📊 CVRX Key Takeaways
Investment Thesis
CVRx exhibits severe operational losses despite strong gross margins, indicating fundamental business model challenges beyond cost of goods sold. The company is heavily cash-dependent with negative free cash flow of -$40.8M and operating losses of -$51.3M, creating a runway concern even with substantial cash reserves of $75.7M. Revenue growth of 10.4% YoY is insufficient to justify the magnitude of operating losses and negative unit economics.
CVRX Strengths
- Exceptional gross margin of 85.3% demonstrates strong pricing power and product-market fit at the manufacturing level
- Robust cash position of $75.7M provides runway to reach profitability, reducing near-term liquidity risk
- Double-digit revenue growth of 10.4% YoY shows market adoption and demand for core products
CVRX Risks
- Severe operating losses of -$51.3M with -90.5% operating margin indicate substantial costs in R&D, SG&A, or operations that are not scaling with revenue
- Negative free cash flow of -$40.8M at current revenue levels means the business consumes cash even with positive gross profit, questioning path to sustainability
- Cash burn rate of approximately -$40M+ annually combined with $49.5M long-term debt load suggests 1.5-2 year runway before cash depletion absent profitability inflection
Key Metrics to Watch
- Path to operating profitability and timeline to positive operating income
- Operating expense rationalization as a percentage of revenue
- Cash burn rate trend and months of runway remaining
- Gross profit dollar growth relative to operating loss reduction
CVRX Financial Metrics
💡 AI Analyst Insight
Strong liquidity with a 7.63x current ratio provides a solid financial cushion.
CVRX Profitability Ratios
CVRX vs Healthcare Sector
How CVRx, Inc. compares to Healthcare sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CVRX Balance Sheet & Liquidity
CVRX 5-Year Financial Trend
5-Year Trend Summary: CVRx, Inc.'s revenue has grown significantly by 335% over the 5-year period, indicating strong business expansion. The most recent EPS of $-2.65 indicates the company is currently unprofitable.
CVRX Growth Metrics (YoY)
CVRX Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $13.4M | -$12.9M | $-0.49 |
| Q2 2025 | $11.8M | -$14.0M | $-0.57 |
| Q1 2025 | $10.8M | -$13.8M | $-0.53 |
| Q3 2024 | $10.5M | -$9.0M | $-0.43 |
| Q2 2024 | $9.5M | -$11.7M | $-0.56 |
| Q1 2024 | $8.0M | -$11.4M | $-0.55 |
| Q3 2023 | $6.2M | -$9.0M | $-0.43 |
| Q2 2023 | $5.0M | -$11.1M | $-0.54 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CVRX Capital Allocation
CVRX SEC Filings
Access official SEC EDGAR filings for CVRx, Inc. (CIK: 0001235912)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 16, 2026 | 4 | xslF345X05/form4-03162026_080309.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/form4-03042026_090343.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/form4-03032026_110335.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/form4-03032026_110358.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/form4-03032026_110313.xml | View → |
❓ Frequently Asked Questions about CVRX
What is the AI rating for CVRX?
CVRx, Inc. (CVRX) has an AI rating of SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CVRX's key strengths?
Exceptional gross margin of 85.3% demonstrates strong pricing power and product-market fit at the manufacturing level. Robust cash position of $75.7M provides runway to reach profitability, reducing near-term liquidity risk.
What are the risks of investing in CVRX?
Severe operating losses of -$51.3M with -90.5% operating margin indicate substantial costs in R&D, SG&A, or operations that are not scaling with revenue. Negative free cash flow of -$40.8M at current revenue levels means the business consumes cash even with positive gross profit, questioning path to sustainability.
What is CVRX's revenue and growth?
CVRx, Inc. reported revenue of $56.7M.
Does CVRX pay dividends?
CVRx, Inc. does not currently pay dividends.
Where can I find CVRX SEC filings?
Official SEC filings for CVRx, Inc. (CIK: 0001235912) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CVRX's EPS?
CVRx, Inc. has a diluted EPS of $-2.04.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.