Envoy Medical, Inc.

COCH Healthcare Medical Devices

Envoy Medical, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $241,000.00, up 7.11% from fiscal 2024. In the quarter to June 2026, revenue fell 34.6%, EPS grew 78.1% and free cash flow fell 22.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

0.67 0.03 +4.69%
Market cap
$49.9M
P/E
0.0×
Fwd P/E
−2.2×
Dividend yield
—
F-score
3/9
Altman Z
−60.12
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total buys 8.17
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 6 — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 55.62%

Capital & Financial Ratios $m

Market Cap 49.89
Revenue 0.21
Net Income (23.40)
Free Cash Flow (21.71)
Net Debt (19.68)
Current Ratio 1.73 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E (2.20) (negative: loss-making)
P/S ratio 336.74 (above 10: high)
P/B ratio 21.10 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 76.69% (at or above 15%: strong)
Next Y EPS Growth 17.44% (at or above 15%: strong)
Next Y revenue growth (3.20%) (below 0%: weak)
Next 5Y EPS Growth 42.00% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 91.30%
10-year low 10-year high
EV/Sales against its own 10 years 91.67%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4 5 4 20
Receivables 0 1 0 0
Inventory 1 2 2 2
Other — — — —
7 9 6 22
2023 2024 2025 Q'26
Payables 2 2 3 2
ST’ Debt — — — —
Other 1 1 1 0
7 8 12 13

Compound Annual Growth %

10y 5y 3y
Sales — — 0.56%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Revenue $m

Mar Jun Sep Dec Year
’26 0 0 — — —
’25 0 0 0 0 0
’24 0 0 0 0 0
’23 0 0 0 0 0
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (5) — — —
’25 (4) (4) (4) (6) (18)
’24 (6) (5) (3) (5) (18)
’23 (3) (4) 1 (11) (17)
’22 (1) 0 (5) (2) (9)
’21 (1) 0 (1) (1) (3)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (6) (5) — — —
’25 (4) (4) (4) (6) (18)
’24 (6) (5) (4) (5) (19)
’23 (3) (4) 1 (11) (17)
’22 (1) 0 (5) (2) (9)
’21 (1) 0 (1) (1) (3)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.08) (0.07) — — —
’25 (0.29) (0.32) (0.35) (0.26) (1.23)
’24 (0.32) (0.27) (0.37) (0.45) (1.49)
’23 (1.31) (1.31) 0.13 0.04 (2.38)
’22 1.17 0.29 (0.13) (2.90) (1.57)
’21 (0.14) 0.03 0.52 (0.44) (0.02)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 9.61 9.66 0.75 1.08 0.64

Analyst estimates 2026–2028

Powerpack
High — — — — — 10.00 10.05 11.72 11.46 1.91
People
People Employees — — — — — 3 2 34 42 47
Revenue/emp, $m — — — — — 0.00 0.12 0.01 0.01 0.01
Income, $m
Income, $m Revenue — — — — — — 0 0 0 0
Gross margin, % — — — — — — (110.13) (149.68) (229.78) (262.66)
EBT — — — — 0 0 (16) (30) (21) (24)
EBT margin, % — — — — 0.00 0.00 (6,718.57) (9,468.99) (9,242.22) (9,857.26)
Net income — 0 — — 0 0 (16) (30) (21) (24)
Depreciation — — — — 0 0 0 1 1 1
Per share, $
Per share, $ Revenue — — — — 0.00 0.00 0.02 0.03 0.01 0.01
Earnings — — — — — (0.02) (1.57) (2.38) (1.49) (1.23)
Cash flow — — — — 0.00 (0.31) (0.87) (1.39) (0.96) (0.78)
Capex — — — — 0.00 0.00 (0.02) (0.01) (0.05) (0.01)
Free cash flow — — — — 0.00 (0.31) (0.89) (1.40) (1.01) (0.79)
Book value — — — — 0.00 (3.47) (3.58) (0.14) (1.00) (0.52)
Shares, m — — — — 60 11 10 12 19 23
Valuation, ×
Valuation, × P/E — — — — — — 0.00 0.00 0.00 0.00
P/S — — — — — — 0.00 73.54 119.42 63.70
P/B — — — — — — 0.00 0.00 0.00 0.00
EV/Sales — — — — — — 0.00 174.39 190.19 175.25
EV/FCF — — — — — — (15.46) (3.20) (2.26) (2.30)
Cash, $m
Cash, $m Operating cash flow — — — — 0 (3) (9) (17) (18) (18)
Capex — — — — 0 — 0 0 (1) 0
Free cash flow — — — — 0 (3) (9) (17) (19) (18)
Balance, $m
Balance, $m Working capital — — — — 0 (2) (1) 0 1 (5)
Total debt — — — — — — 33 — 19 —
Net debt — — — — 0 0 33 (4) 13 (4)
Shareholders’ equity — — — — 0 (37) (36) (2) (19) (12)
Returns, %
Returns, % ROA — — — — (1.17) (0.12) (7.42) (577.65) (282.43) (285.25)
ROIC — — — — 0.00 0.00 0.00 0.00 0.00 0.00
ROE — — — — 0.00 1.37 43.68 164.71 271.35 184.92
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Envoy Medical, Inc. vs peers in Medical Devices (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MYO Myomo, Inc. $51.5M — (loss-making) — (loss-making) +21.26% (above 0%: growing) n/m +80.02% (above 0%: growing) 72.13% (19.26%) Compare
COCH Envoy Medical, Inc. $49.9M — (loss-making) — (loss-making) −34.62% (below 0%: shrinking) n/m −22.44% (below 0%: shrinking) (445.10%) (10,919.61%)
MDAI Spectral AI, Inc. $49.6M — (loss-making) — (loss-making) −30.42% (below 0%: shrinking) n/m −21.86% (below 0%: shrinking) 31.58% (122.70%) Compare
TLIS Talis Biomedical Corporation $46.3M — (loss-making) — (loss-making) −94.01% (below 0%: shrinking) n/m +23.80% (above 0%: growing) 91.78% 0.00% Compare
SRTS Sensus Healthcare, Inc. $45.6M — (loss-making) — (loss-making) −68.69% (below 0%: shrinking) n/m −201.65% (below 0%: shrinking) 33.58% (138.86%) Compare
TELA TELA Bio, Inc. $45.6M — (loss-making) — (loss-making) −4.49% (below 0%: shrinking) n/m −17.72% (below 0%: shrinking) 72.77% (48.12%) Compare
SNWV Sanuwave Health Inc. $44.5M 3.0× — (loss-making) −3.13% (below 0%: shrinking) n/m +86.75% (above 0%: growing) 76.23% (2.88%) Compare
XTNT Xtant Medical Holdings, Inc. $42.5M — (loss-making) — (loss-making) −34.96% (below 0%: shrinking) n/m −881.96% (below 0%: shrinking) 57.88% (39.81%) Compare
RPID Rapid Micro Biosystems, Inc. $42.4M — (loss-making) — (loss-making) +10.91% (above 0%: growing) n/m −23.97% (below 0%: shrinking) 15.05% (152.99%) Compare
Median of peers $45.6M — — −17.45% — −19.79% 65.01% (43.96%)

All 149 Medical Devices stocks →

Envoy Medical, Inc. (COCH) key facts

  • Strength: Envoy Medical, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $241,000.00, up 7.11% from fiscal 2024.
  • Envoy Medical, Inc. (COCH) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
  • As of October 16, 2026, COCH traded at $0.67, a market capitalization of $49.9 million.
  • Return on equity was 184.9% and debt-to-equity 0.00.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is −60.12 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Envoy Medical, Inc. (COCH) Latest News

stockrow.com/COCH · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com