Carlsmed, Inc. (CARL)

Nasdaq · Healthcare · Health Information Services

$15.30+7.22%as of Oct 6, 2026, 1:35 AM ET

Market cap
$418M
52-week range
$8.50 – $17.23
52-week change
−1.45%
EPS (trailing)
−$1.16
Analyst rating
1.4 Strong buy
Next earnings
Nov 5, 2026

Fiscal year to Dec 2025

Revenue
$50.5M (+85.94%)
Net income
−$29.6M
Operating margin
−60.5%
Diluted EPS
−$2.12
Free cash flow
−$29.6M

From the company’s annual report on SEC EDGAR.

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.

Headquarters: Carlsbad, United States · 127 employees · carlsmed.com