---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-109369"
form_type: "8-K"
ticker: "MRAI"
cik: "0001844392"
company_name: "Marpai, Inc."
filed_at: "2025-11-12T23:59:59+00:00"
generated_at: "2026-05-16T21:32:02.383103+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-109369
- form_type: 8-K
- ticker: MRAI
- cik: 0001844392
- company_name: Marpai, Inc.
- filed_at: 2025-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1844392/000121390025109369/0001213900-25-109369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1844392/000121390025109369/ea0265410-8k_marpai.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-109369
- JSON: https://secwatch.observer/filing/0001213900-25-109369.json
- Plain text: https://secwatch.observer/filing/0001213900-25-109369.txt

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