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MRAI

Marpai, Inc.

Price Chart
Latest Quote

$0.64

-0.07 (-10.36%)
Current Price
Previous Close $0.72
Open $0.64
Day High $0.64
Day Low $0.64
Volume 225
Fetched: 2026-06-24T16:26:47
Stock Information
Shares Outstanding 25.29M
Total Debt $9.05M
Cash Equivalents $201K
Revenue $17.12M
Net Income $-16.67M
Sector Healthcare
Industry Healthcare Plans
Market Cap $16.21M
EPS (TTM) $-6.93
Exchange OQX
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📊 Comprehensive Analysis
Company Data
Enterprise Value$25.07M
Sales$17.12M
Income$-16.67M
Book/sh$-1.39
Cash/sh$0.01
Employees107
Financial Ratios
Quick Ratio0.06
Current Ratio0.38
Returns & Margins
ROA-69.87%
Gross Margin23.66%
Operating Margin-55.90%
Profit Margin-97.37%
Ownership
Insider Ownership51.23%
Institutional Ownership4.07%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-1.69
P/S0.95
P/B-0.46
Analyst Data
Recommendationnone
Technical Indicators
SMA20$0.62
SMA50$0.41
SMA200$0.74
RSI63.84
ATR0.0614
Shares Float14.92M
Short Float0.24%
Short Ratio0.11
Rel Volume0.00
Performance History
Week-1.54%
Month+128.93%
Quarter+39.35%
6 Months-8.43%
YTD-4.33%
Year-49.13%
3 Years-70.54%
10 Years-96.63%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-24 $0.64 225
2026-06-23 $0.64 1,800
2026-06-22 $0.69 67,600
2026-06-18 $0.66 900
2026-06-17 $0.62 600
2026-06-16 $0.65 8,700
2026-06-15 $0.61 98,700
2026-06-12 $0.57 53,600
2026-06-11 $0.52 34,400
2026-06-10 $0.52 7,800
2026-06-09 $0.57 1,200
2026-06-08 $0.56 72,800
2026-06-05 $0.57 2,000
2026-06-04 $0.56 6,100
2026-06-03 $0.53 44,100
2026-06-02 $0.65 45,700
2026-06-01 $0.75 30,000
2026-05-29 $0.75 280,600
2026-05-28 $0.76 179,600
2026-05-27 $0.67 105,900
2026-05-26 $0.43 105,400
About Marpai, Inc.

Marpai, Inc., together with its subsidiaries, operates as a technology-driven healthcare payer company in the United States. The company provides third-party administrator and value-oriented health plan services to employers that directly pay for employee health benefits. It also offers in-house ancillary services that include clinical care management, a nurse-led guide for at-risk members across the care continuum; repricing insights, which are out-of-network claims; Marpai PACCS, a pharmacy advocacy cost containment solution that is a member-driven pharmacy savings program; and MarpaiRx, a national pharmacy benefit management program. In addition, the company provides health plan administration services, third-party vendor services, and complementary services, such as case management, actuarial, and bill review services. It serves the self-insured employer market through healthcare benefits brokers and consultants. Marpai, Inc. was incorporated in 2021 and is based in Tampa, Florida.

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Income Statement (Annual)
Metric 2023-12-31 2022-12-31 2021-12-31
Revenue
Reconciled Cost Of Revenue $22,737,533 $16,537,405 $10,189,418
Cost Of Revenue $24,239,117 $17,136,330 $10,289,578
Total Revenue $37,155,050 $24,341,874 $14,226,794
Operating Revenue $37,155,050 $24,341,874 $14,226,794
Expenses
Interest Expense $1,527,449 $266,778 $427,178
Total Expenses $63,527,968 $51,025,299 $30,088,042
Other Income Expense $-1,141,671 $-39,319 $153,591
Other Non Operating Income Expenses $488,869 $234,472 $172,513
Net Non Operating Interest Income Expense $-1,527,449 $-266,778 $-427,178
Interest Expense Non Operating $1,527,449 $266,778 $427,178
Operating Expense $39,288,851 $33,888,969 $19,798,464
Other Operating Expenses $8,306,447 $7,385,622 $3,081,986
Selling And Marketing Expense $6,596,981 $6,938,513 $4,965,209
General And Administrative Expense $19,176,895 $12,318,529 $8,055,572
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-28,751,900 $-26,468,390 $-15,984,835
Net Interest Income $-1,527,449 $-266,778 $-427,178
Normalized Income $-27,137,665 $-26,199,801 $-15,966,083
Net Income From Continuing And Discontinued Operation $-28,751,900 $-26,468,390 $-15,984,835
Total Operating Income As Reported $-27,976,983 $-26,956,855 $-15,861,248
Net Income Common Stockholders $-28,751,900 $-26,468,390 $-15,984,835
Net Income $-28,751,900 $-26,468,390 $-15,984,835
Net Income Including Noncontrolling Interests $-28,751,900 $-26,468,390 $-15,984,835
Net Income Continuous Operations $-28,751,900 $-26,468,390 $-15,984,835
Pretax Income $-29,042,038 $-26,989,522 $-16,134,835
Special Income Charges $-1,604,065 $-273,430 $0
Operating Income $-26,372,918 $-26,683,425 $-15,861,248
Depreciation Amortization Depletion Income Statement $3,896,833 $3,538,237 $1,961,733
Depreciation And Amortization In Income Statement $3,896,833 $3,538,237 $1,961,733
Gross Profit $12,915,933 $7,205,544 $3,937,216
Per Share
Diluted EPS $-4.14 $-5.24 $-6.36
Basic EPS $-4.14 $-5.24 $-6.36
Other
Tax Effect Of Unusual Items $-16,305 $-5,202 $-170
Tax Rate For Calcs $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-20,485,632 $-22,311,791 $-13,626,842
Total Unusual Items $-1,630,540 $-273,791 $-18,922
Total Unusual Items Excluding Goodwill $-1,630,540 $-273,791 $-18,922
Reconciled Depreciation $5,398,417 $4,137,162 $2,061,893
EBITDA (Bullshit earnings) $-22,116,172 $-22,585,582 $-13,645,764
EBIT $-27,514,589 $-26,722,744 $-15,707,657
Diluted Average Shares $6,951,669 $5,059,959 $2,519,123
Basic Average Shares $6,951,669 $5,059,959 $2,519,123
Diluted NI Availto Com Stockholders $-28,751,900 $-26,468,390 $-15,984,835
Tax Provision $-290,138 $-521,132 $-150,000
Gain On Sale Of Ppe $-335,106 $-273,430 $0
Gain On Sale Of Business $1,748,641 $0 -
Impairment Of Capital Assets $3,017,600 $0 -
Gain On Sale Of Security $-26,475 $-361 $-18,922
Research And Development $1,311,695 $3,708,068 $1,733,964
Selling General And Administration $25,773,876 $19,257,042 $13,020,781
Other Gand A $19,176,895 $12,318,529 $8,055,572
Fetched: 2026-02-02
Balance Sheet (Annual)
Metric 2023-12-31 2022-12-31 2021-12-31
Assets
Net Tangible Assets $-23,760,544 $-10,614,720 $15,512,948
Total Assets $31,679,014 $49,949,620 $44,201,640
Total Non Current Assets $14,594,065 $23,411,771 $17,209,633
Other Non Current Assets $21,668 $21,668 $28,333
Non Current Prepaid Assets $1,266,632 $1,293,166 $52,277
Goodwill And Other Intangible Assets $10,322,066 $16,749,045 $14,195,464
Other Intangible Assets $7,304,466 $10,911,985 $11,812,547
Current Assets $17,084,949 $26,537,849 $26,992,007
Other Current Assets $891,526 $1,601,920 $743,126
Restricted Cash $12,344,583 $9,352,608 $6,750,599
Receivables $2,702,039 $1,818,813 $315,238
Other Receivables $1,576,880 $381,027 $106,476
Accounts Receivable $1,125,159 $1,437,786 $208,762
Allowance For Doubtful Accounts Receivable $-24,617 $-23,458 $0
Gross Accounts Receivable $1,149,776 $1,461,244 $208,762
Cash Cash Equivalents And Short Term Investments $1,146,801 $13,764,508 $19,183,044
Cash And Cash Equivalents $1,146,801 $13,764,508 $19,183,044
Prepaid Assets - - $743,126
Debt
Total Debt $4,196,238 $6,083,166 $2,086,321
Long Term Debt And Capital Lease Obligation $3,683,822 $4,771,871 $1,301,828
Current Debt And Capital Lease Obligation $512,416 $1,311,295 $784,493
Liabilities
Total Liabilities Net Minority Interest $45,117,492 $43,815,295 $14,493,228
Total Non Current Liabilities Net Minority Interest $24,274,962 $26,455,451 $3,347,840
Other Non Current Liabilities $19,401,398 $20,203,700 $45,000
Non Current Deferred Liabilities $1,189,742 $1,479,880 $2,001,012
Non Current Deferred Taxes Liabilities $1,189,742 $1,479,880 $2,001,012
Current Liabilities $20,842,530 $17,359,844 $11,145,388
Other Current Liabilities $631,584 $244,029 $418,988
Current Deferred Liabilities $660,826 $288,499 $1,165,248
Payables And Accrued Expenses $17,835,559 $14,326,723 $8,298,359
Payables $4,648,837 $1,460,871 $1,129,543
Accounts Payable $4,648,837 $1,457,670 $1,125,906
Equity
Common Stock Equity $-13,438,478 $6,134,325 $29,708,412
Total Equity Gross Minority Interest $-13,438,478 $6,134,325 $29,708,412
Stockholders Equity $-13,438,478 $6,134,325 $29,708,412
Retained Earnings $-76,746,000 $-47,994,100 $-21,525,710
Other
Ordinary Shares Number $7,960,938 $5,319,758 $5,074,931
Share Issued $7,960,938 $5,319,758 $5,074,931
Tangible Book Value $-23,760,544 $-10,614,720 $15,512,948
Invested Capital $-13,438,478 $6,134,325 $29,708,412
Working Capital $-3,757,581 $9,178,005 $15,846,619
Capital Lease Obligations $4,196,238 $6,083,166 $2,086,321
Total Capitalization $-13,438,478 $6,134,325 $29,708,412
Additional Paid In Capital $63,306,726 $54,127,893 $51,232,092
Capital Stock $796 $532 $2,030
Common Stock $796 $532 $2,030
Long Term Capital Lease Obligation $3,683,822 $4,771,871 $1,301,828
Current Deferred Revenue $660,826 $288,499 $1,165,248
Current Capital Lease Obligation $512,416 $1,311,295 $784,493
Pensionand Other Post Retirement Benefit Plans Current $1,202,145 $1,433,327 $897,288
Current Accrued Expenses $13,186,722 $12,865,852 $7,168,816
Dueto Related Parties Current $0 $3,201 $3,637
Goodwill $3,017,600 $5,837,060 $2,382,917
Net PPE $2,983,699 $5,347,892 $2,933,559
Accumulated Depreciation $-150,900 $-649,745 $-295,583
Gross PPE $3,134,599 $5,997,637 $3,229,142
Leases $0 $745,453 $621,527
Other Properties $2,513,729 $4,244,485 $2,265,846
Machinery Furniture Equipment $620,870 $1,007,699 $341,769
Properties $0 $0 $0
Fetched: 2026-02-02
Cash Flow Statement (Annual)
Metric 2023-12-31 2022-12-31 2021-12-31
Free Cash Flow
Free Cash Flow $-15,749,206 $-36,204,872 $-12,535,547
Operating Activities
Operating Cash Flow $-15,749,206 $-35,239,299 $-10,795,252
Cash Flow From Continuing Operating Activities $-15,749,206 $-35,239,299 $-10,795,252
Operating Gains Losses $-1,171,982 $273,430 -
Investing Activities
Investing Cash Flow $1,026,912 $32,422,576 $9,643,740
Cash Flow From Continuing Investing Activities $1,026,912 $32,422,576 $9,643,740
Capital Expenditure Reported $0 $-602,805 $-1,463,812
Capital Expenditure - $-965,573 $-1,740,295
Net Other Investing Changes - $33,388,149 $11,384,035
Financing Activities
Issuance Of Capital Stock $6,727,112 $0 $25,378,663
Financing Cash Flow $5,096,562 $196 $25,267,223
Cash Flow From Continuing Financing Activities $5,096,562 $196 $25,267,223
Net Other Financing Charges $-1,663,168 - $-831,577
Net Common Stock Issuance $6,727,112 $0 $25,378,663
Common Stock Issuance $6,727,112 $0 $25,378,663
Other
End Cash Position $13,491,384 $23,117,116 $25,933,643
Beginning Cash Position $23,117,116 $25,933,643 $1,817,932
Changes In Cash $-9,625,732 $-2,816,527 $24,115,711
Proceeds From Stock Option Exercised $32,618 $196 $953,394
Net Business Purchase And Sale $1,000,000 $0 -
Sale Of Business $1,000,000 $0 -
Net PPE Purchase And Sale $26,912 $-362,768 $-273,433
Sale Of PPE $26,912 $0 $0
Purchase Of PPE $0 $-362,768 $-273,433
Change In Working Capital $2,343,535 $-16,063,164 $1,579,290
Change In Other Current Liabilities $-1,549,601 $-1,729,480 $-139,856
Change In Other Current Assets $0 $6,666 $-28,333
Change In Payables And Accrued Expense $3,239,434 $-14,696,740 $2,217,358
Change In Accrued Expense $51,468 $-14,875,371 $2,431,954
Change In Payable $3,187,966 $178,631 $-214,596
Change In Account Payable $3,191,167 $181,436 $25,405
Change In Prepaid Assets $736,928 $892,577 $-346,910
Change In Receivables $-83,226 $-536,187 $-122,969
Changes In Account Receivables $-105,354 $-597,051 $-131,509
Other Non Cash Items $1,606,579 $297,410 $467,608
Stock Based Compensation $2,098,683 $3,105,385 $1,230,792
Asset Impairment Charge $3,017,600 $0 -
Deferred Tax $-290,138 $-521,132 $-150,000
Deferred Income Tax $-290,138 $-521,132 $-150,000
Depreciation Amortization Depletion $5,398,417 $4,137,162 $2,061,893
Depreciation And Amortization $5,398,417 $4,137,162 $2,061,893
Amortization Cash Flow $3,556,160 $3,140,767 -
Amortization Of Intangibles $3,556,160 $3,140,767 -
Depreciation $1,842,257 $996,395 $2,061,893
Gain Loss On Investment Securities $241,553 - -
Gain Loss On Sale Of Business $-1,748,641 $0 -
Net Income From Continuing Operations $-28,751,900 $-26,468,390 $-15,984,835
Repayment Of Debt - $0 $-3,783,257
Issuance Of Debt - $0 $3,550,000
Net Issuance Payments Of Debt - $0 $-233,257
Net Short Term Debt Issuance - $0 $0
Short Term Debt Payments - $0 $-3,000,000
Short Term Debt Issuance - $0 $3,000,000
Net Long Term Debt Issuance - $0 $-233,257
Long Term Debt Payments - $0 $-783,257
Long Term Debt Issuance - $0 $550,000
Net Intangibles Purchase And Sale - $0 $-3,050
Purchase Of Intangibles - $0 $-3,050
Fetched: 2026-02-02