Carlsmed (CARL) Operating Expenses (2024 - 2026)
Carlsmed's Operating Expenses came in at $25.58 million for Q2 2026, up 66.4% from $15.37 million a year earlier and up 17.9% from the prior quarter.
Powered by 
Analysis
Carlsmed (CARL) Operating Expenses (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Carlsmed reported Operating Expenses of $87.17 million, up 64.4% year-over-year; for FY2025, it came in at $68.61 million, up 55.3% from FY2024.
- Going back by year, Operating Expenses was $44.17 million in FY2024.
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q2 2024.
- Year-over-year, Operating Expenses has increased for five consecutive quarters, with growth averaging 59.9% over the last five quarters.
- Business Quant data shows CARL's Operating Expenses at $21.7 million (Q1 2026), $20.93 million (Q4 2025) and $18.96 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 9.91 Bn |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 10.90 Bn |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 2.48 Bn |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 988.50 Mn |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 4.06 Bn |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 2.84 Bn |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 2.67 Bn |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 840.10 Mn |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 4.32 Bn |
| 10 | Carlsmed | 383.61 Mn | -75.98 Mn | 14.54 Mn | 25.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.58 Mn |
| Mar 31, 2026 | 21.70 Mn |
| Dec 31, 2025 | 20.93 Mn |
| Sep 30, 2025 | 18.96 Mn |
| Jun 30, 2025 | 15.37 Mn |
| Mar 31, 2025 | 13.36 Mn |
| Dec 31, 2024 | 11.72 Mn |
| Sep 30, 2024 | 12.58 Mn |
| Jun 30, 2024 | 10.88 Mn |
API Access
Carlsmed Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CARL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CARL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CARL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();