Filing Flows › CVRx (CVRX) › Q1 2025
CVRx (CVRX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
CVRx (CVRX) reported revenue of $12.3M for the first quarter 2025 (Q1 2025), +15% from a year earlier and -20% from the quarter before. Operating margin was -108.8%, net loss $13.8M (111.5% of revenue).
CVRx, Q1 2025: revenue $12.3M (+15% year over year), operating margin -108.8%, net loss $13.8M, operating cash flow −$12.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.3M | -20% | +15% |
| Operating profit | −$13.4M | — | — |
| Net earnings | −$13.8M | — | — |
| Operating cash flow | −$12.8M | — | — |
What changed
Revenue was $12.3M in Q1 2025, up 15% year over year and down 20% from the previous quarter.
Gross margin was 83.5%, down 1.5 points from a year earlier. Operating costs exceeded revenue by $13.4M, an operating margin of -108.8%. Operating expenses fell 24% while revenue rose 15%. The quarter ended with a net loss of $13.8M, wider than the previous quarter's $10.7M loss.
Operating cash flow was −$12.8M. Non-cash charges added back $184K of depreciation and $2.5M of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $114K exceeded it, leaving free cash flow of −$12.9M.
Questions
What was CVRx's revenue in the first quarter 2025?
CVRx (CVRX) reported revenue of $12.3M for the first quarter 2025 (Q1 2025), +15% from a year earlier and -20% from the quarter before.
Was CVRx profitable in the first quarter 2025?
Operating loss was $13.4M (-108.8% of revenue) and net loss $13.8M.
Source: CVRx 10-Q on SEC EDGAR.