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Side-by-side financial comparison of CARLSMED, INC. (CARL) and OFF THE HOOK YS INC. (OTH). Click either name above to swap in a different company.
OFF THE HOOK YS INC. is the larger business by last-quarter revenue ($24.0M vs $16.1M, roughly 1.5× CARLSMED, INC.). CARLSMED, INC. runs the higher net margin — 0.3% vs -0.3%, a 0.6% gap on every dollar of revenue.
CARL vs OTH — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.1M | $24.0M |
| Net Profit | $51.8K | $-66.7K |
| Gross Margin | 77.1% | 12.6% |
| Operating Margin | -34.7% | 1.3% |
| Net Margin | 0.3% | -0.3% |
| Revenue YoY | 58.2% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $-0.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $16.1M | — | ||
| Q4 25 | $15.2M | — | ||
| Q3 25 | $13.1M | $24.0M | ||
| Q2 25 | $12.1M | — |
| Q1 26 | $51.8K | — | ||
| Q4 25 | $82.5K | — | ||
| Q3 25 | $-8.5M | $-66.7K | ||
| Q2 25 | $-6.8M | — |
| Q1 26 | 77.1% | — | ||
| Q4 25 | 76.5% | — | ||
| Q3 25 | 75.9% | 12.6% | ||
| Q2 25 | 73.4% | — |
| Q1 26 | -34.7% | — | ||
| Q4 25 | -38.0% | — | ||
| Q3 25 | -69.1% | 1.3% | ||
| Q2 25 | -53.8% | — |
| Q1 26 | 0.3% | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | -65.2% | -0.3% | ||
| Q2 25 | -56.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-0.40 | $-0.00 | ||
| Q2 25 | $-1.47 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $97.0M | $2.3M |
| Total DebtLower is stronger | — | $287.2K |
| Stockholders' EquityBook value | — | $-610.5K |
| Total Assets | $118.8M | $32.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $97.0M | — | ||
| Q4 25 | $109.8M | — | ||
| Q3 25 | $115.4M | $2.3M | ||
| Q2 25 | $33.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $15.4M | $287.2K | ||
| Q2 25 | $15.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $106.7M | $-610.5K | ||
| Q2 25 | $-83.1M | — |
| Q1 26 | $118.8M | — | ||
| Q4 25 | $130.1M | — | ||
| Q3 25 | $134.9M | $32.6M | ||
| Q2 25 | $53.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-664.2K |
| Free Cash FlowOCF − Capex | — | $-867.2K |
| FCF MarginFCF / Revenue | — | -3.6% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-8.5M | $-664.2K | ||
| Q2 25 | $-15.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-8.6M | $-867.2K | ||
| Q2 25 | $-15.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -65.9% | -3.6% | ||
| Q2 25 | -129.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.2% | 0.8% | ||
| Q2 25 | 3.4% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
