CapsoVision, Inc. (CV) AI Stock Analysis

NASDAQ: CVAI research summary: business, growth, valuation, analysts, bull and bear case.

CV AI stock analysis summary

AI Research

CapsoVision, Inc. (CV) is a medical technology company specializing in gastrointestinal endoscopic capsule imaging systems. The company generated $13.9M in trailing twelve-month revenue with a two-year revenue CAGR of 17.9% through FY2025, but it remains deeply unprofitable with a trailing net margin of -214.7%. Its balance sheet maintains $9.1M in cash and short-term investments against $687,000 in total debt as of June 30, 2026.

Market cap
$347.5M
Revenue (TTM)
$13.9M
P/E
—
1Y return
41.6%
S&P 500 16.8%
Avg. target
$9.50
45.5% vs last close

Bull case

  • Revenue demonstrated steady expansion with a 17.9% CAGR between FY2023 and FY2025, reaching $13.6M.
  • Two analysts maintain Strong Buy ratings with a mean price target of $9.50, representing 45.5% upside over the $6.53 share price.
  • The company maintains a low debt-to-equity ratio of 0.05 and holds $8.4M in net cash as of June 30, 2026.

Bear case

  • Operating cash burn remained elevated at -$22.9M in FY2025 against cash and short-term investments of $9.1M as of June 30, 2026.
  • The stock trades at an elevated valuation of 25.0x sales compared to 4.1x for the median of its US-listed Healthcare peers.
  • Gross margins deteriorated over consecutive years, declining from 56.3% in FY2023 to 52.9% in FY2025.

What CapsoVision does

CapsoVision, Inc. manufactures and markets endoscopic video imaging devices focused on internal imaging of the gastrointestinal system. Its product portfolio includes CapsoCam Plus for visualizing small bowel mucosa in adults and children aged 2 and older, CapsoCam Colon for colon visualization and polyp detection, and CapsoColon 3D in development for the large intestine. The company also provides the CapsoCloud cloud-based software-as-a-service ecosystem for video access, CapsoView data access reading devices, CapsoAccess data systems, CapsoRetrieve magnetic retrieval kits, and capsule video reading services. It sells primarily to distributor customers who resell to gastrointestinal practices, clinics, and hospitals.

Growth and profitability

Annual revenue increased from $9.8M in FY2023 to $11.8M in FY2024 and reached $13.6M in FY2025, reflecting a 17.9% two-year compound annual growth rate. Gross margin contracted across that period, moving from 56.3% in FY2023 to 54.2% in FY2024 and 52.9% in FY2025. Operating losses widened as research and development expenses increased from $9.3M in FY2023 to $18.3M in FY2025, leading to an operating margin of -188.3% and net income of -$25.3M in FY2025. For the trailing twelve months ended June 30, 2026, revenue stood at $13.9M with an operating margin of -208.1% and diluted EPS of -$0.45, while latest quarterly revenue grew 9.9% year-over-year.

CV income statement →

Balance sheet and cash flow

As of June 30, 2026, CapsoVision held $9.1M in cash and short-term investments and $687,000 in total debt, resulting in net cash of $8.4M. Shareholders' equity was $13.2M against total assets of $18.6M, yielding a current ratio of 3.35 and a debt-to-equity ratio of 0.05. In FY2025, the company used $22.9M in operating cash flow and recorded -$23.0M in free cash flow, while capital expenditures totaled $90,000.

CV balance sheet →

Valuation and performance

At a share price of $6.53, CapsoVision has a market capitalization of $347.5M and an enterprise value of $313.5M. The stock trades at a price-to-sales multiple of 25.0x and an EV-to-revenue ratio of 22.6x, compared to the median of 4.1x price-to-sales for its US-listed Healthcare peers. Over the trailing 12 months, the stock gained 41.6%, outperforming the 16.8% return of the S&P 500 (SPY), though it is down 38.9% year-to-date.

CV key metrics →

What analysts expect

Wall Street coverage includes 2 Strong Buy ratings with no Hold or Sell recommendations. The mean price target is $9.50, representing a 45.5% premium to the last closing price of $6.53. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $14.9M and EPS of -$0.56. For FY2027, 2 analysts forecast revenue of $19.8M, representing 33.3% growth, with EPS of -$0.44. Over the last 4 quarters, the company recorded 0 EPS beats, and its next earnings date is November 12, 2026.

CV forecast and price target →

Key risks and what to watch

  • Cash burn was -$23.0M in free cash flow in FY2025, which exceeds the $9.1M in cash and short-term investments held as of June 30, 2026.
  • The company recorded 0 EPS beats over the trailing 4 quarters while continuing to generate negative net margins of -214.7% TTM.
  • The stock has shown high volatility, dropping 38.9% year-to-date and trading well below its 52-week high of $15.37.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this CV AI stock analysis

This page is an AI-written research summary of CapsoVision, Inc. (CV). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CV income statement, CV balance sheet, CV key metrics, CV analyst forecast, CV chart. See the CV stock overview for the latest quote and news.

CV AI stock analysis FAQ

Does CapsoVision pay a dividend?

CapsoVision does not pay a dividend. The company generated -$23.0M in free cash flow in FY2025 and allocates capital toward operating expenses and research.

What is CapsoVision's balance sheet position?

As of June 30, 2026, CapsoVision had $9.1M in cash and short-term investments and $687,000 in total debt, leaving net cash of $8.4M and a current ratio of 3.35.

What are analysts forecasting for CapsoVision?

Analysts project FY2026 revenue of $14.9M and an EPS of -$0.56, followed by FY2027 revenue of $19.8M and an EPS of -$0.44. The mean price target is $9.50 based on 2 Strong Buy ratings.

How fast is CapsoVision growing?

CapsoVision grew revenue at a two-year CAGR of 17.9% from FY2023 to FY2025, reaching $13.6M, while year-over-year revenue grew 9.9% in the quarter ended June 30, 2026.

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