Carlsmed (CARL) Free Cash Flow (2024 - 2026)
Carlsmed posted quarterly Free Cash Flow of -$13.1 million for Q1 2026, down 58.05% year-on-year from -$31.3 million in Q1 2025, and down 143.49% on a QoQ basis from -$5.4 million in Q4 2025.
Carlsmed (CARL) has 3 years of Free Cash Flow data on file, last reported 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.
- Across five years, Free Cash Flow topped out at -$4.1 million in Q4 2024 and bottomed at -$13.1 million in Q1 2026.
- The 3-year median for Free Cash Flow is -$7.6 million (2024), against an average of -$7.8 million.
- The widest annual swing landed in 2025, when Free Cash Flow slipped 12.92%; it then plunged 58.05% in 2026.
- A 3-year view of Free Cash Flow shows it stood at -$4.1 million in 2024, then plunged by 32.08% to -$5.4 million in 2025, then sank 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 99.82 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 119.28 Mn |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 81.60 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 43.06 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 107.27 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 69.59 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 26.00 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | -49.47 Mn |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 42.07 Mn |
| 10 | Carlsmed | 298.68 Mn | 201.48 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 |