Growth Metrics

Carlsmed (CARL) Shares Outstanding (Diluted Average) (2024 - 2026)

Carlsmed posted quarterly Shares Outstanding (Diluted Average) of $26.8 million for Q1 2026, up 524.16% year-on-year from $4.3 million in Q1 2025, and up 88.69% on a QoQ basis from $14.2 million in Q4 2025.

Carlsmed (CARL) has 3 years of Shares Outstanding (Diluted Average) data on file, last reported at $26.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Shares Outstanding (Diluted Average) rose 524.16% year-over-year to $26.8 million; the trailing twelve-month figure through Mar 2026 stood at $26.8 million (up 524.16% YoY), and the FY2025 full-year result was $14.2 million, up 249.74% from the prior year.
  • Shares Outstanding (Diluted Average) for Q1 2026 stood at $26.8 million, up from $14.2 million in the prior quarter.
  • Across five years, Shares Outstanding (Diluted Average) topped out at $26.8 million in Q1 2026 and bottomed at $4.0 million in Q2 2024.
  • The 3-year median for Shares Outstanding (Diluted Average) is $4.4 million (2025), against an average of $10.4 million.
  • The widest annual swing landed in 2025, when Shares Outstanding (Diluted Average) advanced 14.04%; it then soared 524.16% in 2026.
  • A 3-year view of Shares Outstanding (Diluted Average) shows it stood at $4.1 million in 2024, then soared by 249.74% to $14.2 million in 2025, then jumped by 88.69% to $26.8 million in 2026.
  • The last three Shares Outstanding (Diluted Average) figures came in at $26.8 million (Q1 2026), $14.2 million (Q4 2025), and $21.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn 167.00 Mn
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 221.32 Mn
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 85.01 Mn
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn 82.39 Mn
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn 199.05 Mn
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 195.16 Mn
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn 128.29 Mn
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn 130.88 Mn
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn 45.94 Mn
10 Carlsmed 298.68 Mn 201.48 Mn 12.43 Mn 26.84 Mn

Historic Data

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DateValue
Mar 31, 2026 26.84 Mn
Dec 31, 2025 14.22 Mn
Sep 30, 2025 21.08 Mn
Jun 30, 2025 4.59 Mn
Mar 31, 2025 4.30 Mn
Dec 31, 2024 4.07 Mn
Sep 30, 2024 4.05 Mn
Jun 30, 2024 4.02 Mn