Carlsmed (CARL) Gross Margin (2024 - 2026)

Carlsmed (CARL) reported Gross Margin of 77.1% for Q1 2026, up 215.0% on a YoY basis from 24.48% in Q1 2025, and up 0.72% quarter-over-quarter from 76.54% in Q4 2025.

Carlsmed (CARL) Gross Margin (2024 - 2026) Analysis & Trends

Carlsmed has reported Gross Margin for 3 years, with the latest figure at 77.1% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 215.0% year-over-year to 77.1%; the trailing twelve-month figure through Mar 2026 stood at 75.89% (up 145.0% YoY), and the FY2025 full-year result was 75.31%, up 151.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 77.1%, up from 76.54% in the prior quarter.
  • The five-year high for Gross Margin was 77.1% in Q1 2026, with the low at 72.81% in Q3 2024.
  • Historically, Gross Margin has averaged 75.05% across 3 years, with a median of 74.98% in 2024.
  • The largest YoY upside for Gross Margin was 312 bps in 2025 against a maximum downside of 162 bps in 2025.
  • Carlsmed's Gross Margin stood at 74.66% in 2024, then advanced by 3 bps to 76.54% in 2025, then gained by 1 bps to 77.1% in 2026.
  • The last three Gross Margin figures came in at 77.1% (Q1 2026), 76.54% (Q4 2025), and 75.93% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Veeva Systems 24.83 Bn 17.52 Bn 662.02 Mn 74.98%
2 BrightSpring Health Services 13.57 Bn 12.69 Bn 482.22 Mn 13.34%
3 Healthequity 7.20 Bn 6.93 Bn 256.31 Mn 72.27%
4 Hinge Health 5.42 Bn 5.11 Bn 154.23 Mn 84.60%
5 10x Genomics 4.46 Bn 3.92 Bn 106.18 Mn 70.39%
6 Doximity 3.81 Bn 3.06 Bn 125.97 Mn 86.65%
7 Waystar Holding 3.52 Bn 3.36 Bn 268.04 Mn 85.40%
8 Privia Health 2.94 Bn 2.57 Bn 595.71 Mn 98.65%
9 Omnicell 1.76 Bn 1.59 Bn 140.36 Mn 45.30%
10 Carlsmed 265.54 Mn 168.34 Mn 12.43 Mn 77.10%

Historic Data

Download Data
DateValue
Mar 31, 2026 77.10%
Dec 31, 2025 76.54%
Sep 30, 2025 75.93%
Jun 30, 2025 73.40%
Mar 31, 2025 74.94%
Dec 31, 2024 74.66%
Sep 30, 2024 72.81%
Jun 30, 2024 75.02%