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Carlsmed (CARL) R&D spending by quarter

Carlsmed's R&D spending was $6.0M in Q2 2026 (second quarter 2026), +17% from Q1 2026. Over the last 5 quarters it ranged from $4.2M (Q2 2025) to $6.0M (Q2 2026).

Carlsmed R&D spending by quarterCarlsmed R&D spending by quarter$4.2MQ2 2025$4.4MQ3 2025$5.3MQ4 2025$5.2MQ1 2026$6.0MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$6.0M+17%+45%
Q1 2026$5.2M-2%—
Q4 2025$5.3M+18%—
Q3 2025$4.4M+7%—
Q2 2025$4.2M——

Q2 2026 at a glance

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 follows the revenue to costs, profit and cash.

Questions

What is Carlsmed's R&D spending?

Carlsmed's R&D spending was $6.0M in Q2 2026 (second quarter 2026), +17% from Q1 2026.

How has Carlsmed's R&D spending changed?

Over the last 5 quarters it ranged from $4.2M (Q2 2025) to $6.0M (Q2 2026).

Q2 2026 results → · How Carlsmed makes money →