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Filing Flows › Carlsmed (CARL) › Q2 2026 › vs Q1 2026

Carlsmed (CARL) Q2 2026 vs Q1 2026 (quarter over quarter)

Carlsmed's revenue rose $2.8M (+18%) from $16.1M in Q1 2026 to $18.9M in Q2 2026.

Carlsmed, Q2 2026: revenue $18.9M (+57% year over year), operating margin -58.3%, net loss $10.5M, operating cash flow −$7.4M. The chart draws each line against Q1 2026, the increases inside each band.

Carlsmed: what changed, Q2 2026 vs Q1 2026Carlsmed: what changed, Q2 2026 vs Q1 2026Working capital & other$6.8MCash used in operations−$5.6MCosts & expenses$4.6MOperating costs$4.6MNet loss$1.8MOperating cash sources$1.8MNet loss absorbed$1.8MSales & marketing$1.6MGeneral & admin$1.4MResearch & development$862K

Every line

LineQ2 2026Q1 2026Change%
Revenue$18.9M$16.1M$2.8M+18%
Other income, net$526K$580K−$54K-9%
Net loss$10.5M$8.7M$1.8M+21%
Costs & expenses$30.0M$25.4M$4.6M+18%
Operating costs$30.0M$25.4M$4.6M+18%
Cost of revenue$4.4M$3.7M$707K+19%
Research & development$6.0M$5.2M$862K+17%
Sales & marketing$11.9M$10.3M$1.6M+16%
General & admin$7.6M$6.2M$1.4M+22%
Operating cash sources$10.5M$8.7M$1.8M+21%
Depreciation & amortization$130K$99K$31K+31%
Share-based compensation$2.3M$1.6M$642K+39%
Working capital & other$751K−$6.0M$6.8M—
Cash used in operations$7.4M$13.0M−$5.6M-43%
Net loss absorbed$10.5M$8.7M$1.8M+21%

Questions

How much did Carlsmed's revenue grow quarter over quarter in Q2 2026?

Carlsmed's revenue rose $2.8M (+18%) from $16.1M in Q1 2026 to $18.9M in Q2 2026.

Q2 2026 results → · Compare in the interactive Sankey →