20M | XXX | XXX | XXX |
| Gross Profit | $9M | XXX | $9M | XXX | XXX | XXX |
| Gross Margin | 45% | XXX | 45% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($5M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (23%) | XXX | XXX | XXX |
| EBIT Margin | (53%) | XXX | (44%) | XXX | XXX | XXX |
| Net Profit | ($10M) | XXX | ($8M) | XXX | XXX | XXX |
| Net Margin | (50%) | XXX | (39%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Spectral AI Stock Performance
Spectral AI has current market cap of $53M, and enterprise value of $48M.
Market Cap Evolution
Spectral AI's stock price is $1.67.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $48M | $53M | -1.8% | XXX | XXX | XXX | $-0.24 |
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Start Free TrialSpectral AI Valuation Multiples
Spectral AI trades at 2.5x EV/Revenue multiple, and (10.6x) EV/EBITDA.
EV / Revenue (LTM)
Spectral AI Financial Valuation Multiples
As of April 11, 2026, Spectral AI has market cap of $53M and EV of $48M.
Equity research analysts estimate Spectral AI's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spectral AI has a P/E ratio of (5.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $53M | XXX | $53M | XXX | XXX | XXX |
| EV (current) | $48M | XXX | $48M | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.4x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (10.6x) | XXX | XXX | XXX |
| EV/EBIT | (4.6x) | XXX | (5.6x) | XXX | XXX | XXX |
| EV/Gross Profit | 5.4x | XXX | 5.4x | XXX | XXX | XXX |
| P/E | (5.5x) | XXX | (7.0x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (4.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Spectral AI Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Spectral AI Margins & Growth Rates
Spectral AI's revenue in the last 12 month grew by 3%.
Spectral AI's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Spectral AI Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | (4%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (23%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (61%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 96% | XXX | 89% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 89% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Spectral AI Public Comps
See public comps and valuation multiples for other Medical Devices comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| electroCore | XXX | XXX | XXX | XXX | XXX | XXX |
| Modulight | XXX | XXX | XXX | XXX | XXX | XXX |
| AOTI | XXX | XXX | XXX | XXX | XXX | XXX |
| Anatolia Geneworks | XXX | XXX | XXX | XXX | XXX | XXX |
| Daxor | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Spectral AI M&A Activity
Spectral AI acquired XXX companies to date.
Last acquisition by Spectral AI was on XXXXXXXX, XXXXX. Spectral AI acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Spectral AI
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSpectral AI Investment Activity
Spectral AI invested in XXX companies to date.
Spectral AI made its latest investment on XXXXXXXX, XXXXX. Spectral AI invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Spectral AI
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Spectral AI
| When was Spectral AI founded? | Spectral AI was founded in 2020. |
| Where is Spectral AI headquartered? | Spectral AI is headquartered in United States. |
| How many employees does Spectral AI have? | As of today, Spectral AI has over 78 employees. |
| Who is the CEO of Spectral AI? | Spectral AI's CEO is Vincent S Capone. |
| Is Spectral AI publicly listed? | Yes, Spectral AI is a public company listed on Nasdaq. |
| What is the stock symbol of Spectral AI? | Spectral AI trades under MDAI ticker. |
| When did Spectral AI go public? | Spectral AI went public in 2023. |
| Who are competitors of Spectral AI? | Spectral AI main competitors are electroCore, Modulight, AOTI, Anatolia Geneworks. |
| What is the current market cap of Spectral AI? | Spectral AI's current market cap is $53M. |
| What is the current revenue of Spectral AI? | Spectral AI's last 12 months revenue is $19M. |
| What is the current revenue growth of Spectral AI? | Spectral AI revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Spectral AI? | Current revenue multiple of Spectral AI is 2.5x. |
| Is Spectral AI profitable? | No, Spectral AI is not profitable. |
| What is the current net income of Spectral AI? | Spectral AI's last 12 months net income is ($10M). |
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