CARL · Carlsmed, Inc.

NASDAQ NMS - GLOBAL MARKET - BOATS Real Time Price • USD

Carlsmed Inc (CARL)

NASDAQ NMS - GLOBAL MARKET Health Care
Move probability → Options chain →
$14.36 +0.15 (+1.06%)
● At close: October 21 at 4:00:00 PM EDT
DAY'S RANGE $14.36
$14.29 $14.92
52-WEEK RANGE $14.36
$8.50 $17.23

What's happening

Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.

Key Statistics

Market Cap$390.7M
P/E (TTM1)—
EPS2 (TTM)$-1.44
Div Yield—
Beta32.35
Volume6,020
Open14.29
Prev Close14.21
Bid / Ask12.17 / 17.05
Next Earnings 2026-11-05

Analyst Recommendations

Strong buy 4 Buy 6 Hold 1 Sell 0 Strong sell 0

Aggregate ratings for 2026-10-01 (11 analysts polled by Finnhub) — consensus count.

Performance Overview (Trailing returns vs S&P 500 benchmark)

YTD RETURN
CARL +14.82%
vs S&P 500 +2.04%
1-YEAR RETURN
CARL -1.46%
vs S&P 500 -16.02%
6-MONTH RETURN
CARL +32.77%
3-MONTH RETURN
CARL +23.30%

Valuation Measures & Ratios

Enterprise Value4$356.3M
Forward P/E5—
PEG Ratio6-0.27
Price / Sales (TTM1)6.12
Price / Book73.35
EV4 / Revenue5.63
EV4 / EBITDA—
Profit Margin-57.42%
Operating Margin-61.09%
Return on Equity (ROE8)-38.06%
Return on Assets (ROA9)-28.96%
Avg Volume (3M)125,840
Quarterly history (5 periods)
Measure Jun '26Mar '26Sep '25Jun '25Mar '25
Market cap $280.0M $247.8M $289.9M — —
P/E -8.12 -8.34 -10.05 — —
Price/Book 3.32 2.69 2.72 — —
EV/EBITDA -7.02 -6.29 -6.59 — —
ROE -40.95% -32.21% -27.03% — —
ROA -29.19% -25.02% -21.38% — —

Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).

Glossary — what these abbreviations mean
1. TTM
Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
2. EPS
Earnings per share — net income divided by diluted shares outstanding.
3. Beta
A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
4. EV (Enterprise Value)
Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
5. Forward P/E
Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
6. PEG Ratio
P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
7. Price / Book
Share price divided by book value (assets minus liabilities) per share.
8. ROE
Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
9. ROA
Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
10. MRQ
Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
11. YoY
Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.

Short Interest

Shares Short1,053,927
Change from Prior Settlement-2.28%
% of Float—
Days to Cover (Short Ratio)14.28

Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.

Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.

Price history

Events

Drag horizontally to zoom into a section; use Reset view to restore all observations.

Technical signal summary

Calculating from the latest year of daily price history…

Calculating…
Show Technical Analysis Breakdown ▾ 10 Indicators

Not investment advice — read several signals together.

Indicators None active

Add lines over the price chart or a panel below it. Your choices are saved on this device.

Starter sets
Trend
Oscillators
Volume/volatility
Loading chart…

History limited by data provider; markers are heuristics, not signals.

Peer and sector context

No reviewed peer group is available for this symbol.

Balanced evidence

A deterministic summary of sourced facts—not an AI verdict.

Potential strengths

  • Revenue growth is 56.8% on the provider's reported measure. Finnhub fundamentals ↗
  • Latest SEC filing is Form 4, filed 2026-10-06; review it for current changes and risks. SEC EDGAR ↗

Potential concerns

Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.

Financials

Income statement

Line item Jun '26Mar '26Sep '25Jun '25Mar '25Sep '24Jun '24Mar '24
Gross profit $14.5M $12.4M $9.9M $8.9M $7.6M $4.8M $4.6M —
Operating income -$11.0M -$9.3M -$9.0M -$6.5M -$5.7M -$7.8M -$6.3M —
Net income -$10.5M -$8.7M -$8.5M -$6.8M -$5.7M -$7.8M -$6.3M -$5.4M
EPS (diluted) $-0.39 $-0.32 $-0.40 $-1.47 $-1.47 $-2.06 $-1.55 —
EPS (basic) $-0.39 $-0.32 $-0.40 $-1.47 $-1.47 $-2.06 $-1.55 —

Balance sheet

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Total assets $118.2M $118.8M $130.1M $134.9M $53.3M — $51.8M —
Total liabilities $34.0M $26.5M $31.3M $28.2M $27.6M — $26.2M —
Stockholders' equity $84.2M $92.2M $98.9M $106.7M -$83.1M -$76.6M -$70.6M -$66.0M
Total current assets $109.6M $115.4M $126.7M $131.5M $46.2M — $49.4M —
Total current liabilities $12.4M $9.7M $14.3M $10.9M $9.5M — $8.8M —
Cash & equivalents $46.2M $73.0M $85.8M $115.4M $33.5M $43.4M $40.1M $44.4M

Cash flow

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Operating cash flow -$7.4M -$13.0M -$5.3M -$8.5M -$7.0M -$8.2M -$4.2M -$7.6M
Investing cash flow -$19.7M -$206.0K -$24.2M -$343.0K -$672.0K -$238.0K -$61.0K -$52.0K
Financing cash flow $243.0K $436.0K -$29.0K $90.7M -$2.2M $11.7M -$51.0K $13.9M
Free cash flow -$7.5M -$13.1M -$5.4M -$8.6M -$7.4M -$8.2M -$4.3M -$7.6M
Capital expenditures $121.0K $79.0K $73.0K $159.0K $327.0K $83.0K $61.0K $52.0K
Depreciation & amortization $130.0K $99.0K $98.0K $82.0K $61.0K $40.0K $37.0K $33.0K

Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.

Institutional holders

SEC Form 13F filers holding CARL as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.

Institutional ownership is not available for this symbol right now.

Insider activity

Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR Form 4 filings · checked 24 most recent filings · covers 2025-07-22 to 2026-10-05

Recent transactions

  • Insiders have net sold 990 shares over the last 182 days, across 0 purchases and 2 sales.
  • Most recent: Bertolini Jeffrey (Chief Operating Officer) — Option exercise of 747 shares on 2026-10-05.

Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.

Insider purchases & sales, last 6 months

Purchases (open market)0 sh(0 txns)
Sales (open market)990 sh(2 txns)
Net Shares-990

Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.

Insider roster

NameTitleMost Recent TransactionDateShares
Bertolini JeffreyChief Operating OfficerOption exercise2026-10-05747
Heppenstall RichardCFO, TreasurerGrant / award2026-09-2889,286
OBOYLE KEVIN CReporting personGrant / award2026-06-0313,698
Sidow KevinReporting personGrant / award2026-06-0313,698
ROOT JONATHAN DReporting personGrant / award2026-06-0313,698
YOUNG PHILIP MReporting personGrant / award2026-06-0313,698
Cordonnier MichaelCEO, PresidentOption exercise2026-03-03160,567
Durall William ScottChief Commercial OfficerGrant / award2026-01-2844,977
Casey NiallChief IP OfficerGrant / award2026-01-2844,977
Greenstein Leonard M.CFO, TreasurerGrant / award2026-01-2844,977
B CAPITAL GROUP MANAGEMENT, L.P.Reporting personDerivative conversion2025-07-243,680,506
Presidio Management Group XII, L.L.C.Reporting personDerivative conversion2025-07-242,948,794
Mittendorff Robert IIReporting personDerivative conversion2025-07-243,680,506

Recent transactions

DateInsiderTitleTransactionSharesPrice
2026-10-05Bertolini JeffreyChief Operating OfficerOption exercise 747$5.92
2026-10-05Bertolini JeffreyChief Operating OfficerOpen market sale 747$14.39
2026-09-30Bertolini JeffreyChief Operating OfficerOption exercise 243$2.23
2026-09-30Bertolini JeffreyChief Operating OfficerOpen market sale 243$13.99
2026-09-28Heppenstall RichardCFO, TreasurerGrant / award 89,286$0.00
2026-06-03OBOYLE KEVIN CReporting personGrant / award 13,698$0.00
2026-06-03Sidow KevinReporting personGrant / award 13,698$0.00
2026-06-03ROOT JONATHAN DReporting personGrant / award 13,698$0.00
2026-06-03YOUNG PHILIP MReporting personGrant / award 13,698$0.00
2026-03-03Cordonnier MichaelCEO, PresidentOption exercise 160,567$0.34
2026-03-03Cordonnier MichaelCEO, PresidentOption exercise 33,264$4.35
2026-03-02Cordonnier MichaelCEO, PresidentOption exercise 197,855$0.34
2026-03-02Cordonnier MichaelCEO, PresidentOpen market sale 197,855$13.29
2026-01-28Durall William ScottChief Commercial OfficerGrant / award 44,977$0.00
2026-01-28Casey NiallChief IP OfficerGrant / award 44,977$0.00
2026-01-28Cordonnier MichaelCEO, PresidentGrant / award 117,316$0.00
2026-01-28Greenstein Leonard M.CFO, TreasurerGrant / award 44,977$0.00
2025-07-24B CAPITAL GROUP MANAGEMENT, L.P.Reporting personDerivative conversion 3,680,506—
2025-07-24B CAPITAL GROUP MANAGEMENT, L.P.Reporting personOpen market purchase 1,333,333$15.00
2025-07-24B CAPITAL GROUP MANAGEMENT, L.P.Reporting personDerivative conversion 2,376,472—
2025-07-24B CAPITAL GROUP MANAGEMENT, L.P.Reporting personDerivative conversion 931,452—
2025-07-24Presidio Management Group XII, L.L.C.Reporting personDerivative conversion 2,948,794—
2025-07-24Presidio Management Group XII, L.L.C.Reporting personDerivative conversion 825,135—
2025-07-24Presidio Management Group XII, L.L.C.Reporting personDerivative conversion 531,877—
2025-07-24Presidio Management Group XII, L.L.C.Reporting personDerivative conversion 149,655—
2025-07-24Presidio Management Group XII, L.L.C.Reporting personDerivative conversion 41,876—
2025-07-24Presidio Management Group XII, L.L.C.Reporting personDerivative conversion 26,993—
2025-07-24Presidio Management Group XII, L.L.C.Reporting personDerivative conversion 1,117,743—
2025-07-24Cordonnier MichaelCEO, PresidentOption exercise 3,612—
2025-07-24Sidow KevinReporting personOption exercise 28,900—
2025-07-24Sidow KevinReporting personOpen market purchase 13,333$15.00
2025-07-24Mittendorff Robert IIReporting personDerivative conversion 3,680,506—
2025-07-24Mittendorff Robert IIReporting personOpen market purchase 1,333,333$15.00
2025-07-24Mittendorff Robert IIReporting personDerivative conversion 2,376,472—
2025-07-24Mittendorff Robert IIReporting personDerivative conversion 931,452—
2025-07-24Casey NiallChief IP Officer, SecretaryOption exercise 3,612—
2025-07-24ROOT JONATHAN DReporting personDerivative conversion 2,948,794—
2025-07-24ROOT JONATHAN DReporting personDerivative conversion 825,135—
2025-07-24ROOT JONATHAN DReporting personDerivative conversion 531,877—
2025-07-24ROOT JONATHAN DReporting personDerivative conversion 149,655—
2025-07-24ROOT JONATHAN DReporting personDerivative conversion 41,876—
2025-07-24ROOT JONATHAN DReporting personDerivative conversion 26,993—
2025-07-24ROOT JONATHAN DReporting personDerivative conversion 1,117,743—
2025-07-24ROOT JONATHAN DReporting personOpen market purchase 466,666$15.00
2025-07-24YOUNG PHILIP MReporting personDerivative conversion 28,900—
2025-07-24YOUNG PHILIP MReporting personOpen market purchase 6,666$15.00
2025-07-24YOUNG PHILIP MReporting personOpen market purchase 53,333$15.00
2025-07-22Sidow KevinReporting personGrant / award 17,333$0.00
2025-07-22OBOYLE KEVIN CReporting personGrant / award 17,333$0.00
2025-07-22ROOT JONATHAN DReporting personGrant / award 17,333$0.00
2025-07-22YOUNG PHILIP MReporting personGrant / award 17,333$0.00

Recent SEC filings

Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR submissions · updated 2026-10-22 04:28 UTC

FiledFormReport periodOfficial filing
2026-10-0642026-10-05 View on SEC.gov →
2026-10-0142026-09-30 View on SEC.gov →
2026-09-3042026-09-28 View on SEC.gov →
2026-09-308-K2026-09-24 View on SEC.gov →
2026-09-1042026-09-08 View on SEC.gov →
2026-09-088-K2026-09-04 View on SEC.gov →
2026-08-0510-Q2026-06-30 View on SEC.gov →
2026-08-058-K2026-08-05 View on SEC.gov →
2026-06-2242026-06-03 View on SEC.gov →
2026-06-2242026-06-03 View on SEC.gov →
2026-06-2242026-06-03 View on SEC.gov →
2026-06-2242026-06-03 View on SEC.gov →

Headlines about CARL (Carlsmed, Inc.). Links open the publisher — we don’t host full articles.

SEC filings ↓

← Back to the full dashboard · My watchlist