CVRx (CVRX)

NasdaqMarket Closed

CVRx, Inc. is a commercial-stage medical technology company that develops and markets implantable neuromodulation devices for cardiovascular disease. Its core product, Barostim, is designed for patients with heart failure and uses electrical stimulation to activate the body’s baroreflex, a natural mechanism involved in regulating cardiovascular function.

Barostim therapy targets the autonomic nervous system, which helps control heart rate, blood pressure, and vascular tone. In many heart failure patients, this system can become imbalanced, placing additional stress on the heart. CVRx’s device is implanted in a minimally invasive procedure and delivers controlled electrical pulses to baroreceptors in the carotid artery area. The intended effect is to signal the brain to modulate autonomic activity and reduce the strain associated with chronic heart failure.

The company’s business model centres on manufacturing, clinical support, physician education, and commercial sales of Barostim systems. Its revenue is primarily generated in the United States, where adoption depends on physician awareness, patient eligibility, hospital access, reimbursement, and evidence supporting long-term clinical benefit. CVRx also operates in a specialised segment of the broader cardiovascular device market, alongside established therapies such as drug treatment, implantable defibrillators, cardiac resynchronisation therapy, and mechanical circulatory support.

CVRx is distinctive because it focuses on neuromodulation as a treatment pathway for cardiovascular disease rather than relying solely on mechanical or pharmaceutical approaches. As a public company, CVRX offers exposure to the high-risk, high-specialisation medical device sector, where commercial execution, regulatory requirements, clinical data, and reimbursement dynamics are central to long-term growth.

2.75USD
2.78 USD
−0.33(-10.71%)
Pre-market

Last updated

Market Cap
$145,682,333
P/E
P/FCF
P/S
2.47
Enterprise Value
$131,869,333
Sector
Industrials
Industry
Surgical and Medical Instruments and Apparatus
Address
9201 WEST BROADWAY AVENUE, MINNEAPOLIS, MN, 55445
Market Cap
$145,682,333
Enterprise Value
$131,869,333
P/E
P/B
5
P/S
2.47
EV / EBITDA
-2.68
EV / Sales
2.23
EPS
-1.98
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-$40,155,000
ROE
-180.9%
ROA
-52.8%
Debt / Equity
2.01
Current Ratio
10.2
Quick Ratio
8.89
Cash
7.62
Avg Volume
$262,660
Fundamentals Snapshot Price
5.49

Income Statement

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Revenue15.71M14.77M16.02M14.69M13.59M
Cost of revenue1.98M1.89M2.2M1.94M2.14M
Gross profit13.72M12.88M13.83M12.75M11.45M
Operating income-13.02M-12.16M-11.18M-12.27M-14.38M
EBITDA-12.81M-11.96M-11M-12.07M-14.18M
Net income-14.04M-13.12M-11.93M-12.87M-14.74M
Income taxes3K1K-7K-3K-3K
Interest expense-1.58M-1.55M-1.42M-1.48M-1.47M
Other operating expenses00000
Total operating expenses26.75M25.04M25.01M25.02M25.83M
Basic EPS-0.53-0.5-0.46-0.49-0.57
Diluted EPS-0.53-0.5-0.46-0.49-0.57

Balance Sheet

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Total assets92.28M99.73M104.79M111.33M119.56M
Total liabilities72.33M70.62M65.47M63.27M61.63M
Total equity19.95M29.11M39.32M48.05M57.93M
Cash & equivalents64.59M72.3M75.71M85.12M95.03M
Current assets89.49M96.75M101.65M107.89M116.15M
Current liabilities11.12M9.49M13.32M11.22M9.69M
Accounts payable3.87M3M3.83M3.63M3.03M
Receivables9.4M9.1M10.67M8.21M7.15M
Inventories13.03M12.4M12.21M11.39M11.72M
Goodwill00000
Long-term debt58.57M58.49M49.51M49.45M49.39M

Cash Flow

Line Item2026 Q22026 Q12025 Q42025 Q32025 Q2
Operating cash flow-8.83M-12.16M-9.76M-9.71M-7.94M
Investing cash flow-112K-122K-68K-295K-103K
Financing cash flow1.22M8.88M410K103K392K
Change in cash-7.72M-3.41M-9.42M-9.9M-7.64M
Net income-14.04M-13.12M-11.93M-12.87M-14.74M
KindFilingDateLink
edgar indexSCHEDULE 13G — CVRx, Inc.View Filing
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edgar index4 — CVRx, Inc.View Filing
form 4Form 4 — Binkowski BrentView Filing
form 4Form 4 — Binkowski BrentView Filing
edgar index8-K — CVRx, Inc.View Filing
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edgar index8-K — CVRx, Inc.View Filing
edgar index10-Q — CVRx, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index8-K — CVRx, Inc.View Filing
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edgar index8-K — CVRx, Inc.View Filing
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edgar index4 — CVRx, Inc.View Filing
edgar index4 — CVRx, Inc.View Filing
edgar index4 — CVRx, Inc.View Filing
eight k text8-K — 8-KView Filing
form 4Form 4 — DALE MICHAEL DView Filing
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form 4Form 4 — SLATTERY JOSEPH PView Filing
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form 4Form 4 — Ballinger Kevin J.View Filing
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form 4Form 4 — Jain Mudit K.View Filing
form 4Form 4 — Jain Mudit K.View Filing
form 4Form 4 — Jain Mudit K.View Filing
form 4Form 4 — Hill, Mitch C.View Filing
form 4Form 4 — Hill, Mitch C.View Filing
form 4Form 4 — SHADAN MARTHAView Filing
form 4Form 4 — SHADAN MARTHAView Filing
edgar indexSD — CVRx, Inc.View Filing
edgar index10-Q — CVRx, Inc.View Filing
edgar index8-K — CVRx, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar indexDEF 14A — CVRx, Inc.View Filing
edgar indexDEFA14A — CVRx, Inc.View Filing
edgar index8-K — CVRx, Inc.View Filing
eight k text8-K — 8-KView Filing
edgar index4 — CVRx, Inc.View Filing
edgar index3 — CVRx, Inc.View Filing
edgar index4 — CVRx, Inc.View Filing
edgar index8-K — CVRx, Inc.View Filing
edgar index4 — CVRx, Inc.View Filing
edgar index4 — CVRx, Inc.View Filing
edgar index4 — CVRx, Inc.View Filing
edgar index4 — CVRx, Inc.View Filing
edgar index4 — CVRx, Inc.View Filing
eight k text8-K — 8-KView Filing
form 4Form 4 — Morrison GregoryView Filing
form 4Form 4 — Morrison GregoryView Filing
form 4Form 4 — Hykes KevinView Filing
form 4Form 4 — OASHEIM JAREDView Filing
form 4Form 4 — VERRASTRO PAULView Filing
form 4Form 4 — John Robert AllenView Filing
form 4Form 4 — Adamson Philip B.View Filing
form 4Form 4 — Hykes KevinView Filing
form 4Form 4 — Hykes KevinView Filing
form 4Form 4 — Binkowski BrentView Filing
form 4Form 4 — Binkowski BrentView Filing
form 4Form 4 — OASHEIM JAREDView Filing
form 4Form 4 — OASHEIM JAREDView Filing
form 4Form 4 — VERRASTRO PAULView Filing
form 4Form 4 — VERRASTRO PAULView Filing
form 4Form 4 — John Robert AllenView Filing
form 4Form 4 — John Robert AllenView Filing
form 4Form 4 — Adamson Philip B.View Filing
form 4Form 4 — Adamson Philip B.View Filing