CVRx (CVRX) Research & Development (2020 - 2026)
CVRx (CVRX) recorded Research & Development of $2.66 million in Q3 2026, down 15.6% from $3.15 million a year earlier and down 15.2% from the prior quarter.
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Analysis
CVRx (CVRX) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, CVRx's Research & Development came in at $11.87 million as of Sep 30, 2026, up 8.5% year-over-year; for FY2025, it was $11.13 million, unchanged from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 11.7% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $11.13 million in FY2024 (-4.3%), $11.63 million in FY2023 (+16.9%), $9.95 million in FY2022 (+32.7%) and $7.5 million in FY2021 (+17.0%).
- The Q3 2026 figure is the lowest quarterly Research & Development since Q2 2025.
- On a year-over-year basis, Research & Development rose in five of the last eight quarters, with growth averaging 7.9%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 252.4% in Q4 2021, against a decline of 26.4% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.13 million (Q2 2026), $3.08 million (Q1 2026) and $3 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.44 Bn | 236.08 Bn | 5.13 Bn | 348.00 Mn |
| 2 | Abbott Laboratories | 187.98 Bn | 162.45 Bn | 7.39 Bn | 920.00 Mn |
| 3 | Danaher | 163.91 Bn | 143.58 Bn | 3.84 Bn | 433.00 Mn |
| 4 | Intuitive Surgical | 153.75 Bn | 134.17 Bn | 2.08 Bn | 408.30 Mn |
| 5 | Medtronic | 131.67 Bn | 97.80 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 117.84 Bn | 104.03 Bn | 4.25 Bn | 433.00 Mn |
| 7 | Boston Scientific | 64.27 Bn | 59.95 Bn | 3.43 Bn | 520.00 Mn |
| 8 | Edwards Lifesciences | 61.69 Bn | 45.00 Bn | 1.35 Bn | 281.40 Mn |
| 9 | Medline | 51.94 Bn | 49.07 Bn | 1.93 Bn | - |
| 10 | CVRx | 17.38 Mn | -253.97 Mn | 12.00 Mn | 2.66 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.66 Mn |
| Jun 30, 2026 | 3.13 Mn |
| Mar 31, 2026 | 3.08 Mn |
| Dec 31, 2025 | 3.00 Mn |
| Sep 30, 2025 | 3.15 Mn |
| Jun 30, 2025 | 2.47 Mn |
| Mar 31, 2025 | 2.52 Mn |
| Dec 31, 2024 | 2.81 Mn |
| Sep 30, 2024 | 2.50 Mn |
| Jun 30, 2024 | 2.77 Mn |
| Mar 31, 2024 | 3.06 Mn |
| Dec 31, 2023 | 2.24 Mn |
| Sep 30, 2023 | 2.70 Mn |
| Jun 30, 2023 | 3.28 Mn |
| Mar 31, 2023 | 3.42 Mn |
| Dec 31, 2022 | 3.05 Mn |
| Sep 30, 2022 | 2.29 Mn |
| Jun 30, 2022 | 2.36 Mn |
| Mar 31, 2022 | 2.26 Mn |
| Dec 31, 2021 | 1.80 Mn |
API Access
CVRx Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=CVRX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CVRX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=CVRX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();