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Side-by-side financial comparison of CARLSMED, INC. (CARL) and PCB BANCORP (PCB). Click either name above to swap in a different company.
PCB BANCORP is the larger business by last-quarter revenue ($29.2M vs $16.1M, roughly 1.8× CARLSMED, INC.). On growth, CARLSMED, INC. posted the faster year-over-year revenue change (58.2% vs 11.3%).
PCB Bank is an American community bank that focuses on the Korean-American community based in California and offers commercial banking services. It has branches in 8 states and is the third largest Korean American Bank after Bank of Hope and Hanmi Bank.
CARL vs PCB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $16.1M | $29.2M |
| Net Profit | $51.8K | — |
| Gross Margin | 77.1% | — |
| Operating Margin | -34.7% | 45.0% |
| Net Margin | 0.3% | — |
| Revenue YoY | 58.2% | 11.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $0.65 |
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 | $29.2M | ||
| Q3 25 | $13.1M | $30.4M | ||
| Q2 25 | $12.1M | $29.3M | ||
| Q1 25 | — | $26.9M | ||
| Q4 24 | — | $26.2M | ||
| Q3 24 | — | $25.3M | ||
| Q2 24 | — | $24.2M |
| Q1 26 | $51.8K | — | ||
| Q4 25 | $82.5K | — | ||
| Q3 25 | $-8.5M | $11.4M | ||
| Q2 25 | $-6.8M | $9.1M | ||
| Q1 25 | — | $7.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $7.8M | ||
| Q2 24 | — | $6.3M |
| Q1 26 | 77.1% | — | ||
| Q4 25 | 76.5% | — | ||
| Q3 25 | 75.9% | — | ||
| Q2 25 | 73.4% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -34.7% | — | ||
| Q4 25 | -38.0% | 45.0% | ||
| Q3 25 | -69.1% | 52.3% | ||
| Q2 25 | -53.8% | 43.3% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 39.3% | ||
| Q3 24 | — | 42.2% | ||
| Q2 24 | — | 36.3% |
| Q1 26 | 0.3% | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | -65.2% | 37.5% | ||
| Q2 25 | -56.0% | 31.0% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.8% | ||
| Q2 24 | — | 25.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.65 | ||
| Q3 25 | $-0.40 | $0.78 | ||
| Q2 25 | $-1.47 | $0.62 | ||
| Q1 25 | — | $0.53 | ||
| Q4 24 | — | $0.46 | ||
| Q3 24 | — | $0.52 | ||
| Q2 24 | — | $0.43 |
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 | $207.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $390.0M |
| Total Assets | $118.8M | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $97.0M | — | ||
| Q4 25 | $109.8M | $207.1M | ||
| Q3 25 | $115.4M | $369.5M | ||
| Q2 25 | $33.5M | $263.6M | ||
| Q1 25 | — | $214.3M | ||
| Q4 24 | — | $198.8M | ||
| Q3 24 | — | $193.1M | ||
| Q2 24 | — | $177.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $15.4M | — | ||
| Q2 25 | $15.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | $106.7M | $384.5M | ||
| Q2 25 | $-83.1M | $376.5M | ||
| Q1 25 | — | $370.9M | ||
| Q4 24 | — | $363.8M | ||
| Q3 24 | — | $362.3M | ||
| Q2 24 | — | $353.5M |
| Q1 26 | $118.8M | — | ||
| Q4 25 | $130.1M | $3.3B | ||
| Q3 25 | $134.9M | $3.4B | ||
| Q2 25 | $53.3M | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $26.6M |
| Free Cash FlowOCF − Capex | — | $24.4M |
| FCF MarginFCF / Revenue | — | 83.6% |
| Capex IntensityCapex / Revenue | — | 7.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $46.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $26.6M | ||
| Q3 25 | $-8.5M | $16.4M | ||
| Q2 25 | $-15.2M | $4.9M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $39.0M | ||
| Q3 24 | — | $11.9M | ||
| Q2 24 | — | $14.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $24.4M | ||
| Q3 25 | $-8.6M | $16.2M | ||
| Q2 25 | $-15.6M | $3.8M | ||
| Q1 25 | — | $1.6M | ||
| Q4 24 | — | $34.9M | ||
| Q3 24 | — | $11.9M | ||
| Q2 24 | — | $12.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 83.6% | ||
| Q3 25 | -65.9% | 53.2% | ||
| Q2 25 | -129.2% | 13.1% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | — | 133.2% | ||
| Q3 24 | — | 46.8% | ||
| Q2 24 | — | 53.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.5% | ||
| Q3 25 | 1.2% | 0.8% | ||
| Q2 25 | 3.4% | 3.7% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 7.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 0.54× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.52× | ||
| Q2 24 | — | 2.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
