Marpai, Inc. (MRAI) Form 10-Q — Aug 13, 2026
Marpai's Q2 2026 revenue fell 10.5% year-over-year to $4.2 million with a net loss of $4.6 million ($0.18 per share), driven primarily by customer turnover. For the first half of 2026, revenue declined 14.5% to $8.6 million and the net loss widened to $7.8 million versus $7.4 million a year earlier. The company disclosed substantial doubt about its ability to continue as a going concern, holding only $138 thousand of unrestricted cash, roughly $14.5 million of negative working capital, and a $38.9 million stockholders' deficit as of June 30, 2026, against $48.4 million of total liabilities.
Key figures
- Revenue
- 4166000
- Total Debt
- approximately $30.9 million ($4.5 million short-term, $24.4 million long-term including $20.7 million due to AXA, plus $2.0 million vendor financing advance)
- Revenue Yoy
- -10.5%
- Total Assets
- 9467000
- Cash Position
- 138000
- Gross Proceeds
- 12100000
- Shares Outstanding
- 26829834
- Axa Liability
- 20732000
- Restricted Cash
- 6437000
- Six Month Revenue
- 8610000
- Interest Expense Q2
- 1227000
- Six Month Revenue Yoy
- -14.5%
- Preferred Shares Sold
- 12100
- Warrants Outstanding
- 8710625
- Axa Minimum Payment2029
- 22300000
- Debenture Interest Rate
- 14%
- Negative Working Capital
- 14500000
- Preferred Price Per Share
- 1000
- Vendor Financing Advance
- 2000000
- Axa Accrued Interest Included
- 7200000
- Axa Payment From Preferred Offering
- 2450000
- Convertible Debentures Net Carrying
- 8088000
- Common Stock Equivalents Outstanding
- 11236542
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.