CVRx, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:46:33Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -40.75M | -40.51M | -39.61M | -43.36M | -28.91M | -16.41M |
| EBITDA | -50.51M | -58.87M | -42.58M | -42.12M | -25.80M | -11.44M |
| Working Capital | 88.33M | 119.05M | 104.23M | 114.79M | 145.19M | 56.36M |
| Net Debt | -25.20M | -55.50M | -59.96M | -99.11M | -142.07M | -39.83M |
| Gross Margin | 85.33% | 83.75% | 84.08% | 77.75% | 72.08% | 76.21% |
| Operating Margin | -90.49% | -115.98% | -109.69% | -189.27% | -199.20% | -190.22% |
| Net Margin | -94.10% | -116.91% | -104.85% | -184.38% | -330.45% | -233.09% |
| Return on Equity (ROE) | -135.56% | -84.39% | -54.25% | -37.94% | -29.51% | 4.81% |
| Return on Assets (ROA) | -50.87% | -44.95% | -35.75% | -33.16% | -28.24% | -21.78% |
| Current Ratio | 7.63× | 12.06× | 14.25× | 15.19× | 25.57× | 8.07× |
| Debt-to-Equity | 1.28× | 0.71× | 0.40× | 0.06× | 0.00× | -0.07× |
| Effective Tax Rate | 0.03% | -0.09% | -0.36% | -0.26% | -0.21% | -0.61% |
| Cash Conversion Ratio | 0.75× | 0.65× | 0.95× | 1.03× | 0.64× | 1.14× |
| Accruals Ratio | -0.13× | -0.16× | -0.02× | 0.01× | -0.10× | 0.03× |
| SBC % of Revenue | 19.51% | 37.14% | 16.04% | 17.30% | 14.67% | 2.18% |
| CapEx Coverage | -69.26× | -28.76× | -66.03× | -62.30× | -23.44× | -51.76× |
| Free Cash Flow Per Share | $-1.56 | $-1.79 | $-1.91 | $-2.11 | $-2.79 | $-42.39 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 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 Expense | 11.13M | 11.13M | 11.63M | 9.95M | 7.50M | 6.41M |
| Selling, General and Administrative Expense | 88.47M | 91.32M | 64.51M | 50.05M | 27.86M | 9.72M |
| Operating Expenses | 99.61M | 102.45M | 76.14M | 60.00M | 35.36M | 16.13M |
| Operating Income (Loss) | -51.27M | -59.49M | -43.10M | -42.53M | -25.97M | -11.51M |
| Income Tax Expense (Benefit) | -18.00K | 55.00K | 147.00K | 109.00K | 91.00K | 85.00K |
| Net Income (Loss) Attributable to Parent | -53.31M | -59.97M | -41.20M | -41.43M | -43.08M | -14.11M |
| Earnings Per Share, Basic | $-2.04 | $-2.65 | $-1.99 | $-2.02 | $-4.16 | — |
| Weighted Average Number of Shares Outstanding, Basic | 26.08M | 22.60M | 20.75M | 20.53M | 10.36M | — |
| Earnings Per Share, Diluted | $-2.04 | $-2.65 | $-1.99 | $-2.02 | $-4.16 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 26.08M | 22.60M | 20.75M | 20.53M | 10.36M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 75.71M | 105.93M | 90.57M | 106.19M | 142.07M | 59.11M |
| Assets, Current | 101.65M | 129.81M | 112.09M | 122.88M | 151.10M | 64.34M |
| Assets | 104.79M | 133.41M | 115.23M | 124.94M | 152.55M | 64.78M |
| Liabilities, Current | 13.32M | 10.76M | 7.86M | 8.09M | 5.91M | 7.98M |
| Long-term Debt, Excluding Current Maturities | 49.51M | 49.27M | 29.22M | 6.75M | 0 | 19.28M |
| Liabilities | 65.47M | 62.36M | 39.28M | 15.76M | 6.59M | 28.03M |
| Stockholders' Equity Attributable to Parent | 39.32M | 71.06M | 75.95M | 109.18M | 145.96M | -293.24M |
| Common Stock, Shares, Outstanding | 26.31M | 25.32M | 20.88M | 20.66M | 20.40M | 360,412 |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -40.17M | -39.14M | -39.02M | -42.68M | -27.73M | -16.10M |
| Payments to Acquire Property, Plant, and Equipment | 580.00K | 1.36M | 591.00K | 685.00K | 1.18M | 311.00K |
| Net Cash Provided by (Used in) Investing Activities | -580.00K | -1.36M | -591.00K | -685.00K | -1.18M | -311.00K |
| Net Cash Provided by (Used in) Financing Activities | 10.52M | 55.87M | 23.98M | 7.49M | 111.88M | 49.78M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -12.29M | -9.83M | -30.92M | -20.92M | -12.88M | -8.06M |
| EBITDA | -11.96M | -11.00M | -12.07M | -14.18M | -13.25M | -10.10M |
| Working Capital | 87.26M | 88.33M | 96.67M | 106.46M | 117.63M | 119.05M |
| Net Debt | -12.91M | -25.20M | -34.60M | -44.48M | -52.24M | -55.50M |
| Gross Margin | 87.22% | 86.28% | 86.81% | 84.26% | 83.51% | 83.24% |
| Operating Margin | -82.34% | -69.80% | -83.51% | -105.79% | -108.82% | -66.97% |
| Net Margin | -88.83% | -74.48% | -87.61% | -108.44% | -111.48% | -69.42% |
| Return on Equity (ROE) | -45.07% | -30.35% | -26.78% | -25.44% | -19.85% | -14.99% |
| Return on Assets (ROA) | -13.16% | -11.39% | -11.56% | -12.32% | -10.62% | -7.98% |
| Current Ratio | 10.20× | 7.63× | 9.62× | 11.99× | 14.83× | 12.06× |
| Debt-to-Equity | 2.04× | 1.28× | 1.05× | 0.87× | 0.73× | 0.71× |
| Effective Tax Rate | -0.01% | 0.06% | 0.02% | 0.02% | 0.04% | 0.66% |
| Cash Conversion Ratio | 0.93× | 0.82× | 2.36× | 1.40× | 0.93× | 0.75× |
| Accruals Ratio | -0.01× | -0.02× | 0.16× | 0.05× | -0.01× | -0.02× |
| SBC % of Revenue | 19.74% | 17.43% | 56.22% | 39.52% | 19.88% | 17.50% |
| CapEx Coverage | -99.70× | -143.50× | -59.40× | -95.41× | -111.99× | -154.00× |
| Free Cash Flow Per Share | $-0.47 | $-0.38 | $-1.18 | $-0.80 | $-0.50 | $-0.36 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 14.77M | 16.02M | 14.69M | 13.59M | 12.35M | 15.34M |
| Cost of Revenue | 1.89M | 2.20M | 1.94M | 2.14M | 2.04M | 2.57M |
| Gross Profit | 12.88M | 13.82M | 12.75M | 11.45M | 10.31M | 12.77M |
| Research and Development Expense | 3.08M | 3.00M | 3.15M | 2.47M | 2.52M | 2.81M |
| Selling, General and Administrative Expense | 21.96M | 22.01M | 21.88M | 23.36M | 21.23M | 20.24M |
| Operating Expenses | 25.04M | 25.01M | 25.02M | 25.83M | 23.75M | 23.05M |
| Operating Income (Loss) | -12.16M | -11.18M | -12.27M | -14.38M | -13.44M | -10.27M |
| Income Tax Expense (Benefit) | 1.00K | -7.00K | -3.00K | -3.00K | -5.00K | -71.00K |
| Net Income (Loss) Attributable to Parent | -13.12M | -11.93M | -12.87M | -14.74M | -13.77M | -10.65M |
| Earnings Per Share, Basic | $-0.50 | $-0.45 | $-0.49 | $-0.57 | $-0.53 | $-0.40 |
| Weighted Average Number of Shares Outstanding, Basic | 26.36M | 26.08M | 26.17M | 26.07M | 25.88M | 22.60M |
| Earnings Per Share, Diluted | $-0.50 | $-0.45 | $-0.49 | $-0.57 | $-0.53 | $-0.40 |
| Weighted Average Number of Shares Outstanding, Diluted | 26.36M | 26.08M | 26.17M | 26.07M | 25.88M | 22.60M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 72.30M | 75.71M | 85.12M | 95.03M | 102.67M | 105.93M |
| Assets, Current | 96.75M | 101.65M | 107.89M | 116.14M | 126.13M | 129.81M |
| Assets | 99.73M | 104.79M | 111.33M | 119.56M | 129.59M | 133.41M |
| Liabilities, Current | 9.49M | 13.32M | 11.22M | 9.69M | 8.51M | 10.76M |
| Long-term Debt, Excluding Current Maturities | 58.49M | 49.51M | 49.45M | 49.39M | 49.33M | 49.27M |
| Liabilities | 70.62M | 65.47M | 63.27M | 61.63M | 60.23M | 62.36M |
| Stockholders' Equity Attributable to Parent | 29.11M | 39.32M | 48.05M | 57.93M | 69.36M | 71.06M |
| Common Stock, Shares, Outstanding | 26.43M | 26.31M | 26.19M | 26.15M | 26.05M | 25.32M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -12.16M | -9.76M | -30.41M | -20.70M | -12.77M | -8.01M |
| Payments to Acquire Property, Plant, and Equipment | 122.00K | 68.00K | 512.00K | 217.00K | 114.00K | 52.00K |
| Net Cash Provided by (Used in) Investing Activities | -122.00K | -68.00K | -512.00K | -217.00K | -114.00K | -52.00K |
| Net Cash Provided by (Used in) Financing Activities | 8.88M | 410.00K | 10.11M | 10.01M | 9.62M | 13.83M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CVRX CIK 0001235912),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.