CVRx, Inc. (CVRX) intrinsic value & 10-year financials

CVRx, Inc. (CVRX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 56.4% a year to $56.7M, with an average return on invested capital of -278.8%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.30
Market cap
$33.9M
Revenue (FY2025)
$56.7M
Revenue growth (7-yr CAGR)
56.4%
ROIC (10-yr avg)
-278.8%
Free cash flow (FY2025)
-$40.8M

CVRX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $56.7M -$53.3M -$2.04 -$40.8M -90.5% -352.9%
FY2024 $51.3M -$60.0M -$2.65 -$40.5M -116.0% -383.4%
FY2023 $39.3M -$41.2M -$1.99 -$39.6M -109.7% -336.6%
FY2022 $22.5M -$41.4M -$2.02 -$43.4M -189.3% -619.2%
FY2021 $13.0M -$43.1M -$2.08 -$28.9M -199.2% 15.8%
FY2020 $6.1M -$14.1M — -$16.4M -190.2% 3.5%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

CVRx, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

CVRx, Inc. has historically struggled to out-earn its cost of capital, averaging just 0.4% ROIC.

CVRx, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, CVRx, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-67.76 per share.

CVRX stock: frequently asked questions

What is the intrinsic value of CVRx, Inc. (CVRX) stock?

Graham's formula only works with positive earnings. CVRx, Inc. reported diluted EPS of -$2.04 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does CVRx, Inc. generate free cash flow?

CVRx, Inc. generated -$40.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is CVRX's return on invested capital?

Average ROIC over the last 7 fiscal years was -278.8%, and average return on equity was -31.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CVRX data come from?

From CVRx, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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