CVRx, Inc. (CVRX)

From the record

CVRx, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

CVRx, Inc.'s 6 filed years say what it did: revenue went from $6 million in fiscal 2020 to $57 million in fiscal 2025, up 56.4% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 0 of 6 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, CVRx, Inc. lost about 136 cents for every dollar of shareholders' money, and gross profitability: its products earned about 46 cents per dollar of everything the company owns. Leverage: it owed about 62 cents per dollar of assets, and net share issuance: its share count grew 15.4% over the year (the filed statements).

From the record

CVRx, Inc.'s standing among 109 graded names in its industry family: revenue of $57 million in fiscal 2025 ranks in the bottom 44% by size; a net margin of -94.1% ranks in the bottom 25%; revenue growth of 36.1% a year over the last 3 filed years ranks in the top 21% (its annual reports).

From the record

CVRx, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Hykes, Kevin (PRES & CEO, as filed), filing under that title since 2024-02-14, 2.7 years (bottom 37% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 2.4 years (bottom 9%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (bottom 41%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

CVRx, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $76 million against debt of $50 million leaves 25% of its assets as net cash, top 34% of its family; cash from operations less capital spending is -71.9% of revenue (bottom 25%); a gross margin of 85.3% (top 7%); research spending of 19.7% of revenue (top 39%) (its annual report).

From the record

CVRx, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 36.1% a year over the last three filed years against 56.4% over all 6, slowing (bottom 14% of its family); the newest year grew 10.5% (bottom 42%); research spending grew 3.8% a year (bottom 45%); capital spending grew -5.4% a year (bottom 45%) (its annual reports). CVRx, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

CVRx, Inc.'s newest year against its own record: revenue of $57 million in fiscal 2025 came in 26.9% below the $77 million its prior three years' pace pointed to (bottom 16% of its family); net income of $53 million against a prior three-year average of $48 million (bottom 32%); a net margin of -94.1% against losses larger than its revenue before (top 20%) (its annual reports).