Filing Flows › CVRx (CVRX) › Q2 2025
CVRx (CVRX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
CVRx (CVRX) reported revenue of $13.6M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +10% from the quarter before. Operating margin was -105.8%, net loss $14.7M (108.4% of revenue).
CVRx, Q2 2025: revenue $13.6M (+15% year over year), operating margin -105.8%, net loss $14.7M, operating cash flow −$7.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.6M | +10% | +15% |
| Operating profit | −$14.4M | — | — |
| Net earnings | −$14.7M | — | — |
| Operating cash flow | −$7.9M | — | — |
What changed
Revenue was $13.6M in Q2 2025, up 15% year over year and up 10% from the previous quarter.
Gross margin was 84.3%, up 0.4 points from a year earlier. Operating costs exceeded revenue by $14.4M, an operating margin of -105.8%. Operating expenses grew 8% against revenue growth of 15%. The fastest-growing cost line was SG&A (+11%). The quarter ended with a net loss of $14.7M, wider than the previous quarter's $13.8M loss.
Operating cash flow was −$7.9M. Non-cash charges added back $200K of depreciation and $2.9M of share-based compensation. Working capital and other items added $3.7M. Capital expenditures of $103K exceeded it, leaving free cash flow of −$8.0M.
Questions
What was CVRx's revenue in the second quarter 2025?
CVRx (CVRX) reported revenue of $13.6M for the second quarter 2025 (Q2 2025), +15% from a year earlier and +10% from the quarter before.
Was CVRx profitable in the second quarter 2025?
Operating loss was $14.4M (-105.8% of revenue) and net loss $14.7M.
Source: CVRx 10-Q on SEC EDGAR.