---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-010619"
form_type: "8-K"
ticker: "MRAI"
cik: "0001844392"
company_name: "Marpai, Inc."
filed_at: "2023-03-29T23:59:59+00:00"
generated_at: "2026-06-17T11:04:41.233011+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Marpai reports FY 2022 revenue up 71% to $24.3M but net loss widens to $26.5M

## Summary
- Q4 2022 net revenue $7.6M, up 54% sequentially from Q3 2022; FY net revenue $24.3M.
- FY 2022 net loss $26.5M vs $16.0M in 2021; operating loss $27.0M vs $15.9M.
- Adjusted EBITDA for FY 2022 was negative $20.0M, compared to negative $12.7M in 2021.
- Employees covered under health plans surged to 42,107 at Dec 31, 2022 (16,357 at Sep 30, 2022), driven by Maestro Health acquisition.

## SEC filing metadata
- accession: 0000950170-23-010619
- form_type: 8-K
- ticker: MRAI
- cik: 0001844392
- company_name: Marpai, Inc.
- filed_at: 2023-03-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1844392/000095017023010619/0000950170-23-010619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844392/000095017023010619/mrai-20230329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-010619
- JSON: https://secwatch.observer/filing/0000950170-23-010619.json
- Plain text: https://secwatch.observer/filing/0000950170-23-010619.txt

## Key facts
- Earnings Releases
  Marpai, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue approximately $24.3 million, net income approximately $26.5 million.
  - Period: the fourth quarter and year ended December 31, 2022
  - Revenue: approximately $24.3 million
  - Net income: approximately $26.5 million
  - Result: reported results
  source text: Net revenues for the fourth quarter of 2022 were approximately $7.6 million, compared to net revenue of approximately $4.9 million for the third quarter of 2022, representing a sequential increase of approximately $2.7 million, or 54%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844392/000095017023010619/0000950170-23-010619-index.htm
- Earnings Releases
  Marpai, Inc. reported the fourth quarter and year ended December 31, 2022 results: revenue approximately $24.3 million, net income approximately $26.5 million.
  - Period: the fourth quarter and year ended December 31, 2022
  - Revenue: approximately $24.3 million
  - Net income: approximately $26.5 million
  - Result: reported results
  source text: Net revenues for the year ended December 31, 2022, were approximately $24.3 million compared to net revenues of approximately $14.2 million for the year ended December 31, 2021, representing an increase of approximately $10.1 million, or 71%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1844392/000095017023010619/0000950170-23-010619-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.