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Companies/Carlsmed, Inc.
Company profile

Carlsmed, Inc.

NASDAQ: CARL · Healthcare · Medical - Devices
PublicHQ Carlsbad, CA · San DiegoCIK 0001794546Reports USD
#432 of 1,394 Healthcare companies by revenuetop-quartile growth
EA Score
43D
FH 63DQ 11GM —SS 47
v0.1 · 55/100 weight · provisional
↑ Altman-Z, revenue growth (YoY) · ↓ disclosure history, listing tenure
Methodology →
Revenue TTM
$56.4M
Rev growth YoY (TTM)
+74.9%
Net income (FY)
-$29.6M
Employees
127
Market cap
$308.3M
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$50.5M$50.5M2025
Net income-$29.6M-$29.6M2025
Operating income-$30.6M-$30.6M2025
Total assets$130.1M$130.1M2025
Liabilities$31.3M$31.3M2025
Equity$98.9M$98.9M2025

Revenue by segment

No segmentation disclosed for this filer. n/a

The read

Carlsmed, Inc. booked $50.5M in FY2025 revenue, growing 86% year over year — faster than most Healthcare companies we track, at a -58.7% net margin.

Peers · Healthcare
Neumora Therapeutics, Inc. Common Stock——Alpha Teknova, Inc.57CFennec Pharmaceuticals Inc.61CCartesian Therapeutics, Inc.40D
Neighbors
San Diego →
QUALCOMM Incorporated$44.3B79B+Sempra$12.4B64CRealty Income Corporation$5.7B59CResMed Inc.$5.1B88AIllumina, Inc.$4.3B84B+DexCom, Inc.$4.7B87A
Key facts
CEOMichael Cordonnier
SectorHealthcare
IndustryMedical - Devices
HeadquartersCarlsbad, CA
ExchangeNASDAQ: CARL
Employees127
IPO date2025-07-23
Latest filings
8-K2026-06-0310-Q2026-05-058-K2026-05-05DEF 14A2026-04-2210-K2026-02-258-K2026-02-258-K2026-01-1210-Q2025-11-06
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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