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CARLSMED, INC.

For the period ended Sep 30, 2026. Filed Nov 10, 2026.

View on SEC.gov

About this filing

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.

Sep 30, 2026 · Filed Nov 10, 2026

CARL$14.71-8.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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(in thousands, except for share amounts)

Series A ConvertiblePreferred Stock · Series B ConvertiblePreferred Stock · Series C ConvertiblePreferred Stock · Common Stock · Additional · Accumulated Other · Total
SharesAmountSharesAmountSharesAmountSharesAmountPaid-InCapitalAccumulatedDeficitComprehensive LossStockholders’Equity (Deficit)
Balance as of December 31, 2025—$——$——$—26,604,505$—$199,674$(100,805)$—$98,869
Vesting of early exercised stock options——————8,961—10——10
Cashless exercise of warrants——————30,366—————
Exercise of vested stock options——————537,669—436——436
Stock-based compensation expense————————1,629——1,629
Net loss—————————(8,696)—(8,696)
Balance as of March 31, 2026—$——$——$—27,181,501$—$201,749$(109,501)$—$92,248
Vesting of early exercised stock options——————8,961—11——11
Exercise of vested stock options——————10,019—36——36
Issuance of common stock in connection with the employee stock purchase plan——————25,278—207——207
Stock-based compensation expense————————2,271——2,271
Other comprehensive loss——————————(17)(17)
Net loss—————————(10,510)—(10,510)
Balance as of June 30, 2026—$——$——$—27,225,759$—$204,274$(120,011)$(17)$84,246
Vesting of early exercised stock options——————41,816—49——49
Exercise of vested stock options——————96,963—367——367
Issuance of common stock for vested RSUs——————23,108—————
Stock-based compensation expense————————3,278——3,278
Other comprehensive loss——————————(21)(21)
Net loss—————————(12,245)—(12,245)
Balance as of September 30, 2026—$——$——$—27,387,646$—$207,968$(132,256)$(38)$75,674
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.