CARLSMED, INC.
CARL· Nasdaq· Surgical & Medical Instruments & Apparatus
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -58.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- –
We record prices for the companies we cover; CARL is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 14.2M
- Revenue
- $50.5M
- Free cash flow
- -$29.6M
- Owner earnings
- -$31.5M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- 75.3%
- Operating
- -60.5%
- Net
- -58.7%
- Free cash flow
- -58.6%
- Owner earnings
- -62.5%
- Stock pay
- 3.8%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -30.0%
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- –
- Revenue, 5 yr
- –
- Revenue, 1 yr
- 85.9%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 1 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 1 yr
- –
Financial health · FY2025
- Cash and investments
- $109.8M
- Total debt
- $15.3M
- Net cash
- $94.4M
- Debt/Equity
- 0.2x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Every figure, year by year
| Fiscal year | FY2024 | FY2025 |
|---|---|---|
| The business | ||
| Revenue | $27.2M | $50.5M |
| Revenue growth | – | 85.9% |
| Gross margin | 73.8% | 75.3% |
| Operating margin | -88.8% | -60.5% |
| Net income | -$24.3M | -$29.6M |
| Net margin | -89.3% | -58.7% |
| Diluted EPS | $-6.11 | $-2.12 |
| Return on invested capital? | – | – |
| Cash | ||
| Operating cash flow | -$25.5M | -$29.0M |
| Capital expenditure | $180.0K | $642.0K |
| Free cash flow | -$25.6M | -$29.6M |
| Stock-based compensation | $253.0K | $1.9M |
| Owner earnings? | -$25.9M | -$31.5M |
| Free cash flow per share | $-6.31 | $-2.08 |
| Capital allocation | ||
| Dividends paid | – | – |
| Share repurchases | – | – |
| Diluted shares | 4.1M | 14.2M |
| Share count change? | – | 249.7% |
| Balance sheet | ||
| Cash and equivalents | $40.1M | $85.8M |
| Short-term investments | $0 | $24.0M |
| Total debt | $15.4M | $15.3M |
| Net debt | -$24.7M | -$94.4M |
| Shareholders' equity | -$70.6M | $98.9M |
Latest filings
| 2026-08-05 | 10-Q | Quarterly report |
| 2026-08-05 | 8-K | Earnings release |
| 2026-05-05 | 10-Q | Quarterly report |
| 2026-05-05 | 8-K | Earnings release |
| 2026-04-22 | DEF 14A | Proxy statement |
| 2026-02-25 | 10-K | Annual report |
| 2026-02-25 | 8-K | Earnings release |
| 2026-01-12 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-11-06 | 8-K | Earnings release |
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