6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $57M | -$53M | 85.3% | -90.5% | -$41M | $50M | $76M |
| 2024 | $51M | -$60M | 83.8% | -116.0% | -$41M | $49M | $106M |
| 2023 | $39M | -$41M | 84.1% | -109.7% | -$40M | $29M | $91M |
| 2022 | $22M | -$41M | 77.8% | -189.3% | -$43M | $7M | $106M |
| 2021 | $13M | -$43M | 72.1% | -199.2% | -$29M | $0 | $142M |
| 2020 | $6M | -$14M | 76.2% | -190.2% | -$16M | $19M | $59M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $15M | -$13M | 87.2% | -82.3% | -$12M | $58M | $72M |
| Dec '25 | $16M | -$12M | 86.3% | -69.8% | -$10M | $50M | $76M |
| Sep '25 | $15M | -$13M | 86.8% | -83.5% | -$10M | $49M | $85M |
| Jun '25 | $14M | -$15M | 84.3% | -105.8% | -$8M | $49M | $95M |
| Mar '25 | $12M | -$14M | 83.5% | -108.8% | -$13M | $49M | $103M |
| Dec '24 | $15M | -$11M | 83.2% | -67.0% | -$8M | $49M | $106M |
| Sep '24 | $13M | -$13M | 83.2% | -97.3% | -$10M | $49M | $100M |
| Jun '24 | $12M | -$14M | 83.9% | -118.3% | -$10M | $29M | $70M |
| Mar '24 | $11M | -$22M | 85.0% | -206.4% | -$12M | $29M | $80M |
| Dec '23 | $11M | -$9M | 84.8% | -85.5% | -$8M | $29M | $91M |
| Sep '23 | $11M | -$9M | 83.9% | -90.6% | -$8M | $14M | $83M |
| Jun '23 | $10M | -$12M | 84.0% | -123.7% | -$13M | $14M | $91M |
| Mar '23 | $8M | -$11M | 83.4% | -152.4% | -$10M | $14M | $103M |
| Dec '22 | $7M | -$11M | 79.0% | -160.0% | -$11M | $7M | $106M |
| Sep '22 | $6M | -$10M | 78.3% | -163.7% | -$11M | — | $110M |
| Jun '22 | $5M | -$11M | 76.1% | -218.9% | -$10M | — | $121M |
| Mar '22 | $4M | -$10M | 76.7% | -243.1% | -$11M | — | $131M |
| Dec '21 | $4M | -$11M | 73.1% | -240.2% | -$8M | $0 | $142M |
| Sep '21 | $3M | -$6M | 74.2% | -214.8% | -$9M | $16M | $171M |
| Jun '21 | $3M | -$18M | 70.8% | -181.6% | -$7M | $19M | $47M |
How the market has priced CVRX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, CVRx, Inc.'s revenue has grown 56.4% per year. These are computed facts, not advice.
As of FY2025, CVRx, Inc. reported $50M of total debt against $76M of cash; operating income covered interest expense -8.8×.
In FY2025, gross margin was 85.3%, operating margin -90.5%, and net margin -94.1%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.