Spectral AI (MDAI) reported second-quarter 2026 research and development revenue of $3.5 million, down from $5.1 million a year earlier. Net loss was $4.2 million, or $0.13 per basic and diluted share, compared with a net loss of $8.0 million, or $0.31 per basic and diluted share.
The company said it received FDA clearance in May 2026 for the DeepView System for Burn Indication and remains focused on first commercial sales in the U.S. by year end 2026. Cash and cash equivalents were $14.0 million as of June 30, 2026.
- Q2 2026 research and development revenue was $3.5 million, compared with $5.1 million in Q2 2025.
- Q2 2026 net loss was $4.2 million, compared with $8.0 million a year earlier.
- Gross margin was 31.6%, down from 45.2%.
- Operating expenses rose 23.2% to $5.4 million.
- The company reiterated 2026 revenue guidance of approximately $18.5 million.
- Spectral AI drew $6.5 million under its Avenue Capital Group credit facility after FDA clearance.
$MDAIW Hedge Fund Activity
We have seen 1 institutional investors add shares of $MDAIW stock to their portfolio, and 4 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- TPG GP A, LLC added 74,999 shares (+inf%) to their portfolio in Q1 2026, for an estimated $41,991
- CLEAR STREET GROUP INC. removed 51,848 shares (-18.2%) from their portfolio in Q2 2026, for an estimated $28,775
- BANK OF AMERICA CORP /DE/ removed 5,941 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $3,326
- WOLVERINE ASSET MANAGEMENT LLC removed 3,356 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,879
- UBS GROUP AG removed 200 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $111
- LONGFELLOW INVESTMENT MANAGEMENT CO LLC added 0 shares (+0.0%) to their portfolio in Q2 2026, for an estimated $0
- MOORE CAPITAL MANAGEMENT, LP added 0 shares (+0.0%) to their portfolio in Q1 2026, for an estimated $0
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
