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CARL NASDAQ US

Carlsmed, Inc. - Common Stock

Health Care · Health Care Website · IPO Jul 2025
$9.73
▲ +$0.10 (+1.04%)
Vol 25K
5
Quality Score
fail
Mkt Cap
$328.4M
Margin
-72.4%
D/E
14.48
Beta
2.64
52W
$12–$17

Wall Street Consensus

11 analysts · Apr 2026
4
Strong Buy
6
Buy
1
Hold
0
Sell
0
Strong Sell
90.9%
Buy Rating

Price Chart

Earnings

Beat rate: 100.0%
Quarter EPS Est EPS Act Surprise
Dec 2025 $-0.43 $-0.32 +$0.11
Sep 2025 $-0.46 $-0.40 +$0.06

Quarterly Revenue & Earnings

Quarter 2024-0… 2024-1… 2025-0… 2025-0… 2025-0… 2025-1…
Revenue $9.4M $10.2M $12.1M $13.1M $15.2M
Net Income -$4.7M -$5.7M -$6.8M -$8.5M -$8.6M

Fundamentals Trend

Metric 2025-06-30 2025-09-02 2025-10-02 2025-11-03 2025-12-03 2026-01-02
ROE (TTM)
P/E (TTM)
Net Margin -56.0% -74.3% -72.4% -72.4%
Gross Margin 73.4% 73.9% 74.3% 74.3%
D/E Ratio 60.15 48.01 60.15 14.48 14.48
Current Ratio 4.87 6.48 4.87 12.03 12.03

Key Ratios

P/S (TTM)
5.25
EPS (TTM)
$-1.79
52W High
$17.19
52W Low
$11.55
$11.55 52-Week Range $17.19

Financial Health

Free Cash Flow
-$5.6M
Net Debt
-$68.4M
Cash
$85.8M
Total Debt
$17.4M
As of Dec 31, 2025

How does CARL compare to Health Care peers?

Peer group: Micro-cap Health Care (All) · 241 companies

CARL valuation vs Health Care peers

P/E ratio
0% below peers (30.7)
vs Peers
vs Industry
Undervalued
P/S ratio
5.3
104% above peers (2.6)
vs Peers
vs Industry
Overvalued
P/B ratio
0% below peers (2.8)
vs Peers
vs Industry
Overvalued
Div yield
0% below peers (0.7%)
vs Peers
vs Industry
Low yield

CARL profitability vs Health Care peers

ROE
0% below peers (-38.5%)
vs Peers
vs Industry
Top tier
Net margin
-72.4%
193% below peers (-24.7%)
vs Peers
vs Industry
Weak
Gross margin
74.4%
40% above peers (52.9%)
vs Peers
vs Industry
Top tier
ROA
0% below peers (-21.2%)
vs Peers
vs Industry
Top tier

CARL financial health vs Health Care peers

D/E ratio
14.5
25% below peers (19.3)
vs Peers
vs Industry
Above avg
Current ratio
12.0
457% above peers (2.2)
vs Peers
vs Industry
Strong liquidity
Beta
2.6
152% above peers (1.1)
vs Peers
vs Industry
More volatile

CARL fundamentals radar

CARL Peer median Industry

CARL profitability vs leverage

Bubble size = market cap · X = net margin · Y = D/E ratio

CARL vs peers: key metrics