Myomo Q4 Earnings Report Analysis
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 09 2026
0mins
Should l Buy MYO?
Source: seekingalpha
- Disappointing Earnings: Myomo reported a Q4 non-GAAP EPS of -$0.37, missing expectations by $0.28, indicating ongoing challenges in profitability that could negatively impact investor confidence.
- Slight Revenue Decline: The company's Q4 revenue of $11.4 million represents a 5.6% year-over-year decline, although it beat expectations by $1 million, the revenue drop reflects weak market demand, potentially affecting future growth prospects.
- Deteriorating Adjusted EBITDA: The adjusted EBITDA for Q4 2025 was -$1.9 million, a significant decline from $0.2 million in Q4 2024, with a full-year adjusted EBITDA of -$11.5 million compared to -$5.1 million in 2024, indicating a decrease in operational efficiency.
- Tight Cash Flow Situation: As of December 31, 2025, the company had $18.4 million in cash and cash equivalents, with Q4 operating cash flow at -$1.1 million, a sharp decline from $3.4 million generated in Q4 2024, highlighting liquidity pressures faced by the company.
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Analyst Views on MYO
Wall Street analysts forecast MYO stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.872
Low
4.00
Averages
5.75
High
10.00
Current: 0.872
Low
4.00
Averages
5.75
High
10.00
About MYO
Myomo, Inc. is a wearable medical robotics company that offers improved arm and hand function for those suffering from neurological disorders and upper-limb paralysis. The Company develops and markets the MyoPro product line, which is a myoelectric-controlled upper limb brace, or orthosis. MyoPro is a powered upper-limb orthosis designed to support the arm and restore function to the weakened or paralyzed arms of certain patients suffering from CVA stroke, brachial plexus injury, traumatic brain or spinal cord injury or other neuromuscular disease or injury. MyoPro senses a patient’s own electromyography (EMG) signals through non-invasive sensors on the arm and can restore an individual’s ability to perform activities of daily living, including feeding themselves, carrying objects and doing household tasks. MyoPro’s control technology utilizes an advanced human-machine interface based on non-invasive, patented electromyography, or EMG, control technology.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Medicare Policy Breakthrough: Myomo's MyoPro has gained reimbursement under a new Medicare Part B benefit category by CMS, opening access to tens of millions of Medicare beneficiaries and removing the largest historical barrier to adoption, thereby laying the groundwork for future growth.
- Revenue Growth Momentum: The company reported $10.1 million in revenue for Q1 2026, reflecting a year-over-year increase, with revenue from recurring patient sources rising from 25% to 49%, showcasing success in reducing customer acquisition costs and diversifying revenue streams.
- International Market Expansion: International revenue increased by 53% year-over-year, while the U.S. O&P channel grew by 79%, indicating enhanced penetration in global markets, particularly through collaboration with Ottobock, which further boosts brand influence and market share.
- Technological Innovation and Cost Control: The newly launched mobile app reduces MyoPro material costs by approximately 10% per user while enhancing user experience, indicating that the company's ongoing investment in technological innovation will help improve operational efficiency and profitability.
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- Earnings Highlights: Myomo reported a Q1 GAAP EPS of -$0.07, beating expectations by $0.04, with revenue of $10.1 million reflecting a 3.1% year-over-year growth, indicating solid market performance.
- Price Increase: The average selling price (ASP) rose to approximately $58,800, up 9% year-over-year, which, despite a slight decrease in revenue units, demonstrates an increase in product value and revenue generation.
- Customer Growth: The company added 723 patients in Q1, a 7% sequential increase, with the cost per pipeline addition at $2,550, down 16% sequentially, showcasing improved efficiency in customer acquisition.
- Future Outlook: Myomo expects Q2 revenue to range between $10.3 million and $10.8 million, reaffirming full-year revenue guidance of $43 million to $46 million, reflecting strong confidence in future growth.
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- Significant Revenue Growth: Myomo reported $11.4 million in revenue for Q4 2025, reflecting a 26% increase over 2024, with full-year revenue reaching $40.9 million, showcasing the company's success in direct-to-patient marketing and recurring revenue sources.
- Record Orders: The company received 241 MyoPro orders in the quarter, a 5% increase from Q3, indicating not only rising product demand but also successful penetration in the O&P channel and international markets.
- Strategic Partnership Expansion: The new multistate agreement with Elevance Health covers 45 million lives, marking a significant advancement in payer contracts that is expected to support future revenue growth.
- Cautious Future Outlook: Management expects Q1 2026 revenue in the range of $9 million to $9.5 million and sets a full-year target of $43 million to $46 million, reflecting a cautious stance towards market uncertainties while planning to improve gross margins through controlled operating expenses.
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- Disappointing Earnings: Myomo reported a Q4 non-GAAP EPS of -$0.37, missing expectations by $0.28, indicating ongoing challenges in profitability that could negatively impact investor confidence.
- Slight Revenue Decline: The company's Q4 revenue of $11.4 million represents a 5.6% year-over-year decline, although it beat expectations by $1 million, the revenue drop reflects weak market demand, potentially affecting future growth prospects.
- Deteriorating Adjusted EBITDA: The adjusted EBITDA for Q4 2025 was -$1.9 million, a significant decline from $0.2 million in Q4 2024, with a full-year adjusted EBITDA of -$11.5 million compared to -$5.1 million in 2024, indicating a decrease in operational efficiency.
- Tight Cash Flow Situation: As of December 31, 2025, the company had $18.4 million in cash and cash equivalents, with Q4 operating cash flow at -$1.1 million, a sharp decline from $3.4 million generated in Q4 2024, highlighting liquidity pressures faced by the company.
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- Earnings Announcement Schedule: Myomo is set to release its Q4 earnings on March 9 after market close, with a consensus EPS estimate of -$0.09, reflecting an alarming 800% year-over-year decline, indicating significant profitability challenges for the company.
- Revenue Decline Forecast: Analysts predict Myomo's Q4 revenue will be $10.4 million, down 13.8% year-over-year, highlighting the company's struggles in a competitive market and sluggish sales growth.
- Historical Performance Review: Over the past year, Myomo has beaten EPS estimates 75% of the time and revenue estimates 100% of the time, demonstrating stability in profitability and revenue despite current downward pressures.
- Market Reaction Anticipation: Given the current earnings expectations and historical performance, investors may adopt a cautious stance towards the upcoming earnings report, particularly as the company faces simultaneous declines in both profitability and revenue.
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- Governance Change Signal: Horton Capital Partners recently filed a Schedule 13D for Myomo, Inc., indicating it has crossed the 5% ownership threshold and aims to push for governance changes by eliminating the classified board structure for annual elections, which could enhance management accountability and potentially shift the company's strategic direction.
- Market Potential: Myomo focuses on wearable robotic devices primarily serving patients with neuromuscular disorders like stroke-related paralysis; despite uneven revenue growth, its technology addresses a growing clinical need, and governance changes may attract more investor interest.
- Early Stage Activism: Lakeland Industries has seen an 8.38% stake acquired by Global Value Investment Corporation, signaling intent to engage in governance and strategic discussions, which could drive value enhancement in the protective apparel market.
- Microcap Activism: Chicago Rivet & Machine Co. has 6.45% of its shares acquired by Galloway and others, indicating belief in the company's undervaluation, which may prompt management to reassess strategy and alter the company's future trajectory.
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