earnings
confidence high
sentiment neutral
materiality 0.65
CVRx Q3 2025 revenue $14.7M (+10% YoY), net loss $12.9M; CMS approves favorable CPT codes for 2026
CVRx, Inc.
2025-Q3 EPS
reported -$1.59
vs consensus -$0.51
▼ miss
(-210.9%)
- Total revenue $14.7M, up 10% YoY; U.S. revenue $13.5M (+10%); Europe revenue $1.2M (+12%).
- Net loss $12.9M ($0.49/share) vs $13.1M ($0.57/share) in Q3 2024; per-share loss improved.
- U.S. active implanting centers reached 250, up 20% year-over-year.
- CMS finalized Category I CPT codes for Barostim, improving patient access and removing adoption barriers.
- FY2025 guidance: revenue $55.6M-$56.6M (narrowed from $55M-$57M), gross margin 85%-86% (raised from 83%-84%).