Growth Metrics

Carlsmed (CARL) Operating Expenses (2024 - 2026)

Carlsmed filings provide 2 years of Operating Expenses readings, the most recent being $20.9 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 78.53% to $20.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $67.0 million, a N/A change, with the full-year FY2025 number at $68.6 million, up 55.34% from a year prior.
  • Operating Expenses hit $20.9 million in Q4 2025 for Carlsmed, up from $19.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $20.9 million in Q4 2025 to a low of $10.9 million in Q2 2024.