Carlsmed (CARL) Gross Margin (2024 - 2026)

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

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

Carlsmed's Gross Margin history runs 3 years deep, the most recent figure standing at 77.1% for Q1 2026.

  • Quarterly Gross Margin rose 215.0% year-over-year to 77.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 75.89% (up 145.0% YoY) and the FY2025 annual result came in at 75.31%, up 151.0% from the prior year.
  • Gross Margin was 77.1% for Q1 2026 at Carlsmed, up from 76.54% in the prior quarter.
  • Across five years, Gross Margin topped out at 77.1% in Q1 2026 and bottomed at 72.81% in Q3 2024.
  • A 3-year average of 75.05% and a median of 74.98% in 2024 frame the typical range for Gross Margin.
  • Peak annual rise in Gross Margin reached 312 bps in 2025, while the deepest fall reached 162 bps in 2025.
  • Carlsmed's Gross Margin stood at 74.66% in 2024, then grew by 3 bps to 76.54% in 2025, then climbed by 1 bps to 77.1% in 2026.
  • Business Quant data shows CARL's Gross Margin at 77.1% in Q1 2026, 76.54% in Q4 2025, and 75.93% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 74.98%
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn 13.34%
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 72.27%
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn 70.39%
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 84.60%
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn 57.35%
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 69.08%
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 86.65%
9 Privia Health 3.10 Bn 2.73 Bn - -
10 Carlsmed 295.19 Mn 222.08 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%