Hyperfine vs Spectral AI
Spectral AI is the larger business, with $19.6m of revenue in fiscal 2025 against $13.6m for Hyperfine (1.4 times as much). Hyperfine grew faster (5.2% against -33.6%). Spectral AI kept more of each dollar of sales as profit: a net margin of -38.5% against -262.3%.
| Latest fiscal year | HyperfineHYPR, 2025 | Spectral AIMDAI, 2025 |
|---|---|---|
| Revenue | $13.6m | $19.6m |
| Revenue growth | 5.2% | -33.6% |
| Net income | −$35.6m | −$7.6m |
| Operating margin | -273.4% | — |
| Net margin | -262.3% | -38.5% |
| Return on equity | -79.0% | — |
| Free cash flow | −$29.1m | — |
| Cash | $35.1m | $15.4m |
| Total debt | $0 | $12.1m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 102 | 65 |
| Market value | $72.4m | $48.9m |
| Price vs our value range | — | — |
| Moat score | 22 (Weak) | — |
| Insider trades, 12 months | 0 buys, 8 sales | 0 buys, 0 sales |