Cvrx, Inc. income statement
In fiscal 2025, Cvrx, Inc. reported revenue of $56.7m, up 10.4% on the year before, operating income of −$51.3m (a -90.5% margin) and net income of −$53.3m, or −$2.04 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 6 | 13 | 22 | 39 | 51 | 57 | 61 |
| Cost of revenue | 1 | 4 | 5 | 6 | 8 | 8 | 8 |
| Gross profit | 5 | 9 | 17 | 33 | 43 | 48 | 53 |
| Research and development | 6 | 8 | 10 | 12 | 11 | 11 | 12 |
| Selling, general and administrative | 10 | 28 | 50 | 65 | 91 | 88 | 89 |
| Operating income | −12 | −26 | −43 | −43 | −59 | −51 | −49 |
| Interest expense | 2 | 2 | 0 | 2 | 4 | 6 | 6 |
| Income before tax | −14 | −43 | −41 | −41 | −60 | −53 | −52 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −0 | −0 |
| 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 |
| Diluted shares (average) | — | 21m | 21m | 21m | 23m | 26m | 26m |
| EBITDA | −11 | −26 | −42 | −43 | −59 | −51 | −48 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 15 | 12 | 14 | 15 | 16 | 15 | 16 |
| Cost of revenue | 2 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Gross profit | 11 | 13 | 10 | 11 | 13 | 14 | 13 | 14 |
| Research and development | 3 | 3 | 3 | 2 | 3 | 3 | 3 | 3 |
| Selling, general and administrative | 22 | 20 | 21 | 23 | 22 | 22 | 22 | 24 |
| Operating income | −13 | −10 | −13 | −14 | −12 | −11 | −12 | −13 |
| Interest expense | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 2 |
| Income before tax | −13 | −11 | −14 | −15 | −13 | −12 | −13 | −14 |
| Income tax | 0 | −0 | −0 | −0 | −0 | −0 | 0 | 0 |
| Net income | −13 | −11 | −14 | −15 | −13 | −12 | −13 | −14 |
| Diluted EPS | −$0.57 | −$0.40 | −$0.53 | −$0.57 | −$0.49 | −$0.45 | −$0.50 | −$0.53 |
| EBITDA | −13 | −10 | −13 | −14 | −12 | −11 | −12 | −13 |
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