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Envoy Medical logo

Envoy Medical

COCH

Envoy Medical is a hearing health company that develops and manufactures fully implanted hearing technologies designed to leverage the ear's natural anatomy.

Market cap
$51.91M+56.3%
Revenue$234.0K+10.4%
Net income-$23.1M-18.4%
EPS (diluted)-$1.01+26.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (Tomorrow)
Revenue estimate$100.0K
EPS estimate-$0.09

Financials

Q1 2026

Income statement

See full
Revenue$39.0K-15.2%
Gross profit-$274.0K-52.2%
Operating income-$6.0M-16.7%
Net income-$4.4M+12.9%
EPS (diluted)-$0.08+72.4%

Balance sheet

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Cash & equivalents$25.3M+376%
Total equity$10.2M+142%
Total assets$29.8M+187%

Cash flow

See full
Operating cash flow-$6.1M-62.7%

Valuation & ratios

Valuation

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Market cap$51.04M+56.3%
P/S218.1×+73.6×

Profitability

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Gross margin-310.7%+31.6pp
Operating margin-9,881.2%+805pp
Net margin-9,875.6%+771pp

Returns & leverage

See full
Current ratio2.3×+1.2×

Competitors

By market cap

Inspire Medical Systems logo
Inspire Medical Systems
$1.4B-62.7%
Envoy Medical logo
Envoy Medical
$51.0M+53.4%

By revenue growth

Envoy Medical logo
Envoy Medical
+10.4%
Inspire Medical Systems logo
Inspire Medical Systems
+8.9%

By net margin

Inspire Medical Systems logo
Inspire Medical Systems
14.33%+6.4pp
Envoy Medical logo
Envoy Medical
-9,875.64%-667pp

Profile

Envoy Medical is a hearing health company that develops and manufactures fully implanted hearing technologies designed to leverage the ear's natural anatomy. The company's core value proposition is providing medical devices that eliminate the need for external microphones or processors, improving patient quality of life and lifestyle independence. Their primary focus is on disrupting the cochlear implant market with a breakthrough device that utilizes an implanted piezoelectric sensor to capture sound.

Competitive position

Envoy Medical is a pioneer in fully implanted hearing technology, holding the only FDA-approved fully implanted active middle ear implant and developing a first-of-its-kind fully implanted cochlear implant.

GeographiesUnited States, European Economic Area
Customer segmentsSpecialized Surgical Centers, Audiology Clinics, Hearing Loss Patients
Business modelMedical Device Manufacturing, Direct Sales
SuppliersSingle-source component suppliers, Third-party sub-assembly manufacturers, Specialized manufacturing technicians
CustomersOtologists and Neurotologists, Cochlear implant centers, Audiology teams, Medicare/Medicaid and private payors
Listed2023
Employees34.0
CEOBrent T. Lucas
FilingsSEC EDGAR

Questions, answered.

What is Envoy Medical's market cap?
Envoy Medical (COCH) has a market capitalization of $51.9M and trades on NASDAQ.
What is Envoy Medical's revenue and profitability?
Envoy Medical generated $234.0K in trailing twelve-month revenue with a net loss of $23.1M, representing a net margin of -9875.6%. Gross margin stands at -310.7%. These figures are based on the Q1 2026 filing.
Who are Envoy Medical's competitors?
Envoy Medical's key competitors include Inspire Medical Systems, Inc.. These companies compete in similar markets and product categories.
Who does Envoy Medical partner with?
Envoy Medical's notable partners include Mayo Clinic.
Where is Envoy Medical headquartered?
Envoy Medical is headquartered in United States of America and employs approximately 34 people. It has been publicly traded since 2023.