Carlsmed (CARL) EBITDA (2024 - 2026)

Carlsmed (CARL) reported EBITDA of -$8.7 million for Q1 2026, down 51.79% on a YoY basis from -$18.0 million in Q1 2025, and down 0.96% quarter-over-quarter from -$8.6 million in Q4 2025.

Carlsmed (CARL) EBITDA (2024 - 2026) Analysis & Trends

Carlsmed has reported EBITDA for 3 years, with the latest figure at -$8.7 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA fell 51.79% year-over-year to -$8.7 million; the trailing twelve-month figure through Mar 2026 stood at -$32.6 million (down 32.85% YoY), and the FY2025 full-year result was -$29.6 million, down 22.17% from the prior year.
  • EBITDA for Q1 2026 stood at -$8.7 million, down from -$8.6 million in the prior quarter.
  • The five-year high for EBITDA was -$4.7 million in Q4 2024, with the low at -$8.7 million in Q1 2026.
  • Historically, EBITDA has averaged -$7.1 million across 3 years, with a median of -$7.3 million in 2024.
  • The largest YoY upside for EBITDA was 7.79% in 2025 against a maximum downside of 82.48% in 2025.
  • Carlsmed's EBITDA stood at -$4.7 million in 2024, then sank by 82.48% to -$8.6 million in 2025, then dropped by 0.96% to -$8.7 million in 2026.
  • The last three EBITDA figures came in at -$8.7 million (Q1 2026), -$8.6 million (Q4 2025), and -$8.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Veeva Systems 27.35 Bn 20.79 Bn 662.02 Mn 232.98 Mn
2 BrightSpring Health Services 12.12 Bn 11.24 Bn 482.22 Mn 121.45 Mn
3 Healthequity 7.42 Bn 7.15 Bn 256.31 Mn 102.95 Mn
4 Hinge Health 4.95 Bn 4.64 Bn 154.23 Mn 34.80 Mn
5 Doximity 3.80 Bn 3.05 Bn 125.97 Mn 24.83 Mn
6 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn -17.05 Mn
7 Waystar Holding 3.65 Bn 3.49 Bn 268.04 Mn 87.47 Mn
8 Privia Health 2.66 Bn 2.29 Bn 595.71 Mn 7.57 Mn
9 Omnicell 1.90 Bn 1.73 Bn 140.36 Mn 16.85 Mn
10 Carlsmed 298.68 Mn 201.48 Mn 12.43 Mn -8.70 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -8.70 Mn
Dec 31, 2025 -8.61 Mn
Sep 30, 2025 -8.53 Mn
Jun 30, 2025 -6.77 Mn
Mar 31, 2025 -5.73 Mn
Dec 31, 2024 -4.72 Mn
Sep 30, 2024 -7.81 Mn
Jun 30, 2024 -6.28 Mn