Spectral AI Q1 FY26 results turn to net loss of $3.4 million; revenue drops 40.5% to $4 million

• Spectral AI posted a Q1 2026 net loss of $3.4 million, or $0.11 per share, swinging from net income of $2.9 million a year earlier.
• Revenue fell 40% year over year to $4 million as completed work under BARDA Project BioShield base phase declined.
• Gross margin rose 3.6 percentage points to 50.8%.
• Cash totaled $11.7 million at March 31, down from $15.4 million at Dec. 31.
• DeepView development continued under an accelerated BARDA contract phase backed by $31.7 million in advanced funding; 2026 revenue outlook reiterated at about $18.5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spectral Ai Inc. published the original content used to generate this news brief on May 12, 2026, and is solely responsible for the information contained therein.