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CVRx, Inc.

CVRX

CVRx is a commercial-stage medical device company that develops and manufactures minimally invasive neuromodulation solutions for cardiovascular disease.

Market cap
$129.5M-39.9%
Revenue$59.1M+11.7%
Net income-$52.7M-2.2%
Free cash flow-$40.2M+3.4%
EPS (diluted)-$2.01+6.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$15.5M
EPS estimate-$0.52

Financials

Q1 2026

Income statement

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Revenue$14.8M+19.6%
Gross profit$12.9M+24.9%
Operating income-$12.2M+9.5%
Net income-$13.1M+4.7%
EPS (diluted)-$0.50+5.7%

Balance sheet

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Cash & equivalents$72.3M-29.6%
Total debt$59.4M+17.8%
Total equity$29.1M-58.0%
Total assets$99.7M-23.0%

Cash flow

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Operating cash flow-$12.2M+4.7%
CapEx$122.0K+7.0%
Free cash flow-$12.3M+4.6%

Valuation & ratios

Valuation

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Market cap$129.5M-39.9%
Enterprise value$116.59M-33.5%
P/S2.2×-1.8×

Profitability

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Gross margin86.2%+2.7pp
Operating margin-84.6%-8.9pp
Net margin-89.1%-7.0pp
FCF margin-68%-8.1pp

Returns & leverage

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Return on equity-107%+73.4pp
Debt / equity+1.3×
Current ratio10.2×-4.6×

Competitors

Profile

CVRx is a commercial-stage medical device company that develops and manufactures minimally invasive neuromodulation solutions for cardiovascular disease. Its core value proposition is the Barostim system, the first FDA-approved technology that uses electrical pulses to activate baroreceptors, balancing the autonomic nervous system to treat heart failure symptoms. The therapy is designed to complement standard pharmaceutical treatments for patients who remain symptomatic despite guideline-directed medical therapy.

Competitive position

CVRx holds a first-mover advantage as the provider of the only FDA-approved neuromodulation device for heart failure symptoms, supported by a significant body of clinical evidence and FDA Breakthrough Device designation.

GeographiesUnited States, Germany, Austria, Spain, European Union
Customer segmentsHeart failure specialists, Interventional cardiologists, Electrophysiologists, Vascular surgeons
Business modelDirect-to-hospital sales, Distributor-based sales, Medical device manufacturing
SuppliersElectronic component manufacturers, Specialized battery suppliers, Medical-grade hermetic enclosure providers, Biocompatible material suppliers
CustomersHospitals, Surgical centers, Cardiology practices, Medical distributors
Listed2021
Employees200.0
CEOKevin Hykes
Websitecvrx.com
FilingsSEC EDGAR

Questions, answered.

What is CVRx, Inc.'s market cap?
CVRx, Inc. (CVRX) has a market capitalization of $129.5M and trades on NASDAQ.
What is CVRx, Inc.'s revenue and profitability?
CVRx, Inc. generated $59.1M in trailing twelve-month revenue with a net loss of $52.7M, representing a net margin of -89.1%. Gross margin stands at 86.2%, with free cash flow of -$40.2M. These figures are based on the Q1 2026 filing.
Who are CVRx, Inc.'s competitors?
CVRx, Inc.'s key competitors include Boston Scientific, Abbott Laboratories, Medtronic, and others. These companies compete in similar markets and product categories.
Who does CVRx, Inc. partner with?
CVRx, Inc.'s notable partners include Centers for Medicare and Medicaid Services.
Where is CVRx, Inc. headquartered?
CVRx, Inc. is headquartered in United States of America and employs approximately 200 people. It has been publicly traded since 2021.