CVRx Inc logo

CVRx Inc(CVRX)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$3
09/15/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for CVRX

09/15/2026: CVRX (1-star) is currently NOT-A-BUY. Pass it for now.

CVRx Inc is a commercial-stage medical device company focused on treating heart failure through its proprietary Barostim neuromodulation technology. The company’s primary strength is its unique, first-in-class, FDA-approved device that provides an alternative to traditional pharmaceutical care. The investment story centers on the company’s ability to scale its reach through increased physician adoption and expanded insurance coverage. However, risks include heavy competition from large-cap device manufacturers, the reliance on a single product platform, and the challenge of establishing broad market penetration. CVRx may best suit growth investors interested in medical innovation, though it requires monitoring of commercial adoption rates and payer coverage updates.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company is a commercial-stage medical device provider with significant market penetration potential.
Momentum investorMixed fitMomentum appeal is conditional on consistent growth signals and positive market adoption milestones.
Value investorWeak fitThe company is in a growth-focused phase with limited profitability, making traditional value metrics less applicable.
Dividend investorWeak fitCVRx does not pay a dividend as it prioritizes reinvestment into market expansion.
Low-risk investorWeak fitThe volatility associated with emerging medical technology companies makes it less suitable for risk-averse investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighSmall-cap medical device stocks often experience significant price swings based on commercial progress or study data.
Valuation riskMedium / highValuations are highly sensitive to revenue growth forecasts and market adoption assumptions.
Competition risk (large cap device manufacturers)HighEstablished players have superior resources to defend their market share against emerging therapies.
Business qualityMediumThe business relies on a single proprietary platform, creating both potential for high returns and concentration risk.
Dividend incomeLow / noneThe company does not provide income to shareholders.
Execution riskMedium / highThe company must successfully navigate complex sales and reimbursement landscapes to achieve scale.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -27.61%
Avg. Invested days 20
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/15/2026

Upturn Scorecard

Upturn Star Rating

CVRX receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

CVRX has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+11.1%) and solid revenue growth (+10.4%) are partially offset by soft cash generation (FCF margin -71.9%), soft profitability (net margin -94.1%).

Financial Health Rating

CVRX's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 84.3%). Cash strength is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

Earnings growth is CVRX's strongest growth driver at +11.1% FY2025 versus FY2024 (solid, 4 stars). By comparison, revenue growth (+10.4%, solid) is also solid, while free-cash-flow growth (-0.6%, slightly negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 65.8% and approximately 58.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 15.20% supports management-shareholder alignment.

Top 5 Institutional Investors

Johnson & Johnson 15.11%
NEA Management Company, LLC 7.61%
BlackRock Inc 3.85%
GSK PLC 3.78%
Vanguard Capital Management, LLC 3.42%

Unit Economics (Per $1K Revenue)

CVRX generates approximately $853 of gross profit, $-905 of operating income, and $-719 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 0.03%

Quantitative Style Profile

CVRX has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 79.92M USD
Price to earnings Ratio -
1Y Target Price 4.58
Price to earnings Ratio -
1Y Target Price 4.58
Volume (30-day avg) 1.4M shares
Beta 0.76
52 Weeks Range 2.20 - 11.30
Updated Date 09/15/2026
52 Weeks Range 2.20 - 11.30
Updated Date 09/15/2026
Dividends yield (FY) -
Basic EPS (TTM) -1.97

How Company Makes Money

Business areaWhat it includesRetail investor read
Barostim System SalesSale of implantable pulse generators and associated leads for heart failure treatment.Revenue is generated entirely through the adoption and sale of their specific heart failure device.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 74.60M
Price to Sales(TTM) 1.31
Enterprise Value 74.60M
Price to Sales(TTM) 1.31
Enterprise Value to Revenue 1.17
Enterprise Value to EBITDA -1.31
Shares Outstanding 26.64M
Shares Floating 15.55M
Shares Outstanding 26.64M
Shares Floating 15.55M
Percent Insiders 15.2
Percent Institutions 65.81

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About CVRx Inc

Exchange NASDAQ
Headquarters Minneapolis, MN, United States
IPO Launch date 2021-06-30
President, CEO & Director Mr. Kevin Hykes
Sector Healthcare
Industry Medical Devices
Full time employees 223
Full time employees 223

CVRx, Inc., a commercial-stage medical device company, engages in developing, manufacturing, and commercializing neuromodulation solutions for patients with cardiovascular diseases in the United States, Germany, and internationally. The company offers Barostim, an implantable device that delivers electrical pulses to baroreceptors located in the wall of the carotid artery to counteract decreased baroreceptor signaling, and provides baroreflex activation therapy, which links the cardiovascular system to the autonomic nervous system. It sells its products through direct sales force, sales agents, and independent distributors. The company was incorporated in 2000 and is headquartered in Minneapolis, Minnesota.