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CVRx (CVRX)

Nasdaq Market 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.

5.03 USD
5.05 USD
+0.00 (0.00%)

Last updated

Market Cap
133.48M
P/E
P/FCF
P/S
2.26
Enterprise Value
119.66M
Sector
Industrials
Industry
Surgical and Medical Instruments and Apparatus
Address
9201 WEST BROADWAY AVENUE, MINNEAPOLIS, MN, 55445
Market Cap
133.48M
Enterprise Value
119.66M
P/E
P/B
4.59
P/S
2.26
EV / EBITDA
-2.43
EV / Sales
2.03
EPS
-1.98
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-40.16M
ROE
-180.9%
ROA
-52.8%
Debt / Equity
2.01
Current Ratio
10.2
Quick Ratio
8.89
Cash
7.62
Avg Volume
361.1K
Fundamentals Snapshot Price
5.03

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 14.77M 16.02M 14.69M 13.59M 12.35M
Gross profit 12.88M 13.83M 12.75M 11.45M 10.31M
Operating income -12.16M -11.18M -12.27M -14.38M -13.44M
EBITDA -11.96M -11M -12.07M -14.18M -13.25M
Net income -13.12M -11.93M -12.87M -14.73M -13.77M
Basic EPS -0.5 -0.45 -0.49 -0.57 -0.53
Diluted EPS -0.5 -0.45 -0.49 -0.57 -0.53

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 99.73M 104.79M 111.33M 119.56M 129.59M
Total liabilities 70.62M 65.47M 63.27M 61.63M 60.23M
Total equity 29.11M 39.32M 48.05M 57.93M 69.36M
Cash & equivalents 72.3M 75.71M 85.12M 95.03M 102.67M
Current assets 96.75M 101.65M 107.89M 116.15M 126.13M
Current liabilities 9.49M 13.32M 11.22M 9.69M 8.51M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -12.16M -9.76M -9.71M -7.94M -12.77M
Investing cash flow -122K -68K -295K -103K -114K
Financing cash flow 8.88M 410K 103K 392K 9.62M
Change in cash -3.41M -9.42M -9.9M -7.64M -3.27M
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edgar index 4 — CVRx, Inc. View Filing
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