Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $6.05M | $13.0M | $22.5M | $39.3M | $51.3M | $56.7M |
| Revenue growth | — | 115.4% | 72.4% | 74.9% | 30.5% | 10.4% |
| Gross profit | $4.61M | $9.40M | $17.5M | $33.0M | $43.0M | $48.3M |
| Gross margin | 76.2% | 72.1% | 77.8% | 84.1% | 83.8% | 85.3% |
| Operating income | -$11.5M | -$26.0M | -$42.5M | -$43.1M | -$59.5M | -$51.3M |
| Operating margin | -190.2% | -199.2% | -189.3% | -109.7% | -116.0% | -90.5% |
| Net income | -$14.1M | -$43.1M | -$41.4M | -$41.2M | -$60.0M | -$53.3M |
| Net margin | -233.1% | -330.5% | -184.4% | -104.8% | -116.9% | -94.1% |
| EPS (diluted) | -$37.01 | -$4.16 | -$2.02 | -$1.99 | -$2.65 | -$2.04 |
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$16.1M | -$27.7M | -$42.7M | -$39.0M | -$39.1M | -$40.2M |
| Capital expenditures | $311K | $1.18M | $685K | $591K | $1.36M | $580K |
| Free cash flow | -$16.4M | -$28.9M | -$43.4M | -$39.6M | -$40.5M | -$40.8M |
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $59.1M | $142M | $106M | $90.6M | $106M | $75.7M |
| Total assets | $64.8M | $153M | $125M | $115M | $133M | $105M |
| Total liabilities | $28.0M | $6.59M | $15.8M | $39.3M | $62.4M | $65.5M |
| Long-term debt | $19.3M | $0.00 | $6.75M | $29.2M | $49.3M | $49.5M |
| Shareholders' equity | -$293M | $146M | $109M | $75.9M | $71.1M | $39.3M |
| Retained earnings | -$352M | -$395M | -$436M | -$477M | -$537M | -$591M |
| Shares (wtd avg diluted) | 360K | 10.4M | 20.5M | 20.8M | 22.6M | 26.1M |
Every figure is extracted from CVRx, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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