Carlsmed, Inc. (CARL) stock
Close on Nov 11, 2026Market cap $507.83MP/E –Yield –
Carlsmed, Inc. grew revenue 60.4% to $71.78M over the twelve months to Sep 30, 2026. Free cash flow was -$34.92M. At the latest close the market valued the company at $507.83M.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $507.83M
- P/E ratio
- –
- Price to sales
- 7.08
- Price to book
- 6.71
- Dividend yield
- –
- Free cash flow yield
- -6.88%
Fundamentals
- Revenue
- $71.78M
- Net income
- -$40.06M
- EPS, diluted
- -$2.12
- Free cash flow
- -$34.92M
- Book value per share
- $2.77
- Diluted shares
- 27M
Trading
- Next earnings
- Feb 24, 2027 (estimated, after the close)
- Previous close
- $14.71
- Open
- $16.00
- Day's range
- $15.20 – $19.15
- Volume
- 611,122
- Average volume (20 days)
- 117,375
- Index membership
- Russell 2000 (since Sep 2025)
- 52-week range
- $8.50 – $19.15
- RSI (14 days)
- 65.3
- Volatility (1 year)
- 75.8%
- Relative volume
- 5.20×
On 1 of our idea list: Institutions accumulating
Index membership is inferred from the holdings of funds that track each index (IWM), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | CARL | S&P 500 | Difference | CARL per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +29.0% | -2.4% | +31.4 pts | ||
| 3 months | +35.5% | -1.2% | +36.6 pts | ||
| Year to date | +50.6% | +12.3% | +38.3 pts | ||
| 1 year | +52.7% | +12.4% | +40.3 pts |
Three years at a glance
Fiscal years 2023 to 2025 and trailing twelve months, USD
Revenue
Gross profit
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Carlsmed filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Update
- Results
- Results
- Results
About Carlsmed
Surgical & Medical Instruments & Apparatus
Carlsmed, Inc. is a medical technology company that develops artificial intelligence-enabled personalized solutions for spine fusion surgery. Its core offering is the aprevo Technology Platform, which integrates digital surgical planning software with custom-designed interbody implants tailored to each patient's specific spinal anatomy, alongside single-use surgical instruments. The platform addresses spinal conditions including degenerative disc disease and adult spinal deformity across both lumbar and cervical fusion procedures. Carlsmed sells its personalized implants and surgical solutions directly to hospitals and ambulatory surgical centers for use by spine surgeons.
Company profile, executives and historyCarlsmed stock: common questions
What is Carlsmed's stock price?
CARL closed at $18.60 on Nov 11, 2026, up 26.44% on the day. Over the past 52 weeks it traded between $8.50 and $19.15.
What is Carlsmed's market cap?
Carlsmed was worth $507.83M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is CARL's P/E ratio?
Carlsmed lost money over fiscal 2025 (diluted EPS -$2.12), so it has no meaningful P/E ratio.
How much revenue does Carlsmed make?
Carlsmed reported revenue of $71.78M for the twelve months to Sep 30, 2026, up 60.4% from a year earlier.
Does Carlsmed pay a dividend?
No. Carlsmed has not paid a cash dividend over the last twelve months.
When does Carlsmed report earnings next?
Carlsmed is expected to report Q4 FY2026 results on Feb 24, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.
How has CARL stock performed over the past year?
Including dividends, CARL returned +52.7% over the past year, against +12.4% for the S&P 500.
How many CARL shares are sold short?
1M shares were sold short at the latest FINRA report, 24.01% of the float, or 15.1 days of average trading volume.
Who are Carlsmed's competitors?
Companies most similar to Carlsmed by business, industry and size include SI, XTNT, APYX, LNSR, PDEX.
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