earnings
confidence high
sentiment neutral
materiality 0.75
CVRx Q4 2025 revenue $16.0M (+4% YoY); net loss $11.9M; FY2026 rev guidance $63-67M
CVRx, Inc.
2025-FY EPS
reported -$2.04
vs consensus -$0.45
▼ miss
(-355.8%)
- Q4 revenue $16.0M (US $14.9M, Europe $1.1M); gross margin 86% vs 83% YoY.
- Net loss $11.9M ($0.46/sh) vs $10.7M ($0.43/sh) in Q4 2024; full year net loss $53.3M ($2.04/sh).
- Active US implanting centers 252 (up 29 YoY); 53 US sales territories; BENEFIT-HF trial enrollment expected Q2 2026.
- Jan 2026 amended debt facility: added $10M borrowing to $60M total, interest-only period extended, maturity May 2031.
- FY2026 guidance: revenue $63-67M, gross margin 84-86%, op. expenses $103-107M; Q1 2026 revenue expected $13.7-14.7M.