Marpai
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Marpai (MRAI) investor relations material

Marpai Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary13 Aug, 2026

Executive summary

  • Revenue for Q2 2026 was $4.2M, down 10.5% year-over-year, primarily due to customer turnover.

  • Net loss for Q2 2026 was $4.6M, a 4.9% increase from Q2 2025; net loss for the first half of 2026 was $7.8M.

  • The company continues to focus on technology-driven TPA services for self-insured employers and is adapting to evolving market needs.

Financial highlights

  • Q2 2026 revenue: $4.2M (Q2 2025: $4.7M); H1 2026 revenue: $8.6M (H1 2025: $10.1M).

  • Q2 2026 operating loss: $3.4M; H1 2026 operating loss: $5.9M.

  • Q2 2026 net loss per share: $(0.18); H1 2026 net loss per share: $(0.31).

  • Cost of revenue decreased year-over-year, reflecting lower sales volume.

  • Interest expense increased due to non-cash adjustments related to the AXA obligation.

Outlook and guidance

  • Management projects the need for additional capital to fund operations until revenue scales to self-sufficiency.

  • Ongoing evaluation of funding alternatives, including equity, debt, or asset sales.

  • Substantial doubt exists about the company's ability to continue as a going concern over the next 12 months.

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