Carlsmed (CARL) Gross Margin (2024 - 2026)
Carlsmed posted quarterly Gross Margin of 77.1% for Q1 2026, up 215.0% year-on-year from 24.48% in Q1 2025, and up 0.72% on a QoQ basis from 76.54% in Q4 2025.
Carlsmed (CARL) has 3 years of Gross Margin data on file, last reported 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.
- Across five years, Gross Margin topped out at 77.1% in Q1 2026 and bottomed at 72.81% in Q3 2024.
- The 3-year median for Gross Margin is 74.98% (2024), against an average of 75.05%.
- Peak annual rise in Gross Margin reached 312 bps in 2025, while the deepest fall reached 162 bps in 2025.
- A 3-year view of Gross Margin shows it stood at 74.66% in 2024, then climbed by 3 bps to 76.54% in 2025, then advanced 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 | 30.85 Bn | 24.28 Bn | 622.47 Mn | 74.46% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 84.60% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 86.65% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 85.40% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 70.39% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 45.30% |
| 10 | Carlsmed | 298.68 Mn | 201.48 Mn | 12.43 Mn | 77.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |