Spectral AI, Inc. cash flow statement

In fiscal 2025, Spectral AI, Inc.'s operations generated −$9.9m of cash.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Spectral AI, Inc.: cash flow statement, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	−1	−13	−9	−10	−13
Depreciation and amortisation	0	0	0	0	0
Stock-based pay	1	1	1	1	2
Share buybacks	251	—	—	—	—
Shares issued	14	3	4	11	—

US$ thousands unless shown otherwise. Fiscal quarters.

Spectral AI, Inc.: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	−1,626	469	−1,505	−3,362	−2,501	−2,552	−3,728	−4,097
Depreciation and amortisation	1	4	2	10	30	29	30	30
Stock-based pay	200	174	200	411	300	243	183	807
Shares issued	0	1,393	3,080	0	0	7,558	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Spectral AI, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Spectral AI, Inc.