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Side-by-side financial comparison of CVRx, Inc. (CVRX) and Tectonic Financial, Inc. (TECTP). Click either name above to swap in a different company.

Tectonic Financial, Inc. is the larger business by last-quarter revenue ($23.0M vs $16.0M, roughly 1.4× CVRx, Inc.). Tectonic Financial, Inc. runs the higher net margin — 23.8% vs -74.5%, a 98.3% gap on every dollar of revenue. On growth, Tectonic Financial, Inc. posted the faster year-over-year revenue change (17.9% vs 4.4%). CVRx, Inc. produced more free cash flow last quarter ($-9.8M vs $-17.3M). Over the past eight quarters, Tectonic Financial, Inc.'s revenue compounded faster (270.5% CAGR vs 22.0%).

CVRx, Inc. is a commercial-stage medical technology company specializing in neuromodulation therapies for chronic cardiovascular diseases. Its flagship Barostim system treats heart failure and resistant hypertension, with core markets across North America and Europe, serving patients unresponsive to conventional drug treatments.

Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.

CVRX vs TECTP — Head-to-Head

Bigger by revenue
TECTP
TECTP
1.4× larger
TECTP
$23.0M
$16.0M
CVRX
Growing faster (revenue YoY)
TECTP
TECTP
+13.4% gap
TECTP
17.9%
4.4%
CVRX
Higher net margin
TECTP
TECTP
98.3% more per $
TECTP
23.8%
-74.5%
CVRX
More free cash flow
CVRX
CVRX
$7.4M more FCF
CVRX
$-9.8M
$-17.3M
TECTP
Faster 2-yr revenue CAGR
TECTP
TECTP
Annualised
TECTP
270.5%
22.0%
CVRX

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CVRX
CVRX
TECTP
TECTP
Revenue
$16.0M
$23.0M
Net Profit
$-11.9M
$5.5M
Gross Margin
86.3%
Operating Margin
-69.8%
30.6%
Net Margin
-74.5%
23.8%
Revenue YoY
4.4%
17.9%
Net Profit YoY
-12.0%
15.9%
EPS (diluted)
$-0.45
$0.73

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CVRX
CVRX
TECTP
TECTP
Q4 25
$16.0M
Q3 25
$14.7M
$23.0M
Q2 25
$13.6M
$21.6M
Q1 25
$12.3M
$21.8M
Q4 24
$15.3M
$21.4M
Q3 24
$13.4M
$19.5M
Q2 24
$11.8M
$18.6M
Q1 24
$10.8M
$17.6M
Net Profit
CVRX
CVRX
TECTP
TECTP
Q4 25
$-11.9M
Q3 25
$-12.9M
$5.5M
Q2 25
$-14.7M
$4.3M
Q1 25
$-13.8M
$4.5M
Q4 24
$-10.7M
$3.0M
Q3 24
$-13.1M
$4.7M
Q2 24
$-14.0M
$3.1M
Q1 24
$-22.2M
$3.1M
Gross Margin
CVRX
CVRX
TECTP
TECTP
Q4 25
86.3%
Q3 25
86.8%
Q2 25
84.3%
Q1 25
83.5%
Q4 24
83.2%
Q3 24
83.2%
Q2 24
83.9%
Q1 24
85.0%
Operating Margin
CVRX
CVRX
TECTP
TECTP
Q4 25
-69.8%
Q3 25
-83.5%
30.6%
Q2 25
-105.8%
25.9%
Q1 25
-108.8%
26.0%
Q4 24
-67.0%
22.1%
Q3 24
-97.3%
29.1%
Q2 24
-118.3%
21.5%
Q1 24
-206.4%
22.2%
Net Margin
CVRX
CVRX
TECTP
TECTP
Q4 25
-74.5%
Q3 25
-87.6%
23.8%
Q2 25
-108.4%
19.8%
Q1 25
-111.5%
20.4%
Q4 24
-69.4%
14.0%
Q3 24
-98.0%
24.2%
Q2 24
-118.8%
16.9%
Q1 24
-206.0%
17.4%
EPS (diluted)
CVRX
CVRX
TECTP
TECTP
Q4 25
$-0.45
Q3 25
$-0.49
$0.73
Q2 25
$-0.57
$0.55
Q1 25
$-0.53
$0.57
Q4 24
$-0.39
$0.35
Q3 24
$-0.57
$0.58
Q2 24
$-0.65
$0.38
Q1 24
$-1.04
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVRX
CVRX
TECTP
TECTP
Cash + ST InvestmentsLiquidity on hand
$75.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.3M
$119.2M
Total Assets
$104.8M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVRX
CVRX
TECTP
TECTP
Q4 25
$75.7M
Q3 25
$85.1M
Q2 25
$95.0M
Q1 25
$102.7M
Q4 24
$105.9M
Q3 24
$100.2M
Q2 24
$70.4M
Q1 24
$80.1M
Stockholders' Equity
CVRX
CVRX
TECTP
TECTP
Q4 25
$39.3M
Q3 25
$48.1M
$119.2M
Q2 25
$57.9M
$114.6M
Q1 25
$71.1M
$111.3M
Q4 24
$71.1M
$113.4M
Q3 24
$65.2M
$112.8M
Q2 24
$55.2M
$110.4M
Q1 24
$66.3M
$108.5M
Total Assets
CVRX
CVRX
TECTP
TECTP
Q4 25
$104.8M
Q3 25
$111.3M
$1.1B
Q2 25
$119.6M
$997.0M
Q1 25
$129.6M
$910.5M
Q4 24
$133.4M
$863.4M
Q3 24
$127.7M
$847.5M
Q2 24
$96.0M
$777.1M
Q1 24
$106.2M
$777.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVRX
CVRX
TECTP
TECTP
Operating Cash FlowLast quarter
$-9.8M
$-17.3M
Free Cash FlowOCF − Capex
$-9.8M
$-17.3M
FCF MarginFCF / Revenue
-61.3%
-74.9%
Capex IntensityCapex / Revenue
0.4%
0.0%
Cash ConversionOCF / Net Profit
-3.14×
TTM Free Cash FlowTrailing 4 quarters
$-40.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVRX
CVRX
TECTP
TECTP
Q4 25
$-9.8M
Q3 25
$-9.7M
$-17.3M
Q2 25
$-7.9M
$-32.5M
Q1 25
$-12.8M
$-35.6M
Q4 24
$-8.0M
$-86.6M
Q3 24
$-10.4M
$-22.5M
Q2 24
$-9.8M
$-30.7M
Q1 24
$-10.9M
$-3.2M
Free Cash Flow
CVRX
CVRX
TECTP
TECTP
Q4 25
$-9.8M
Q3 25
$-10.0M
$-17.3M
Q2 25
$-8.0M
Q1 25
$-12.9M
$-35.6M
Q4 24
$-8.1M
$-86.8M
Q3 24
$-10.4M
$-22.5M
Q2 24
$-10.2M
$-30.7M
Q1 24
$-11.8M
$-3.3M
FCF Margin
CVRX
CVRX
TECTP
TECTP
Q4 25
-61.3%
Q3 25
-68.1%
-74.9%
Q2 25
-59.2%
Q1 25
-104.3%
-163.2%
Q4 24
-52.5%
-406.5%
Q3 24
-78.1%
-115.0%
Q2 24
-86.3%
-165.5%
Q1 24
-109.7%
-18.8%
Capex Intensity
CVRX
CVRX
TECTP
TECTP
Q4 25
0.4%
Q3 25
2.0%
0.0%
Q2 25
0.8%
0.0%
Q1 25
0.9%
0.0%
Q4 24
0.3%
1.0%
Q3 24
0.3%
0.1%
Q2 24
3.0%
0.3%
Q1 24
8.5%
0.9%
Cash Conversion
CVRX
CVRX
TECTP
TECTP
Q4 25
Q3 25
-3.14×
Q2 25
-7.61×
Q1 25
-8.00×
Q4 24
-28.99×
Q3 24
-4.74×
Q2 24
-9.76×
Q1 24
-1.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CVRX
CVRX

US$14.9M93%
Other$1.1M7%

TECTP
TECTP

Segment breakdown not available.

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