ENVOY MEDICAL, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:41:50Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Free Cash Flow | -18.38M | -18.93M | -17.24M | -9.02M | — |
| EBITDA | -21.97M | -19.08M | -18.23M | -8.63M | — |
| Working Capital | -5.28M | 1.36M | 171.00K | -871.00K | -1.82M |
| Net Debt | -2.82M | -4.54M | -1.12M | 58.82M | — |
| Gross Margin | -262.66% | -229.78% | -149.68% | -110.13% | — |
| Operating Margin | -9240.66% | -8558.22% | -5809.81% | -3673.42% | — |
| Net Margin | -9857.26% | -9242.22% | -9468.99% | -6718.57% | — |
| Return on Equity (ROE) | 195.39% | 110.37% | 1684.80% | 43.99% | 0.56% |
| Return on Assets (ROA) | -277.59% | -180.23% | -361.77% | -622.97% | -0.06% |
| Current Ratio | 0.54× | 1.18× | 1.02× | 0.65× | 0.32× |
| Debt-to-Equity | -0.08× | -0.05× | -1.75× | -1.63× | — |
| Effective Tax Rate | — | — | — | 7.24% | — |
| Cash Conversion Ratio | 0.77× | 0.86× | 0.57× | 0.55× | 12.88× |
| Accruals Ratio | -0.65× | -0.25× | -1.55× | -2.78× | 0.01× |
| SBC % of Revenue | 272.61% | 249.78% | 498.42% | 0.00% | — |
| CapEx Coverage | -101.68× | -18.32× | -111.71× | -40.39× | — |
| Free Cash Flow Per Share | $-0.79 | $-1.01 | $-1.40 | $-0.89 | — |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| P/S | 210.86× | 135.54× | 106.60× | 427.99× | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenues | 241.00K | 225.00K | 316.00K | 237.00K | — |
| Cost of Goods and Services Sold | 874.00K | 742.00K | 789.00K | 498.00K | — |
| Cost of Revenue | — | 742.00K | 789.00K | — | — |
| Research and Development Expense | 12.49M | 10.18M | 8.96M | 4.97M | — |
| Selling, General and Administrative Expense | — | — | 7.28M | 2.58M | — |
| Operating Income (Loss) | -22.27M | -19.26M | -18.36M | -8.71M | -5.20M |
| Income Tax Expense (Benefit) | — | — | — | 1.50M | — |
| Net Income (Loss) Attributable to Parent | -23.76M | -20.80M | -29.92M | -15.92M | -251.63K |
| Earnings Per Share, Basic | $-1.23 | $-1.49 | $-2.54 | $-1.57 | — |
| Weighted Average Number of Shares Outstanding, Basic | 23.26M | 18.79M | 12.30M | 10.12M | — |
| Earnings Per Share, Diluted | $-1.23 | $-1.49 | $-2.54 | $-1.57 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 23.26M | 18.79M | 12.30M | 10.12M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | — | — | 4.22M | 183.00K | 149.84K |
| Assets, Current | 6.28M | 8.90M | 7.46M | 1.65M | 863.17K |
| Assets | 8.56M | 11.54M | 8.27M | 2.56M | 426.90M |
| Liabilities, Current | 11.56M | 7.54M | 7.29M | 2.52M | 2.68M |
| Liabilities | 20.32M | 30.38M | 10.05M | 38.75M | 38.62M |
| Stockholders' Equity Attributable to Parent | -12.16M | -18.84M | -1.78M | -36.20M | -44.96M |
| Common Stock, Shares, Outstanding | — | 21.33M | 18.60M | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -18.20M | -17.95M | -17.09M | -8.80M | -3.24M |
| Payments to Acquire Property, Plant, and Equipment | 179.00K | 980.00K | 153.00K | 218.00K | — |
| Net Cash Provided by (Used in) Investing Activities | -179.00K | -980.00K | -153.00K | -218.00K | -425.00M |
| Payments of Dividends | 1.82M | 2.45M | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | 16.63M | 20.20M | 21.28M | 8.09M | 428.37M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | -5.86M | -12.52M | -8.19M | -3.73M | -4.56M |
| EBITDA | -5.89M | -6.30M | -5.63M | — | -5.05M | -4.50M |
| Working Capital | 15.47M | -5.28M | -3.23M | -487.00K | 717.00K | 1.36M |
| Net Debt | — | -2.82M | — | — | -4.38M | -4.54M |
| Gross Margin | -702.56% | -181.33% | -383.33% | -200.00% | -391.30% | -273.81% |
| Operating Margin | -15279.49% | -8513.33% | -13590.48% | -6500.00% | -11102.17% | -10830.95% |
| Net Margin | -11156.41% | -8781.33% | -15433.33% | -7294.87% | -10865.22% | -10995.24% |
| Return on Equity (ROE) | -42.82% | 54.17% | 84.61% | 19.06% | 20.63% | 24.51% |
| Return on Assets (ROA) | -14.59% | -76.96% | -79.23% | -57.47% | -48.13% | -40.02% |
| Current Ratio | 2.27× | 0.54× | 0.64× | 0.94× | 1.09× | 1.18× |
| Debt-to-Equity | — | -0.08× | — | — | -0.04× | -0.05× |
| Cash Conversion Ratio | 1.39× | 0.86× | 1.93× | 1.44× | 0.75× | 1.10× |
| Accruals Ratio | 0.06× | -0.11× | 0.74× | 0.25× | -0.12× | 0.04× |
| SBC % of Revenue | 612.82% | 238.67% | 1138.10% | 392.31% | 347.83% | 364.29% |
| CapEx Coverage | — | -33.05× | -1788.00× | -1169.29× | -620.83× | 9.53× |
| Free Cash Flow Per Share | — | $-0.25 | $-0.57 | $-0.38 | $-0.17 | $-0.24 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 39.00K | 75.00K | 42.00K | 78.00K | 46.00K | 42.00K |
| Cost of Goods and Services Sold | 313.00K | 211.00K | 203.00K | 234.00K | 226.00K | 157.00K |
| Cost of Revenue | 313.00K | — | — | — | 226.00K | — |
| Research and Development Expense | 3.64M | 4.55M | 2.70M | 2.48M | 2.75M | 2.47M |
| Operating Income (Loss) | -5.96M | -6.38M | -5.71M | -5.07M | -5.11M | -4.55M |
| Net Income (Loss) Attributable to Parent | -4.35M | -6.59M | -6.48M | -5.69M | -5.00M | -4.62M |
| Earnings Per Share, Basic | $-0.08 | $-0.26 | $-0.35 | $-0.32 | $-0.29 | $-0.40 |
| Weighted Average Number of Shares Outstanding, Basic | 68.93M | 23.26M | 21.85M | 21.38M | 21.33M | 18.79M |
| Earnings Per Share, Diluted | $-0.08 | $-0.26 | $-0.35 | $-0.32 | $-0.29 | $-0.40 |
| Weighted Average Number of Shares Outstanding, Diluted | 68.93M | 23.26M | 21.85M | 21.38M | 21.33M | 18.79M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Assets, Current | 27.68M | 6.28M | 5.76M | 7.51M | 8.31M | 8.90M |
| Assets | 29.82M | 8.56M | 8.18M | 9.90M | 10.38M | 11.54M |
| Liabilities, Current | 12.21M | 11.56M | 8.99M | 8.00M | 7.59M | 7.54M |
| Liabilities | 19.27M | 20.32M | 15.71M | 39.76M | 34.61M | 30.38M |
| Stockholders' Equity Attributable to Parent | 10.16M | -12.16M | -7.66M | -29.86M | -24.22M | -18.84M |
| Common Stock, Shares, Outstanding | — | — | — | 21.52M | 21.33M | 21.33M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -6.06M | -5.68M | -12.52M | -8.19M | -3.73M | -5.09M |
| Payments to Acquire Property, Plant, and Equipment | — | 172.00K | 7.00K | 7.00K | 6.00K | -534.00K |
| Net Cash Provided by (Used in) Investing Activities | — | -172.00K | -7.00K | -7.00K | -6.00K | 534.00K |
| Payments of Dividends | — | -1.00K | 1.82M | 1.82M | 1.21M | 614.00K |
| Net Cash Provided by (Used in) Financing Activities | 27.57M | 6.04M | 10.59M | 7.99M | 3.55M | 5.62M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (COCH CIK 0001840877),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.