Get started

Financials · CVRX

CVRx Inc. (CVRX) financials

For the twelve months ended Sep 30, 2026, CVRx Inc. reported $60.33M of revenue and -$53.26M of net income.

Revenue, TTM
$60.33M
Revenue growth, YoY
+7.8%
Net income, TTM
-$53.26M
Net margin
-88.3%
Free cash flow, TTM
-$42.05M
EPS, diluted, TTM
-$2.00
Cash
$58.75M
Total debt
$58.66M
P/S
0.38
Market cap
$23.2M
Annual revenue$56.65M
FY2020FY2025
Annual net income-$53.31M
FY2020FY2025
Annual free cash flow-$40.75M
FY2020FY2025

CVRX revenue and earnings growth

CVRX revenueQ3 2026$13.83M

Quarter YoY
-5.8%
QoQ
-11.9%
FY YoY
+10.4%
5Y CAGR
+56.4%

CVRX revenue was $13.83M in fiscal Q3 2026 (ended Sep 30, 2026), down 5.8% from a year earlier and down 11.9% from the prior quarter. For the full fiscal 2025 it was $56.65M, up 10.4% from fiscal 2024. Compound annual growth was +56.4% over 5 years. It rose in each of the last 5 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

CVRX net incomeQ3 2026-$14.16M

CVRX net income was -$14.16M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$12.87M a year earlier. For the full fiscal 2025 it was -$53.31M, compared with -$59.97M in fiscal 2024.

CVRX EPSQ3 2026-$0.52

CVRX diluted EPS was -$0.52 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.49 a year earlier. For the full fiscal 2025 it was -$2.04, compared with -$2.65 in fiscal 2024.

CVRX free cash flowQ3 2026-$10.99M

CVRX free cash flow was -$10.99M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$10.00M a year earlier. For the full fiscal 2025 it was -$40.75M, compared with -$40.51M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$56.65M$51.29M$39.30M$22.47M$13.04M$6.05M
Cost of revenue$8.31M$8.33M$6.26M$5.00M$3.64M$1.44M
Gross profit$48.34M$42.96M$33.04M$17.47M$9.40M$4.61M
Research and development$11.13M$11.13M$11.63M$9.95M$7.50M$6.41M
Selling, general and admin$88.47M$91.32M$64.51M$50.05M$27.86M$9.72M
Operating income-$51.27M-$59.49M-$43.10M-$42.53M-$25.97M-$11.51M
Interest expense$5.83M$4.40M$1.80M$165.0K$2.22M$2.47M
Pre-tax income-$53.32M-$59.91M-$41.05M-$41.32M-$42.99M-$14.02M
Income tax-$18.0K$55.0K$147.0K$109.0K$91.0K$85.0K
Net income-$53.31M-$59.97M-$41.20M-$41.43M-$43.08M-$14.11M
EPS, basic-$2.04-$2.65-$1.99-$2.02-$4.16-$37.01
EPS, diluted-$2.04-$2.65-$1.99-$2.02-$4.16-$37.01
Diluted shares26.1M22.6M20.8M20.5M10.4M387,083

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$75.71M$105.93M$90.57M$106.19M$142.07M$59.11M
Receivables$10.66M$9.27M$7.60M$5.50M$2.56M$1.28M
Inventory$12.21M$12.11M$10.98M$6.96M$3.88M$3.34M
Current assets$101.65M$129.81M$112.09M$122.88M$151.10M$64.34M
Total assets$104.79M$133.41M$115.23M$124.94M$152.55M$64.78M
Current liabilities$13.32M$10.76M$7.86M$8.09M$5.91M$7.98M
Short-term debt-----$0
Long-term debt$49.51M$49.27M$29.22M$6.75M$0$19.28M
Total debt$49.51M$49.27M$29.22M$6.75M$0$19.28M
Total liabilities$65.47M$62.36M$39.28M$15.76M$6.59M$28.03M
Shareholders' equity$39.32M$71.06M$75.95M$109.18M$145.96M-$293.24M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$40.17M-$39.14M-$39.02M-$42.68M-$27.73M-$16.10M
Capital expenditures$580.0K$1.36M$591.0K$685.0K$1.18M$311.0K
Free cash flow-$40.75M-$40.51M-$39.61M-$43.36M-$28.91M-$16.41M
Investing cash flow-$580.0K-$1.36M-$591.0K-$685.0K-$1.18M-$311.0K
Financing cash flow$10.52M$55.87M$23.98M$7.49M$111.88M$49.78M
Stock-based compensation$11.05M$19.05M$6.30M$3.89M$1.91M$132.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY10.4%30.5%74.9%72.4%115.4%-
Gross margin85.3%83.8%84.1%77.8%72.1%76.2%
Operating margin-90.5%-116.0%-109.7%-189.3%-199.2%-190.2%
Net margin-94.1%-116.9%-104.8%-184.4%-330.5%-233.1%
Free cash flow margin-71.9%-79.0%-100.8%-193.0%-221.8%-271.1%
Return on equity-135.6%-84.4%-54.2%-37.9%-29.5%-
Return on assets-50.9%-44.9%-35.8%-33.2%-28.2%-21.8%
Current ratio7.6312.0614.2515.1925.578.07
Debt to equity1.260.690.380.060.00-

Source: XBRL data CVRx Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CVRX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CVRX$60.33M+7.8%-$53.26M-88.3%$23.2M
SYK$26.30B+7.9%$3.62B13.8%$124.05B
MMM$25.25B+1.7%$3.54B14.0%$95.67B
BSX$21.07B+8.9%$3.50B16.6%$61.96B
BDX$23.25B+17.4%$941.00M4.0%$57.71B
MDLN$30.68B-$683.00M2.2%$52.13B
RMD$5.73B+9.0%$1.59B27.8%$33.10B
DXCM$5.10B+13.0%$991.00M19.4%$29.62B
WST$3.40B+12.6%$638.90M18.8%$27.85B

CVRX FAQ

9 questions
  • What is CVRX revenue?
    CVRx Inc. (CVRX) reported $60.33M of revenue for the twelve months ended Sep 30, 2026. That is up 7.8% from the year before. Revenue for fiscal 2025 was $56.65M.
  • Is CVRX profitable?
    No. CVRx Inc. reported a net loss of $53.26M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does CVRX have?
    CVRx Inc. reported $58.75M in cash and cash equivalents and $58.66M of debt on its most recent balance sheet in SEC filings.
  • How fast is CVRX revenue growing?
    CVRx Inc.'s revenue changed +10.4% in fiscal 2025, to $56.65M. Its compound annual growth rate was +56.4% over 5 years.
  • What is CVRX gross margin?
    CVRx Inc.'s gross profit was $52.43M on $60.33M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 86.9%.
  • What is CVRX free cash flow?
    CVRx Inc. generated -$42.05M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$41.65M less capital expenditures.
  • What is CVRX earnings per share?
    Diluted earnings per share were -$2.00 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CVRX last report financial results?
    The latest statements here come from CVRx Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this CVRX financial data come from?
    Quantisnow builds these statements from the structured XBRL data CVRx Inc. files with the SEC. It is provided for information only and is not investment advice.