Marpai annual net debt
2020
2021
2022
2023
2024
2025
Marpai Net Debt Growth & History (MRAI)
Marpai's net debt was $31.1M for fiscal 2025.
View full Marpai company overviewMarpai annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $31.1M | $18.8M | +152.64% |
| 2024 | 2024-12-31 | $12.3M | −$10.8M | −46.66% |
| 2023 | 2023-12-31 | $23.0M | $10.5M | +84.06% |
| 2022 | 2022-12-31 | $12.5M | $29.6M | — |
| 2021 | 2021-12-31 | −$17.1M | −$17.6M | — |
| 2020 | 2020-12-31 | $491,405 | — | — |
Marpai quarterly net debt
Q4.20
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $25.8M | $7.0M | +37.01% |
| Q1 2026 | 2026-03-31 | $30.7M | $12.4M | +67.75% |
| Q4 2025 | 2025-12-31 | $31.1M | $18.8M | +152.64% |
| Q3 2025 | 2025-09-30 | $19.4M | $12.3M | +174.31% |
| Q2 2025 | 2025-06-30 | $18.8M | $10.4M | +123.68% |
| Q1 2025 | 2025-03-31 | $18.3M | −$4.6M | −20.14% |
| Q4 2024 | 2024-12-31 | $12.3M | −$10.8M | −46.66% |
| Q3 2024 | 2024-09-30 | $7.1M | −$13.4M | −65.56% |
| Q2 2024 | 2024-06-30 | $8.4M | −$6.3M | −42.88% |
| Q1 2024 | 2024-03-31 | $22.9M | $2.8M | +13.76% |
| Q4 2023 | 2023-12-31 | $23.0M | $10.5M | +84.06% |
| Q3 2023 | 2023-09-30 | $20.5M | $23.7M | — |
| Q2 2023 | 2023-06-30 | $14.7M | $22.0M | — |
| Q1 2023 | 2023-03-31 | $20.1M | $32.3M | — |
| Q4 2022 | 2022-12-31 | $12.5M | $29.6M | — |
| Q3 2022 | 2022-09-30 | −$3.2M | −$11.6M | — |
| Q2 2022 | 2022-06-30 | −$7.3M | — | — |
| Q1 2022 | 2022-03-31 | −$12.1M | — | — |
| Q4 2021 | 2021-12-31 | −$17.1M | −$17.6M | — |
| Q3 2021 | 2021-09-30 | $8.4M | — | — |
| Q4 2020 | 2020-12-31 | $491,405 | — | — |
Marpai net debt trends
Over the last five fiscal years, Marpai's net debt increased from $491,405 to $31.1M, a change of $30.6M. The latest reported quarter, Q2 2026, shows $25.8M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Marpai source filings ↗