Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
CVRX · Nasdaq · United States · Surgical & Medical Instruments & Apparatus
In shortCVRx, Inc. is loss-making, burns cash and holds more cash than debt, with revenue growing (+10.4% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -90.5% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -94.1% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -96.6% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -57.7% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 7.63× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.26× | 41/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -8.80× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -15.50 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -71.9% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 41.1% | 0/100 |
| Operating margin volatility | 49.7% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 36.1% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 13 | 22 | 39 | 51 | 57 |
| Cost of revenue | 3.6 | 5 | 6.3 | 8.3 | 8.3 |
| Gross profit | 9.4 | 17 | 33 | 43 | 48 |
| Research & development | 7.5 | 10 | 12 | 11 | 11 |
| Selling, general & admin | 28 | 50 | 65 | 91 | 88 |
| Operating income | (26) | (43) | (43) | (59) | (51) |
| Interest expense | 2.2 | 0.2 | 1.8 | 4.4 | 5.8 |
| Pre-tax income | (43) | (41) | (41) | (60) | (53) |
| Income tax | 0.1 | 0.1 | 0.1 | 0.1 | (0) |
| Net income | (43) | (41) | (41) | (60) | (53) |
| Diluted EPS | −$4.16 | −$2.02 | −$1.99 | −$2.65 | −$2.04 |
| Diluted shares (millions) | 10 | 21 | 21 | 23 | 26 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
−15.50 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026