📊 MRAI Key Takeaways
Is Marpai, Inc. (MRAI) a Good Investment?
Marpai demonstrates severe financial distress with negative stockholders' equity of -$32.6M, indicating the company is technically insolvent. Operating and net margins are deeply negative at -74.9% and -91.5% respectively, while the company is burning cash with -$7.8M in free cash flow, leaving only $133K in cash reserves against $43.5M in liabilities.
Marpai shows severe financial distress with persistent heavy losses, negative equity, minimal cash, and weak liquidity (0.40x current ratio) while revenue is flat. Leverage and negative interest coverage indicate elevated default/dilution risk, and operating cash burn remains large. Without clear growth or margin improvement, the path to sustainability is uncertain.
Marpai, Inc. Key Strengths (MRAI)
- Revenue of $18.1M provides a minimal operational base
- Net loss improved 25% year-over-year, suggesting loss reduction trend
- Flat revenue maintenance indicates some operational stability in core business
- YoY improvement in net loss and EPS despite ongoing losses
- Low capital intensity (modest capex) offers flexibility if turnaround materializes
- Stable revenue base (flat YoY) provides a starting point for restructuring
MRAI Stock Risks: Marpai, Inc. Investment Risks
- Negative stockholders' equity of -$32.6M indicates technical insolvency and existential risk
- Critical liquidity crisis with current ratio of 0.40x and only $133K cash against $43.5M liabilities
- Severe operational losses with -$7.5M operating cash burn and -91.5% net margin unsustainable long-term
- Negative ROA of -151.9% and negative interest coverage of -5.0x demonstrate inability to service debt or generate returns
- Long-term debt of $19.4M represents 56% of total liabilities with impaired repayment capacity
- Acute liquidity risk and potential going-concern issues (cash $133K; current ratio 0.40x)
- Negative equity with high leverage and negative interest coverage increases default/dilution risk
- Sustained operating and free cash flow losses with no top-line growth
Key Metrics to Watch
- Cash position and monthly burn rate to determine runway
- Operating cash flow trend toward positive territory
- Net margin improvement and path to profitability
- Long-term debt refinancing or restructuring developments
- Revenue growth acceleration and gross margin expansion
- Operating cash flow (burn rate)
- Current ratio (liquidity)
Marpai, Inc. (MRAI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
MRAI Profit Margin, ROE & Profitability Analysis
MRAI vs Services Sector: How Marpai, Inc. Compares
How Marpai, Inc. compares to Services sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Marpai, Inc. Stock Overvalued? MRAI Valuation Analysis 2026
Based on fundamental analysis, Marpai, Inc. has mixed fundamental signals relative to the Services sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Marpai, Inc. Balance Sheet: MRAI Debt, Cash & Liquidity
MRAI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Marpai, Inc.'s revenue has grown significantly by 161% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.92 indicates the company is currently unprofitable.
MRAI Revenue Growth, EPS Growth & YoY Performance
MRAI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2024 | $7.0M | -$3.6M | $-0.30 |
| Q2 2024 | $7.2M | -$7.6M | $-1.10 |
| Q1 2024 | $7.4M | -$4.3M | $-0.46 |
| Q3 2023 | $4.9M | -$5.8M | $-0.98 |
| Q2 2023 | $5.6M | -$6.7M | $-1.10 |
| Q1 2023 | $6.2M | -$5.5M | $-0.28 |
| Q3 2022 | $4.8M | -$4.8M | $-0.28 |
| Q2 2022 | $3.5M | -$3.9M | $-0.34 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Marpai, Inc. Dividends, Buybacks & Capital Allocation
MRAI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Marpai, Inc. (CIK: 0001844392)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MRAI
What is the AI rating for MRAI?
Marpai, Inc. (MRAI) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 94% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MRAI's key strengths?
Claude: Revenue of $18.1M provides a minimal operational base. Net loss improved 25% year-over-year, suggesting loss reduction trend. ChatGPT: YoY improvement in net loss and EPS despite ongoing losses. Low capital intensity (modest capex) offers flexibility if turnaround materializes.
What are the risks of investing in MRAI?
Claude: Negative stockholders' equity of -$32.6M indicates technical insolvency and existential risk. Critical liquidity crisis with current ratio of 0.40x and only $133K cash against $43.5M liabilities. ChatGPT: Acute liquidity risk and potential going-concern issues (cash $133K; current ratio 0.40x). Negative equity with high leverage and negative interest coverage increases default/dilution risk.
What is MRAI's revenue and growth?
Marpai, Inc. reported revenue of $18.1M.
Does MRAI pay dividends?
Marpai, Inc. does not currently pay dividends.
Where can I find MRAI SEC filings?
Official SEC filings for Marpai, Inc. (CIK: 0001844392) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MRAI's EPS?
Marpai, Inc. has a diluted EPS of $-0.95.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is MRAI's fundamental grade?
Based on our AI fundamental analysis in June 2026, Marpai, Inc. has a D grade with 94% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is MRAI stock overvalued or undervalued?
Valuation metrics for MRAI: ROE of N/A (sector avg: 16%), net margin of -91.5% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is MRAI's AI grade for 2026?
Our dual AI analysis gives Marpai, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MRAI's free cash flow?
Marpai, Inc.'s operating cash flow is $-7.5M, with capital expenditures of $362.8K. FCF margin is -43.2%.
How does MRAI compare to other Services stocks?
Vs Services sector averages: Net margin -91.5% (avg: 10%), ROE N/A (avg: 16%), current ratio 0.40 (avg: 1.5).