Carlsmed, Inc. (CARL) — Financial statements

Income statement, balance sheet, and cash flow for Carlsmed, Inc. — annual and quarterly history with growth and margin analysis.

Metric (USD Millions)	2025
Revenue & Gross Profit
Revenue	51
Cost of Revenue	12
Gross Profit	38
Operating Expenses
R&D Expenses	17
General & Administrative Expenses	17
Selling & Marketing Expenses	35
SG&A Expenses	52
Other Expenses	0.00
Operating Expenses	69
Total Costs & Expenses	81
Operating Results
Operating Income	-31
Depreciation & Amortization	0.28
EBITDA	-29
EBIT	-29
Interest & Other Income
Net Interest Income	1
Interest Income	3
Interest Expense	1
Non-Operating Income	-2
Other Income / Expenses	0.36
Income Before Tax	-30
Income Tax Expense	0.00
Net Income & EPS
Net Income from Continuing Operations	-30
Net Income from Discontinued Operations	0.00
Net Income	-30
Bottom-Line Net Income	-30
EPS (Basic)	-2.12
EPS (Diluted)	-2.12
Weighted Average Shares	14
Weighted Average Diluted Shares	14

* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.

Income statement, balance sheet, and cash flow for Carlsmed, Inc. — annual and quarterly history with growth and margin analysis.

Metric (USD Millions)	2025
Revenue & Gross Profit
Revenue	51
Cost of Revenue	12
Gross Profit	38
Operating Expenses
R&D Expenses	17
General & Administrative Expenses	17
Selling & Marketing Expenses	35
SG&A Expenses	52
Other Expenses	0.00
Operating Expenses	69
Total Costs & Expenses	81
Operating Results
Operating Income	-31
Depreciation & Amortization	0.28
EBITDA	-29
EBIT	-29
Interest & Other Income
Net Interest Income	1
Interest Income	3
Interest Expense	1
Non-Operating Income	-2
Other Income / Expenses	0.36
Income Before Tax	-30
Income Tax Expense	0.00
Net Income & EPS
Net Income from Continuing Operations	-30
Net Income from Discontinued Operations	0.00
Net Income	-30
Bottom-Line Net Income	-30
EPS (Basic)	-2.12
EPS (Diluted)	-2.12
Weighted Average Shares	14
Weighted Average Diluted Shares	14

* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.