Carlsmed, Inc. (CARL)

Revenue by Segment

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Healthcare Software	50.51M	27.17M	13.78M
Healthcare Software Growth	85.94%	97.16%	-
Total	50.51M	27.17M	13.78M
Total Growth	85.94%	97.16%	-

Revenue by Geography

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
United States	50.51M	27.17M	13.78M
United States Growth	85.94%	97.16%	-
Total	50.51M	27.17M	13.78M
Total Growth	85.94%	97.16%	-

Source: S&P Global Market Intelligence.