NYXH · NASDAQ · Medical - Specialties

Nyxoah (NYXH)

Commercializes a leadless, battery-free therapy for obstructive sleep apnea.

$1.40
After-hours close0.00 (0.00%)
At close$1.40(−5.41%)
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Nyxoah S.A.NYXH
Health Care

Commercializes Genio, a leadless, battery-free hypoglossal-neurostimulation therapy for obstructive sleep apnea. Its single-product business moved from European sales to early U.S. commercialization after FDA approval.

Commercializes Genio, a leadless, battery-free hypoglossal-neurostimulation therapy for obstructive sleep apnea. The system is designed as a single-incision, patient-centered therapy and is the company’s core product, rather than part of a broad device portfolio.

European commercialization followed CE Mark certification, with first German sales preceding the U.S. launch. FDA approval for a subset of adults with moderate-to-severe OSA enabled U.S. commercial activity, while the ordinary shares remain listed in both Brussels and on Nasdaq. The business is therefore shaped by Genio’s regulatory status and the execution of an early U.S. commercialization effort.

Company facts

CEOOlivier Taelman
ListedJul 2, 2021
ExchangeNASDAQ
HeadquartersMont-Saint-Guibert, Belgium
CountryBelgium
Employees184
CIK0001857190
ISINBE0974358906

Market cap$148.1M
EPS (ttm)−$2.49
P/E (ttm)−0.5949
ROE-179.7%
P/B1.55
P/S5.70
Dividend yieldDiv yield
Beta2.31vs XLV 0.02

Price target$3.50+150.0%Average of 5 analysts
ConsensusBuy4 of 5 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 6, 2026Robert W. BairdTarget
Target: $2.85
Target: $2.31
Aug 6, 2026OppenheimerTarget
Target: $15
Target: $4
Jul 9, 2026Robert W. BairdTarget
Target:
Target: $2.85
Jun 17, 2026Stifel NicolausTarget
Target: $5
Target: $3
May 13, 2026Piper SandlerReiterate
Rating: Target: $9
Rating: OverweightTarget: $7

Next report
Nov 5, 26
in 44 days
EPS estimate
−$0.35
Revenue estimate
$11.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported−$0.49−$0.63−$0.63−$0.74−$0.68−$0.43−$0.67Pending
Estimate−$0.46−$0.49−$0.62−$0.61−$0.65−$0.54−$0.47−$0.35
Surprise−6.5%−28.6%−1.6%−21.3%−4.6%+20.4%−42.6%

RevenueReportedEstimate

Mar '25May '25Aug '25Nov '25Mar '26May '26Aug '26Nov '26
Reported$1.3M$1.2M$1.6M$2.3M$6.6M$7.4M$8.8MPending
Estimate$2.4M$1.5M$2.7M$5.7M$5.6M$7.0M$8.6M$11.4M
Surprise−44.6%−20.5%−40.7%−59.4%+19.3%+4.4%+1.5%
Estimate−$0.35
ReportedDue Nov 5, 2026
Estimate$11.4M
ReportedDue Nov 5, 2026
View details

Debt to equity63.30%
Current ratio238.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$1.4M$1.4M$1.2M$1.5M$2.3M$6.5M$8.4M$8.8M
Net income−$19.5M−$19.6M−$25.6M−$23.6M−$27.0M−$26.9M−$21.1M−$37.7M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$17.2M−$21.0M−$23.6M−$22.7M−$27.7M−$20.9M−$27.2M−$23.6M
YoY growthLoss widenedLoss widenedLoss widenedLoss widenedLoss widenedLoss narrowedLoss widenedLoss widened

Balance sheet, Jun 30, 2026Cash & short-term investments $112.0M · Total debt $60.2M · Total assets $192.9M · Shareholders' equity $95.2M

Revenue
$8.8M
Operating income
−$23.6M
Net income
−$37.7M

Reported in EUR, converted at the latest exchange rate

View details

No dividends on record.

Institutions22.10%22.12M shares
45 holders · as of Jun 30, 2026
Other77.90%77.96M shares
remainder

100.07M company shares as of Sep 13, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Aigh Capital Management LLCInstitution
14.52%14.53Mas of Jun 30, 2026
BNP Paribas Asset Management Holding S.A.Institution
0.96%962,524as of Jun 30, 2026
Blackstone Inc.Institution
0.92%921,500as of Jun 30, 2026
Axxion S.A.Institution
0.90%904,895as of Jun 30, 2026
Vestal Point Capital, LPInstitution
0.84%843,461as of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

  • Inspire Medical Systems

    Implantable hypoglossal stimulation for moderate-to-severe OSA

  • LivaNova

    FDA-approved proximal hypoglossal stimulation for moderate-to-severe OSA

  • ResMed

    PAP therapy for OSA across sleep and breathing health

  • Five Point

    OSA masks and CPAP systems in home respiratory care

CompareAfter-hours close

CompanyPriceChange
Nyxoah$1.400.00%$148.1M5.7+455.6%
Inspire Medical Systems$71.87+0.87%$2.19B16.454.82.4−7.6%
LivaNova$78.49+0.08%$4.29B23.117.82.9+10.8%
ResMed$221.970.00%$32.44B21.518.25.7+8.6%
Five Point$4.92−0.40%$349.8M14.13.0+157.8%
Median18.918.23.0+9.7%