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Cvrx, Inc. (CVRX) stock

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NASDAQ: CVRX Nasdaq Health Care Equipment Next results ~November 5, 2026

D Fundamentals grade

Cvrx, Inc. is a US-listed company in the health care equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$3.1

Forward price-to-sales vs peers

Base case. Range ~$3.1–$12. Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Cvrx, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 6 selling3 purchases and 6 sales by directors and officers, last 12 monthsInsider trades
  • Funds44 adding, 45 cuttingOf 17 active managers that changed their stake, 12 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Cvrx files

Where Cvrx stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $61m, up 12.0% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to -67.1% from -72.1% a year earlier. Operating margin widened to -79.5% from -93.5%. The diluted share count is up 5.8% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 7 financial-health checks. Our price-to-sales vs peers value is $2.26 a share, against a share price of $1.45.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Cvrx, Inc.'s trailing-twelve-month revenue grew 12.0% year on year, with a free-cash-flow margin of -67.1%. Where it stands out: gross margin of 86.9% ranks 10 of 123 health care equipment companies we cover. Where it lags: long-term debt as % of assets of 63.5% ranks 81 of 87 health care equipment companies we cover.

Current signal Gross margin expanding: TTM gross margin reached 86.9%, up 3.4pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 14.0 points on a year ago.

Things to watch

  • Loss-making. Operating margin is -79.5%: costs exceed revenue.
  • Burning cash. Free cash flow was -67.1% of revenue over the last 12 months.
  • Heavy stock-based pay. Stock pay equals 20.0% of revenue, against a median of 6.1% for health care equipment companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 5.8% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 105% and a beta of 0.8 against the S&P 500.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 63.5% ranks 81 of 87 health care equipment companies we cover (median 24.2%).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
-$0.53 against an average estimate of -$0.52: missed by 1.2%
Revenue
$16m, up 15.6% on a year earlier
Share reaction
-57.2% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
total revenue $58m to $60m (the full year of 2026); gross margin 86% to 87% (the full year of 2026)
Next report
November 5, 2026; average EPS estimate -$0.50

Cvrx's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.8%
  • 1 week-5.5%
  • 1 month-11.6%
  • This year-80.7%
  • 1 year-86.6%
  • 5 years-92.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$61.2M
Operating margin
-79.5%
Net margin
-84.9%
EPS (TTM, diluted)
$-1.97

Growth

Revenue growth
+12.0%
Change in growth rate
+0.2 pts
Share count change
+5.8%

Cash

Free cash flow (TTM)
-$41.1M
FCF margin
-67.1%
Stock pay % of revenue
20.0%

Earnings

Last results
August 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Leadership
  3. Results
  4. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Cvrx, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Cvrx, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 7.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.67 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: the projected cash flows don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$3.1 ~$3.5–$12 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$3.1 ~$3.1–$12 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cvrx, Inc. with Health Care Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$12.23$18.35$31.44$12.67$7.10$1.37
Market value$253m$377m$653m$286m$185m$36m
+ Net debt (− = net cash)−$142m−$99m−$61m−$56m−$26m−$5m
Enterprise value$111m$277m$592m$230m$159m$31m
Multiples
Price / sales 19.4x16.8x16.6x5.6x3.3x0.6x
Price / earnings ——————
Price / free cash flow ——————
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

34 /100

Weak moat

How hard Cvrx's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -35.7% of total assets over 5 years.

  • Pricing power 17 / 20

    Gross margin has been a median 82.5%, moving by 5.0 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -136.2%; its worst year was -229.0%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 6 years, at a median -117.1% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $14m and EPS of −$0.50 (range −$0.53 to −$0.47) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$2.02 +1% $59m +4%
Next −$1.88 +7% $66m +12%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.1% on 90 days ago. In the last 30 days, 2 analysts raised Cvrx, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Cvrx, Inc., last 90 days
−$3.00 −$2.00 −$1.00 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$1.98 Current fiscal year, 60 days ago: −$1.96 Current fiscal year, 30 days ago: −$1.96 Current fiscal year, 7 days ago: −$1.96 Current fiscal year, Now: −$2.02 −$2.02 Next fiscal year, 90 days ago: −$1.87 Next fiscal year, 60 days ago: −$1.89 Next fiscal year, 30 days ago: −$1.89 Next fiscal year, 7 days ago: −$1.89 Next fiscal year, Now: −$1.88 −$1.88

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$1.98−$1.87
60 days ago −$1.96−$1.89
30 days ago −$1.96−$1.89
7 days ago −$1.96−$1.89
Now −$2.02−$1.88

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.52 −$0.53 −1.2%
Mar 2026 −$0.50 −$0.50 +0.8%
Dec 2025 −$0.44 −$0.46 −4.9%
Sept 2025 −$0.50 −$0.49 +2.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Total revenue the full year of 2026 $58m to $60m
    “Total revenue between $58.0 million and $60.0 million;” source
  • total revenue the third quarter of 2026 $13.5m to $14.5m
    “For the third quarter of 2026, the Company expects to report total revenue between $13.5 million and $14.5 million.” source
  • Gross margin the full year of 2026 86% to 87%
    “Gross margin between 86% and 87%;” source
  • Operating expenses the full year of 2026 $99m to $101m
    “Operating expenses between $99.0 million and $101.0 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

7 analysts, Oct 2026
Buy343%
Hold343%
Sell114%

Monthly trend

  1. Oct 20263317
  2. Sep 20263317
  3. Aug 20261517

Counts of recommendations published by analysts covering Cvrx, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.2%
of tradable shares
Days to cover
2.84
at average volume
Short interest, 1 month
+30%
to October 15, 2026
Held by institutions
66%
of shares
Held by insiders
10.3%
of shares
Employees
223
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −86.6%

$10.19 on October 31, 2025 to $1.37

ThenNowEffect
Revenue (last 12 months) $55m $61m +12.0%
P/S multiple 4.6x 0.6x −87.3%
Share count 25m 26m −5.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −92.2%

$17.61 on November 3, 2023 to $1.37

ThenNowEffect
Revenue (last 12 months) $31m $61m +98.4%
P/S multiple 11.8x 0.6x −95.0%
Share count 21m 26m −21.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
CVRX+50%+71%−60%−44%−81%
Industry peers (median)−37%−9%−19%−16%−13%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
CVRX58%50%33%33%27%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
CVRX−62%−64%−79%−74%−86%
S&P 500−25%−10%−8%−19%−9%

Worst fall since June 30, 2021: 96% from December 28, 2023 to October 16, 2026. Getting back needed a 2439% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.30 – $10.36
From 52-week high
−86.8%
vs 50-day average
−38.7%
vs 200-day average
−74.0%
Volatility (1 year)
105%
Beta vs S&P 500
0.83

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±23.2%
After a week
4 up, 8 down
typical move ±20.5%
After a month
4 up, 8 down
typical move ±24.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −57.2% +0.5% −47.3% −45.3%
May 11, 2026 −22.8% +0.1% −13.0% −29.3%
April 13, 2026 +7.9% +2.2% +1.2% −26.3%
February 12, 2026 −18.6% −1.5% +0.5% +29.4%
January 12, 2026 −24.7% 0.0% −31.1% −25.0%
November 5, 2025 +0.6% −0.7% −4.7% −9.4%
August 4, 2025 −10.0% +1.0% −0.7% +3.4%
May 8, 2025 −36.2% +0.6% −17.2% −16.7%
April 7, 2025 −47.1% −1.7% −44.3% −36.2%
February 4, 2025 −2.5% +1.1% −5.8% −25.1%
January 13, 2025 +14.0% +0.3% +29.9% +3.7%
October 29, 2024 +36.7% −0.1% +49.9% +48.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Cvrx, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Cvrx, Inc.
$30M $40M $50M $60M $70M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $35.2M Revenue (TTM), FY23 Q4: $39.3M Revenue (TTM), FY24 Q1: $42.1M Revenue (TTM), FY24 Q2: $44.4M Revenue (TTM), FY24 Q3: $47.3M Revenue (TTM), FY24 Q4: $51.3M Revenue (TTM), FY25 Q1: $52.9M Revenue (TTM), FY25 Q2: $54.7M Revenue (TTM), FY25 Q3: $56M Revenue (TTM), FY25 Q4: $56.7M Revenue (TTM), FY26 Q1: $59.1M Revenue (TTM), FY26 Q2: $61.2M $61.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $35.2M
FY23 Q4 $39.3M
FY24 Q1 $42.1M
FY24 Q2 $44.4M
FY24 Q3 $47.3M
FY24 Q4 $51.3M
FY25 Q1 $52.9M
FY25 Q2 $54.7M
FY25 Q3 $56M
FY25 Q4 $56.7M
FY26 Q1 $59.1M
FY26 Q2 $61.2M
Revenue growth, TTM YoY Cvrx, Inc.
0% 50% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 85.6% Revenue growth, TTM YoY, FY23 Q4: 74.9% Revenue growth, TTM YoY, FY24 Q1: 59.6% Revenue growth, TTM YoY, FY24 Q2: 43.9% Revenue growth, TTM YoY, FY24 Q3: 34.4% Revenue growth, TTM YoY, FY24 Q4: 30.5% Revenue growth, TTM YoY, FY25 Q1: 25.6% Revenue growth, TTM YoY, FY25 Q2: 23.1% Revenue growth, TTM YoY, FY25 Q3: 18.4% Revenue growth, TTM YoY, FY25 Q4: 10.4% Revenue growth, TTM YoY, FY26 Q1: 11.7% Revenue growth, TTM YoY, FY26 Q2: 12.0% 12.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 85.6%
FY23 Q4 74.9%
FY24 Q1 59.6%
FY24 Q2 43.9%
FY24 Q3 34.4%
FY24 Q4 30.5%
FY25 Q1 25.6%
FY25 Q2 23.1%
FY25 Q3 18.4%
FY25 Q4 10.4%
FY26 Q1 11.7%
FY26 Q2 12.0%
Operating margin (TTM) Cvrx, Inc.
-150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -127.7% Operating margin (TTM), FY23 Q4: -109.7% Operating margin (TTM), FY24 Q1: -126.3% Operating margin (TTM), FY24 Q2: -124.8% Operating margin (TTM), FY24 Q3: -124.6% Operating margin (TTM), FY24 Q4: -116.0% Operating margin (TTM), FY25 Q1: -95.9% Operating margin (TTM), FY25 Q2: -93.5% Operating margin (TTM), FY25 Q3: -90.0% Operating margin (TTM), FY25 Q4: -90.5% Operating margin (TTM), FY26 Q1: -84.6% Operating margin (TTM), FY26 Q2: -79.5% -79.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -127.7%
FY23 Q4 -109.7%
FY24 Q1 -126.3%
FY24 Q2 -124.8%
FY24 Q3 -124.6%
FY24 Q4 -116.0%
FY25 Q1 -95.9%
FY25 Q2 -93.5%
FY25 Q3 -90.0%
FY25 Q4 -90.5%
FY26 Q1 -84.6%
FY26 Q2 -79.5%
FCF margin (TTM) Cvrx, Inc.
-150% -100% -50% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -120.9% FCF margin (TTM), FY23 Q4: -100.8% FCF margin (TTM), FY24 Q1: -97.3% FCF margin (TTM), FY24 Q2: -86.0% FCF margin (TTM), FY24 Q3: -85.6% FCF margin (TTM), FY24 Q4: -79.0% FCF margin (TTM), FY25 Q1: -78.6% FCF margin (TTM), FY25 Q2: -72.1% FCF margin (TTM), FY25 Q3: -69.7% FCF margin (TTM), FY25 Q4: -71.9% FCF margin (TTM), FY26 Q1: -68.0% FCF margin (TTM), FY26 Q2: -67.1% -67.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -120.9%
FY23 Q4 -100.8%
FY24 Q1 -97.3%
FY24 Q2 -86.0%
FY24 Q3 -85.6%
FY24 Q4 -79.0%
FY25 Q1 -78.6%
FY25 Q2 -72.1%
FY25 Q3 -69.7%
FY25 Q4 -71.9%
FY26 Q1 -68.0%
FY26 Q2 -67.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 6 13 22 39 51 57 61
Gross profit 5 9 17 33 43 48 53
EBITDA −11 −26 −42 −43 −59 −51 −48
Operating income −12 −26 −43 −43 −59 −51 −49
Net income −14 −43 −41 −41 −60 −53 −52
Diluted EPS −$18.50 −$2.08 −$2.02 −$1.99 −$2.65 −$2.04 −$1.97
Growth (year on year)
Revenue — +115.4% +72.4% +74.9% +30.5% +10.4% +12.0%
Margins
Gross margin 76.2% 72.1% 77.8% 84.1% 83.8% 85.3% 86.9%
EBITDA margin −189.0% −197.9% −187.4% −108.4% −114.8% −89.2% −78.2%
Operating margin −190.2% −199.2% −189.3% −109.7% −116.0% −90.5% −79.5%
Net margin −233.1% −330.5% −184.4% −104.8% −116.9% −94.1% −84.9%
Free-cash-flow margin −271.1% −221.8% −193.0% −100.8% −79.0% −71.9% −67.1%
Cash flow
Cash from operations −16 −28 −43 −39 −39 −40 −40
Capital spending 0 1 1 1 1 1 1
Free cash flow −16 −29 −43 −40 −41 −41 −41
Stock-based pay 0 2 4 6 19 11 12
Free cash flow after stock pay −17 −31 −47 −46 −60 −52 −53
Balance sheet
Cash 59 142 106 91 106 76 65
Total debt 19 0 7 30 50 50 60
Net debt (negative = net cash) −40 −142 −99 −61 −56 −26 −5
Diluted shares — 21m 21m 21m 23m 26m 26m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 7 checks passed · June 30, 2026
What it owns · $92m
Short-term assets $89mLonger-term assets $3m
What it owes, and who funded it · $92m
Short-term liabilities $11mLonger-term liabilities $61mShareholders' equity $20m
  • Short-term assets cover short-term liabilities $89m of assets due within a year against $11m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $89m short-term assets against $61m of longer-dated liabilities.
  • More cash than debt $65m of cash against $59m of debt.
  • Debt below 40% of shareholders' equity Debt is 294% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 0% to 294% over five years.
  • A year's operating cash flow covers at least 20% of debt −$40m of operating cash flow against $59m of debt.
  • Operating profit covers interest at least five times over Operating income of −$49m against $6m of interest.

From Cvrx, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+5.8%
year over year
R&D spending
20.2%
of revenue
Sales & admin spending
146.2%
of revenue
Days sales outstanding
56 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in health care equipment
Last 12 months unless stated CVRX APT LNSR APYX IRIX ELMD Median
Revenue, last 12 months $61m $62m $60m $58m $52m $74m $99m
Revenue growth, last 12 months 12.0% 5.7% 3.3% 25.6% 3.7% 15.3% 9.2%
Revenue growth, 3-year average 25.7% 2.9% 16.4% 7.2% −2.9% 15.4% 13.5%
Revenue growth, latest quarter 15.6% 12.0% 18.4% 22.1% −7.4% 11.6% 10.2%
Gross margin 86.9% 38.0% 48.3% 63.5% 35.9% 78.5% 61.2%
Operating margin −79.5% 7.5% −13.5% −6.1% −5.4% 18.8% −8.5%
Operating margin, 3-year average −99.3% 6.7% −22.5% −26.2% −11.3% 15.3% −17.9%
Net margin −84.9% 6.8% 57.6% −14.8% −6.9% 15.3% −12.0%
Cash from operations / revenue −66.1% 10.4% −12.1% −17.3% −3.4% 13.1% −1.9%
Free-cash-flow margin −67.1% 9.4% −12.1% −18.9% −3.9% 11.3% −3.9%
Free-cash-flow margin, 3-year average −75.1% 6.9% −14.5% −20.1% −9.1% 14.8% −7.0%
Stock pay / revenue 20.0% 0.9% 4.6% 4.1% 1.4% 3.7% 6.1%
Change in share count 5.8% −5.3% 33.3% 10.5% 3.3% −2.5% 4.0%

Median of all 134 companies we cover in health care equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

134 health care equipment companies
Measure Company Peer median Rank
Revenue growth Growth 12.0% 9.1% 59 of 129
Change in growth rate Growth +0.2pp -0.6pp 53 of 129
Gross margin Profitability 86.9% 61.9% 10 of 123
Operating margin Profitability -79.5% -8.3% 101 of 132
Net margin Profitability -84.9% -12.0% 101 of 133
Free-cash-flow margin Cash generation -67.1% -3.4% 99 of 128
Stock pay as % of revenue Cash generation 20.0% 6.1% 98 of 123
Long-term debt as % of assets Balance sheet 63.5% 24.2% 81 of 87
Change in share count Balance sheet 5.8% 3.3% 75 of 115
Days sales outstanding Balance sheet 56 days 57 days 59 of 118

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $51.9M 91.6% ▲ 10.0%
Germany $4.8M 8.4% ▲ 15.6%

From Cvrx, Inc.'s 10-K filed February 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$78.7M
Institutions reporting
88
Shares held vs prior quarter
▲ 4.0%
Positions opened / closed
9 / 17

Top buyers and sellers, Q2 2026: 44 institutions bought and 45 sold ; the biggest buyer was Royal Bank Of Canada (+526K shares) and the biggest seller Balyasny Asset Management L.P (−631K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Johnson & Johnson $20.7M 4.0M 26.3% 0.0%
Nea Management Company, LLC $10M 2.0M 12.8% ▼ 3.5%
Blackrock, Inc. $6.4M 1.2M 8.1% ▲ 21.3%
Royal Bank Of Canada $6.3M 1.2M 8.1% ▲ 74.4%
Gsk PLC $5.2M 1.0M 6.6% 0.0%
Vanguard Capital Management LLC $4.7M 911K 5.9% ▼ 0.1%
Silvercrest Asset Management Group LLC $4.5M 878K 5.7% ▲ 53.5%
Geode Capital Management, LLC $2.3M 441K 2.9% ▲ 3.2%
Pfm Health Sciences, LP $1.9M 370K 2.4% New
State Street Corp $1.9M 366K 2.4% ▲ 4.5%
Renaissance Technologies LLC $1.2M 230K 1.5% ▲ 1091.7%
UBS Group AG $1.2M 224K 1.5% ▲ 116.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cvrx, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $376,741 3 trades by 2 insiders, last 12 months Insider sales History → $129,872 6 trades by 6 insiders · 100% under pre-set plans
Net ▲ $246,869 net buying
Insider Date Trade Shares Price Value
Binkowski Brent CHIEF OPERATING OFFICER August 13, 2026 Buy 26,223 $2.91 $76,309
Binkowski Brent CHIEF OPERATING OFFICER August 12, 2026 Sell pre-set plan 1,309 $2.55 $3,338
John Robert Allen Chief Revenue Officer March 2, 2026 Sell pre-set plan 3,964 $7.90 $31,316
Oasheim Jared CHIEF FINANCIAL OFFICER March 2, 2026 Sell pre-set plan 1,744 $7.90 $13,778
Verrastro Paul CHIEF MKTG & STRAT OFFICER March 2, 2026 Sell pre-set plan 1,284 $7.90 $10,144
Hykes Kevin PRES & CEO March 2, 2026 Sell pre-set plan 7,763 $7.90 $61,328
Adamson Philip B. Chief Medical Officer March 2, 2026 Sell pre-set plan 1,262 $7.90 $9,970
Jain Mudit K. Director February 20, 2026 Buy 46,800 $6.36 $297,648
Jain Mudit K. Director February 18, 2026 Buy 600 $4.64 $2,784

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • August 6, 2026
  • May 11, 2026
  • April 13, 2026
  • February 12, 2026
  • January 12, 2026
  • November 5, 2025

Recent SEC filings

Data status

When each part of this page on Cvrx, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cvrx, Inc. in brief

What does Cvrx, Inc. do?
Cvrx, Inc. is a US-listed company in the health care equipment industry. Its financial year ends in December.
What is Cvrx, Inc.'s stock ticker?
Cvrx, Inc. trades under the ticker CVRX on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cvrx, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cvrx, Inc. reported revenue of $61.2M, 12.0% higher than a year earlier, according to its SEC filings.
What is Cvrx, Inc.'s free cash flow?
Cvrx, Inc.'s free-cash-flow margin is -67.1% of revenue over the trailing twelve months, ranking 99 of the 128 health care equipment companies we cover.
Who are Cvrx, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Johnson & Johnson, Nea Management Company, LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Cvrx, Inc.'s market cap?
On November 2, 2026, Cvrx, Inc.'s market capitalisation was about $36.1M and net debt of -$4.6M. Market figures come from third-party market data and may be delayed.
How much debt does Cvrx, Inc. have?
Cvrx, Inc.'s debt-to-equity ratio is 293.5%, from its latest balance sheet (0.0% five years earlier). The financial health section below sets out its other solvency checks.
Who are Cvrx, Inc.'s competitors?
In our Health Care Equipment peer group, the companies closest to Cvrx, Inc. are Alpha PRO Tech LTD, Lensar, Inc., Apyx Medical Corp, Iridex Corp and Electromed, Inc. The side-by-side comparison below sets their revenue, margins and growth against Cvrx, Inc.'s.
Are insiders buying or selling Cvrx, Inc. stock?
Over the last 12 months, Cvrx, Inc.'s directors and officers reported 3 open-market purchases and 6 sales on Form 4. The insider trading page charts every trade.
When is Cvrx, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Cvrx, Inc. announces its own schedule.