Nyxoah
Commercializes a leadless, battery-free therapy for obstructive sleep apnea.
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Profile
Commercializes Genio, a leadless, battery-free hypoglossal-neurostimulation therapy for obstructive sleep apnea. Its single-product business moved from European sales to early U.S. commercialization after FDA approval.
Commercializes Genio, a leadless, battery-free hypoglossal-neurostimulation therapy for obstructive sleep apnea. The system is designed as a single-incision, patient-centered therapy and is the company’s core product, rather than part of a broad device portfolio.
European commercialization followed CE Mark certification, with first German sales preceding the U.S. launch. FDA approval for a subset of adults with moderate-to-severe OSA enabled U.S. commercial activity, while the ordinary shares remain listed in both Brussels and on Nasdaq. The business is therefore shaped by Genio’s regulatory status and the execution of an early U.S. commercialization effort.
Company facts
Categories
Key statistics
Year to date −64.3% · Average volume (30d) 121.1K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Robert W. Baird | Target | $2.85 | $2.31 | ||
| Aug 6, 2026 | Oppenheimer | Target | $15 | $4 | ||
| Jul 9, 2026 | Robert W. Baird | Target | $2.85 | |||
| Jun 17, 2026 | Stifel Nicolaus | Target | $5 | $3 | ||
| May 13, 2026 | Piper Sandler | Reiterate | Overweight | $9 | $7 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | −$0.47 | −$0.67 | −42.6% | $8.6M | $8.8M | +1.5% | −7.09% |
| May 12, 2026Q1 FY26 | −$0.54 | −$0.43 | +20.4% | $7.0M | $7.4M | +4.4% | +0.33% |
| Mar 19, 2026Q4 FY25 | −$0.65 | −$0.68 | −4.6% | $5.4M | $6.6M | +23.1% | −0.32% |
| Nov 13, 2025Q3 FY25 | −$0.61 | −$0.74 | −21.3% | $5.7M | $2.3M | −59.4% | −5.84% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.2M | $1.6M | $2.3M | $6.5M | $8.5M | $8.9M | |
| Gross profit | $762.4K | $984.9K | $1.4M | $4.2M | $2.6M | $5.3M | |
| Operating income | −$23.9M | −$23.0M | −$28.0M | −$21.2M | −$27.5M | −$23.9M | |
| Net income | −$25.9M | −$23.9M | −$27.3M | −$27.2M | −$21.3M | −$38.2M | |
| Diluted EPS | −$0.70 | −$0.64 | −$0.73 | −$0.68 | −$0.43 | −$0.67 | |
| Gross margin | 61.8% | 63.4% | 60.5% | 64.2% | 30.2% | 59.7% | |
| Operating margin | -1,939.8% | -1,481.3% | -1,226.9% | -323.5% | -322.3% | -268.2% |
Fiscal years (4-quarter sums)FY21 $988.3K · FY22 $3.6M · FY23 $5.0M · FY24 $5.2M · FY25 $11.6M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $113.3M · Total debt $60.9M · Total assets $195.2M · Shareholders' equity $96.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 100.07M · Float 58.04M · 58.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Aigh Capital Management LLC | 14.53M | 14.52% | 13F | Aug 7, 2026 |
| Orin Hirschman | 14.53M | 14.50% | 13G | Jun 22, 2026 |
| Cochlear Limited | 5.85M | 5.91% | 13D | Jun 11, 2026 |
| CVI Investments, Inc. | 4.68M | 9.90% | 13G | Dec 29, 2025 |
| BNP Paribas Asset Management Holding S.A. | 962.5K | 0.96% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Inspire Medical Systems
Implantable hypoglossal stimulation for moderate-to-severe OSA
- LivaNova
FDA-approved proximal hypoglossal stimulation for moderate-to-severe OSA
- ResMed
PAP therapy for OSA across sleep and breathing health
- Five Point
OSA masks and CPAP systems in home respiratory care
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Nyxoah | $1.59 | −0.90% | $160.1M | — | — | 6.1 | +455.6% |
| Inspire Medical Systems | $61.44 | −0.11% | $1.78B | 13.3 | 47.3 | 2.0 | −7.6% |
| LivaNova | $80.32 | −0.02% | $4.41B | 23.7 | 18.2 | 3.0 | +10.8% |
| ResMed | $240.33 | +0.01% | $34.86B | 23.1 | 19.8 | 6.2 | +8.6% |
| Five Point | $5.11 | −0.10% | $363.3M | 14.7 | — | 3.1 | +86.0% |
| Median | 18.9 | 19.8 | 3.1 | +9.7% |






