Cvrx, Inc. balance sheet
At the end of fiscal 2025, Cvrx, Inc. had total assets of $105m, total liabilities of $65.5m and shareholders' equity of $39.3m. It held $75.7m in cash against $50.0m of debt: net cash of $25.7m.
Balance sheet
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 59 | 142 | 106 | 91 | 106 | 76 | 65 |
| Receivables | 1 | 3 | 6 | 8 | 9 | 11 | 9 |
| Inventory | 3 | 4 | 7 | 11 | 12 | 12 | 13 |
| Total current assets | 64 | 151 | 123 | 112 | 130 | 102 | 89 |
| Total assets | 65 | 153 | 125 | 115 | 133 | 105 | 92 |
| Accounts payable | 0 | 1 | 2 | 2 | 3 | 4 | 4 |
| Total current liabilities | 8 | 6 | 8 | 8 | 11 | 13 | 11 |
| Short-term debt | 0 | — | — | — | — | — | — |
| Long-term debt | 19 | 0 | 7 | 29 | 49 | 50 | 59 |
| Total debt | 19 | 0 | 7 | 30 | 50 | 50 | 60 |
| Total liabilities | 28 | 7 | 16 | 39 | 62 | 65 | 72 |
| Shareholders' equity | −293 | 146 | 109 | 76 | 71 | 39 | 20 |
| Non-controlling interests and other (assets − liabilities − equity) | 330 | — | — | — | — | — | — |
| Net debt (negative = net cash) | −40 | −142 | −99 | −61 | −56 | −26 | −5 |
| Shares outstanding | — | 20m | 21m | 21m | 25m | 26m | 27m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 9 | 9 | 9 | 7 | 8 | 11 | 9 | 9 |
| Inventory | 12 | 12 | 12 | 12 | 11 | 12 | 12 | 13 |
| Total current assets | 124 | 130 | 126 | 116 | 108 | 102 | 97 | 89 |
| Total assets | 128 | 133 | 130 | 120 | 111 | 105 | 100 | 92 |
| Accounts payable | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 4 |
| Total current liabilities | 11 | 11 | 9 | 10 | 11 | 13 | 9 | 11 |
| Long-term debt | 49 | 49 | 49 | 49 | 49 | 50 | 58 | 59 |
| Total debt | 49 | 49 | 49 | 49 | 49 | 50 | 58 | 59 |
| Total liabilities | 62 | 62 | 60 | 62 | 63 | 65 | 71 | 72 |
| Shareholders' equity | 65 | 71 | 69 | 58 | 48 | 39 | 29 | 20 |
| Shares outstanding | 24m | 25m | 26m | 26m | 26m | 26m | 26m | 27m |
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