CARLSMED, INC.
Company Stats
- Market Cap
- $384.1M
- as of Sep 30, 2026
- Enterprise Value
- $314.0M
- Shares Outstanding
- 27.3M
- Free Float
- 43.1%
Income Statement
- Revenue
- $50.5M
- Operating Income
- -$30.6M
- Net Income
- -$29.6M
- EBITDA
- -$30.3M
Cash Flow
- Free Cash Flow
- -$29.6M
- FCF Yield
- -7.7%
- Owner FCF Yield
- -8.2%
Balance Sheet
- Cash & Equivalents
- $85.8M
- Total Debt
- $15.6M
- Net Cash
- $70.2M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $50.5M | -$29.6M | -58.6% |
| FY2024 | $27.2M | -$25.6M | -94.4% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 4, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
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