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CARL Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
11.200
Open
10.470
VWAP
10.89
Vol
323.30K
Mkt Cap
299.31M
Low
10.470
Amount
3.52M
EV/EBITDA(TTM)
--
Total Shares
27.18M
EV
217.65M
EV/OCF(TTM)
--
P/S(TTM)
4.93
Carlsmed, Inc. is a commercial-stage medical technology company providing AI-enabled personalized spine surgery solutions. Its aprevo technology platform offers solutions for the entire surgical workflow, including pre-operative AI-enabled, surgical planning; intra-operative advanced visualization to support precision placement of aprevo interbody implants, and post-operative data collection and insights for each surgeon. Its pre-operative planning software utilizes standard-of-care diagnostic imaging and AI-enabled algorithms to develop personalized digital surgical plans and to design aprevo interbody implants for each patient's pathology and vertebral bone topography. Additionally, the aprevo technology platform supports the collection of real-world, post-operative data to inform its digital surgical planning process. Its platform is commercially available in the United States and is indicated for use in lumbar interbody fusion procedures.
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Events Timeline

(ET)
2026-05-05
16:10:00
Carlsmed Q1 Revenue $16.12M Beats Expectations
select
2026-05-05
16:10:00
Company Expects 2026 Revenue to Reach $72.81M
select
2026-02-18 (ET)
2026-02-18
16:40:00
Carlsmed Announces First Personalized Cervical Plating Procedure
select
2026-02-10 (ET)
2026-02-10
09:10:00
Carlsmed Completes First Spine Surgery Using Aprevo System
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2026-01-12 (ET)
2026-01-12
08:20:00
Carlsmed Reports 2025 Revenue of $50.5 Million, Up 86%
select

News

seekingalpha
9.5
05-06seekingalpha
Carlsmed Reports Strong Q1 2026 Earnings Growth
  • Significant Revenue Growth: Carlsmed reported Q1 2026 revenue of $16.1 million, representing a 58% year-over-year increase, indicating strong market demand and product acceptance that is expected to drive future revenue growth.
  • Operational Efficiency Improvement: By leveraging technology investments, Carlsmed reduced production lead times by over 30% to 6 business days, resulting in 200 basis points of margin expansion, showcasing the company's ongoing improvements in operational efficiency.
  • User Base Expansion: The total surgeon user base grew by over 60% year-over-year, indicating increasing acceptance of the aprevo lumbar fusion procedure in the U.S. market, which is expected to further drive market share growth.
  • Optimistic Outlook: Carlsmed raised its 2026 revenue guidance to between $72 million and $77 million, reflecting a 48% growth at the midpoint, which demonstrates the company's confidence in new product launches and market expansion.
seekingalpha
9.5
05-05seekingalpha
Carlsmed Reports Q1 Earnings with Revenue of $16.1M
  • Earnings Performance: Carlsmed, Inc. reported a Q1 GAAP EPS of -$0.32, indicating challenges in profitability, although revenue reached $16.1 million, reflecting ongoing market demand.
  • Revenue Growth Target: The company aims for 2026 revenue between $70 million and $75 million, demonstrating management's confidence in future product launches, particularly in the cervical and bilateral product markets.
  • Growth Outlook: Carlsmed anticipates a 44% growth rate moving forward, showcasing strong momentum in the medical device sector, especially post-launch of new products that could attract more customers.
  • Historical Financial Data: Despite the current quarter's underperformance, the historical financial data provides investors with context to assess the company's long-term growth potential and market positioning.
NASDAQ.COM
2.0
05-05NASDAQ.COM
Carlsmed (CARL) Q1 2026 Earnings Transcript
Yahoo Finance
9.5
05-05Yahoo Finance
Carlsmed Reports Strong Q1 2026 Earnings with 58% Revenue Growth
  • Significant Revenue Growth: Carlsmed reported Q1 2026 revenue of $16.1 million, reflecting a 58% year-over-year increase, primarily driven by the expansion of its surgeon user base and increased procedure volumes, indicating a rapidly growing market demand for personalized surgery.
  • Surgeon User Base Expansion: The company noted a more than 60% year-over-year increase in surgeon users, highlighting accelerated clinical adoption of personalized surgery procedures, particularly among early-career and post-fellowship surgeons, which further enhances market penetration.
  • Improved Production Efficiency: Through technology investments, Carlsmed reduced lead times by over 30%, achieving delivery of surgical kits within six business days post-surgeon approval, and this capital-light, demand-driven model enables rapid scaling while maintaining a focus on patient outcomes.
  • Strong Market Outlook: With the recent CMS proposal for 2027, all Aprivile lumbar fusion procedures will receive higher reimbursement, providing greater economic value to hospitals and further driving Carlsmed's growth potential in the spine surgery market.
seekingalpha
9.5
02-26seekingalpha
Carlsmed Reports Q4 Earnings Beat with Strong Revenue Growth Outlook
  • Earnings Beat: Carlsmed reported a Q4 GAAP EPS of -$0.32, surpassing expectations by $0.11, indicating positive progress in the company's recovery of profitability.
  • Revenue Growth: The company achieved Q4 revenue of $15.2 million, exceeding market expectations by $0.34 million, reflecting strong product demand and an increase in market share.
  • Future Outlook: Carlsmed targets revenue between $70 million and $75 million for 2026, with plans to launch cervical and bilateral products, demonstrating confidence in future growth.
  • Growth Prospects: The company anticipates a 44% growth outlook, highlighting its competitiveness and ongoing innovation capabilities in the medical device market.
seekingalpha
9.5
02-26seekingalpha
Carlsmed, Inc. Reports Strong Q4 2025 Earnings and Growth Outlook
  • Significant Revenue Growth: Carlsmed reported $15.2 million in revenue for Q4 2025, a 61% increase from $9.4 million in Q4 2024, demonstrating strong expansion potential in the spine surgery market.
  • Improved Gross Margins: The gross margin for Q4 reached 76.5%, up from 74.7% in Q4 2024, indicating substantial progress in cost control and operational efficiency.
  • New Product Launches: The company announced the launch of the first bilateral posterior aprevo procedure, with a full commercial release planned for the second half of 2026, further enhancing market penetration for personalized spine surgery.
  • Optimistic Future Outlook: The CFO projected 2026 revenue between $70 million and $75 million, representing a 44% annual growth rate at the midpoint, reflecting confidence in sustained growth and market demand.
Wall Street analysts forecast CARL stock price to rise
5 Analyst Rating
Wall Street analysts forecast CARL stock price to rise
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
18.00
Averages
20.50
High
24.00
Current: 0.000
sliders
Low
18.00
Averages
20.50
High
24.00
Truist
Buy
downgrade
$20 -> $18
AI Analysis
2026-04-15
Reason
Truist
Price Target
$20 -> $18
AI Analysis
2026-04-15
downgrade
Buy
Reason
Truist lowered the firm's price target on Carlsmed to $18 from $20 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in MedTech. The firm expects Q1 performances to be in line or better than what feels like an anxious investor sentiment around Q1 volumes, the analyst tells investors in a research note. Given the company's faster top-line and higher gross margin profile however, the firm believes that the stock's higher multiple is justified relative to the average group, Truist added.
BTIG
Ryan Zimmerman
Buy
downgrade
$24 -> $23
2026-04-13
Reason
BTIG
Ryan Zimmerman
Price Target
$24 -> $23
2026-04-13
downgrade
Buy
Reason
BTIG analyst Ryan Zimmerman lowered the firm's price target on Carlsmed to $23 from $24 and keeps a Buy rating on the shares as part of a broader research name on Medical Technology. The firm is updating its models to reflect the CMS having announced its proposed rule for the FY27 inpatient prospective payment system which includes, among other things, preliminary commentary and decisions regarding new technology add-on payments, the analyst tells investors in a research note.
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Valuation Metrics

The current forward P/E ratio for Carlsmed Inc (CARL.O) is 0.00, compared to its 5-year average forward P/E of -8.25. For a more detailed relative valuation and DCF analysis to assess Carlsmed Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-8.25
Current PE
0.00
Overvalued PE
-6.59
Undervalued PE
-9.92

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-7.77
Current EV/EBITDA
-3.94
Overvalued EV/EBITDA
-4.23
Undervalued EV/EBITDA
-11.32

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
5.09
Current PS
2.79
Overvalued PS
6.53
Undervalued PS
3.65

Financials

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Frequently Asked Questions

What is Carlsmed Inc (CARL) stock price today?

The current price of CARL is 11.01 USD — it has increased 2.32

What is Carlsmed Inc (CARL)'s business?

Carlsmed, Inc. is a commercial-stage medical technology company providing AI-enabled personalized spine surgery solutions. Its aprevo technology platform offers solutions for the entire surgical workflow, including pre-operative AI-enabled, surgical planning; intra-operative advanced visualization to support precision placement of aprevo interbody implants, and post-operative data collection and insights for each surgeon. Its pre-operative planning software utilizes standard-of-care diagnostic imaging and AI-enabled algorithms to develop personalized digital surgical plans and to design aprevo interbody implants for each patient's pathology and vertebral bone topography. Additionally, the aprevo technology platform supports the collection of real-world, post-operative data to inform its digital surgical planning process. Its platform is commercially available in the United States and is indicated for use in lumbar interbody fusion procedures.

What is the price predicton of CARL Stock?

Wall Street analysts forecast CARL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CARL is20.50 USD with a low forecast of 18.00 USD and a high forecast of 24.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Carlsmed Inc (CARL)'s revenue for the last quarter?

Carlsmed Inc revenue for the last quarter amounts to 16.12M USD, increased 58.17

What is Carlsmed Inc (CARL)'s earnings per share (EPS) for the last quarter?

Carlsmed Inc. EPS for the last quarter amounts to -0.32 USD, increased 33.33

How many employees does Carlsmed Inc (CARL). have?

Carlsmed Inc (CARL) has 127 emplpoyees as of May 16 2026.

What is Carlsmed Inc (CARL) market cap?

Today CARL has the market capitalization of 299.31M USD.