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Carlsmed, Inc. CARL Operating margin

Operating margin at other companies

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21.4%+6.2pp
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Orthofix Medical Inc.OFIX
-4.8%-1.8pp
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20.3%+9.6pp
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-7.7%-3.0pp
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MedtronicMDT
17.8%0.0pp

Other financials

Income statement

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Revenue$18.9M+56.7%
Gross profit$14.5M+64.0%
Operating income-$11.0M-69.7%
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
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

Calculated from Carlsmed, Inc.’s reported figures.

Based on trailing twelve months.

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

Filed
Aug 5, 2026, 4:10 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001794546-26-000016

FAQ

What is Carlsmed, Inc.'s operating margin?
Carlsmed, Inc. (CARL) reported operating margin of -61.1% in Q2 2026.
How has Carlsmed, Inc.'s operating margin changed year-over-year?
Carlsmed, Inc.'s operating margin increased by 5.3% year-over-year, from -64.5% to -61.1%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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