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Carlsmed vs Lensar: CARL and LNSR compared
Carlsmed is the larger company: $18.9M of revenue in its latest quarter (Q2 2026) against $16.5M for Lensar (Q2 2026). Carlsmed is growing faster (+57% against +18% a year earlier). Lensar is more profitable, with an operating margin of 12.9% against -58.3%.
Where the money goes: CARL and LNSR
Carlsmed (CARL) · 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 follows the revenue to costs, profit and cash.
Lensar (LNSR) · Q2 2026
Lensar, Q2 2026: revenue $16.5M (+18% year over year), operating margin 12.9%, net earnings $3.5M, operating cash flow −$127K. The chart follows the revenue to costs, profit and cash.
| Carlsmed (CARL) | Lensar (LNSR) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $18.9M | $16.5M |
| Revenue growth, Y/Y | +57% | +18% |
| Operating margin | -58.3% | 12.9% |
| Net earnings | −$10.5M | $3.5M |
| Net margin | -55.5% | 21.4% |
| Operating cash flow | −$7.4M | −$127K |
Where the revenue comes from
Lensar
- Product: $13.0M (79%)
- Other revenues: $1.8M (11%)
- Service: $1.7M (10%)
Questions
Which is bigger, Carlsmed or Lensar?
Carlsmed is the larger company: $18.9M of revenue in its latest quarter (Q2 2026) against $16.5M for Lensar (Q2 2026).
Is Carlsmed or Lensar growing faster?
Carlsmed is growing faster (+57% against +18% a year earlier).
Which is more profitable, Carlsmed or Lensar?
Lensar is more profitable, with an operating margin of 12.9% against -58.3%.
More: Carlsmed earnings · how Carlsmed makes money · Lensar earnings · how Lensar makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.