Carlsmed Inc(CARL) - 2025 Q4 - Annual Report

For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Washington, D.C. 20549 l FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission File Number 001-42756 CARLSMED, INC. (Exact name of Registrant as specified in its Charter) Delaware 83-1081863 (State or other jurisdiction of inc ...