Marpai Q3 operating expenses down 24% YoY to $3.8M; net loss narrows to $3.5M

Marpai, Inc.

2025-Q3 EPS reported -$0.69 revenue$14,111,000

Operating expenses decreased 24% YoY from $5.0M to $3.8M for Q3 2025.
Operating loss improved 9% YoY from $3.1M to $2.8M; net loss improved 2% to $3.5M.
EPS improved by $0.10 vs prior-year quarter; company targets profitability in Q1 2026.
Completed $3.9M gross PIPE transaction with long-term shareholders; cash flow supports turnaround.
New client contracts signed for Jan 1, 2026, with double-digit growth in base business.

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