What is CARL's market cap?

$435.75M, based on the Nov 4 close of $15.96.

Does Carlsmed pay a dividend?

No regular cash dividend has been paid in the last year.

How much of CARL is sold short?

1.1M shares, 11.3% of float, as of Oct 15, 2026.

What sector is CARL in?

Healthcare, in the Surgical Instruments industry.

NASDAQ · CARLHealthcareSurgical Instruments

Carlsmed, Inc. Common Stock (CARL)

$15.96+10.83%

Close Nov 4, 2026 · split-adjusted

Nov 4, 2026$15.96▲ 30.61% in range

Nov 3, 2025Low $8.83 · High $16.99Nov 4, 2026

What changed · written from our data

As of Nov 4, 2026

Carlsmed closed at $15.96 on Nov 4, up 10.83%, 6.1% below its 52-week closing high. Volume of 59.1K shares was 0.79× its 20-day average (below normal).

Split-adjusted performance: +9.0% over one month, +62.2% over six months, +30.6% over one year.

In the quarter ended Jun 30, 2026, revenue was $18.94M, with a net margin of -55.5%.

Short interest was 1.1M shares at the Oct 15 settlement, up 3.9% from the prior report (11.3% of float, 13.6 days to cover).

Market cap$435.8M27.3M shares

Revenue · quarter$18.9M—

Diluted EPS$-0.39—

P/E · TTM—P/S 6.9×

Net margin-55.5%Gross 76.8%

Dividend yieldNone

52-week range8.83 – 16.99−6.1% from high

Volume59.1K0.79× 20-day avg

Volatility · 60d52.0%Annualised

Short % of float11.3%13.6 days to cover

Net cash$73.8MCash $89.2M

Next earnings—Not scheduled

Split-adjusted performance

1W +4.2%1M +9.0%3M +16.5%6M +62.2%YTD +29.2%1Y +30.6%3Y —5Y —

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Surgical Instruments

Percentile among 110 companies (100 = best)

6-month momentum88

Revenue growth—

Net margin31

Value (low P/E)—

Size55

Industry medians: 6-month return −4.4%, revenue growth +8.9%, net margin −8.2%, P/E 29.7×.

Short interest

Details →

Shares short1.1M+3.9% vs prior

Days to cover13.6Settled Oct 15

% of float11.3%

Short vol. 10d74.3%of daily volume

Closest peers by size in Surgical Instruments

Company	Price	Today	6M	Rev. growth	Net margin	P/E	Mkt cap
CARLCarlsmed	$15.96	+10.83%	+62.2%	—	−55.5%	—	$435.8M
SIShoulder Innovations	$21.14	+6.66%	+64.0%	—	−59.1%	—	$440.1M	Compare
SSIISS Innovations International	$2.26	−2.92%	−44.4%	+39.4%	−19.1%	—	$453.5M	Compare
NPCENeuropace	$13.71	+11.37%	−24.3%	+17.1%	−27.2%	—	$470.6M	Compare
MDXGMiMedx Group	$3.23	−0.77%	−11.9%	−45.2%	−13.9%	—	$470.6M	Compare
OFIXOrthofix Medical Inc. Common Stock (DE)	$9.63	+9.93%	−21.0%	+3.8%	−7.5%	—	$392.3M	Compare
CERSCerus	$2.48	+5.77%	−4.4%	+6.3%	−0.9%	—	$498.8M	Compare
RCELAvita Medical	$16.18	+5.54%	+266.1%	+17.8%	−35.3%	—	$500.4M	Compare
EMBCEmbecta	$6.62	+8.80%	+85.8%	−8.1%	7.8%	4.3	$374.8M	Compare

News about Carlsmed

All news →

Carlsmed Launches aprevo® Lumbar Bi-lateral Posterior SystemGlobeNewswire Inc. · Oct 14, 2026▲ Positive Carlsmed, Inc. Files Patent Infringement Lawsuit against DeGen MedicalGlobeNewswire Inc. · Sep 15, 2026▲ Positive

Quick answers

What does Carlsmed do?: Carlsmed Inc is a commercial-stage medical technology company focused on developing AI-enabled personalized solutions for spine surgery. The company operates as a single operating and reportable segment engaged in the design, manufacture, and marketing of its Aprevo technology platform, which provides customized surgical planning and implants for lumbar and cervical spine fusion procedures, mainly sold to hospitals and ambulatory surgical centers.
What is CARL's market cap?: $435.75M, based on the Nov 4 close of $15.96.
Does Carlsmed pay a dividend?: No regular cash dividend has been paid in the last year.
How much of CARL is sold short?: 1.1M shares, 11.3% of float, as of Oct 15, 2026.
What sector is CARL in?: Healthcare, in the Surgical Instruments industry.

About Carlsmed

Carlsmed Inc is a commercial-stage medical technology company focused on developing AI-enabled personalized solutions for spine surgery. The company operates as a single operating and reportable segment engaged in the design, manufacture, and marketing of its Aprevo technology platform, which provides customized surgical planning and implants for lumbar and cervical spine fusion procedures, mainly sold to hospitals and ambulatory surgical centers.

HQ: Carlsbad, CA127 employeesListed Jul 23, 2025carlsmed.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology