CARLSMED, INC.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 5, 2026
CARL$14.52-5.2%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(8,696) | $(5,729) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 99 | 40 |
| Stock-based compensation | 1,629 | 175 |
| Non-cash interest | 36 | 54 |
| Loss on remeasurement of warrant liabilities | — | 33 |
| Non-cash lease expense | 163 | 99 |
| Provision for credit losses | 402 | 52 |
| Provision for excess and obsolete inventory | 552 | 311 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (1,308) | (1,405) |
| Inventory | (771) | (577) |
| Prepaid expenses and other assets | (355) | 96 |
| Accounts payable | (1,531) | (570) |
| Accrued liabilities | (74) | 474 |
| Accrued compensation | (2,976) | (1,103) |
| Lease liabilities | (177) | (105) |
| Net cash used in operating activities | (13,007) | (8,155) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (79) | (83) |
| Capitalized internal use software costs | (127) | (155) |
| Net cash used in investing activities | (206) | (238) |
| Cash flows from financing activities: | ||
| Payments for deferred initial public offering costs | — | (368) |
| Proceeds from issuance of Series C convertible preferred stock, net of issuance costs | — | 11,919 |
| Proceeds from exercises of stock options | 436 | 149 |
| Net cash provided by financing activities | 436 | 11,700 |
| (Decrease) increase in cash, cash equivalents, and restricted cash | (12,777) | 3,307 |
| Cash, cash equivalents, and restricted cash at beginning of the period | 85,893 | 40,225 |
| Cash, cash equivalents, and restricted cash at end of the period | $73,116 | $43,532 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.