8-K Announcements
6Apr 13, 2026·SEC
Mar 3, 2026·SEC
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CVRx, Inc. (CVRX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CVRx, Inc. (CVRX) stock price & volume — 10-year historical chart
CVRx, Inc. (CVRX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
CVRx, Inc. (CVRX) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $0.46vs $0.42-9.5% | $16Mvs $16M+1.6% |
| Q4 2025 | Nov 5, 2025 | $0.49vs $0.50+2.0% | $15Mvs $16M-6.7% |
| Q3 2025 | Aug 4, 2025 | $0.57vs $0.52-9.6% | $14Mvs $14M-5.6% |
| Q2 2025 | May 8, 2025 | $0.53vs $0.56+5.4% | $12Mvs $13M-7.3% |
CVRx, Inc. (CVRX) competitors in Neuromodulation and neuro devices — business model, growth, and fundamentals comparison
CVRx, Inc. (CVRX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CVRx, Inc. (CVRX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 6.26M | 6.05M | 13.04M | 22.47M | 39.3M | 51.29M | 56.65M | 55.97M |
| Revenue Growth % | - | -3.26% | 115.36% | 72.36% | 74.89% | 30.53% | 10.45% | 18.44% |
| Cost of Goods Sold | 1.68M | 1.44M | 3.64M | 5M | 6.26M | 8.33M | 8.31M | 8.41M |
| COGS % of Revenue | 26.9% | 23.79% | 27.92% | 22.25% | 15.92% | 16.25% | 14.67% | - |
| Gross Profit | 4.57M▲ 0% | 4.61M▲ 0.9% | 9.4M▲ 103.7% | 17.47M▲ 85.9% | 33.04M▲ 89.1% | 42.96M▲ 30.0% | 48.34M▲ 12.5% | 47.56M▲ 0% |
| Gross Margin % | 73.1% | 76.21% | 72.08% | 77.75% | 84.08% | 83.75% | 85.33% | 84.97% |
| Gross Profit Growth % | - | 0.85% | 103.69% | 85.93% | 89.12% | 30.02% | 12.53% | - |
| Operating Expenses | 14.77M | 16.13M | 35.36M | 60M | 76.14M | 102.45M | 99.61M | 97.91M |
| OpEx % of Revenue | 236.02% | 266.43% | 271.28% | 267.02% | 193.77% | 199.73% | 175.82% | - |
| Selling, General & Admin | 6.11M | 9.72M | 27.86M | 50.05M | 64.51M | 91.32M | 88.47M | 86.98M |
| SG&A % of Revenue | 97.59% | 160.53% | 213.74% | 222.73% | 164.17% | 178.03% | 156.17% | - |
| Research & Development | 8.66M | 6.41M | 7.5M | 9.95M | 11.63M | 11.13M | 11.13M | 10.94M |
| R&D % of Revenue | 138.44% | 105.9% | 57.54% | 44.29% | 29.6% | 21.7% | 19.65% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -10.19M▲ 0% | -11.51M▼ 12.9% | -25.97M▼ 125.5% | -42.53M▼ 63.8% | -43.1M▼ 1.4% | -59.49M▼ 38.0% | -51.27M▲ 13.8% | -50.35M▲ 0% |
| Operating Margin % | -162.92% | -190.22% | -199.2% | -189.27% | -109.69% | -115.98% | -90.49% | -89.97% |
| Operating Income Growth % | - | -12.95% | -125.53% | -63.77% | -1.35% | -38.02% | 13.83% | - |
| EBITDA | -10.14M | -11.44M | -25.8M | -42.12M | -42.58M | -58.87M | -51.27M | -49.61M |
| EBITDA Margin % | -162.03% | -188.98% | -197.91% | -187.44% | -108.36% | -114.78% | -90.49% | -88.63% |
| EBITDA Growth % | - | -12.83% | -125.54% | -63.24% | -1.11% | -38.26% | 12.92% | 14.92% |
| D&A (Non-Cash Add-back) | 56K | 75K | 168K | 412K | 522K | 619K | 0 | 748K |
| EBIT | -12.84M | -11.55M | -40.77M | -41.15M | -39.25M | -55.51M | -51.27M | -46.17M |
| Net Interest Income | -1.72M | -2.47M | -2.22M | -165K | -1.8M | -4.4M | -5.83M | -5.93M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.72M | 2.47M | 2.22M | 165K | 1.8M | 4.4M | 5.83M | 5.93M |
| Other Income/Expense | -4.37M | -2.51M | -17.02M | 1.21M | 2.05M | -420K | -2.06M | -1.75M |
| Pretax Income | -14.56M▲ 0% | -14.02M▲ 3.7% | -42.99M▼ 206.5% | -41.32M▲ 3.9% | -41.05M▲ 0.6% | -59.91M▼ 45.9% | -53.32M▲ 11.0% | -52.1M▲ 0% |
| Pretax Margin % | -232.7% | -231.69% | -329.76% | -183.89% | -104.47% | -116.8% | -94.13% | -93.1% |
| Income Tax | 73K | 85K | 91K | 109K | 147K | 55K | 18K | -82K |
| Effective Tax Rate % | -0.5% | -0.61% | -0.21% | -0.26% | -0.36% | -0.09% | -0.03% | 0.16% |
| Net Income | -14.63M▲ 0% | -14.11M▲ 3.6% | -43.08M▼ 205.3% | -41.43M▲ 3.8% | -41.2M▲ 0.6% | -59.97M▼ 45.5% | -53.31M▲ 11.1% | -52.02M▲ 0% |
| Net Margin % | -233.87% | -233.09% | -330.45% | -184.38% | -104.85% | -116.91% | -94.1% | -92.95% |
| Net Income Growth % | - | 3.58% | -205.32% | 3.83% | 0.55% | -45.55% | 11.1% | 11.04% |
| Net Income (Continuing) | -14.63M | -14.11M | -43.08M | -41.43M | -41.2M | -59.97M | -53.34M | -52.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.76▲ 0% | -0.73▲ 3.9% | -2.11▼ 189.0% | -2.02▲ 4.3% | -1.99▲ 1.5% | -2.65▼ 33.2% | -2.04▲ 23.0% | -1.99▲ 0% |
| EPS Growth % | - | 3.95% | -189.04% | 4.27% | 1.49% | -33.17% | 23.02% | 25.19% |
| EPS (Basic) | -0.76 | -0.73 | -2.11 | -2.02 | -1.99 | -2.65 | -2.04 | - |
| Diluted Shares Outstanding | 482.58K | 387.08K | 20.72M | 20.53M | 20.75M | 22.6M | 26.08M | 26.17M |
| Basic Shares Outstanding | 482.58K | 387.08K | 20.72M | 20.51M | 20.7M | 22.6M | 26.08M | 26.17M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
CVRx, Inc. (CVRX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 28.91M | 64.34M | 151.1M | 122.88M | 112.09M | 129.81M | 101.65M | 107.89M |
| Cash & Short-Term Investments | 25.74M | 59.11M | 142.07M | 106.19M | 90.57M | 105.93M | 75.71M | 85.12M |
| Cash Only | 25.74M | 59.11M | 142.07M | 106.19M | 90.57M | 105.93M | 75.71M | 85.12M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 719K | 1.28M | 2.56M | 5.5M | 7.55M | 9.27M | 10.66M | 8.21M |
| Days Sales Outstanding | 41.94 | 77.25 | 71.68 | 89.41 | 70.14 | 65.95 | 68.71 | 54.85 |
| Inventory | 2.07M | 3.34M | 3.88M | 6.96M | 10.98M | 12.11M | 12.21M | 11.39M |
| Days Inventory Outstanding | 449.36 | 847.36 | 389.07 | 507.96 | 640.79 | 530.24 | 536.02 | 508.74 |
| Other Current Assets | 0 | 0 | 2.58M | 4.22M | 2.99M | 2.5M | 3.07M | 3.16M |
| Total Non-Current Assets | 200K | 436K | 1.45M | 2.06M | 3.14M | 3.6M | 3.15M | 3.44M |
| Property, Plant & Equipment | 174K | 410K | 1.43M | 2.03M | 3.11M | 3.57M | 3.12M | 3.41M |
| Fixed Asset Turnover | 35.96x | 14.76x | 9.15x | 11.06x | 12.63x | 14.35x | 18.15x | 16.22x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 26K | 26K | 26K | 27K | 27K | 27K | 26K | 105K |
| Total Assets | 29.11M▲ 0% | 64.78M▲ 122.5% | 152.55M▲ 135.5% | 124.94M▼ 18.1% | 115.23M▼ 7.8% | 133.41M▲ 15.8% | 104.79M▼ 21.5% | 111.33M▲ 0% |
| Asset Turnover | 0.21x | 0.09x | 0.09x | 0.18x | 0.34x | 0.38x | 0.54x | 0.45x |
| Asset Growth % | - | 122.55% | 135.5% | -18.1% | -7.77% | 15.78% | -21.45% | 49.6% |
| Total Current Liabilities | 8.61M | 7.98M | 5.91M | 8.09M | 7.86M | 10.76M | 13.32M | 11.22M |
| Accounts Payable | 437K | 483K | 510K | 1.72M | 1.88M | 2.58M | 3.83M | 3.63M |
| Days Payables Outstanding | 94.77 | 122.43 | 51.14 | 125.51 | 109.92 | 113.08 | 168.34 | 130.11 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 3.54M | 5.26M | 2.32M | 3.26M | 4.11M | 5.67M | 9.48M | 7.25M |
| Current Ratio | 3.36x | 8.07x | 25.57x | 15.19x | 14.25x | 12.06x | 7.63x | 7.63x |
| Quick Ratio | 3.12x | 7.65x | 24.92x | 14.33x | 12.86x | 10.94x | 6.72x | 6.72x |
| Cash Conversion Cycle | 396.53 | 802.18 | 409.6 | 471.86 | 601.01 | 483.11 | 436.39 | 433.48 |
| Total Non-Current Liabilities | 299.54M | 350.04M | 681K | 7.67M | 31.42M | 51.6M | 52.15M | 52.05M |
| Long-Term Debt | 18.99M | 19.28M | 0 | 6.75M | 29.22M | 49.27M | 50.15M | 50.18M |
| Capital Lease Obligations | 0 | 0 | 0 | 117K | 1.16M | 877K | 638K | 3.23M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 280.54M | 330.76M | 681K | 805K | 1.04M | 1.45M | 1.36M | 6.63M |
| Total Liabilities | 308.15M | 358.01M | 6.59M | 15.76M | 39.28M | 62.36M | 65.47M | 63.27M |
| Total Debt | 18.99M | 19.28M | 0 | 7.09M | 30.61M | 50.43M | 50.79M | 50.18M |
| Net Debt | -6.75M | -39.83M | -142.07M | -99.11M | -59.96M | -55.5M | -24.92M | -34.94M |
| Debt / Equity | - | - | - | 0.06x | 0.40x | 0.71x | 1.29x | 1.29x |
| Debt / EBITDA | - | - | - | - | - | - | - | -1.01x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 0.70x |
| Interest Coverage | -5.93x | -4.66x | -11.70x | -257.74x | -23.96x | -13.53x | -8.80x | -7.79x |
| Total Equity | -279.04M▲ 0% | -293.24M▼ 5.1% | 145.96M▲ 149.8% | 109.18M▼ 25.2% | 75.95M▼ 30.4% | 71.06M▼ 6.4% | 39.32M▼ 44.7% | 48.05M▲ 0% |
| Equity Growth % | - | -5.09% | 149.77% | -25.2% | -30.44% | -6.44% | -44.66% | -23.18% |
| Book Value per Share | -578.23 | -757.56 | 7.04 | 5.32 | 3.66 | 3.14 | 1.51 | 1.84 |
| Total Shareholders' Equity | -279.04M | -293.24M | 145.96M | 109.18M | 75.95M | 71.06M | 39.32M | 48.05M |
| Common Stock | 5K | 4K | 204K | 207K | 209K | 253K | 263K | 262K |
| Retained Earnings | -337.57M | -351.68M | -394.75M | -436.18M | -477.38M | -537.35M | -590.65M | -578.72M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -189K | -190K | -198K | -207K | -207K | -206K | -203K | -204K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CVRx, Inc. (CVRX) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -12.79M | -16.1M | -27.73M | -42.68M | -39.02M | -39.14M | -40.17M | -40.17M |
| Operating CF Margin % | -204.33% | -265.92% | -212.73% | -189.94% | -99.3% | -76.32% | -70.91% | - |
| Operating CF Growth % | - | -25.9% | -72.29% | -53.89% | 8.57% | -0.32% | -2.62% | 6.67% |
| Net Income | -14.63M | -14.11M | -43.08M | -41.43M | -41.2M | -59.97M | -53.31M | -52.02M |
| Depreciation & Amortization | 56K | 75K | 168K | 412K | 522K | 619K | 756K | 555K |
| Stock-Based Compensation | 66K | 132K | 1.91M | 3.89M | 6.3M | 19.05M | 11.05M | 8.06M |
| Deferred Taxes | 0 | 0 | 14.62M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 3.06M | 657K | 229K | 25K | 158K | 203K | 1.33M | 3.32M |
| Working Capital Changes | -1.33M | -2.85M | -1.58M | -5.57M | -4.8M | 949K | 0 | 1.67M |
| Change in Receivables | -183K | -562K | -1.28M | -2.94M | -2.05M | -1.72M | -1.4M | 824K |
| Change in Inventory | -216K | -1.27M | -537K | -3.08M | -4.03M | -1.12M | -98K | 498K |
| Change in Payables | -1.05M | 46K | 27K | 1.21M | 165K | 698K | 1.25M | 352K |
| Cash from Investing | -106K | -311K | -1.18M | -685K | -591K | -1.36M | -580K | -564K |
| Capital Expenditures | -106K | -311K | -1.18M | -685K | -591K | -1.36M | -580K | -564K |
| CapEx % of Revenue | 1.69% | 5.14% | 9.07% | 3.05% | 1.5% | 2.65% | 1.02% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 29.55M | 49.78M | 111.88M | 7.49M | 23.98M | 55.87M | 10.52M | 23.94M |
| Debt Issued (Net) | 5.34M | 0 | -21.3M | 7.5M | 22.5M | 20M | 0 | -19.85M |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 0 | 2.49M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -1K | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -478K | 0 | 23K | -7K | 1.48M | 3.35M | 10.52M | 21.33M |
| Net Change in Cash | 16.65M▲ 0% | 33.37M▲ 100.4% | 82.96M▲ 148.6% | -35.88M▼ 143.2% | -15.63M▲ 56.4% | 15.36M▲ 198.3% | -30.23M▼ 296.7% | -15.04M▲ 0% |
| Free Cash Flow | -12.89M▲ 0% | -16.41M▼ 27.3% | -28.91M▼ 76.2% | -43.36M▼ 50.0% | -39.61M▲ 8.6% | -40.51M▼ 2.3% | -40.75M▼ 0.6% | -38.98M▲ 0% |
| FCF Margin % | -206.03% | -271.06% | -221.81% | -192.99% | -100.81% | -78.97% | -71.93% | -69.65% |
| FCF Growth % | - | -27.27% | -76.24% | -49.96% | 8.65% | -2.25% | -0.6% | 3.63% |
| FCF per Share | -26.71 | -42.39 | -1.40 | -2.11 | -1.91 | -1.79 | -1.56 | -1.56 |
| FCF Conversion (FCF/Net Income) | 0.87x | 1.14x | 0.64x | 1.03x | 0.95x | 0.65x | 0.75x | 0.75x |
| Interest Paid | 1.22M | 2.03M | 1.71M | 59K | 1.4M | 0 | 0 | 1.16M |
| Taxes Paid | 15K | 10K | 2K | 5K | 4K | 0 | 0 | 0 |
CVRx, Inc. (CVRX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -29.51% | -32.47% | -44.51% | -81.58% | -96.59% | -108.26% |
| Return on Invested Capital (ROIC) | - | -501.05% | -456.98% | -248.07% | -282.88% | -256.67% | -256.67% |
| Gross Margin | 76.21% | 72.08% | 77.75% | 84.08% | 83.75% | 85.33% | 84.97% |
| Net Margin | -233.09% | -330.45% | -184.38% | -104.85% | -116.91% | -94.1% | -92.95% |
| Debt / Equity | - | - | 0.06x | 0.40x | 0.71x | 1.29x | 1.29x |
| Interest Coverage | -4.66x | -11.70x | -257.74x | -23.96x | -13.53x | -8.80x | -7.79x |
| FCF Conversion | 1.14x | 0.64x | 1.03x | 0.95x | 0.65x | 0.75x | 0.75x |
| Revenue Growth | -3.26% | 115.36% | 72.36% | 74.89% | 30.53% | 10.45% | 18.44% |
CVRx, Inc. (CVRX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 13, 2026·SEC
Mar 3, 2026·SEC
Feb 12, 2026·SEC
CVRx, Inc. (CVRX) stock FAQ — growth, dividends, profitability & financials explained
CVRx, Inc. (CVRX) reported $56.0M in revenue for fiscal year 2025. This represents a 795% increase from $6.3M in 2019.
CVRx, Inc. (CVRX) grew revenue by 10.4% over the past year. This is steady growth.
CVRx, Inc. (CVRX) reported a net loss of $52.0M for fiscal year 2025.
CVRx, Inc. (CVRX) has a return on equity (ROE) of -96.6%. Negative ROE indicates the company is unprofitable.
CVRx, Inc. (CVRX) had negative free cash flow of $39.0M in fiscal year 2025, likely due to heavy capital investments.
CVRx, Inc. (CVRX) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates