Marpai Inc (MRAI) - Net Assets
Based on the latest financial reports, Marpai Inc (MRAI) has net assets worth $-33.35 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($12.75 Million) and total liabilities ($46.10 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Marpai Inc total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-33.35 Million |
| % of Total Assets | -261.48% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 119.86 |
Marpai Inc - Net Assets Trend (2019–2024)
This chart illustrates how Marpai Inc's net assets have evolved over time, based on quarterly financial data. Also explore MRAI current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Marpai Inc (2019–2024)
The table below shows the annual net assets of Marpai Inc from 2019 to 2024. For live valuation and market cap data, see Marpai Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-27.71 Million | -106.19% |
| 2023-12-31 | $-13.44 Million | -319.08% |
| 2022-12-31 | $6.13 Million | -79.35% |
| 2021-12-31 | $29.71 Million | +949.68% |
| 2020-12-31 | $-3.50 Million | -300.45% |
| 2019-12-31 | $-873.14K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marpai Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 9716110900.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.00K | % |
| Other Components | $71.12 Million | % |
| Total Equity | $-27.71 Million | 100.00% |
Marpai Inc Competitors by Market Cap
The table below lists competitors of Marpai Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wildsky Resources Inc
V:WSK
|
$6.70 Million |
|
Tempo Inti Media Tbk
JK:TMPO
|
$6.70 Million |
|
Me Group International PLC
LSE:MEGP
|
$6.70 Million |
|
Transocean Holdings Bhd
KLSE:7218
|
$6.70 Million |
|
Professional Diversity Network Inc
NASDAQ:IPDN
|
$6.68 Million |
|
Avenir Telecom S.A
PA:AVT
|
$6.68 Million |
|
Organoclick AB
ST:ORGC
|
$6.68 Million |
|
Fidelity Minerals Corp
V:FMN
|
$6.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marpai Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -13,438,478 to -27,709,000, a change of -14,270,522.
- Net loss of 22,088,000 reduced equity.
- Other factors increased equity by 7,817,478.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-22.09 Million | -79.71% |
| Other Changes | $7.82 Million | +28.21% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Marpai Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-0.17 | $0.28 | x |
| 2020-12-31 | $-0.70 | $0.28 | x |
| 2021-12-31 | $5.85 | $0.28 | x |
| 2022-12-31 | $1.21 | $0.28 | x |
| 2023-12-31 | $-1.93 | $0.28 | x |
| 2024-12-31 | $-2.41 | $0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marpai Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -78.40%
- • Asset Turnover: 2.19x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-80.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.59 Million |
| 2020 | 0.00% | -125.02% | 0.54x | 0.00x | $-4.07 Million |
| 2021 | -53.81% | -112.36% | 0.32x | 1.49x | $-18.96 Million |
| 2022 | -431.51% | -108.74% | 0.49x | 8.14x | $-27.08 Million |
| 2023 | 0.00% | -77.38% | 1.17x | 0.00x | $-27.41 Million |
| 2024 | 0.00% | -78.40% | 2.19x | 0.00x | $-19.32 Million |
Industry Comparison
This section compares Marpai Inc's net assets metrics with peer companies in the Healthcare Plans industry.
Industry Context
- Industry: Healthcare Plans
- Average net assets among peers: $5,791,078,667
- Average return on equity (ROE) among peers: 3.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marpai Inc (MRAI) | $-33.35 Million | 0.00% | N/A | $6.69 Million |
| Alignment Healthcare LLC (ALHC) | $179.28 Million | -0.40% | 4.94x | $3.34 Billion |
| Cigna Corp (CI) | $4.62 Billion | 11.57% | 9.81x | $75.41 Billion |
| Clover Health Investments Corp (CLOV) | $308.70 Million | -27.71% | 0.75x | $1.53 Billion |
| Centene Corp (CNC) | $501.27 Million | 16.66% | 1.89x | $29.04 Billion |
| CVS Health Corp (CVS) | $4.57 Billion | 9.05% | 0.89x | $101.04 Billion |
| Elevance Health Inc (ELV) | $24.99 Billion | 9.86% | 1.06x | $63.54 Billion |
| Humana Inc (HUM) | $16.45 Billion | 7.34% | 1.82x | $32.93 Billion |
| Molina Healthcare Inc (MOH) | $755.07 Million | 2.76% | 1.19x | $6.97 Billion |
| NeueHealth Inc (NEUE) | $-254.62 Million | 0.00% | 0.00x | $60.94 Million |
About Marpai Inc
Marpai, Inc., together with its subsidiaries, operates as a technology-driven healthcare payer company in the United States. The company offers third-party administrator and value-oriented health plan services to employers that directly pay for employee health benefits. It also provides in-house ancillary services that include clinical care management, a nurse-led guide for at-risk members across… Read more