CVRx, Inc. (CVRX) Financial Statements
Industry: Surgical & Medical Instruments & Apparatus
In fiscal 2025, CVRx reported revenue of $56.7M, up 10.4% from $51.3M the year before. Net income was -$53.3M (a -94.1% net margin), or -$2.04 per diluted share. Gross margin was 85.3% and operating margin was -90.5%. Operating activities generated -$40.2M of cash, leaving -$40.8M of free cash flow. At fiscal year end, CVRx held $104.8M in total assets against $65.5M in total liabilities, including $75.7M of cash and equivalents.
Open the full interactive CVRx financials → Quarterly statements, key ratios, valuation history and price charts.
CVRx Key Stats
| Share Price | $1.36 |
|---|---|
| Market Cap | $36.1M |
| Revenue YoY Growth | +10.4% |
| 52-Week Range | $1.36 – $10.81 |
| Shares Outstanding | 26.5 million (basic, 2026 Q2) |
CVRx Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $13.0M | $22.5M | $39.3M | $51.3M | $56.7M |
| Gross Profit | $9.4M | $17.5M | $33.0M | $43.0M | $48.3M |
| Operating Income | -$26.0M | -$42.5M | -$43.1M | -$59.5M | -$51.3M |
| Pre-Tax Income | -$43.0M | -$41.3M | -$41.1M | -$59.9M | -$53.3M |
| Income Tax | $91,000 | $109,000 | $147,000 | $55,000 | -$18,000 |
| Net Income | -$43.1M | -$41.4M | -$41.2M | -$60.0M | -$53.3M |
| Diluted EPS | -$4.16 | -$2.02 | -$1.99 | -$2.65 | -$2.04 |
CVRx Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $14.7M | $16.0M | $14.8M | $15.7M |
| Net Income | -$12.9M | -$11.9M | -$13.1M | -$14.0M |
| Diluted EPS | -$0.49 | -$0.46 | -$0.50 | -$0.53 |
CVRx Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $142.1M | $106.2M | $90.6M | $105.9M | $75.7M |
| Current Assets | $151.1M | $122.9M | $112.1M | $129.8M | $101.6M |
| Total Assets | $152.5M | $124.9M | $115.2M | $133.4M | $104.8M |
| Current Liabilities | $5.9M | $8.1M | $7.9M | $10.8M | $13.3M |
| Total Long-Term Debt | — | $6.7M | $29.2M | $49.3M | $49.5M |
| Total Liabilities | $6.6M | $15.8M | $39.3M | $62.4M | $65.5M |
| Shareholders' Equity | $146.0M | $109.2M | $75.9M | $71.1M | $39.3M |
CVRx Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$27.7M | -$42.7M | -$39.0M | -$39.1M | -$40.2M |
| Cash From Investing | -$1.2M | -$685,000 | -$591,000 | -$1.4M | -$580,000 |
| Cash From Financing | $111.9M | $7.5M | $24.0M | $55.9M | $10.5M |
| Free Cash Flow | -$28.9M | -$43.4M | -$39.6M | -$40.5M | -$40.8M |
Figures from CVRx's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full CVRx financials page for every line item.
CVRx Company Profile
| Ticker | CVRX |
|---|---|
| Exchange | Nasdaq |
| Industry | Surgical & Medical Instruments & Apparatus |
| Headquarters | Minneapolis, Minnesota |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Emerging growth company |
| SEC CIK | 0001235912 |
Frequently Asked Questions
What was CVRx's revenue in fiscal 2025?
CVRx (CVRX) reported revenue of $56.7M for fiscal 2025.
What is CVRx's annual revenue history?
CVRx's annual revenue by fiscal year: 2021: $13.0M; 2022: $22.5M; 2023: $39.3M; 2024: $51.3M; 2025: $56.7M.
What was CVRx's net income in fiscal 2025?
CVRx reported net income of -$53.3M for fiscal 2025.
What was CVRx's earnings per share (EPS) in fiscal 2025?
CVRx's diluted EPS was -$2.04 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did CVRx generate in fiscal 2025?
CVRx generated -$40.8M of free cash flow in fiscal 2025.
What was CVRx's revenue last quarter?
In its most recent reported quarter (2026 Q2), CVRx reported revenue of $15.7M.
How much debt does CVRx have?
CVRx reported $49.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of CVRx are outstanding?
CVRx reported a weighted average of 26.5 million basic shares outstanding in 2026 Q2.
What is CVRx's market cap?
Based on its latest closing price, CVRx (CVRX) has a market capitalization of about $36.1M.
When does CVRx's fiscal year end?
CVRx's fiscal year end, as registered with the SEC, is December 31.
Where is CVRx headquartered?
CVRx lists its business address in Minneapolis, Minnesota in its SEC filings.