This article first appeared on GuruFocus.

Spectral AI Inc (NASDAQ:MDAI) is set to release its Q3 2025 earnings on Nov 11, 2025. The consensus estimate for Q3 2025 revenue is $5.06 million, and the earnings are expected to come in at -$0.08 per share. The full year 2025's revenue is expected to be $21.51 million and the earnings are expected to be -$0.30 per share. More detailed estimate data can be found on the Forecast page.

Warning! GuruFocus has detected 3 Warning Signs with MDAI.

Is MDAI fairly valued? Test your thesis with our free DCF calculator.

Revenue estimates for Spectral AI Inc (NASDAQ:MDAI) have declined from $21.80 million to $21.51 million for the full year 2025 and increased from $25.22 million to $34.42 million for 2026 over the past 90 days. Earnings estimates have declined from -$0.14 per share to -$0.30 per share for the full year 2025 and remained flat at -$0.50 per share for 2026 over the same period.

In the previous quarter of 2025-06-30, Spectral AI Inc's (NASDAQ:MDAI) actual revenue was $5.07 million, which missed analysts' revenue expectations of $5.50 million by -7.93%. Spectral AI Inc's (NASDAQ:MDAI) actual earnings were -$0.31 per share, which missed analysts' earnings expectations of -$0.07 per share by -324.66%. After releasing the results, Spectral AI Inc (NASDAQ:MDAI) was down by -5.51% in one day.

Based on the one-year price targets offered by 4 analysts, the average target price for Spectral AI Inc (NASDAQ:MDAI) is $4.86 with a high estimate of $7.45 and a low estimate of $3.50. The average target implies an upside of 150.64% from the current price of $1.94.

Based on GuruFocus estimates, the estimated GF Value for Spectral AI Inc (NASDAQ:MDAI) in one year is $0, suggesting a downside of -100% from the current price of $1.94.

Based on the consensus recommendation from 3 brokerage firms, Spectral AI Inc's (NASDAQ:MDAI) average brokerage recommendation is currently 1.7, indicating an \\"Outperform\\" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.