NASDAQ : CVRX
CVRx, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 1.425 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 37.96M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CVRx, Inc. (CVRX) reported revenue of 61.19M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 61.19M | 56.65M | 51.29M | 39.30M | 22.47M | 13.04M |
| Cost of Revenue | 8.01M | 8.31M | 8.33M | 6.26M | 5.00M | 3.64M |
| Gross Profit | 53.18M | 48.34M | 42.96M | 33.04M | 17.47M | 9.40M |
| Selling, General & Admin | 89.46M | 88.47M | 91.32M | 64.51M | 50.05M | 27.86M |
| Research & Development | 12.36M | 11.13M | 11.13M | 11.63M | 9.95M | 7.50M |
| Operating Expenses | 101.82M | 99.61M | 102.45M | 76.14M | 60.00M | 35.36M |
| Operating Income | -48.64M | -51.27M | -59.49M | -43.10M | -42.53M | -25.97M |
| Interest Expense | -6.03M | -5.83M | -4.40M | -1.80M | -165.00K | -2.22M |
| Other Non Operating Income (Expenses) | 2.69M | 3.77M | 3.98M | 3.85M | 1.37M | -13.47M |
| EBT Excluding Unusual Items | -51.97M | -53.32M | -59.91M | -41.05M | -41.32M | -41.66M |
| Other Unusual Items | -1.32M | |||||
| Pretax Income | -51.97M | -53.32M | -59.91M | -41.05M | -41.32M | -42.99M |
| Income Tax Expense | -6.00K | -18.00K | 55.00K | 147.00K | 109.00K | 91.00K |
| Net Income | -51.97M | -53.31M | -59.97M | -41.20M | -41.43M | -43.08M |
| Net Income to Common | -51.97M | -53.31M | -59.97M | -41.20M | -41.43M | -43.08M |
| Shares Outstanding (Basic) | 26.32M | 26.08M | 22.60M | 20.75M | 20.53M | 10.36M |
| Shares Outstanding (Diluted) | 26.32M | 26.08M | 22.60M | 20.75M | 20.53M | 10.36M |
| EPS (Basic) | -1.97 | -2.04 | -2.65 | -1.99 | -2.02 | -4.16 |
| EPS (Diluted) | -1.97 | -2.04 | -2.65 | -1.99 | -2.02 | -4.16 |
| Free Cash Flow | -41.05M | -40.75M | -40.51M | -39.61M | -43.36M | -28.91M |
| Free Cash Flow Per Share | -1.56 | -1.56 | -1.79 | -1.91 | -2.11 | -2.79 |
| Gross Margin | 86.92% | 85.33% | 83.75% | 84.08% | 77.75% | 72.08% |
| Operating Margin | -79.49% | -90.49% | -115.98% | -109.69% | -189.27% | -199.20% |
| Profit Margin | -84.93% | -94.09% | -116.91% | -104.85% | -184.38% | -330.45% |
| Free Cash Flow Margin | -67.09% | -71.93% | -78.97% | -100.81% | -192.99% | -221.81% |
| EBITDA | -47.84M | -50.51M | -58.87M | -42.58M | -42.12M | -25.80M |
| EBITDA Margin | -78.19% | -89.16% | -114.78% | -108.36% | -187.44% | -197.91% |
| D&A For EBITDA | 793.00K | 756.00K | 619.00K | 522.00K | 412.00K | 168.00K |
| EBIT | -48.64M | -51.27M | -59.49M | -43.10M | -42.53M | -25.97M |
| EBIT Margin | -79.49% | -90.49% | -115.98% | -109.69% | -189.27% | -199.20% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 64.59M | 75.71M | 105.93M | 90.57M | 106.19M | 142.07M |
| Cash & Short-Term Investments | 64.59M | 75.71M | 105.93M | 90.57M | 106.19M | 142.07M |
| Receivables | 9.40M | 10.66M | 9.27M | 7.55M | 5.50M | 2.56M |
| Inventory | 13.03M | 12.21M | 12.11M | 10.98M | 6.96M | 3.88M |
| Prepaid Expenses | 2.47M | 3.07M | 2.50M | 2.99M | 4.22M | 2.58M |
| Total Current Assets | 89.49M | 101.65M | 129.81M | 112.09M | 122.88M | 151.10M |
| Property, Plant & Equipment | 2.77M | 3.12M | 3.57M | 3.11M | 2.03M | 1.43M |
| Other Long-Term Assets | 26.00K | 26.00K | 27.00K | 27.00K | 27.00K | 26.00K |
| Total Assets | 92.28M | 104.79M | 133.41M | 115.23M | 124.94M | 152.55M |
| Accounts Payable | 3.87M | 3.83M | 2.58M | 1.88M | 1.72M | 510.00K |
| Accrued Expenses | 6.83M | 9.04M | 7.76M | 5.62M | 6.03M | 5.05M |
| Current Portion of Leases | 371.00K | 352.00K | 282.00K | 231.00K | 222.00K | |
| Current Income Taxes Payable | 53.00K | 93.00K | 135.00K | 125.00K | 120.00K | 351.00K |
| Total Current Liabilities | 11.12M | 13.32M | 10.76M | 7.86M | 8.09M | 5.91M |
| Long-Term Debt | 58.57M | 49.51M | 49.27M | 29.22M | 6.75M | |
| Long-Term Leases | 448.00K | 638.00K | 877.00K | 1.16M | 117.00K | |
| Other Long-Term Liabilities | 2.19M | 2.00M | 1.45M | 1.04M | 805.00K | 681.00K |
| Total Liabilities | 72.33M | 65.47M | 62.36M | 39.28M | 15.76M | 6.59M |
| Common Stock | 266.00K | 263.00K | 253.00K | 209.00K | 207.00K | 204.00K |
| Additional Paid-In Capital | 637.71M | 629.92M | 608.35M | 553.33M | 545.36M | 540.71M |
| Retained Earnings | -617.82M | -590.65M | -537.35M | -477.38M | -436.18M | -394.75M |
| Comprehensive Income & Other | -204.00K | -203.00K | -206.00K | -207.00K | -207.00K | -198.00K |
| Total Common Equity | 19.95M | 39.32M | 71.06M | 75.95M | 109.18M | 145.96M |
| Shareholders' Equity | 19.95M | 39.32M | 71.06M | 75.95M | 109.18M | 145.96M |
| Total Liabilities & Equity | 92.28M | 104.79M | 133.41M | 115.23M | 124.94M | 152.55M |
| Total Debt | 59.39M | 50.50M | 50.43M | 30.61M | 7.09M | |
| Net Cash (Debt) | 5.20M | 25.20M | 55.50M | 59.96M | 99.11M | 142.07M |
| Net Cash Per Share | 0.20 | 0.97 | 2.46 | 2.89 | 4.83 | 13.71 |
| Filing Date Shares Outstanding | 26.64M | 26.31M | 26.04M | 20.93M | 20.69M | 20.48M |
| Total Common Shares Outstanding | 26.64M | 26.31M | 25.32M | 20.88M | 20.63M | 20.40M |
| Working Capital | 78.36M | 88.33M | 119.05M | 104.23M | 114.79M | 145.19M |
| Book Value Per Share | 0.75 | 1.49 | 2.81 | 3.64 | 5.29 | 7.16 |
| Tangible Book Value | 19.95M | 39.32M | 71.06M | 75.95M | 109.18M | 145.96M |
| Tangible Book Value Per Share | 0.75 | 1.49 | 2.81 | 3.64 | 5.29 | 7.16 |
| Machinery | 4.10M | 5.24M | 4.65M | 3.90M | 3.65M | 2.39M |
| Construction In Progress | 428.00K | 325.00K | 720.00K | 554.00K | 231.00K | 813.00K |
| Leasehold Improvements | 827.00K | 827.00K | 542.00K | 98.00K | 95.00K | 88.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -51.97M | -53.31M | -59.97M | -41.20M | -41.43M | -43.08M |
| Depreciation & Amortization | 793.00K | 756.00K | 619.00K | 522.00K | 412.00K | 168.00K |
| Other Amortization | 289.00K | 241.00K | 203.00K | 154.00K | 25.00K | 229.00K |
| Loss (Gain) From Sale of Assets | 87.00K | 86.00K | 4.00K | |||
| Stock-Based Compensation | 12.26M | 11.05M | 19.05M | 6.30M | 3.89M | 1.91M |
| Other Operating Activities | 14.62M | |||||
| Change in Accounts Receivable | -2.25M | -1.40M | -1.72M | -2.05M | -2.94M | -1.28M |
| Change in Inventory | -1.31M | -98.00K | -1.12M | -4.03M | -3.08M | -537.00K |
| Change in Accounts Payable | 842.00K | 1.25M | 698.00K | 165.00K | 1.21M | 27.00K |
| Change in Other Net Operating Assets | 794.00K | 1.25M | 3.09M | 1.10M | -761.00K | 207.00K |
| Operating Cash Flow | -40.46M | -40.17M | -39.14M | -39.02M | -42.68M | -27.73M |
| Capital Expenditures | -597.00K | -580.00K | -1.36M | -591.00K | -685.00K | -1.18M |
| Investing Cash Flow | -597.00K | -580.00K | -1.36M | -591.00K | -685.00K | -1.18M |
| Long-Term Debt Issued | 20.00M | 22.50M | 7.50M | |||
| Long-Term Debt Repaid | -21.30M | |||||
| Net Debt Issued (Repaid) | 10.00M | 20.00M | 22.50M | 7.50M | -21.30M | |
| Issuance of Common Stock | 1.73M | 10.52M | 36.02M | 1.66M | 771.00K | 133.18M |
| Other Financing Activities | -1.11M | -152.00K | -179.00K | -778.00K | -1.00K | |
| Financing Cash Flow | 10.62M | 10.52M | 55.87M | 23.98M | 7.49M | 111.88M |
| Foreign Exchange Rate Adjustments | -1.00K | 5.00K | -1.00K | 3.00K | -9.00K | -8.00K |
| Net Cash Flow | -30.44M | -30.23M | 15.36M | -15.62M | -35.88M | 82.96M |
| Free Cash Flow | -41.05M | -40.75M | -40.51M | -39.61M | -43.36M | -28.91M |
| Free Cash Flow Margin | -67.09% | -71.93% | -78.97% | -100.81% | -192.99% | -221.81% |
| Free Cash Flow Per Share | -1.56 | -1.56 | -1.79 | -1.91 | -2.11 | -2.79 |
| Levered Free Cash Flow | -23.80M | -23.79M | -20.93M | -26.75M | -28.74M | -22.36M |
| Unlevered Free Cash Flow | -20.32M | -20.39M | -18.39M | -25.78M | -28.67M | -21.20M |
| Cash Interest Paid | 5.22M | 5.04M | 3.61M | 1.40M | 59.00K | 1.71M |
| Cash Income Tax Paid | 4.00K | 5.00K | 2.00K | |||
| Change in Working Capital | -1.92M | 1.00M | 949.00K | -4.80M | -5.57M | -1.58M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 36.23M | 186.09M | 307.42M | 654.44M | 377.72M | 248.90M |
| Enterprise Value | 31.04M | 151.49M | 257.70M | 586.83M | 268.13M | 97.47M |
| Last Close Price | 1.41 | 7.10 | 12.67 | 31.44 | 18.35 | 12.23 |
| PS Ratio | 0.61 | 3.29 | 5.99 | 16.66 | 16.81 | 19.09 |
| PB Ratio | 1.88 | 4.73 | 4.33 | 8.62 | 3.46 | 1.71 |
| P/TBV Ratio | 1.88 | 4.73 | 4.33 | 8.62 | 3.46 | 1.71 |
| EV/Sales Ratio | 0.53 | 2.67 | 5.02 | 14.93 | 11.93 | 7.48 |
| Debt / Equity Ratio | 2.98 | 1.28 | 0.71 | 0.40 | 0.07 | |
| Net Debt / Equity Ratio | -0.26 | -0.64 | -0.78 | -0.79 | -0.91 | -0.97 |
| Net Debt / EBITDA Ratio | 0.11 | 0.50 | 0.94 | 1.41 | 2.35 | 5.51 |
| Net Debt / FCF Ratio | 0.13 | 0.62 | 1.37 | 1.51 | 2.29 | 4.91 |
| Asset Turnover | 0.58 | 0.48 | 0.41 | 0.33 | 0.16 | 0.12 |
| Inventory Turnover | 0.65 | 0.68 | 0.72 | 0.70 | 0.92 | 1.01 |
| Quick Ratio | 6.65 | 6.49 | 10.70 | 12.48 | 13.81 | 24.48 |
| Current Ratio | 8.04 | 7.63 | 12.06 | 14.25 | 15.19 | 25.57 |
| Return on Equity (ROE) | -133.44% | -96.59% | -81.58% | -44.51% | -32.48% | -47.16% |
| Return on Assets (ROA) | -28.70% | -26.90% | -29.91% | -22.43% | -19.16% | -14.94% |
| Return on Capital Employed (ROCE) | -59.90% | -56.00% | -48.50% | -40.10% | -36.40% | -17.70% |
| Earnings Yield | -145.21% | -28.64% | -19.51% | -6.30% | -10.97% | -17.31% |
| FCF Yield | -109.29% | -21.90% | -13.18% | -6.05% | -11.48% | -11.62% |
| Buyback Yield / Dilution | -5.82% | -15.44% | -8.88% | -1.08% | -98.19% | -2,576.44% |