Growth Metrics

Carlsmed (CARL) Cost of Revenue (2024 - 2026)

Carlsmed posted quarterly Cost of Revenue of $7.9 million for Q1 2026, up 208.85% year-on-year from $2.6 million in Q1 2025, and down 54.97% on a QoQ basis from $17.5 million in Q4 2025.

Carlsmed (CARL) has 3 years of Cost of Revenue data on file, last reported at $7.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 208.85% year-over-year to $7.9 million; the trailing twelve-month figure through Mar 2026 stood at $35.8 million (up 49.89% YoY), and the FY2025 full-year result was $26.4 million, up 23.07% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $7.9 million, down from $17.5 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $17.9 million in Q4 2024 and bottomed at $840000.0 in Q2 2025.
  • The 3-year median for Cost of Revenue is $5.2 million (2025), against an average of $7.5 million.
  • Peak annual rise in Cost of Revenue reached 392.82% in 2025, while the deepest fall reached 44.7% in 2025.
  • A 3-year view of Cost of Revenue shows it stood at $17.9 million in 2024, then dropped by 2.13% to $17.5 million in 2025, then tumbled by 54.97% to $7.9 million in 2026.
  • The last three Cost of Revenue figures came in at $7.9 million (Q1 2026), $17.5 million (Q4 2025), and $9.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn 110.18 Mn
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 260.92 Mn
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 26.83 Mn
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn 28.07 Mn
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn 112.73 Mn
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 45.83 Mn
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn 44.67 Mn
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn 8.13 Mn
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn 169.52 Mn
10 Carlsmed 298.68 Mn 201.48 Mn 12.43 Mn 7.89 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 7.89 Mn
Mar 31, 2026 7.89 Mn
Dec 31, 2025 17.51 Mn
Dec 31, 2025 17.51 Mn
Sep 30, 2025 9.61 Mn
Sep 30, 2025 9.61 Mn
Jun 30, 2025 840,000.00
Jun 30, 2025 840,000.00
Mar 31, 2025 2.55 Mn
Mar 31, 2025 2.55 Mn
Dec 31, 2024 17.89 Mn
Dec 31, 2024 17.89 Mn
Sep 30, 2024 1.95 Mn
Sep 30, 2024 1.95 Mn
Jun 30, 2024 1.52 Mn
Jun 30, 2024 1.52 Mn