Spectral AI, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-4.2M | $-3.4M | $1.1M | $-3.6M | $-8.0M | $2.9M | $-7.6M | $-1.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $30.0K | $30.0K | $29.0K | $30.0K | $10.0K | $2.0K | $4.0K | $1.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $807.0K | $183.0K | $243.0K | $261.0K | $411.0K | $200.0K | $174.0K | $173.0K |
| Net Cash from Operating Activities | $-4.1M | $-3.7M | $-2.6M | $-2.5M | $-3.4M | $-1.5M | $469.0K | $-1.6M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | — | — | — | — | — | — | — |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $6.4M | $-1.0K | $7.5M | $2.5M | $-207.0K | $10.4M | $1.0M | $-1.6M |
| Net Change in Cash | $2.3M | $-3.7M | $4.9M | $-29.0K | $-3.5M | $8.9M | $1.5M | $-3.2M |
| Free Cash Flow | — | — | — | — | — | — | — | — |