If you look at the ingredients separately you will see that the vital wheat gluten has most of the carbs (20g) however if you use regular wheat flour it would be 110g. The oat fiber and flax have 0g net carb and the honey is such a small amount and needed to for the yeast to work it's magic. The whole batch has roughly 28g net carbs and we are making 12 bagels from it so yes they are low carb.