CVRx, Inc. logo CVRX - CVRx, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 6
HOLD 0
SELL 1
STRONG
SELL
0
| PRICE TARGET: $10.00 DETAILS
HIGH: $10.00
LOW: $10.00
MEDIAN: $10.00
CONSENSUS: $10.00
UPSIDE: 63.67%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 14.8 16.0 14.7 13.6 12.3 15.3 13.4 11.8 10.8 11.3 10.5 9.5 8.0 7.2 6.2 5.0 4.1 3.7 3.4 3.1 2.9 2.1 1.0 1.2 1.7
Cost of Revenue 1.9 2.2 2.1 2.3 2.0 2.3 2.2 2.0 1.7 1.7 1.7 1.5 1.3 1.5 1.3 1.2 0.9 1.0 0.9 0.9 0.9 0.5 0.2 0.3 0.4
Gross Profit 12.9 13.8 12.6 11.3 10.3 13.0 11.1 9.8 9.0 9.6 8.8 8.0 6.7 5.7 4.8 3.8 3.1 2.7 2.5 2.2 2.0 1.6 0.8 0.9 1.3
Operating Expenses
R&D Expenses 3.1 3 3.1 2.5 2.5 2.8 2.5 2.8 3.1 2.2 2.7 3.3 3.4 3.0 2.3 2.4 2.3 1.8 1.7 2.3 1.8 0.5 1.5 2.1 2.3
SG&A Expenses 22.0 22.0 21.7 23.2 21.2 20.5 21.6 21.0 28.2 17.0 15.7 16.5 15.4 14.1 12.7 12.5 10.8 9.7 8.1 5.6 4.5 3.3 2.3 1.8 2.3
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 25.0 25.0 24.8 25.6 23.7 23.3 24.1 23.7 31.3 19.2 18.3 19.7 18.8 17.1 15.0 14.8 13.0 11.5 9.8 7.9 6.2 3.8 3.8 4.0 4.6
Operating Income
Operating Income (12.2) (11.2) (12.3) (14.4) (13.4) (10.3) (13.0) (14.0) (22.2) (9.7) (9.5) (11.8) (12.2) (11.5) (10.1) (11.0) (9.9) (8.8) (7.3) (5.7) (4.2) (2.1) (3.0) (3.1) (3.3)
Interest Expense 1.6 1.4 1.5 1.5 1.5 1.5 1.0 1.0 1.0 0.6 0.5 0.5 0.2 0.2 0 0 0 0.4 0.6 0.6 0.6 0.6 0.6 0.6 0.6
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (12.2) (10.3) (12.1) (14.2) (12.1) (9.0) (11.9) (12.9) (21.1) (8.4) (8.3) (11.0) (11.0) (10.2) (9.7) (11.0) (9.9) (10.1) (5.5) (17.1) (8.0) (2.7) (2.6) (3.0) (3.2)
EBIT (12.2) (10.5) (12.3) (14.4) (12.3) (9.2) (12.1) (13.0) (21.2) (8.5) (8.5) (11.1) (11.1) (10.3) (9.8) (11.0) (10.0) (10.1) (5.5) (17.1) (8.0) (2.8) (2.6) (3.0) (3.2)
Income Before Tax (13.1) (11.9) (12.9) (14.7) (13.8) (10.7) (13.1) (14.0) (22.1) (9.1) (9.0) (11.6) (11.3) (10.5) (9.8) (11.0) (10.0) (10.5) (6.1) (17.7) (8.6) (3.4) (3.2) (3.6) (3.8)
Income Tax Expense (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Net Income (13.1) (11.9) (12.9) (14.7) (13.8) (10.7) (13.1) (14.0) (22.2) (9.2) (9.0) (11.7) (11.4) (10.5) (9.8) (11.1) (10.0) (10.6) (6.1) (17.7) (8.6) (3.4) (3.2) (3.7) (3.8)
Per Share Data
EPS (Basic) -0.50 -0.46 -0.49 -0.57 -0.53 -0.43 -0.57 -0.65 -1.04 -0.44 -0.43 -0.56 -0.55 -0.51 -0.48 -0.54 -0.49 -0.52 -0.30 -48.48 -0.47 -9.45 -8.96 -10.18 -0.31
EPS (Diluted) -0.50 -0.46 -0.49 -0.57 -0.53 -0.43 -0.57 -0.65 -1.04 -0.44 -0.43 -0.56 -0.55 -0.51 -0.48 -0.54 -0.49 -0.52 -0.30 -48.48 -0.47 -9.29 -8.82 -10.02 -0.31
Shares Outstanding 26.4 26.2 26.2 26.1 25.9 22.6 22.8 21.6 21.2 20.6 20.8 20.7 20.7 20.5 20.6 20.5 20.4 20.4 20.1 0.4 0.4 0.4 0.4 0.4 0.5
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q1
Current Assets
Cash & Cash Equivalents 72.3 75.7 85.1 95.0 102.7 105.9 100.2 70.4 80.1 90.6 83.0 90.8 103.3 106.2 110.0 121.3 131.2 142.1 170.9 47.1 54.0 59.1 (25.7)
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51.5
Net Receivables 9.1 10.7 8.2 7.2 9.0 9.3 9.0 8.6 8.5 7.6 6.4 6.7 6.4 5.5 5.3 3.6 3.7 2.6 3.4 2.2 1.7 1.3 0
Inventory 12.4 12.2 11.4 11.7 11.7 12.1 11.9 11.2 11.1 11.0 10.9 10.9 8.2 7.0 6.1 5.8 5.3 3.9 3.4 3.2 3.0 3.3 0
Other Current Assets 2.9 3.1 3.2 2.2 2.8 2.5 2.8 1.8 2.7 3.0 3.3 3.5 2.6 4.2 0 0 0 2.6 2.9 0 0 0 0
Total Current Assets 96.8 101.6 107.9 116.1 126.1 129.8 123.9 92.0 102.3 112.1 103.6 112.0 120.6 122.9 124.4 131.9 142.2 151.1 180.7 54.2 59.8 64.3 25.7
Non-Current Assets
Property, Plant & Equipment 3.0 3.1 3.4 3.4 3.4 3.6 3.8 4.0 3.8 3.1 2.8 2.9 2.1 2.0 2.1 2.1 2.2 1.4 0.9 0.8 0.5 0.4 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 (25.7)
Total Non-Current Assets 3.0 3.1 3.4 3.4 3.5 3.6 3.8 4.0 3.8 3.1 2.8 3.0 2.1 2.1 2.2 2.1 2.2 1.5 1.0 0.8 0.5 0.4 (25.7)
Total Assets 99.7 104.8 111.3 119.6 129.6 133.4 127.7 96.0 106.2 115.2 106.4 115.0 122.7 124.9 126.6 134.0 144.4 152.5 181.7 55.1 60.3 64.8 0
Current Liabilities
Account Payables 3.0 3.8 3.6 3.0 2.8 2.6 3.3 3.5 2.6 1.9 1.1 2.9 2.0 1.7 1.3 0.6 1.6 0.5 0.5 0.9 0.8 0.5 0
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.3 1.3 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 6.5 9.5 7.1 3.8 3.4 5.7 4.2 2.8 3.3 4.1 3.9 3.3 2.9 3.3 2.9 2.5 2.2 2.3 0 19.1 7.6 5.3 0
Total Current Liabilities 9.5 13.3 11.2 9.7 8.5 10.8 10.9 9.1 8.4 7.9 7.4 8.9 8.0 8.1 7.4 5.9 6.6 5.9 8.9 25.0 11.9 8.0 0
Non-Current Liabilities
Long-Term Debt 59.0 50.2 49.5 49.4 49.3 49.3 49.2 29.3 29.3 29.2 14.3 14.3 14.2 6.7 0 0 0 0 16.2 18.1 19.3 19.3 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 2.1 1.4 1.9 1.7 1.6 1.4 1.4 1.3 1.1 1.0 1.0 0.9 0.8 0.8 0.8 0.7 0.7 0.7 0.9 330.9 330.8 330.8 0
Total Non-Current Liabilities 61.1 52.2 52.1 51.9 51.7 51.6 51.5 31.6 31.5 31.4 16.2 16.1 15.1 7.7 0.9 1.0 1.0 0.7 17.1 348.9 350.2 350.0 0
Total Liabilities 70.6 65.5 63.3 61.6 60.2 62.4 62.5 40.7 39.9 39.3 23.6 25.0 23.0 15.8 8.3 6.9 7.6 6.6 25.9 374.0 362.1 358.0 0
Stockholders' Equity
Common Stock 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.0 0.0 0.0 0
Retained Earnings (603.8) (590.7) (578.7) (565.8) (551.1) (537.3) (526.7) (513.6) (499.6) (477.4) (468.2) (459.2) (447.6) (436.2) (425.6) (415.8) (404.7) (394.8) (384.2) (378.1) (360.3) (351.7) 0
Accumulated Other Comprehensive Income (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (0.2) (279.0)
Total Stockholders' Equity 29.1 39.3 48.1 57.9 69.4 71.1 65.2 55.2 66.3 75.9 82.8 90.0 99.6 109.2 118.2 127.1 136.8 146.0 155.8 (318.9) (301.8) (293.2) 0.9
Total Liabilities & Equity 99.7 104.8 111.3 119.6 129.6 133.4 127.7 96.0 106.2 115.2 106.4 115.0 122.7 124.9 126.6 134.0 144.4 152.5 181.7 55.1 60.3 64.8 0.9
Debt Metrics
Total Debt 59.0 50.8 50.5 50.5 50.4 50.4 50.4 30.6 30.6 30.6 15.4 15.4 14.5 7.1 0.4 0.5 0.5 0 19.5 19.4 19.3 19.3 0
Net Debt (13.3) (24.9) (34.6) (44.5) (52.2) (55.5) (49.7) (39.8) (49.5) (60.0) (67.6) (75.4) (88.8) (99.1) (109.6) (120.9) (130.7) (142.1) (151.4) (27.7) (34.6) (39.8) 25.7
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (13.1) (11.9) (12.9) (14.7) (13.8) (10.7) (13.1) (14.0) (22.2) (9.2) (9.0) (11.7) (11.4) (10.5) (9.8) (11.1) (10.0) (10.6) (6.1) (17.7) (8.6) (3.4) (3.2) (3.7) (3.8)
Depreciation & Amortization 0.2 0.2 0 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Stock-Based Compensation 0 2.8 0 2.9 2.5 2.7 2.7 2.5 11.1 1.6 1.5 1.5 1.7 1.1 0.9 1.1 0.8 0.8 0.5 0.6 0.1 0.0 0.0 0.0 0.0
Change in Working Capital (2.2) (0.9) 0.0 3.6 (1.7) (0.3) (0.2) 1.5 (0.0) (0.4) (0.8) (2.8) (0.7) (1.5) (2.3) (0.2) (1.5) 1.4 (1.8) (0.9) (0.3) (1.6) (1.7) 1.2 (0.8)
Other Non-Cash Items 3 0.1 3.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 0.0 (1.8) 0.1 0.1 0.1 0.1 0.1 0.1
Operating Cash Flow (12.2) (9.8) (9.7) (7.9) (12.8) (8.0) (10.4) (9.8) (10.9) (7.8) (8.1) (12.8) (10.2) (10.8) (11.1) (10.1) (10.6) (7.0) (9.2) (6.5) (5.0) (4.1) (5.2) (2.3) (4.6)
Investing Activities
Capital Expenditure (0.1) (0.1) (0.3) (0.1) (0.1) (0.1) (0.0) (0.4) (0.9) (0.2) (0.0) (0.1) (0.2) (0.1) (0.3) (0.0) (0.3) (0.5) (0.2) (0.4) (0.1) (0.1) (0.1) (0.0) (0.0)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow (0.1) (0.1) (0.3) (0.1) (0.1) (0.1) (0.0) (0.4) (0.9) (0.2) (0.0) (0.1) (0.2) (0.1) (0.3) (0.0) (0.3) (0.5) (0.2) (0.4) (0.1) (0.1) (0.1) (0.0) (0.0)
Financing Activities
Net Debt Issuance 8.9 0 0 0 0 (19.9) 20 0 0 15 0 (0.0) 7.5 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 0 0 21.3 0.6 0.5 0.8 0.6 0.4 0 0.1 7.1 0 0 0 (21.3) (0.0) 0 0.0 0 49.8 0 0
Financing Cash Flow 8.9 0.4 0.1 0.4 9.6 13.8 40.2 0.5 1.4 15.6 0.4 0.5 7.6 7.1 0.0 0.3 0.0 (21.3) 133.2 0 0.0 0 49.8 0 0
Cash Position
Net Change in Cash (3.4) (9.4) (9.9) (7.6) (3.3) 5.8 29.8 (9.7) (10.5) 7.6 (7.8) (12.5) (2.9) (3.8) (11.4) (9.8) (10.9) (28.8) 123.8 (6.8) (5.1) (4.2) 44.5 (2.4) (4.6)
Cash at Beginning 75.7 85.1 95.0 102.7 105.9 100.2 70.4 80.1 90.6 83.0 90.8 103.3 106.2 110.0 121.3 131.2 142.1 170.9 47.1 54.0 59.1 63.3 18.8 21.1 25.7
Cash at End 72.3 75.7 85.1 95.0 102.7 105.9 100.2 70.4 80.1 90.6 83.0 90.8 103.3 106.2 110.0 121.3 131.2 142.1 170.9 47.1 54.0 59.1 63.3 18.8 21.1
Free Cash Flow (12.3) (9.8) (10.0) (8.0) (12.9) (8.1) (10.4) (10.2) (11.8) (8.0) (8.2) (13.0) (10.5) (10.9) (11.4) (10.1) (10.9) (7.6) (9.4) (6.8) (5.1) (4.2) (5.3) (2.3) (4.6)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 14.8 16.0 14.7 13.6 12.3 15.3 13.4 11.8 10.8 11.3 10.5 9.5 8.0 7.2 6.2 5.0 4.1 3.7 3.4 3.1 2.9 2.1 1.0 1.2 1.7
Gross Profit 12.9 13.8 12.6 11.3 10.3 13.0 11.1 9.8 9.0 9.6 8.8 8.0 6.7 5.7 4.8 3.8 3.1 2.7 2.5 2.2 2.0 1.6 0.8 0.9 1.3
Operating Income (12.2) (11.2) (12.3) (14.4) (13.4) (10.3) (13.0) (14.0) (22.2) (9.7) (9.5) (11.8) (12.2) (11.5) (10.1) (11.0) (9.9) (8.8) (7.3) (5.7) (4.2) (2.1) (3.0) (3.1) (3.3)
Net Income (13.1) (11.9) (12.9) (14.7) (13.8) (10.7) (13.1) (14.0) (22.2) (9.2) (9.0) (11.7) (11.4) (10.5) (9.8) (11.1) (10.0) (10.6) (6.1) (17.7) (8.6) (3.4) (3.2) (3.7) (3.8)
EPS (Diluted) -0.50 -0.46 -0.49 -0.57 -0.53 -0.43 -0.57 -0.65 -1.04 -0.44 -0.43 -0.56 -0.55 -0.51 -0.48 -0.54 -0.49 -0.52 -0.30 -48.48 -0.47 -9.29 -8.82 -10.02 -0.31
Balance Sheet
Cash & Equivalents 72.3 75.7 85.1 95.0 102.7 105.9 100.2 70.4 80.1 90.6 83.0 90.8 103.3 106.2 110.0 121.3 131.2 142.1 170.9 47.1 54.0 59.1 (25.7)
Total Assets 99.7 104.8 111.3 119.6 129.6 133.4 127.7 96.0 106.2 115.2 106.4 115.0 122.7 124.9 126.6 134.0 144.4 152.5 181.7 55.1 60.3 64.8 0
Total Debt 59.0 50.8 50.5 50.5 50.4 50.4 50.4 30.6 30.6 30.6 15.4 15.4 14.5 7.1 0.4 0.5 0.5 0 19.5 19.4 19.3 19.3 0
Stockholders' Equity 29.1 39.3 48.1 57.9 69.4 71.1 65.2 55.2 66.3 75.9 82.8 90.0 99.6 109.2 118.2 127.1 136.8 146.0 155.8 (318.9) (301.8) (293.2) 0.9
Cash Flow
Operating Cash Flow (12.2) (9.8) (9.7) (7.9) (12.8) (8.0) (10.4) (9.8) (10.9) (7.8) (8.1) (12.8) (10.2) (10.8) (11.1) (10.1) (10.6) (7.0) (9.2) (6.5) (5.0) (4.1) (5.2) (2.3) (4.6)
Capital Expenditure (0.1) (0.1) (0.3) (0.1) (0.1) (0.1) (0.0) (0.4) (0.9) (0.2) (0.0) (0.1) (0.2) (0.1) (0.3) (0.0) (0.3) (0.5) (0.2) (0.4) (0.1) (0.1) (0.1) (0.0) (0.0)
Free Cash Flow (12.3) (9.8) (10.0) (8.0) (12.9) (8.1) (10.4) (10.2) (11.8) (8.0) (8.2) (13.0) (10.5) (10.9) (11.4) (10.1) (10.9) (7.6) (9.4) (6.8) (5.1) (4.2) (5.3) (2.3) (4.6)