Spectral AI shares outstanding MDAI
Diluted shares outstanding, averaged over each quarter, from 2021.
- Latest quarter, to Jun 30, 2026
- 32.1M
- On a year earlier
- +26.2%
- more shares
Spectral AI had 32.1M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 26.2% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 30.6M | +55% |
| FY2024 | 19.7M | +22% |
| FY2023 | 16.1M | +22% |
| FY2022 | 13.2M | −48% |
| FY2021 | 25.3M | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 32.1M | +26% | |
| Q1 FY26 | 31.8M | +32% | |
| Q4 FY25 | 30.6M | +55% | |
| Q3 FY25 | 26.3M | +47% | |
| Q2 FY25 | 25.4M | +44% | |
| Q1 FY25 | 24M | +45% | |
| Q4 FY24 | 19.7M | +22% | |
| Q3 FY24 | 17.9M | +29% | |
| Q2 FY24 | 17.6M | +33% | |
| Q1 FY24 | 16.6M | +26% | |
| Q4 FY23 | 16.1M | +22% | |
| Q3 FY23 | 13.8M | +5% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Spectral AI
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.