CVRx Q3 revenue falls on lower sales force productivity; cuts 2026 outlook
CVRX•CVRX•CVRX•CVRX•CVRx reported Q3 revenue of $13.83 million, down 6% year over year and slightly below the $13.94 million consensus estimate. It cut its 2026 revenue outlook to $56 million-$57 million from $58 million-$60 million and implemented cost reductions.
CVRx said Q3 revenue fell 6% year over year to $13.83 million, slightly below the $13.94 million consensus estimate. The company cited lower sales force productivity and challenges with a major payer. European revenue declined 27% year over year, with fewer units sold.
CVRx now expects 2026 revenue of $56 million-$57 million, down from its prior forecast of $58 million-$60 million. It expects Q4 2026 revenue of $11.7 million-$12.7 million, gross margin of 86%-87% and operating expenses of $99 million-$101 million. The company also implemented cost reductions.
