Carlsmed, Inc.(CARL)Fundamental Analysis & FinancialsNASDAQ
Valuation, growth, margins and balance sheet
Valuation Snapshot
What the multiples imply about expectations
The market considers the company to be a smaller player with a significant market presence. At current multiples, it trades fairly valued—reflecting market expectations.
Valuation Metrics
Ratios and multiples
Financial Health
Liquidity and leverage
The company's financial health appears moderate. Moderate ROE and moderate ROA reflect reasonably efficient capital use. Debt is manageable within acceptable ranges.
Valuation Multiples
Current valuation metrics
Quarterly Earnings History
Recent quarterly financial performance and trends
| Quarter | Revenue | Net Income | Gross Profit | EPS (Basic) | EPS (Diluted) | Gross Margin | Net Margin |
|---|---|---|---|---|---|---|---|
| Q2 2026(Latest) | $18.94M | -$10.51M | $14.54M | -$0.39 | -$0.39 | 76.8% | -55.5% |
| Q1 2026 | $16.12M | -$8.70M | $12.43M | -$0.32 | -$0.32 | 77.1% | -54.0% |
| Q4 2025 | $15.17M | -$8.61M | $11.61M | -$0.32 | -$0.32 | 76.5% | -56.8% |
| Q3 2025 | $13.07M | -$8.53M | $9.93M | -$0.40 | -$0.40 | 75.9% | -65.2% |
| Q2 2025 | $12.08M | -$6.77M | $8.87M | -$0.26 | -$0.26 | 73.4% | -56.0% |
Key Insights:
- Revenue increased by 17.5% from previous quarter
- Net margin of -55.5% indicates low profitability
- EPS declined by 21.9% quarter-over-quarter
Financial Efficiency
Utilization and collections performance
Asset Turnover 0.49 indicates low efficiency. Receivables Turnover 5.57 and DSO 65.52 reflect poor collections. Working Capital Turnover 0.56 is moderately efficient. ROIC -31.8% highlights weak capital returns.
Efficiency Metrics
Profitability & Growth
Margins and earnings power
Efficiency Performance Matrix
4-quadrant analysis of operational efficiency vs profitability
Efficiency vs Profitability Quadrants
High Margin
Low Margin
High Margin
Low Margin
Efficiency Analysis
Asset Turnover
Receivables Turnover
Working Capital
Overall Efficiency Score
Operationally weak with structural efficiency and margin issues
⚠️ Thresholds are benchmark-based heuristics derived from long-term industry averages, not strict valuation rules.
• Bubble size represents ROIC magnitude
• Green (Optimal): Excellent efficiency-profitability balance
• Blue (Efficiency-Driven): High turnover, room to improve margins
• Yellow (Margin-Driven): Strong margins, opportunity to improve efficiency
• Red (Weak Operations): Areas needing improvement on both dimensions
Market Data & Share Structure
Comprehensive valuation metrics and ownership breakdown
Market Data & Capitalization
Share Statistics & Ownership
Profitability Margin Pyramid
Hierarchical view of margin compression from revenue to net income
Margin Hierarchy by Profitability Level
Margin Analysis
Total Revenue
Gross Profit
EBITDA
Net Income
Margin Quality Assessment
Thin margins indicating potential profitability challenges
• Larger circles represent higher dollar amounts
• Margin percentages show profitability at each level
• Blue: Revenue base
• Green: Gross profitability
• Yellow: Operating performance
• Red: Net profitability
Operating Cash & Liquidity
Core cash generation and short-term solvency
Cash Flow Analysis
Operating Cash Flow (TTM)
-$34.15M
Cash from core operations
Free Cash Flow (TTM)
-$35.67M
Available after capex
Financial Position & Liquidity
Current Ratio
8.84
Healthy
Quick Ratio
8.31
Strong
Net Cash
$67.31M
Net creditor
Total Cash
$89.22M
Balance sheet cash
Total Debt
$21.92M
Outstanding borrowings
Cash Conversion Cycle
Working capital efficiency measurement
Days Sales Outstanding
65.5
days to collect payment
Days Inventory Outstanding
54.0
days to turn inventory
Cash Conversion Cycle
-11.6
net days of cycle
Excellent cash conversion — working capital cycles very efficiently.
Ownership & Shareholder Sentiment
Insider, institutional, and short interest positions
Insider Ownership
45.04%
Strong confidence
Institutional Ownership
40.43%
Strong support
Short % of Float
10.31%
Heavy bearish
Short Ratio (Days)
13.1d
days to cover
Ownership structure shows strong insider confidence and mixed institutional participation.
Dividends & Shareholder Returns
Policy stance and implications
The company does not currently pay a regular dividend — prioritizing reinvestment for growth. This makes it attractive for growth investors, while income-oriented investors may prefer peers with dividend payouts.
Explore More Analysis for CARL
Additional research, tools, and technical breakdowns
Stock Analyzer Report
Deep-dive automated research and stock rating report.
DCF Fair Value Calculator
Discounted cash flow model and intrinsic value projection.
AI Price Predictions
Multi-scenario price predictions and consensus targets.
Insider Activity Tracker
Track buying/selling behavior of corporate insiders.
Earnings Calendar
Track upcoming and historical corporate earnings reports.
Market Insights & Research
Read the latest analysis articles and expert research.
Latest TickZen Insights
HSBC Q3 2026 Earnings Preview: Is the $46bn NII Guide Too Low?By Vishal Jadaun
Coca-Cola (KO) Q3 2026 Earnings Preview: Can Growth Justify Its Valuation?By Vishal Jadaun
Welltower Q3 2026 Earnings Preview: Can 20% Senior Housing Growth Last?By Vishal Jadaun