NYXH · NASDAQ · Medical - Specialties

Nyxoah

Commercializes a leadless, battery-free therapy for obstructive sleep apnea.

$1.59
After-hours close−0.01 (−0.90%)
At close$1.61(+2.23%)
Loading prices…

Profile

Nyxoah S.A.NYXHHealth Care

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

CEOOlivier Taelman
ListedJul 2, 2021
ExchangeNASDAQ
HeadquartersMont-Saint-Guibert, Belgium
CountryBelgium
Employees184
CIK0001857190
ISINBE0974358906

Key statistics

Market cap$160.1M
EPS (ttm)−$2.51
P/E (ttm)−0.6364
ROE-179.7%
P/B0.9473
P/S6.10
Dividend yield
Beta2.21vs XLV 0.02

Year to date −64.3% · Average volume (30d) 121.1K

Analysts

Price target, next 12 months$3.50+118.8%Median of 5 analysts · vs the Aug 28 close
ConsensusBuy4 of 5 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Aug 6, 2026Robert W. BairdTarget$2.85$2.31
Aug 6, 2026OppenheimerTarget$15$4
Jul 9, 2026Robert W. BairdTarget$2.85
Jun 17, 2026Stifel NicolausTarget$5$3
May 13, 2026Piper SandlerReiterateOverweight$9$7

Earnings

EPS

Estimate−$0.38
ReportedDue Nov 5, 2026

Revenue

Estimate$11.6M
ReportedDue Nov 5, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 margin61.8%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

Germany$5.2M · 49%
United States$4.2M · 40%
United ARAB Emirates$652.3K · 6%
Switzerland$362.7K · 3%
Netherlands$151.8K · 1%
Italy$32.4K · 0%
Austria$19.7K · 0%
Spain$16.2K · 0%

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

Institutions 22.10%Insiders

Shares outstanding 100.07M · Float 58.04M · 58.0% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Aigh Capital Management LLC14.53M14.52%13FAug 7, 2026
Orin Hirschman14.53M14.50%13GJun 22, 2026
Cochlear Limited5.85M5.91%13DJun 11, 2026
CVI Investments, Inc.4.68M9.90%13GDec 29, 2025
BNP Paribas Asset Management Holding S.A.962.5K0.96%13FAug 13, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

Peers

  • 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

CompanyPriceChange
Nyxoah$1.59−0.90%$160.1M6.1+455.6%
Inspire Medical Systems$61.44−0.11%$1.78B13.347.32.0−7.6%
LivaNova$80.32−0.02%$4.41B23.718.23.0+10.8%
ResMed$240.33+0.01%$34.86B23.119.86.2+8.6%
Five Point$5.11−0.10%$363.3M14.73.1+86.0%
Median18.919.83.1+9.7%