Financial Statements — CVRX
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 |
|---|
| Cash & Equivalents | 64.59 | 72.30 | 85.12 | 95.03 | 102.67 | 100.16 | 70.40 | 80.11 | 82.99 | 90.82 | 103.28 | 109.99 | 121.35 | 131.18 | 170.91 | 47.13 |
| Accounts Receivable | 9.40 | 9.10 | 8.21 | 7.15 | 9.01 | 9.03 | 8.61 | 8.49 | 6.37 | 6.73 | 6.43 | 5.30 | 3.60 | 3.67 | 3.42 | 2.24 |
| Inventory | 13.03 | 12.40 | 11.39 | 11.72 | 11.67 | 11.89 | 11.22 | 11.06 | 10.89 | 10.93 | 8.24 | 6.06 | 5.83 | 5.26 | 3.44 | 3.16 |
| Total Current Assets | 89.49 | 96.75 | 107.89 | 116.15 | 126.13 | 123.87 | 91.99 | 102.32 | 103.60 | 112.01 | 120.58 | 124.41 | 131.94 | 142.20 | 180.70 | 54.22 |
| Property, Plant & Equipment | 2.06 | 2.16 | 2.45 | 2.35 | 2.44 | 2.63 | 2.76 | 2.55 | 1.72 | 1.82 | 1.81 | 1.75 | 1.61 | 1.66 | 0.94 | 0.82 |
| Total Non-current Assets* | 2.80 | 2.98 | 3.44 | 3.42 | 3.46 | 3.80 | 3.99 | 3.85 | 2.81 | 2.96 | 2.11 | 2.16 | 2.10 | 2.20 | 1.01 | 0.85 |
| Total Assets | 92.28 | 99.73 | 111.33 | 119.56 | 129.59 | 127.67 | 95.98 | 106.17 | 106.40 | 114.97 | 122.69 | 126.58 | 134.04 | 144.41 | 181.71 | 55.06 |
| Accounts Payable | 3.87 | 3.00 | 3.63 | 3.03 | 2.75 | 3.28 | 3.52 | 2.61 | 1.13 | 2.93 | 2.00 | 1.28 | 0.61 | 1.61 | 0.54 | 0.89 |
| Total Current Liabilities | 11.12 | 9.49 | 11.22 | 9.69 | 8.51 | 10.95 | 9.13 | 8.40 | 7.41 | 8.93 | 7.96 | 7.40 | 5.91 | 6.59 | 8.85 | 25.04 |
| Long-term Debt | 58.57 | 58.49 | 49.45 | 49.39 | 49.33 | 49.21 | 29.32 | 29.27 | 14.29 | 14.25 | 14.22 | -- | -- | -- | 16.15 | 19.42 |
| Total Non-current Liabilities* | 61.21 | 61.13 | 52.05 | 51.94 | 51.72 | 51.54 | 31.61 | 31.51 | 16.17 | 16.08 | 15.09 | 0.94 | 0.98 | 1.01 | 17.09 | 18.97 |
| Total Liabilities | 72.33 | 70.62 | 63.27 | 61.63 | 60.23 | 62.49 | 40.73 | 39.91 | 23.58 | 25.01 | 23.05 | 8.33 | 6.89 | 7.60 | 25.94 | 44.01 |
| Retained Earnings | (617.82) | (603.77) | (578.72) | (565.85) | (551.11) | (526.70) | (513.60) | (499.57) | (468.22) | (459.21) | (447.56) | (425.65) | (415.82) | (404.74) | (384.18) | (378.05) |
| Total Stockholder Equity | 19.95 | 29.11 | 48.05 | 57.93 | 69.36 | 65.18 | 55.25 | 66.26 | 82.83 | 89.96 | 99.64 | 118.24 | 127.15 | 136.80 | 155.76 | (318.93) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 15.71 | 14.77 | 16.02 | 14.69 | 13.59 | 12.35 | 15.34 | 13.37 | 11.81 | 10.77 | 11.31 | 10.51 | 9.50 | 7.98 | 7.18 | 6.19 | 5.03 | 4.08 | 3.66 | 3.40 |
| Cost of Revenue | 1.98 | 1.89 | 2.20 | 1.94 | 2.14 | 2.04 | 2.57 | 2.25 | 1.90 | 1.62 | 1.72 | 1.69 | 1.52 | 1.33 | 1.51 | 1.34 | 1.20 | 0.95 | 0.98 | 0.88 |
| Gross Profit | 13.72 | 12.88 | 13.83 | 12.75 | 11.45 | 10.31 | 12.77 | 11.13 | 9.91 | 9.15 | 9.59 | 8.82 | 7.98 | 6.65 | 5.67 | 4.85 | 3.83 | 3.13 | 2.67 | 2.52 |
| Research & Development | 3.13 | 3.08 | 3.00 | 3.15 | 2.47 | 2.52 | 2.81 | 2.50 | 2.77 | 3.06 | 2.24 | 2.70 | 3.28 | 3.42 | 3.05 | 2.29 | 2.36 | 2.26 | 1.80 | 1.70 |
| Selling, General & Admin | 23.62 | 21.96 | 22.01 | 21.88 | 23.36 | 21.23 | 20.24 | 21.63 | 21.12 | 28.33 | 17.01 | 15.65 | 16.45 | 15.40 | 14.10 | 12.68 | 12.49 | 10.78 | 9.66 | 8.11 |
| Total Operating Expenses | 26.75 | 25.04 | 25.01 | 25.02 | 25.83 | 23.75 | 23.05 | 24.14 | 23.88 | 31.39 | 19.25 | 18.35 | 19.74 | 18.81 | 17.15 | 14.97 | 14.84 | 13.04 | 11.46 | 9.81 |
| Operating Income | (13.02) | (12.16) | (11.18) | (12.27) | (14.38) | (13.44) | (10.27) | (13.01) | (13.97) | (22.23) | (9.66) | (9.53) | (11.75) | (12.16) | (11.48) | (10.13) | (11.01) | (9.91) | (8.79) | (7.29) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.96 | 0.58 | 0.50 | 0.48 | 0.24 | 0.17 | -- | -- | 0.60 | 0.40 | 0.61 |
| Pretax Income | (14.04) | (13.12) | (11.94) | (12.87) | (14.74) | (13.77) | (10.72) | (13.05) | (13.99) | (22.15) | (9.12) | (8.97) | (11.62) | (11.34) | (10.51) | (9.80) | (11.05) | (9.96) | (10.54) | (6.11) |
| Tax Provision | 0.00 | 0.00 | (0.01) | -0.00 | -0.00 | -0.00 | (0.07) | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 |
| Net Income | (14.04) | (13.12) | (11.93) | (12.87) | (14.74) | (13.77) | (10.65) | (13.10) | (14.03) | (22.19) | (9.16) | (9.01) | (11.65) | (11.37) | (10.54) | (9.83) | (11.07) | (9.99) | (10.57) | (6.13) |
| Basic EPS | (0.53) | (0.50) | (0.45) | (0.49) | (0.57) | (0.53) | (0.39) | (0.57) | (0.65) | (1.04) | (0.45) | (0.43) | (0.56) | (0.55) | (0.51) | (0.48) | (0.54) | (0.49) | -- | -- |
| Diluted EPS | (0.53) | (0.50) | (0.45) | (0.49) | (0.57) | (0.53) | (0.39) | (0.57) | (0.65) | (1.04) | (0.45) | (0.43) | (0.56) | (0.55) | (0.56) | (0.48) | (0.49) | (0.49) | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (8.83) | (12.16) | (9.76) | (9.71) | (7.94) | (12.77) | (8.01) | (10.41) | (9.83) | (10.90) | (7.84) | (8.12) | (12.81) | (10.25) | (10.84) | (11.10) | (10.10) | (10.64) | (7.01) | (9.21) |
| Capital Expenditures | 0.11 | 0.12 | 0.07 | 0.30 | 0.10 | 0.11 | 0.05 | 0.04 | 0.36 | 0.92 | 0.17 | 0.04 | 0.14 | 0.24 | 0.08 | 0.26 | 0.05 | 0.29 | 0.54 | 0.17 |
| Free Cash Flow* | (8.94) | (12.29) | (9.83) | (10.00) | (8.04) | (12.88) | (8.06) | (10.45) | (10.18) | (11.81) | (8.01) | (8.16) | (12.95) | (10.49) | (10.92) | (11.36) | (10.14) | (10.94) | (7.55) | (9.38) |
| Investing Cash Flow | (0.11) | (0.12) | (0.07) | (0.29) | (0.10) | (0.11) | (0.05) | (0.04) | (0.35) | (0.92) | (0.17) | (0.04) | (0.14) | (0.24) | (0.08) | (0.26) | (0.05) | (0.29) | (0.54) | (0.16) |
| Financing Cash Flow | 1.22 | 8.88 | 0.41 | 0.10 | 0.39 | 9.62 | 13.83 | 40.20 | 0.47 | 1.36 | 15.58 | 0.36 | 0.47 | 7.57 | 7.12 | 0.01 | 0.32 | 0.05 | (21.29) | 133.17 |
* Derived from reported values
