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NYXHNyxoah S.A.
$1.77$66M
Overview & Verdict
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NYXH logoNyxoah S.A.(NYXH)Earnings, Financials & Key Ratios

NYXH•NASDAQ
$1.77
Price updated Jul 6, 2026
SectorHealthcareIndustryMedical InstrumentsSub-IndustryPatient monitoring and respiratory care
AboutNyxoah S.A., a medical technology company, focuses on the development and commercialization of solutions to treat sleep disordered breathing conditions. It offers Genio system, a CE-Marked, patient-centric, and hypoglossal neurostimulation therapy to treat moderate to severe obstructive sleep apnea. The company was incorporated in 2009 and is headquartered in Mont-Saint-Guibert, Belgium.Show more
  • Revenue$10M+121.6%
  • EBITDA-$78M-35.2%
  • Net Income-$90M-52.1%
  • EPS (Diluted)-2.37-30.9%
  • Gross Margin63.13%-3.9%
  • EBITDA Margin-783.01%+39.0%
  • Operating Margin-827.76%+36.4%
  • Net Margin-899.05%+31.4%
  • ROE-110.97%-97.9%

NYXH Price & Volume

Nyxoah S.A. (NYXH) stock price & volume — 10-year historical chart

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Persistent Operating Losses Threaten Capital Structure Stability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Capital runway and dilution

Key Thesis Takeaways

  • Nyxoah faces a precarious financial outlook as it navigates the high-cost, pre-commercialization phase of its Genio system.
  • While the company attempts to scale, the lack of consistent revenue growth and a deeply negative operating margin of -3.2% in 2026Q1 highlight significant execution risks.
  • Investors should remain cautious as the company's reliance on debt financing, which has pushed the debt-to-equity ratio to 1.01, suggests that further dilutive capital raises may be required to sustain operations.

Verdict Logic

the company's inability to achieve operational profitability, evidenced by a $23.7 million operating loss in 2026Q1, combined with a precarious current ratio of 0.99, presents an unfavorable risk-reward profile for investors.

NYXH Growth Metrics

Nyxoah S.A. (NYXH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years170.65%
3 Years48.11%
TTM273.92%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-23.53%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-7.54%

Return on Capital

10 Years-50.74%
5 Years-41.19%
3 Years-55.18%
Last Year-80.38%

NYXH Recent Earnings

Nyxoah S.A. (NYXH) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 12, 2026
Metric
Actual
Est
EPS
$0.43+20.4%
$0.54
Rev
$7M+4.4%
$7M
Q2 2026
Mar 19, 2026
Metric
Actual
Est
EPS
$0.68-4.6%
$0.65
Rev
$7M+23.1%
$5M
Q4 2025
Nov 13, 2025
Metric
Actual
Est
EPS
$0.74-21.3%
$0.61
Rev
$2M-59.4%
$6M
Q3 2025
Aug 18, 2025
Metric
Actual
Est
EPS
$0.63-1.6%
$0.62
Rev
$2M-40.7%
$3M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 12, 2026
$0.43vs $0.54+20.4%
$7Mvs $7M+4.4%
Q2 2026Mar 19, 2026
$0.68vs $0.65-4.6%
$7Mvs $5M+23.1%
Q4 2025Nov 13, 2025
$0.74vs $0.61-21.3%
$2Mvs $6M-59.4%
Q3 2025Aug 18, 2025
$0.63vs $0.62-1.6%
$2Mvs $3M-40.7%
Based on last 12 quarters of dataView full earnings history →

Latest NYXH News

Recent stock market news and headlines for Nyxoah S.A. (NYXH)

GlobeNewsWire·Jun 30, 2026
Information on the total number of voting rights and shares

REGULATED INFORMATION Information on the total number of voting rights and shares Mont-Saint-Guibert (Belgium), June 30, 2026 , 10:30 pm CET / 4:30 pm ET – In accordance with article 15 of the Law of May 2, 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels and Nasdaq: NYXH) publishes the below information following the issuance of 146,531 new shares on June 30, 2026 following the exercise of so-called “restricted share units”. Share capital: EUR 7,075,152.31 Total number of securities carrying voting rights: 100,072,815 (all ordinary shares) Total number of voting rights (= denominator): 100,072,815 (all relating to ordinary shares) Number of rights to subscribe to securities carrying voting rights not yet issued: 3,731,884 (all granted subscription rights; this number excludes 36,125 subscription rights that were issued but not yet granted) Total number of convertible bonds: 225 convertible bonds with a nominal value of EUR 83,000 per bond Total number of voting rights that can be obtained in case of conversion of all 225 convertible bonds at the current (revised) conversion price of EUR 1.48 per share: 12,618,243 (this number does not take into account the conversion of interest) * * * Contact: Nyxoah John Landry, [email protected] Attachment 2026 06 30 - Press release - Number of shares (ENG)

GlobeNewsWire·Jun 29, 2026
Publication relating to transparency notifications

REGULATED INFORMATION Publication relating to transparency notifications Mont-Saint-Guibert (Belgium), June 29, 2026 , 10:30 pm CET / 4:30 pm ET – In accordance with article 14 of the Law of May 2, 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) announces that it received transparency notifications as detailed below. Orin Hirchman On June 24, 2026, Nyxoah received a transparency notification from Orin Hirchman following an acquisition of voting securities by entities controlled by Orin Hirchman.

GlobeNewsWire·Jun 23, 2026
Nyxoah to Host Investor Day in New York on July 8, 2026

Nyxoah to Host Investor Day in New York on July 8, 2026 Leadership team and Board will discuss the U.S. commercial execution, growth strategy and key priorities Mont-Saint-Guibert, Belgium – June 23, 2026, 10:05 pm CET / 4:05 pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on developing innovative solutions for Obstructive Sleep Apnea (OSA), today announced that it will host an Investor and Analyst Day on Wednesday, July 8, 2026, in New York. The event will be held at the offices of Bank of America and will run from 10:00 AM to 12:30 PM ET (16:00 to 18:30 CET).

Globe News Wire·Jun 19, 2026
Invitation à assister à l'assemblée générale extraordinaire des actionnaires de la Société qui se tiendra le 9 juillet 2026

INFORMATIONS RÉGLEMENTÉESLe 19 juin 2026, 22:30h CET / 16:30h ET NYXOAH SA(Euronext Brussels/Nasdaq: NYXH)Rue Edouard Belin 12, 1435 Mont-Saint-Guibert, Belgique(ci-après la « Société ») Invitation à assister à l'assemblée générale extraordinaire des actionnaires de la Société qui se tiendra le 9 juillet 2026 Le conseil d'administration de la Société a le plaisir d'inviter ses détenteurs de titres à assister à l'assemblée générale extraordinaire des actionnaires de la Société qui se tiendra le jeudi 9 juillet 2026 à 14 heures CET au siège de la Société, ou à tout autre endroit qui sera indiqué avant ce moment-là.

GlobeNewsWire·Jun 19, 2026
Invitation to attend the extraordinary shareholders' meeting of the Company to be held on July 9, 2026

REGULATED INFORMATION June 19, 2026, 10:30pm CET / 4:30pm ET NYXOAH SA (Euronext Brussels/Nasdaq: NYXH) Rue Edouard Belin 12, 1435 Mont-Saint-Guibert, Belgium(hereinafter the “Company”) Invitation to attend the extraordinary shareholders' meeting of the Company to be held on July 9, 2026 The board of directors of the Company is pleased to invite its securities holders to attend the extraordinary shareholders' meeting of the Company, to be held on Thursday, July 9, 2026 at 2:00 p.m. CET at the Company's seat, or at such other place as will be indicated prior to such time.

Peers Comparison

Key metrics vs top competitors for Nyxoah S.A. (NYXH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NYXH logoNYXHNyxoah S.A.Current
$1.77$66.1M-0.65121.63%-899.05%-110.97%—
INSP logoINSPInspire Medical Systems, Inc.
$49.45$1.42B10.1113.6%14.33%17.98%—
LIVN logoLIVNLivaNova PLC
$84.03$4.62B-18.8810.74%7.47%9.13%—
AVAV logoAVAVAeroVironment, Inc.
$176.84$8.95B-32.75140.89%-13.41%-6.05%—
NVCR logoNVCRNovoCure Limited
$17.32$1.97B-14.208.28%-25.66%-50.82%—
ELMD logoELMDElectromed, Inc.
$46.31$383.45M53.8516.97%14.08%22.14%—

Compare NYXH vs Peers

Nyxoah S.A. (NYXH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs INSP

Most directly comparable listed peer for NYXH.

Scale Benchmark

vs ABT

Larger-name benchmark to compare NYXH against a more recognizable public peer.

Peer Set

Compare Top 5

vs INSP, LIVN, AVAV, NVCR

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NYXH Frequently Asked Questions

Nyxoah S.A. (NYXH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Nyxoah S.A.'s revenue?

Nyxoah S.A. (NYXH) reported $16.3M in revenue for fiscal year 2025.

How fast is Nyxoah S.A. growing?

Nyxoah S.A. (NYXH) grew revenue by 121.6% over the past year. This is strong growth.

Is NYXH profitable?

Nyxoah S.A. (NYXH) reported a net loss of $86.1M for fiscal year 2025.

Dividend & Returns
What is NYXH's return on equity?

Nyxoah S.A. (NYXH) has a return on equity (ROE) of -111.0%. Negative ROE indicates the company is unprofitable.

What is Nyxoah S.A.'s free cash flow?

Nyxoah S.A. (NYXH) had negative free cash flow of $73.3M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in NYXH back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →