STRATUMfiling intelligence๐Ÿ‡ฎ๐Ÿ‡ณ Indian private portal

CARL

CARLSMED, INC.
CIK 0001794546 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
66.1
composite ยท 3 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

Chat with this filing โ†’

Ask follow-up questions about the latest 10-K, with citations verified against the actual text. No account needed.

Investigation memo โ€” generate one โ†’

Run the bounded investigation agent โ€” reads this company's signals and writes a short, cited summary.

Signals

P-01 ยท FY 2025-12-31 ยท ELEVATED49.0

Earnings quality

Beneish M-Score -1.79 in the elevated zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-25) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.786,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.903,
    "GMI": 0.98,
    "AQI": 0.353,
    "SGI": 1.859,
    "DEPI": 2.253,
    "SGAI": 1,
    "LVGI": 0.487,
    "TATA": -0.005
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0072,
  "inputs": {
    "revenue_t": 50511000,
    "revenue_t1": 27165000,
    "total_assets_t": 130120000,
    "net_income_t": -29634000,
    "cfo_t": -28977000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1794546/000119312526071551/0001193125-26-071551-index.htm",
    "form": "10-K",
    "filed": "2026-02-25"
  }
}
P-13 ยท FY 2025-12-31 ยท ELEVATED80.0

Zombie / distress

Interest coverage -21.38x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-25) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": -21.38,
    "2024-12-31": -18.26
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": 4.884,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -30574000,
    "interest_expense_t": 1430000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1794546/000119312526071551/0001193125-26-071551-index.htm",
    "form": "10-K",
    "filed": "2026-02-25"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN6.6

Restatement predictor

F-Score 0.20 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-25) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.199,
  "probability": 0.00074,
  "components": {
    "rsst": -0.0072,
    "drec": 0.0505,
    "dinv": 0.0093,
    "soft": 0.3292,
    "dcs": 0.6902,
    "droa": 0.2403,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1794546/000119312526071551/0001193125-26-071551-index.htm",
    "form": "10-K",
    "filed": "2026-02-25"
  }
}