Carlsmed Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	63.3	50.51	27.17	13.78
Revenue Growth	65.39%	85.94%	97.16%	-
Cost of Revenue	14.79	12.47	7.12	3.88
Gross Profit	48.5	38.04	20.05	9.9
Selling, General & Admin	66.24	51.6	29.87	21.1
Research & Development	20.93	17.02	14.3	7.4
Operating Expenses	87.17	68.61	44.17	28.49
Operating Income	-38.67	-30.57	-24.12	-18.59
Interest Expense	-1.33	-1.43	-1.32	-0.64
Interest & Investment Income	3.71	2.7	1.33	0.33
Other Non Operating Income (Expenses)	-0.06	-0.33	-0.14	-
Pretax Income	-36.35	-29.63	-24.26	-18.9
Net Income	-36.35	-29.63	-24.26	-18.9
Preferred Dividends & Other Adjustments	-	0.58	0.59	-
Net Income to Common	-36.35	-30.22	-24.85	-18.9
Net Income Growth	-	-	-	-
Shares Outstanding (Basic)	26	14	4	4
Shares Outstanding (Diluted)	26	14	4	4
Shares Change	496.29%	249.74%	4.62%	-
EPS (Basic)	-1.43	-2.12	-6.11	-4.86
EPS (Diluted)	-1.43	-2.12	-6.11	-4.86
EPS Growth	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Free Cash Flow	-34.58	-29.62	-25.65	-17.62
Free Cash Flow Per Share	-1.36	-2.08	-6.31	-4.53
Gross Margin	76.63%	75.31%	73.80%	71.88%
Operating Margin	-61.09%	-60.53%	-88.80%	-134.93%
Profit Margin	-57.42%	-59.82%	-91.47%	-137.16%
Free Cash Flow Margin	-54.63%	-58.64%	-94.41%	-127.85%
EBITDA	-38.26	-30.29	-23.98	-18.46
EBITDA Margin	-60.44%	-59.97%	-88.26%	-133.94%
D&A For EBITDA	0.41	0.28	0.15	0.14
EBIT	-38.67	-30.57	-24.12	-18.59
EBIT Margin	-61.09%	-60.53%	-88.80%	-134.93%

SEC Filings: 10-K · 10-Q