Carlsmed (CARL) Free Cash Flow (2024 - 2026)
Carlsmed (CARL) reported Free Cash Flow of -$13.1 million for Q1 2026, down 58.05% on a YoY basis from -$31.3 million in Q1 2025, and down 143.49% quarter-over-quarter from -$5.4 million in Q4 2025.
Carlsmed (CARL) Free Cash Flow (2024 - 2026) Analysis & Trends
Carlsmed has reported Free Cash Flow for 3 years, with the latest figure at -$13.1 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 58.05% year-over-year to -$13.1 million; the trailing twelve-month figure through Mar 2026 stood at -$34.4 million (down 71.99% YoY), and the FY2025 full-year result was -$29.6 million, down 16.31% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$13.1 million, down from -$5.4 million in the prior quarter.
- The five-year high for Free Cash Flow was -$4.1 million in Q4 2024, with the low at -$13.1 million in Q1 2026.
- Historically, Free Cash Flow has averaged -$7.8 million across 3 years, with a median of -$7.6 million in 2024.
- Annual changes were most pronounced in 2025 — Free Cash Flow slipped 12.92% — and 2026, when it slumped 58.05%.
- Carlsmed's Free Cash Flow stood at -$4.1 million in 2024, then sank by 32.08% to -$5.4 million in 2025, then slumped by 143.49% to -$13.1 million in 2026.
- The last three Free Cash Flow figures came in at -$13.1 million (Q1 2026), -$5.4 million (Q4 2025), and -$8.6 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 1.13 Bn |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 119.28 Mn |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 81.60 Mn |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 43.06 Mn |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 26.00 Mn |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 107.27 Mn |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 69.59 Mn |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | -49.47 Mn |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 42.07 Mn |
| 10 | Carlsmed | 265.54 Mn | 168.34 Mn | 12.43 Mn | -13.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.13 Mn |
| Mar 31, 2026 | -13.13 Mn |
| Dec 31, 2025 | -5.39 Mn |
| Dec 31, 2025 | -5.39 Mn |
| Sep 30, 2025 | -8.62 Mn |
| Sep 30, 2025 | -8.62 Mn |
| Jun 30, 2025 | -7.30 Mn |
| Jun 30, 2025 | -7.30 Mn |
| Mar 31, 2025 | -8.31 Mn |
| Mar 31, 2025 | -8.31 Mn |
| Dec 31, 2024 | -4.08 Mn |
| Dec 31, 2024 | -4.08 Mn |
| Sep 30, 2024 | -7.63 Mn |
| Sep 30, 2024 | -7.63 Mn |