Marpai(OTC) MRAI

Marpai helps employers manage health benefits for their workers. Its services aim to lower healthcare costs and improve care quality. The company uses technology to predict and prevent costly medical events for employees.

Products and Services

• Health Plan Administration: Manages self-insured employer health plans, including claims processing and member support.
• Care Management: Offers nurse-led guidance to help employees navigate complex medical needs.
• Pharmacy Benefit Management: Provides transparent drug pricing and rebate disclosure through MarpaiRx.
• Cost Containment: Uses analytics to identify and reduce unnecessary or overpriced care.
• Digital Tools: myMarpai app helps members track benefits and access support easily.

Growth and Expansion

• Consolidated claims processing onto a single cloud-based platform in 2026 for efficiency.
• Raised capital through multiple private placements in 2025, including insider participation.
• Restructured operations in 2026, reducing workforce and software contracts to cut costs.

What Makes Marpai Stand Out

Marpai focuses on small and mid-sized employers seeking control over healthcare costs. Its technology-driven approach uses data to guide care and reduce waste. The company’s integrated platform aims to streamline administration and improve member experience.

Five Things You Need to Know

• Revenue was $18.1 million in 2025, down 36% from 2024.
• Net loss was $16.6 million in 2025, improved from $22.1 million in 2024.
• Customer attrition reached 28% in 2025, impacting revenue stability.
• Short-term debt was $11.0 million and long-term debt $17.2 million at 2025 year-end.
• Auditor raised substantial doubt about Marpai’s ability to continue as a going concern in 2025.

Bottom Line

Marpai has shifted toward technology-driven healthcare administration for self-insured employers. The company faces financial challenges but continues to adapt its business model and operations.