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CARLSMED, INC.

CARL

Companies in Surgical & Medical Instruments & Apparatus

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Financial Statements

Values in Millions ($)
2026-03-31
2025-12-31
2025-09-30
2025-06-30
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Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
738611533
Restricted Cash Current
0000
Short Term Investments
2424--
Accounts Receivable Net Current
12111110
Inventory Net
2211
Prepaid Expense And Other Assets Current
4432
Assets Current
11512713146
Property Plant And Equipment Net
2111
Operating Lease Right Of Use Asset
2222
Other Assets Noncurrent
0004
Assets
11913013553
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current
3433
Accrued Liabilities Current
3333
Accrued Employee Benefits Current
3643
Operating Lease Liability Current
1111
Liabilities Current
1014119
Long Term Debt
15151515
Operating Lease Liability Noncurrent
1122
Other Liabilities Noncurrent
0000
Liabilities
27312828
Stockholders Equity
Preferred Stock Value
-00-
Common Stock Value
0000
Additional Paid In Capital
2022001991
Retained Earnings Accumulated Deficit
-110-101-92-84
Stockholders Equity
9299107-83
Liabilities And Stockholders Equity
11913013553
Series A Convertible Preferred Stock
-000
Series B Convertible Preferred Stock
-000
Series C Convertible Preferred Stock
-000
Allowance For Doubtful Accounts Receivable Current
22-2
Preferred Stock Par Or Stated Value Per Share
000-
Preferred Stock Shares Authorized
101010-
Preferred Stock Shares Issued
000-
Preferred Stock Shares Outstanding
000-
Common Stock Par Or Stated Value Per Share
0000
Common Stock Shares Authorized
600600600592
Common Stock Shares Issued
27272723
Shares Outstanding
27272723

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
202628.03%31.84%----------
2025---3.36%-1.02%-4.24%36.92%15.31%11.27%-20.46%-12.58%-12.34%

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Performance and Valuation Metrics

Metrics
2026-03-31
2025-12-31
2025-09-30
2025-06-30
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Liquidity Ratios
Current Ratio
11.88
8.87
12.03
4.87
Quick Ratio
11.26
8.49
11.60
4.56
Working Capital
105.69M
112.39M
120.54M
36.71M
Leverage & Debt
Debt to Equity
0.29
0.32
0.26
-0.33
Interest Coverage TTM
-22.89
-
-
-
Debt Ratio
0.22
0.24
0.21
0.52
Efficiency & Turnover
Asset Turnover TTM
0.56
-
-
-
Days Sales Outstanding TTM
67.21
-
-
-
Receivables Turnover TTM
5.43
-
-
-
Per Share Metrics
Diluted EPS TTM
-1.43
-
-
-
Free Cash Flow Per Share TTM
-1.59
-
-
-
Dividend Per Share TTM
0.00
-
-
-
Margin Metrics
Gross Profit Margin TTM
75.74%
-
-
-
Operating Profit Margin TTM
-59.81%
-
-
-
Net Profit Margin TTM
-57.53%
-
-
-
Valuation Metrics
P/E TTM
-6.34
-
-
-
P/B TTM
2.63
3.55
2.65
-
P/S TTM
3.65
-
-
-
Market Cap
242.86M
351.28M
282.28M
-
Enterprise Value
185.21M
280.84M
182.35M
-
Calculated Values
Free Cash Flow TTM
-42.71M
-
-
-
Net Debt
-57.65M
-70.45M
-99.93M
-18.04M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-03-02Sale
Owner: Cordonnier, Michael
Title: CEO, President
Shares: 197,855
Price/Share: $13.29
Value: $2,629,492.95
Shares Owned: 1,356,646
Relationship: Director,Officer
Ownership: Direct
2025-07-24Purchase
Owner: Root, Jonathan D
Title: -
Shares: 466,666
Price/Share: $15.00
Value: $6,999,990.00
Shares Owned: 483,999
Relationship: Director
Ownership: Direct
2025-07-24Purchase
Owner: B, Capital Healthcare I, …
Title: -
Shares: 1,333,333
Price/Share: $15.00
Value: $19,999,995.00
Shares Owned: 5,013,839
Relationship: TenPercentOwner
Ownership: Indirect
2025-07-24Purchase
Owner: Young, Philip M
Title: -
Shares: 59,999
Price/Share: $15.00
Value: $899,985.00
Shares Owned: 53,333
Relationship: Director
Ownership: Indirect
2025-07-24Purchase
Owner: Sidow, Kevin
Title: -
Shares: 13,333
Price/Share: $15.00
Value: $199,995.00
Shares Owned: 59,566
Relationship: Director
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
19.69%
Inst. Shares: 5,284,638
Shares Outstanding: 26,835,841
2025-12-31
16.30%
Inst. Shares: 4,636,647
Shares Outstanding: 28,443,982
2025-09-30
21.89%
Inst. Shares: 4,614,634
Shares Outstanding: 21,081,330

CARLSMED, INC. (CARL) — SEC Financial Statements & Analysis

CARLSMED, INC. (CARL) is a surgical & medical instruments & apparatus company, incorporated in DE. CARLSMED, INC. trades on Nasdaq as: CARL. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), CARLSMED, INC. reported a Gross Profit Margin of 75.74% (TTM), a Debt-to-Equity ratio of 0.29x, a Price-to-Sales (P/S) ratio of 3.65x (TTM), a Price-to-Book (P/B) ratio of 2.63 (TTM), at a market cap of $242.86M. Figures below are sourced from SEC EDGAR, as-filed.

Gross Profit Margin TTM
75.74%
Debt To Equity
0.29x
P/S TTM
3.65x
P/B TTM
2.63
Market Cap
$242.86M

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is CARLSMED, INC. in?

CARLSMED, INC. (CARL) operates in the Surgical & Medical Instruments & Apparatus industry.

What is CARL's market cap?

CARLSMED, INC. (CARL) has a market capitalization of $242.86M as of 2026-03-31.

What exchange does CARL trade on?

CARLSMED, INC. (CARL) trades on the Nasdaq.

Where is CARLSMED, INC. incorporated?

CARLSMED, INC. is incorporated in DE.

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CARLSMED, INC. (CARL) financial data sourced directly from SEC EDGAR filings — including the latest 10-K annual report, 10-Q quarterly filings, insider transactions (SEC Form 4), institutional ownership (SEC Form 13F), Earning Marker Reaction Heat Map and 90+ calculated financial metrics like Price to Earnings Ratio (P/E), Return on Equity (ROE), Debt to Equity (D/E), Free Cash Flow Per Share (FCF/S), and Return on Invested Capital (ROIC). Unlike platforms that rely on third-party data aggregators, GeminIQ parses raw SEC filings directly — delivering institutional-grade accuracy at a fraction of the cost of Bloomberg Terminal or S&P Capital IQ.