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CVRX logoCVRx, Inc.(CVRX)Earnings, Financials & Key Ratios

CVRX•NASDAQ
$7.32
$192M mkt cap·Price updated May 7, 2026
SectorHealthcareIndustryMedical DevicesSub-IndustryNeuromodulation and neuro devices
AboutCVRx, Inc., a commercial-stage medical device company, focuses on developing, manufacturing, and commercializing neuromodulation solutions for patients with cardiovascular diseases. It offers Barostim, a neuromodulation device indicated to improve symptoms for patients with heart failure (HF) with reduced ejection fraction or systolic HF. The company sells its products through direct sales force, as well as sales agents and independent distributors in the United States, Germany, rest of Europe, and internationally. CVRx, Inc. was incorporated in 2000 and is headquartered in Minneapolis, Minnesota.Show more
  • Revenue$57M+10.4%
  • EBITDA-$51M+12.9%
  • Net Income-$53M+11.1%
  • EPS (Diluted)-2.04+23.0%
  • Gross Margin85.33%+1.9%
  • EBITDA Margin-90.49%+21.2%
  • Operating Margin-90.49%+22.0%
  • Net Margin-94.1%+19.5%
  • ROE-96.59%-18.4%
  • ROIC-256.67%+9.3%
  • Debt/Equity1.29+82.0%
  • Interest Coverage-8.80+35.0%
Technical→

CVRX Key Insights

CVRx, Inc. (CVRX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 56.4%

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 15.4% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CVRX Price & Volume

CVRx, Inc. (CVRX) stock price & volume — 10-year historical chart

Loading chart...

CVRX Growth Metrics

CVRx, Inc. (CVRX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years56.4%
3 Years36.11%
TTM18.44%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM11.04%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM25.19%

Return on Capital

10 Years-39.34%
5 Years-39.17%
3 Years-46.02%
Last Year-47.88%

CVRX Recent Earnings

CVRx, Inc. (CVRX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q1 2026Latest
Feb 12, 2026
EPS
$0.46
Est $0.42
-9.5%
Revenue
$16M
Est $16M
+1.6%
Q4 2025
Nov 5, 2025
EPS
$0.49
Est $0.50
+2.0%
Revenue
$15M
Est $16M
-6.7%
Q3 2025
Aug 4, 2025
EPS
$0.57
Est $0.52
-9.6%
Revenue
$14M
Est $14M
-5.6%
Q2 2025
May 8, 2025
EPS
$0.53
Est $0.56
+5.4%
Revenue
$12M
Est $13M
-7.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 12, 2026
$0.46vs $0.42-9.5%
$16Mvs $16M+1.6%
Q4 2025Nov 5, 2025
$0.49vs $0.50+2.0%
$15Mvs $16M-6.7%
Q3 2025Aug 4, 2025
$0.57vs $0.52-9.6%
$14Mvs $14M-5.6%
Q2 2025May 8, 2025
$0.53vs $0.56+5.4%
$12Mvs $13M-7.3%
Based on last 12 quarters of dataView full earnings history →

CVRX Peer Comparison

CVRx, Inc. (CVRX) competitors in Neuromodulation and neuro devices — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
LIVN logoLIVNLivaNova PLCDirect Competitor3.88B70.93-15.9410.74%7.47%9.13%0.39
NVCR logoNVCRNovoCure LimitedDirect Competitor1.92B16.83-13.808.28%-25.66%-50.82%0.85
LFST logoLFSTLifeStance Health Group, Inc.Direct Competitor3.43B8.85442.5013.85%1.55%1.56%0.13
MDT logoMDTMedtronic plcProduct Competitor99.94B77.9621.603.62%13%9.45%0.59
ABT logoABTAbbott LaboratoriesProduct Competitor151.3B87.0111.394.59%31.88%27.26%0.32
BSX logoBSXBoston Scientific CorporationProduct Competitor84.08B56.5829.1619.87%14.4%12.4%0.51
AVNT logoAVNTAvient CorporationProduct Competitor3.35B36.5041.010.61%4.81%6.59%0.81
ELMD logoELMDElectromed, Inc.Product Competitor222.39M26.8631.2316.97%13.06%19.79%0.00

Compare CVRX vs Peers

CVRx, Inc. (CVRX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LIVN

Most directly comparable listed peer for CVRX.

Scale Benchmark

vs ABT

Larger-name benchmark to compare CVRX against a more recognizable public peer.

Peer Set

Compare Top 5

vs LIVN, NVCR, LFST, MDT

CVRX Income Statement

CVRx, Inc. (CVRX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue6.26M6.05M13.04M22.47M39.3M51.29M56.65M55.97M
Revenue Growth %--3.26%115.36%72.36%74.89%30.53%10.45%18.44%
Cost of Goods Sold1.68M1.44M3.64M5M6.26M8.33M8.31M8.41M
COGS % of Revenue26.9%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 Expenses14.77M16.13M35.36M60M76.14M102.45M99.61M97.91M
OpEx % of Revenue236.02%266.43%271.28%267.02%193.77%199.73%175.82%-
Selling, General & Admin6.11M9.72M27.86M50.05M64.51M91.32M88.47M86.98M
SG&A % of Revenue97.59%160.53%213.74%222.73%164.17%178.03%156.17%-
Research & Development8.66M6.41M7.5M9.95M11.63M11.13M11.13M10.94M
R&D % of Revenue138.44%105.9%57.54%44.29%29.6%21.7%19.65%-
Other Operating Expenses00000000
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)56K75K168K412K522K619K0748K
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 Income00000000
Interest Expense1.72M2.47M2.22M165K1.8M4.4M5.83M5.93M
Other Income/Expense-4.37M-2.51M-17.02M1.21M2.05M-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 Tax73K85K91K109K147K55K18K-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 Operations00000000
Minority Interest00000000
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 Outstanding482.58K387.08K20.72M20.53M20.75M22.6M26.08M26.17M
Basic Shares Outstanding482.58K387.08K20.72M20.51M20.7M22.6M26.08M26.17M
Dividend Payout Ratio--------

CVRX Balance Sheet

CVRx, Inc. (CVRX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets28.91M64.34M151.1M122.88M112.09M129.81M101.65M107.89M
Cash & Short-Term Investments25.74M59.11M142.07M106.19M90.57M105.93M75.71M85.12M
Cash Only25.74M59.11M142.07M106.19M90.57M105.93M75.71M85.12M
Short-Term Investments00000000
Accounts Receivable719K1.28M2.56M5.5M7.55M9.27M10.66M8.21M
Days Sales Outstanding41.9477.2571.6889.4170.1465.9568.7154.85
Inventory2.07M3.34M3.88M6.96M10.98M12.11M12.21M11.39M
Days Inventory Outstanding449.36847.36389.07507.96640.79530.24536.02508.74
Other Current Assets002.58M4.22M2.99M2.5M3.07M3.16M
Total Non-Current Assets200K436K1.45M2.06M3.14M3.6M3.15M3.44M
Property, Plant & Equipment174K410K1.43M2.03M3.11M3.57M3.12M3.41M
Fixed Asset Turnover35.96x14.76x9.15x11.06x12.63x14.35x18.15x16.22x
Goodwill00000000
Intangible Assets00000000
Long-Term Investments00000000
Other Non-Current Assets26K26K26K27K27K27K26K105K
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 Turnover0.21x0.09x0.09x0.18x0.34x0.38x0.54x0.45x
Asset Growth %-122.55%135.5%-18.1%-7.77%15.78%-21.45%49.6%
Total Current Liabilities8.61M7.98M5.91M8.09M7.86M10.76M13.32M11.22M
Accounts Payable437K483K510K1.72M1.88M2.58M3.83M3.63M
Days Payables Outstanding94.77122.4351.14125.51109.92113.08168.34130.11
Short-Term Debt00000000
Deferred Revenue (Current)00000000
Other Current Liabilities3.54M5.26M2.32M3.26M4.11M5.67M9.48M7.25M
Current Ratio3.36x8.07x25.57x15.19x14.25x12.06x7.63x7.63x
Quick Ratio3.12x7.65x24.92x14.33x12.86x10.94x6.72x6.72x
Cash Conversion Cycle396.53802.18409.6471.86601.01483.11436.39433.48
Total Non-Current Liabilities299.54M350.04M681K7.67M31.42M51.6M52.15M52.05M
Long-Term Debt18.99M19.28M06.75M29.22M49.27M50.15M50.18M
Capital Lease Obligations000117K1.16M877K638K3.23M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities280.54M330.76M681K805K1.04M1.45M1.36M6.63M
Total Liabilities308.15M358.01M6.59M15.76M39.28M62.36M65.47M63.27M
Total Debt18.99M19.28M07.09M30.61M50.43M50.79M50.18M
Net Debt-6.75M-39.83M-142.07M-99.11M-59.96M-55.5M-24.92M-34.94M
Debt / Equity---0.06x0.40x0.71x1.29x1.29x
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-578.23-757.567.045.323.663.141.511.84
Total Shareholders' Equity-279.04M-293.24M145.96M109.18M75.95M71.06M39.32M48.05M
Common Stock5K4K204K207K209K253K263K262K
Retained Earnings-337.57M-351.68M-394.75M-436.18M-477.38M-537.35M-590.65M-578.72M
Treasury Stock00000000
Accumulated OCI-189K-190K-198K-207K-207K-206K-203K-204K
Minority Interest00000000

CVRX Cash Flow Statement

CVRx, Inc. (CVRX) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
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 & Amortization56K75K168K412K522K619K756K555K
Stock-Based Compensation66K132K1.91M3.89M6.3M19.05M11.05M8.06M
Deferred Taxes0014.62M00000
Other Non-Cash Items3.06M657K229K25K158K203K1.33M3.32M
Working Capital Changes-1.33M-2.85M-1.58M-5.57M-4.8M949K01.67M
Change in Receivables-183K-562K-1.28M-2.94M-2.05M-1.72M-1.4M824K
Change in Inventory-216K-1.27M-537K-3.08M-4.03M-1.12M-98K498K
Change in Payables-1.05M46K27K1.21M165K698K1.25M352K
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 Revenue1.69%5.14%9.07%3.05%1.5%2.65%1.02%-
Acquisitions00000000
Investments--------
Other Investing00000000
Cash from Financing29.55M49.78M111.88M7.49M23.98M55.87M10.52M23.94M
Debt Issued (Net)5.34M0-21.3M7.5M22.5M20M0-19.85M
Equity Issued (Net)1000K1000K1000K001000K02.49M
Dividends Paid00000000
Share Repurchases00-1K00000
Other Financing-478K023K-7K1.48M3.35M10.52M21.33M
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)0.87x1.14x0.64x1.03x0.95x0.65x0.75x0.75x
Interest Paid1.22M2.03M1.71M59K1.4M001.16M
Taxes Paid15K10K2K5K4K000

CVRX Key Ratios

CVRx, Inc. (CVRX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
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 Margin76.21%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--0.06x0.40x0.71x1.29x1.29x
Interest Coverage-4.66x-11.70x-257.74x-23.96x-13.53x-8.80x-7.79x
FCF Conversion1.14x0.64x1.03x0.95x0.65x0.75x0.75x
Revenue Growth-3.26%115.36%72.36%74.89%30.53%10.45%18.44%

CVRX SEC Filings & Documents

CVRx, Inc. (CVRX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 13, 2026·SEC

Material company update

Mar 3, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

4
FY 2026

Feb 13, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 9, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 5, 2025·SEC

FY 2025

May 9, 2025·SEC

CVRX Frequently Asked Questions

CVRx, Inc. (CVRX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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.

Dividend & Returns

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.

Explore More CVRX

CVRx, Inc. (CVRX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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