Carlsmed (CARL) Free Cash Flow (2024 - 2026)
Carlsmed's (CARL) quarterly Free Cash Flow came in at -$8.0 million in Q2 2026, down 9.44% on a YoY basis from -$8.8 million in Q2 2025, and up 39.2% quarter-over-quarter from -$13.1 million in Q1 2026.
Analysis
Carlsmed (CARL) Free Cash Flow (2024 - 2026) Analysis & Trends
Carlsmed (CARL) has reported Free Cash Flow for 3 consecutive years, with -$8.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow fell 9.44% year-over-year to -$8.0 million; the trailing twelve-month figure through Jun 2026 stood at -$35.2 million (down 28.0% YoY), and the FY2025 full-year result was -$29.7 million, down 15.78% from the prior year.
- Free Cash Flow grew to -$8.0 million in Q2 2026 per CARL's latest filing, from -$13.1 million in the prior quarter.
- Across five years, Free Cash Flow topped out at -$4.3 million in Q4 2024 and bottomed at -$13.1 million in Q1 2026.
- Historically, Free Cash Flow has averaged -$7.8 million across 3 years, with a median of -$7.8 million in 2024.
- The widest YoY moves for Free Cash Flow: up 9.44% in 2026, down 58.05% in 2026.
- Over 3 years, Free Cash Flow stood at -$4.3 million in 2024, then declined by 28.21% to -$5.5 million in 2025, then slumped by 46.08% to -$8.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$8.0 million, -$13.1 million, and -$5.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 187.42 Bn | 182.47 Bn | 7.27 Bn | 1.99 Bn |
| 2 | Intuitive Surgical | 129.78 Bn | 124.69 Bn | 1.96 Bn | 948.40 Mn |
| 3 | Medtronic | 120.53 Bn | 112.33 Bn | 6.34 Bn | 1.29 Bn |
| 4 | Stryker | 116.28 Bn | 112.80 Bn | 4.50 Bn | 1.06 Bn |
| 5 | Boston Scientific | 69.29 Bn | 68.99 Bn | 3.85 Bn | 1.28 Bn |
| 6 | Edwards Lifesciences | 51.83 Bn | 47.68 Bn | 1.35 Bn | 585.00 Mn |
| 7 | Alcon | 34.36 Bn | 32.91 Bn | 1.68 Bn | 606.00 Mn |
| 8 | Dexcom | 33.17 Bn | 31.23 Bn | 830.00 Mn | 184.50 Mn |
| 9 | Resmed | 32.94 Bn | 31.47 Bn | 861.22 Mn | 403.50 Mn |
| 10 | Carlsmed | 424.72 Mn | 311.42 Mn | 14.54 Mn | -7.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -7.99 Mn |
| Mar 31, 2026 | -13.13 Mn |
| Dec 31, 2025 | -5.47 Mn |
| Sep 30, 2025 | -8.62 Mn |
| Jun 30, 2025 | -7.30 Mn |
| Mar 31, 2025 | -8.31 Mn |
| Dec 31, 2024 | -4.26 Mn |
| Sep 30, 2024 | -7.63 Mn |