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    Envoy Medical, Inc.

    Company overview

    Market capitalization
    $53.43M
    Employees
    43
    Latest publication
    2026-09-29
    About Envoy Medical, Inc.

    Envoy Medical, Inc., a hearing health company, provides medical technologies across the hearing loss spectrum. The company's medical technologies are designed to shift the paradigm within the hearing industry and bring providers and patients the hearing devices desire. It offers personal sound amplification devices; hearing aids; Esteem fully implanted active middle ear implants; auditory osseointegrated implants; and Acclaim cochlear implants. The company was formerly known as Envoy Medical Corporation and changed its name to Envoy Medical, Inc. in September 2023. Envoy Medical, Inc. was founded in 1995 and is headquartered in White Bear Lake, Minnesota.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Revenue39,000USD75,000USD42,000USD78,000USD46,000USD42,000USD56,000USD68,000USD
    Cost Of Revenue313,000USD211,000USD203,000USD234,000USD226,000USD157,000USD187,000USD245,000USD
    Gross Profit-274,000USD-136,000USD-161,000USD-156,000USD-180,000USD-115,000USD-131,000USD-177,000USD
    Research Development3,642,000USD4,553,000USD2,700,000USD2,485,000USD2,748,000USD2,471,000USD2,757,000USD2,591,000USD
    Selling General Administrative1,879,000USD1,600,000USD2,442,000USD2,068,000USD1,821,000USD1,420,000USD1,692,000USD1,595,000USD
    Selling And Marketing Expenses164,000USD96,000USD405,000USD361,000USD358,000USD518,000USD394,000USD497,000USD
    Total Operating Expenses5,685,000USD6,249,000USD5,547,000USD4,914,000USD4,927,000USD4,409,000USD4,843,000USD4,683,000USD
    Operating Income-5,959,000USD-6,385,000USD-5,708,000USD-5,070,000USD-5,107,000USD-4,524,000USD-4,974,000USD-4,860,000USD
    Interest Expense0USD2,238,000USD471,000USD624,000USD495,000USD384,000USD264,000USD132,000USD
    Net Interest Income0USD0USD-471,000USD-624,000USD-495,000USD-384,000USD-264,000USD-132,000USD
    Income Before Tax-4,351,000USD-6,586,000USD-6,482,000USD-5,690,000USD-4,998,000USD-4,618,000USD-5,960,000USD-3,947,000USD
    Net Income-4,351,000USD-6,586,000USD-6,482,000USD-5,690,000USD-4,998,000USD-4,618,000USD-5,960,000USD-3,947,000USD
    Net Income From Continuing Ops-4,351,000USD-6,586,000USD-6,482,000USD-5,690,000USD-4,998,000USD-4,618,000USD-5,960,000USD-3,947,000USD
    Ebit-4,351,000USD-6,586,000USD-6,011,000USD-5,066,000USD-4,503,000USD-4,234,000USD-5,696,000USD-3,815,000USD
    Ebitda-4,278,000USD-6,506,000USD-5,935,000USD-4,981,000USD-4,442,000USD-4,186,000USD-5,647,000USD-3,773,000USD
    Depreciation And Amortization73,000USD80,000USD76,000USD85,000USD61,000USD48,000USD49,000USD42,000USD
    Reconciled Depreciation73,000USD80,000USD76,000USD85,000USD61,000USD48,000USD49,000USD42,000USD
    Total Other Income Expense Net1,608,000USD-201,000USD-774,000USD-620,000USD109,000USD-94,000USD-986,000USD913,000USD
    Income Tax Expense—————9,276USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
    Total Revenue241,000USD225,000USD316,000USD237,000USD310,000USD—
    Cost Of Revenue874,000USD742,000USD789,000USD498,000USD769,000USD—
    Gross Profit-633,000USD-517,000USD-473,000USD-261,000USD-459,000USD—
    Research Development12,486,000USD10,179,000USD8,956,000USD4,975,000USD3,939,000USD—
    Selling General Administrative7,931,000USD6,826,000USD7,264,000USD2,585,000USD2,473,000USD—
    Selling And Marketing Expenses1,220,000USD1,734,000USD1,666,000USD885,000USD——
    Total Operating Expenses21,637,000USD18,739,000USD17,886,000USD8,445,000USD6,412,000USD701USD
    Operating Income-22,270,000USD-19,256,000USD-18,359,000USD-8,706,000USD-6,871,000USD-701USD
    Interest Expense1,590,000USD816,000USD0USD———
    Net Interest Income-1,590,000USD-816,000USD0USD———
    Income Before Tax-23,756,000USD-20,795,000USD-29,922,000USD-15,923,000USD-8,675,000USD-701USD
    Net Income-23,756,000USD-20,795,000USD-29,922,000USD-15,923,000USD-8,675,000USD-701USD
    Net Income From Continuing Ops-23,756,000USD-20,795,000USD-36,504,000USD-15,923,000USD-8,675,000USD—
    Ebit-22,166,000USD-19,979,000USD-29,922,000USD-15,923,000USD-8,675,000USD-206,997USD
    Ebitda-21,864,000USD-19,806,000USD-29,789,000USD-15,848,000USD-8,604,000USD-701USD
    Depreciation And Amortization302,000USD173,000USD133,000USD75,000USD71,000USD206,297USD
    Reconciled Depreciation302,000USD173,000USD111,000USD75,000USD71,000USD—
    Total Other Income Expense Net-1,486,000USD-1,539,000USD-11,563,000USD-7,217,000USD-1,804,000USD-1USD
    Income Tax Expense———-153,000USD-166,000USD-206,297USD
    Net Income Applicable To Common Shares———-17,923,000USD-10,675,000USD—
    Other Operating Expenses—————701USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Total Assets29,822,000USD8,558,000USD8,181,000USD9,900,000USD10,385,000USD11,538,000USD9,397,000USD6,737,000USD
    Other Current Assets893,000USD960,000USD527,000USD576,000USD1,300,999USD1,375,000USD842,000USD1,466,000USD
    Total Liab19,270,000USD20,325,000USD15,712,000USD39,759,000USD34,609,000USD30,380,000USD27,926,000USD19,124,000USD
    Total Stockholder Equity10,552,000USD-11,767,000USD-7,531,000USD-29,859,000USD-24,224,000USD-18,842,000USD-18,529,000USD-12,387,000USD
    Other Current Liab10,333,000USD8,468,000USD6,139,000USD4,095,000USD5,788,000USD5,743,000USD7,092,000USD6,294,000USD
    Common Stock8,000USD3,000USD2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD
    Capital Stock8,000USD3,000USD2,000USD2,000USD2,000USD2,000USD2,000USD2,000USD
    Retained Earnings-319,097,000USD-313,396,000USD-305,659,000USD-297,912,000USD-290,970,000USD-284,734,000USD-277,529,000USD-270,189,000USD
    Cash25,251,000USD3,739,000USD3,556,000USD5,287,000USD5,312,000USD5,483,000USD4,424,000USD1,746,000USD
    Cash And Short Term Investments25,251,000USD3,739,000USD3,556,000USD5,287,000USD5,312,000USD5,483,000USD4,424,000USD1,746,000USD
    Total Current Assets27,682,000USD6,279,000USD5,757,000USD7,513,000USD8,311,999USD9,384,000USD7,136,000USD4,996,000USD
    Total Current Liabilities12,211,000USD11,562,000USD8,988,000USD8,000,000USD7,595,000USD7,538,000USD9,074,000USD8,058,000USD
    Net Debt-24,362,000USD-2,820,000USD-2,610,000USD23,546,000USD18,717,000USD14,178,000USD11,185,000USD6,842,000USD
    Short Term Debt178,000USD174,000USD168,000USD198,000USD145,000USD143,000USD225,000USD175,000USD
    Short Long Term Debt Total889,000USD919,000USD946,000USD28,833,000USD24,029,000USD19,661,000USD15,609,000USD8,588,000USD
    Net Receivables48,000USD34,000USD35,000USD63,000USD42,000USD818,000USD229,000USD202,000USD
    Inventory1,490,000USD1,546,000USD1,639,000USD1,587,000USD1,657,000USD1,708,000USD1,641,000USD1,582,000USD
    Accounts Payable1,700,000USD2,920,000USD2,681,000USD1,619,000USD1,662,000USD1,652,000USD1,757,000USD1,589,000USD
    Property Plant Equipment Net1,815,000USD1,921,000USD2,034,000USD1,964,000USD2,073,000USD2,154,000USD2,261,000USD1,741,000USD
    Property Plant Equipment Gross6,997,000USD7,030,000USD7,086,000USD6,940,000USD6,964,000USD6,984,000USD2,261,000USD1,741,000USD
    Accumulated Other Comprehensive Income-121,000USD-120,000USD-120,000USD-119,000USD-116,999USD-123,000USD-121,000USD-120,000USD
    Common Stock Shares Outstanding68,934,960shares19,599,982shares19,599,982shares19,599,982shares21,327,000shares21,327,000shares19,616,000shares19,600,000shares
    Non Current Assets Total2,140,000USD2,279,000USD2,424,000USD2,387,000USD2,073,000USD2,154,000USD2,261,000USD1,741,000USD
    Non Current Liabilities Total7,059,000USD8,763,000USD6,724,000USD31,759,000USD27,014,000USD22,842,000USD18,852,000USD11,066,000USD
    Non Current Liabilities Other1,577,000USD27,000USD2,574,000USD2,624,000USD2,662,000USD891,000USD1,923,000USD1,923,000USD
    Non Currrent Assets Other325,000USD358,000USD390,000USD423,000USD1USD——-1USD
    Net Working Capital15,471,000USD-5,283,000USD-3,231,000USD-487,000USD717,000USD1,846,000USD-1,938,000USD-3,062,000USD
    Unclassified Non Current Liabilities5,482,000USD8,736,000USD4,150,000USD1,203,000USD1,246,000USD3,235,000USD2,573,000USD1,851,000USD
    Unclassified Equity329,754,000USD301,743,000USD298,244,000USD268,168,000USD266,858,999USD266,011,000USD259,117,000USD257,918,000USD
    Long Term Debt———27,932,000USD23,106,000USD18,716,000USD14,356,000USD7,292,000USD
    Unclassified Current Liabilities———2,088,000USD————
    Other Assets———————1USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USD
    Total Assets8,558,000USD11,538,000USD8,271,000USD2,556,000USD2,624,000USD119,992USD
    Other Current Assets960,000USD1,375,000USD1,764,000USD129,000USD167,000USD—
    Total Liab20,325,000USD30,380,000USD10,047,000USD38,751,000USD47,584,000USD95,693USD
    Total Stockholder Equity-11,767,000USD-18,842,000USD-1,776,000USD-36,195,000USD-44,960,000USD24,299USD
    Other Current Liab8,468,000USD5,743,000USD5,573,000USD922,000USD654,000USD-95,693USD
    Common Stock3,000USD2,000USD2,000USD1,000USD1,392,000USD1,208USD
    Capital Stock3,000USD2,000USD2,000USD1,392,000USD1,392,000USD—
    Retained Earnings-313,396,000USD-284,734,000USD-257,255,999USD-225,985,000USD-210,062,000USD-701USD
    Cash3,739,000USD5,483,000USD4,218,000USD183,000USD1,121,000USD25,000USD
    Cash And Short Term Investments3,739,000USD5,483,000USD4,218,000USD183,000USD1,121,000USD25,000USD
    Total Current Assets6,279,000USD9,384,000USD7,456,000USD1,648,000USD2,436,000USD25,000USD
    Total Current Liabilities11,562,000USD7,538,000USD7,285,000USD2,519,000USD1,384,000USD95,693USD
    Net Debt-2,820,000USD14,178,000USD-3,656,000USD34,352,000USD22,356,000USD-25,000USD
    Short Term Debt174,000USD143,000USD158,000USD573,000USD460,000USD—
    Short Long Term Debt Total919,000USD19,661,000USD562,000USD34,535,000USD23,477,000USD—
    Net Receivables34,000USD818,000USD70,000USD41,000USD88,000USD—
    Inventory1,546,000USD1,708,000USD1,404,000USD1,295,000USD1,060,000USD—
    Accounts Payable2,920,000USD1,652,000USD1,554,000USD1,003,000USD661,000USD95,693USD
    Property Plant Equipment Net1,921,000USD2,154,000USD815,000USD908,000USD188,000USD—
    Property Plant Equipment Gross7,030,000USD6,984,000USD5,472,000USD5,437,000USD4,645,000USD—
    Accumulated Other Comprehensive Income-120,000USD-123,000USD-118,000USD-115,000USD-108,000USD—
    Common Stock Shares Outstanding19,599,982shares18,790,000shares12,553,000shares10,154,000shares10,154,000shares60,375,000shares
    Non Current Assets Total2,279,000USD2,154,000USD815,000USD908,000USD188,000USD94,992USD
    Non Current Liabilities Total8,763,000USD22,842,000USD2,762,000USD36,232,000USD46,200,000USD—
    Non Current Liabilities Other27,000USD891,000USD————
    Non Currrent Assets Other358,000USD—-1USD-430,400,924USD-425,037USD94,992USD
    Net Working Capital-5,283,000USD1,846,000USD171,000USD-871,000USD1,052,000USD—
    Unclassified Non Current Liabilities8,736,000USD3,235,000USD2,762,000USD—19,973,000USD—
    Unclassified Equity301,743,000USD266,011,000USD255,593,999USD188,512,000USD162,426,000USD—
    Long Term Debt—18,716,000USD—33,397,000USD23,477,000USD—
    Other Assets——1USD———
    Current Deferred Revenue——-158,000USD15,000USD15,000USD—
    Other Liab———2,270,000USD2,750,000USD—
    Short Long Term Debt———448,000USD——
    Net Tangible Assets———-56,168,000USD-44,960,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USDQ1 20242024-03-31 · USD
    Net Income-4,351,000USD-6,586,000USD-6,482,000USD-5,690,000USD-4,998,000USD-5,960,000USD-3,947,000USD-6,270,000USD
    Depreciation73,000USD80,000USD76,000USD85,000USD61,000USD49,000USD42,000USD34,000USD
    Stock Based Compensation44,000USD-64,000USD324,000USD146,000USD160,000USD144,000USD142,000USD123,000USD
    Other Non Cash Items-1,069,000USD807,000USD989,000USD922,000USD130,000USD1,946,000USD-1,111,000USD1,456,000USD
    Change To Account Receivables5,000USD1,000USD9,000USD2,000USD753,000USD-27,000USD19,000USD25,000USD
    Change To Inventory44,000USD125,000USD-110,000USD37,000USD74,000USD203,000USD-300,000USD-140,000USD
    Change In Working Capital-758,000USD78,000USD762,000USD77,000USD922,000USD1,158,000USD228,000USD-1,189,000USD
    Total Cash From Operating Activities-6,061,000USD-5,685,000USD-4,331,000USD-4,460,000USD-3,725,000USD-2,807,000USD-4,646,000USD-5,846,000USD
    Capital Expenditures0USD-172,000USD0USD-1,000USD-6,000USD-615,000USD-790,000USD-109,000USD
    Free Cash Flow-6,061,000USD-5,857,000USD-4,331,000USD-4,461,000USD-3,731,000USD-3,422,000USD-5,436,000USD-5,955,000USD
    Net Borrowings-208,000USD-91,000USD-267,000USD4,764,000USD4,767,000USD7,316,000USD——
    Total Cash From Financing Activities27,574,000USD6,040,000USD2,601,000USD4,438,000USD3,554,000USD6,101,000USD2,238,000USD6,683,000USD
    Dividends Paid-1,350,000USD-1,000USD0USD-607,000USD-1,213,000USD-1,833,000USD0USD—
    Issuance Of Capital Stock29,997,000USD4,184,000USD2,633,000USD281,000USD0USD0USD0USD1,683,000USD
    Change In Cash21,512,000USD183,000USD-1,731,000USD-25,000USD-171,000USD2,678,000USD-3,199,000USD727,000USD
    Begin Period Cash Flow3,739,000USD3,556,000USD5,287,000USD5,312,000USD5,483,000USD1,746,000USD4,945,000USD4,218,000USD
    End Period Cash Flow25,251,000USD3,739,000USD3,556,000USD5,287,000USD5,312,000USD4,424,000USD1,746,000USD4,945,000USD
    Other Cashflows From Financing Activities1,350,000USD-62,000USD2,601,000USD—4,767,000USD-1,399,000USD-109,000USD1,683,000USD
    Unclassified Financing Cash Flow-2,215,000USD6,087,000USD-2,366,000USD—-4,767,000USD2,017,000USD2,347,000USD3,317,000USD
    Total Cashflows From Investing Activities—-172,000USD—-1,000USD-6,000USD-615,000USD-790,000USD-109,000USD
    Sale Purchase Of Stock—107,000USD—77,000USD————
    Investments——0USD-1,000USD-6,000USD-615,000USD-790,000USD-109,000USD
    Other Cashflows From Investing Activities——————-109,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USD
    Net Income-23,756,000USD-29,922,000USD-15,923,000USD-8,675,000USD
    Depreciation302,000USD133,000USD75,000USD71,000USD
    Stock Based Compensation88,000USD1,575,000USD0USD—
    Other Non Cash Items3,326,000USD12,106,000USD7,203,000USD1,750,000USD
    Change To Account Receivables765,000USD-205,000USD47,000USD-19,000USD
    Change To Inventory126,000USD-10,000USD-194,000USD55,000USD
    Change In Working Capital1,839,000USD-983,000USD-160,000USD-82,000USD
    Total Cash From Operating Activities-18,201,000USD-17,091,000USD-8,805,000USD-6,936,000USD
    Capital Expenditures-179,000USD-153,000USD-218,000USD-125,000USD
    Free Cash Flow-18,380,000USD-17,244,000USD-9,023,000USD-7,061,000USD
    Total Cashflows From Investing Activities-179,000USD-153,000USD-218,000USD-125,000USD
    Net Borrowings9,173,000USD9,437,000USD8,000,000USD8,000,000USD
    Total Cash From Financing Activities16,633,000USD21,282,000USD8,092,000USD8,058,000USD
    Dividends Paid-1,819,000USD0USD——
    Sale Purchase Of Stock184,000USD———
    Issuance Of Capital Stock7,098,000USD11,845,000USD0USD—
    Change In Cash-1,744,000USD4,035,000USD33,155USD987,000USD
    Begin Period Cash Flow5,483,000USD183,000USD149,845USD134,000USD
    End Period Cash Flow3,739,000USD4,218,000USD183,000USD1,121,000USD
    Other Cashflows From Financing Activities-62,000USD11,736,000USD92,000USD58,000USD
    Unclassified Financing Cash Flow9,157,000USD-11,736,000USD——
    Investments—-173,000USD-218,000USD-125,000USD
    Change To Liabilities——342,000USD227,000USD
    Other Cashflows From Investing Activities———425,000,000USD
    Unclassified Investing Cash Flow———-424,875,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.