CVRx, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $56.7M | $51.3M | $39.3M | $22.5M | $13.0M |
| Gross profit | $48.3M | $43.0M | $33.0M | $17.5M | $9.4M |
| Operating income | -$51.3M | -$59.5M | -$43.1M | -$42.5M | -$26.0M |
| Operating expenses | $99.6M | $102.4M | $76.1M | $60.0M | $35.4M |
| Cost of revenue | $8.3M | $8.3M | $6.3M | $5.0M | $3.6M |
| Cash from operations | -$40.2M | -$39.1M | -$39.0M | -$42.7M | -$27.7M |
| Capital expenditure | $580,000 | $1.4M | $591,000 | $685,000 | $1.2M |
| Free cash flow | -$40.8M | -$40.5M | -$39.6M | -$43.4M | -$28.9M |
| Total assets | $104.8M | $133.4M | $115.2M | $124.9M | $152.5M |
| Total liabilities | $65.5M | $62.4M | $39.3M | $15.8M | $6.6M |
| Total debt | $50.0M | $50.0M | $30.0M | — | — |
Shares outstanding 26.5M · Free float 48.6%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.