Filing Flows › CVRx (CVRX) › Q1 2026
CVRx (CVRX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
CVRx (CVRX) reported revenue of $14.8M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -8% from the quarter before. Operating margin was -82.3%, net loss $13.1M (88.8% of revenue).
CVRx, Q1 2026: revenue $14.8M (+20% year over year), operating margin -82.3%, net loss $13.1M, operating cash flow −$12.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.8M | -8% | +20% |
| Operating profit | −$12.2M | — | — |
| Net earnings | −$13.1M | — | — |
| Operating cash flow | −$12.2M | — | — |
What changed
Revenue was $14.8M in Q1 2026, up 20% year over year and down 8% from the previous quarter.
Gross margin was 87.2%, up 3.7 points from Q1 2025. Operating costs exceeded revenue by $12.2M, an operating margin of -82.3%. Operating expenses grew 5% against revenue growth of 20%. The fastest-growing cost line was Research & development (+23%). The quarter ended with a net loss of $13.1M, wider than the previous quarter's $11.9M loss.
Operating cash flow was −$12.2M. Non-cash charges added back $205K of depreciation and $2.9M of share-based compensation. Working capital and other items used $2.2M. Capital expenditures of $122K exceeded it, leaving free cash flow of −$12.3M.
Questions
What was CVRx's revenue in the first quarter 2026?
CVRx (CVRX) reported revenue of $14.8M for the first quarter 2026 (Q1 2026), +20% from a year earlier and -8% from the quarter before.
Was CVRx profitable in the first quarter 2026?
Operating loss was $12.2M (-82.3% of revenue) and net loss $13.1M.
Source: CVRx 10-Q on SEC EDGAR.