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Carlsmed, Inc. CARL Operating Income

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Other financials

Income statement

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Revenue$18.9M+56.7%
Gross profit$14.5M+64.0%
Net income-$10.5M-55.3%
EPS (diluted)-$0.39+73.5%

Balance sheet

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Cash & equivalents$46.2M+38.2%
Total debt$21.9M+23.8%
Total equity$84.2M+201%
Total assets$118.2M+122%

Cash flow

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Operating cash flow-$7.4M-4.5%
CapEx$121.0K-63.0%
Free cash flow-$7.5M-1.5%

Valuation

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Market cap$377.32M+11.9%
Enterprise value$353M
P/S

Profitability

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Gross margin76.6%+2.6pp
Operating margin-61.1%-3.1pp
Net margin-57.4%-6.2pp
FCF margin-54.6%-10.6pp

Returns & leverage

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Return on equity-6,196.9%
Debt / equity0.3×
Current ratio8.8×+4.0×

Where this comes from

Reported directly by Carlsmed, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Carlsmed, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001794546-26-000016
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Sales and marketing11,9207,86922,21714,608
General and administrative7,6183,34213,8446,808
Total operating expenses25,57815,37147,27928,726
Loss from operations(11,036)(6,502)(20,312)(12,221)
Other income (expense):
Interest expense(313)(363)(624)(720)
Interest income8393361,730716
Change in fair value of warrant liabilities(237)(270)

Item 1. Financial Statements.

FAQ

What is Carlsmed, Inc.'s operating income?
Carlsmed, Inc. (CARL) reported operating income of -$11.04M in Q2 2026.
How has Carlsmed, Inc.'s operating income changed year-over-year?
Carlsmed, Inc.'s operating income decreased by 69.7% year-over-year, from -$6.5M to -$11.04M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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