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CVRx Inc
NASDAQ:CVRX

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CVRx Inc
NASDAQ:CVRX
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Price: 9.0899 USD -2.05%
Market Cap: $239.2m

CVRx Inc
Investor Relations

CVRx, Inc. develops proprietary active implantable technology to treat high blood pressure and heart failure. The company is headquartered in Minneapolis, Minnesota and currently employs 109 full-time employees. The company went IPO on 2021-06-30. The firm is focused on developing, manufacturing and commercializing minimally invasive neuromodulation solutions for patients with cardiovascular diseases. Its platform technology offers BAROSTIM, designed to control the brain to address the imbalance of the autonomic nervous system (ANS), which causes heart failure (HF) and other cardiovascular diseases. The Company’s product, BAROSTIM NEO, is a neuromodulation device indicated to improve symptoms for patients with heart failure with reduced ejection fraction (HFrEF). BAROSTIM NEO provides baroreflex activation therapy (BAT) by sending imperceptible and persistent electrical pulses to baroreceptors located in the wall of the carotid artery to signal the brain to modulate cardiovascular function. BAROSTIM NEO consists of two implantable components, an implantable pulse generator (IPG) and a stimulation lead.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 12, 2026
AI Summary
Q4 2025

Revenue Growth: CVRx reported Q4 revenue of $16 million, up 4% year-over-year, and full-year revenue of $56.7 million, up 10%.

Gross Margin: Gross margin improved to 86% in Q4 from 83% a year ago, helped by higher average selling prices and improved manufacturing efficiency.

Guidance: 2026 revenue is guided between $63 million and $67 million, with gross margin expected between 84% and 86%.

Sales Force Investment: The company expanded to 53 sales territories and 252 active implanting centers, focusing on deeper adoption in select centers.

Reimbursement Milestone: Category 1 CPT codes took effect January 1, 2026, expected to improve patient access and prior authorization approvals.

BENEFIT-HF Trial: Enrollment for the landmark BENEFIT-HF trial starts in Q2 2026, aiming to triple the addressable market if successful.

Cash Position: Ended 2025 with $75.7 million cash, bolstered to $86 million after a $10 million debt facility draw in January 2026.

Key Financials
Revenue
$16 million
Revenue (Full Year)
$56.7 million
Gross Margin
86%
Gross Profit
$13.8 million
Net Loss
$11.9 million
Net Loss Per Share
$0.46
Cash and Cash Equivalents
$75.7 million
Active Implanting Centers
252
Sales Territories (U.S.)
53
U.S. Revenue
$14.9 million
U.S. Revenue Units
478
Europe Revenue
$1.1 million
Europe Revenue Units
49
R&D Expenses
$3 million
SG&A Expenses
$22 million
Interest Expense
$1.4 million
Other Income, Net
$0.7 million
Cash Used in Operating and Investing Activities
$40.8 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Kevin Hykes
President, CEO & Director
No Bio Available
Mr. Jared Oasheim
Chief Financial Officer
No Bio Available
Mr. Paul Verrastro
Chief Marketing & Strategy Officer
No Bio Available
Mr. Paul Pignato
Vice President of Operations
No Bio Available
Ms. Jonelle R. Burnham
VP & General Counsel
No Bio Available
Ms. Tonya A. Austin SPHR
Chief Human Resources Officer
No Bio Available
Ms. Jennifer E. Englund
Senior Vice President of Global Clinical Affairs
No Bio Available
Dr. Philip B. Adamson M.D., M.Sc.
Chief Medical Officer
No Bio Available
Ms. Bonnie Handke M.B.A., R.N.
Senior Vice President of Patient Access, Reimbursement, & Healthcare Economics
No Bio Available
Mr. Robert Allen John
Chief Revenue Officer
No Bio Available

Contacts

Address
MINNESOTA
Minneapolis
9201 West Broadway Avenue, Suite 650
Contacts
+17634162850.0
www.cvrx.com
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