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Cvrx Inc $CVRX

Health Care

Russell 2000 Minnesota
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Cvrx Inc (CVRX) is a Health Care company in the Russell 2000. Latest news and coverage below.

IPO: June 30, 2021 · $18.00 offering · NASDAQ · View IPO details →

Cvrx Inc revenue & net income history (FY2020–FY2025)

RevenueNet incomeNet margin (right axis, %)
$56.7M−$1.66M−$60.0MFY2020 revenue: $6.05MFY2020 net income: −$14.1M · Net margin −233.1%'20FY2021 revenue: $13.0MFY2021 net income: −$43.1M · Net margin −330.5%'21FY2022 revenue: $22.5MFY2022 net income: −$41.4M · Net margin −184.4%'22FY2023 revenue: $39.3MFY2023 net income: −$41.2M · Net margin −104.8%'23FY2024 revenue: $51.3MFY2024 net income: −$60.0M · Net margin −116.9%'24FY2025 revenue: $56.7MFY2025 net income: −$53.3M · Net margin −94.1%'25−100%−50%0%50%FY2020 net margin: −233.1% (off the scale, which stops at −100.0%)FY2021 net margin: −330.5% (off the scale, which stops at −100.0%)FY2022 net margin: −184.4% (off the scale, which stops at −100.0%)FY2023 net margin: −104.8% (off the scale, which stops at −100.0%)FY2024 net margin: −116.9% (off the scale, which stops at −100.0%)FY2025 net margin: −94.1%
Cvrx Inc annual financial statements
FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$6.05M$13.0M$22.5M$39.3M$51.3M$56.7M
Growth (year over year)—+115.4%+72.4%+74.9%+30.5%+10.4%
Gross profit$4.61M$9.40M$17.5M$33.0M$43.0M$48.3M
Gross margin76.2%72.1%77.8%84.1%83.8%85.3%
Operating income−$11.5M−$26.0M−$42.5M−$43.1M−$59.5M−$51.3M
Operating margin−190.2%−199.2%−189.3%−109.7%−116.0%−90.5%
Net income−$14.1M−$43.1M−$41.4M−$41.2M−$60.0M−$53.3M
Net margin−233.1%−330.5%−184.4%−104.8%−116.9%−94.1%
EPS (diluted)−$37.01−$4.16−$2.02−$1.99−$2.65−$2.04
Balance sheet
Cash and equivalents$59.1M$142.1M$106.2M$90.6M$105.9M$75.7M
Total assets$64.8M$152.5M$124.9M$115.2M$133.4M$104.8M
Total liabilities$28.0M$6.59M$15.8M$39.3M$62.4M$65.5M
Long-term debt$19.3M$0$6.75M$29.2M$49.3M$49.5M
Shareholders' equity−$293.2M$146.0M$109.2M$75.9M$71.1M$39.3M
Cash flow
Operating cash flow−$16.1M−$27.7M−$42.7M−$39.0M−$39.1M−$40.2M
Capital expenditure$311.0K$1.18M$685.0K$591.0K$1.36M$580.0K
Free cash flow−$16.4M−$28.9M−$43.4M−$39.6M−$40.5M−$40.8M

From Cvrx Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Cvrx Inc

Headquarters
Minneapolis, Minnesota From SEC filings, Oct 2026

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