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StockVS

NASDAQ · Health Information Services · USD

Carlsmed, Inc. (CARL) Stock Analysis

Carlsmed, Inc. (CARL) is a Health Information Services stock listed on NASDAQ and quoted in US Dollar.

CARL

$15.60

+$0.08 (+0.52%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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CARL Key Statistics

As of Sep 4, 2026
Trading
Open
$15.38
Previous Close
$15.52
Day's Range
15.38–15.88
52-Week Range
8.50–17.23
Volume
46.70K
Valuation
Market Cap
$425.92M
P/E Ratio
unprofitable
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
6.73
EPS (ttm)Profit attributable to each share over the last twelve months.
−2.35
Financials (FY)
Revenue (FY)
$50.51M+85.94%
Net Income (FY)
−$29.63M
Profit marginThe share of revenue left as profit after all costs and taxes.
−57.42%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
27.30M
1-Year Return
+20.84%
Dividend and dates
Earnings Date
November 5, 2026estimated
Avg Volume
147.04K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

CARL Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+26.32%
2025 (partial year)−14.83%

As of September 4, 2026.

CARL Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$50.51M−$29.63M−58.7%
2024$27.17M−$24.26M−89.3%
2023$13.78M−$18.90M−137.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$50.51M$38.04M−$30.57M−$29.63M−58.7%
2024$27.17M$20.05M−$24.12M−$24.26M−89.3%
2023$13.78M$9.90M−$18.59M−$18.90M−137.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

CARL Valuation vs Health Information Services Median

Median of 53 stocks
MetricCARLHealth Information Services medianvs median
P/S ratio6.732.66153% above
Profit margin−57.42%0.00%57.4 pts below

Medians across 53 Health Information Services stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Carlsmed, Inc. (CARL) carries a market capitalisation of $425.92M. It is classified in the Health Information Services industry, within the Healthcare sector. The company reports 127 employees.

The most recent close on file for CARL is $15.60, dated September 4, 2026. That is +$0.08 (+0.52%) against the previous close. The 52-week range on file runs from $8.50 to $17.23. The latest close sits 83.53% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $50.51M. Against the prior fiscal year total of $27.17M, that is a change of +85.94%. The same year closed with a net loss of $29.63M. The reported profit margin is −57.42%. That is 57.4 percentage points below the Health Information Services median of 0%. Earnings per share on a trailing basis come to −2.35.

Across the 3 fiscal years on file, revenue moves from $13.78M in 2023 to $50.51M in 2025. Of those 3 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. Measured against sales, the shares trade at 6.73 times revenue. On price-to-sales that is 153.09% above the Health Information Services median of 2.66. 53 Health Information Services companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +20.84%. Daily returns over the trailing 1 year annualize to a volatility of 72.81%.

Growth & Income

No dividend is on file for CARL.

So far in 2026 the price is +26.32%.

Peer Comparison

Carlsmed, Inc. (CARL) operates in the Health Information Services industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Carlsmed, Inc. CARL $425.92M —
Veeva Systems Inc. VEEV $44.54B 45.0
BrightSpring Health Services, Inc. BTSG $12.02B 54.7
Tempus AI, Inc. TEM $11.66B —

The Health Information Services industry average P/E ratio is 41.1x. Carlsmed, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Carlsmed, Inc.

Carlsmed, Inc., a commercial-stage medical technology company, designs, manufactures, and markets AI-enabled personalized spine surgery solutions. The company develops aprevo, a comprehensive technology platform for spine fusion surgery procedures. Its aprevo platform includes proprietary surgical planning software, using outcomes-based algorithms that are aided with artificial intelligence, and resulting custom-built, anatomically designed vertebral interbody implants. The company was incorporated in 2018 and is based in Carlsbad, California.

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