Logotype for Marpai Inc

Marpai (MRAI) investor relations material

Marpai Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Marpai Inc
Q2 2025 earnings summary14 Aug, 2025

Executive summary

  • Q2 2025 net revenues were $4.7M, down 35% year-over-year, mainly due to customer turnover and strategic exits from unprofitable contracts.

  • Net loss for Q2 2025 was $4.4M, a 66% improvement from Q2 2024, driven by cost reductions and absence of impairment charges.

  • Operating expenses were reduced by 70% year-over-year, saving $9.9M as part of a turnaround strategy.

  • The company is exploring strategic alternatives, including investments, mergers, or a sale, to maximize shareholder value.

  • Transitioned stock listing from Nasdaq to OTCQX in May 2024.

Financial highlights

  • Q2 2025 revenue: $4.7M (down 35% year-over-year); six-month revenue: $10.1M (down 31%).

  • Q2 2025 net loss: $4.4M (improved from $13.0M loss in Q2 2024); six-month net loss: $7.4M (improved from $17.4M loss in 2024).

  • Operating loss was $3.6M, a 71% improvement year-over-year.

  • Net loss per share improved by $0.95 year-over-year, with Q2 2025 at $(0.28) versus $(1.23) in Q2 2024.

  • Cash and cash equivalents at June 30, 2025, were $619K, with restricted cash of $7.7M.

Outlook and guidance

  • Management estimates profitability will be achieved in Q1 2026, supported by a strong new business pipeline for January 2026.

  • Major infrastructure investment planned for Q3 2025 to enhance efficiency and client service.

  • Revenue decline reflects strategic exit from unprofitable contracts; cost of revenues increased due to investments in member engagement and system enhancements.

  • Enhancements expected to reduce costs and improve member experience, with investments tapering off in Q4.

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

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Marpai earnings date

Logotype for Marpai Inc
Q3 202511 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Marpai earnings date

Logotype for Marpai Inc
Q3 202511 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Marpai, Inc. is a technology-driven healthcare company specializing in the administration of health plans for self-insured employers. The company uses artificial intelligence (AI) and data analytics to optimize healthcare outcomes, aiming to predict and prevent costly medical events for its clients. Marpai’s platform provides services such as claims processing, plan management, and member engagement, helping employers manage healthcare costs while improving employee well-being. The company's technology is designed to offer personalized healthcare experiences, connecting members with the right care at the right time. The company is headquartered in Tampa, Florida, and its shares are listed on the NASDAQ.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage