CVRx, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $56.7M | $51.3M | $39.3M | $22.5M | $13.0M | $6.1M |
| Cost of Revenue | $8.3M | $8.3M | $6.3M | $5.0M | $3.6M | $1.4M |
| Gross Profit | $48.3M | $43.0M | $33.0M | $17.5M | $9.4M | $4.6M |
| Gross Margin | 85.3% | 83.8% | 84.1% | 77.8% | 72.1% | 76.2% |
| Operating Expenses | ||||||
| Research & Development | $11.1M | $11.1M | $11.6M | $10.0M | $7.5M | $6.4M |
| SG&A Expense | $88.5M | $91.3M | $64.5M | $50.0M | $27.9M | $9.7M |
| Operating Income | $-51.3M | $-59.5M | $-43.1M | $-42.5M | $-26.0M | $-11.5M |
| Operating Margin | -90.5% | -116.0% | -109.7% | -189.3% | -199.2% | -190.2% |
| Interest Expense | — | — | $1.8M | $165.0K | $2.2M | $2.5M |
| Pretax Income | $-53.3M | $-59.9M | $-41.1M | $-41.3M | $-43.0M | $-14.0M |
| Income Tax Expense | $-18.0K | $55.0K | $147.0K | $109.0K | $91.0K | $85.0K |
| Net Income | $-53.3M | $-60.0M | $-41.2M | $-41.4M | $-43.1M | $-14.1M |
| Net Margin | -94.1% | -116.9% | -104.8% | -184.4% | -330.5% | -233.1% |
| EPS (Basic) | $-2.04 | $-2.65 | $-1.99 | $-2.02 | $-4.16 | $-37.01 |
| EPS (Diluted) | $-2.04 | $-2.65 | $-1.99 | $-2.02 | $-4.16 | $-37.01 |
| Shares Outstanding (Basic) | 26.1M | 22.6M | 20.8M | 20.5M | 10.4M | 360.4K |
| Shares Outstanding (Diluted) | 26.1M | 22.6M | 20.8M | 20.5M | 10.4M | 360.4K |
| Dividends Per Share | — | — | — | — | — | — |