Nyxoah Reports Q1 Revenue of €6.37M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy NYXH?
Reports Q1 revenue EUR 6.37M vs. EUR 1.06M last year. "Our first quarter revenue results reflect strong execution of our U.S. launch. The 25% sequential quarterly revenue growth was driven by continued strong activity in existing sites, and high growth in new site openings. We continue to see a consistent reimbursement landscape and had a 100% approval rate on closed U.S. prior authorization submissions as of the end of Q1 2026. Reimbursement did not hinder our first quarter results," commented Olivier Taelman, Nyxoah's CEO. "Entering our third full quarter of U.S. commercialization, we remain focused on further expanding account activation, treating more patients in active accounts and maintaining operating discipline to deliver sustainable revenue growth in the U.S."
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Analyst Views on NYXH
Wall Street analysts forecast NYXH stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 2.920
Low
5.82
Averages
10.41
High
13.00
Current: 2.920
Low
5.82
Averages
10.41
High
13.00
About NYXH
Nyxoah SA is a Belgium-based company that produces medical equipment. The company focuses on the development and commercialization of solutions and services to treat sleep-disordered breathing conditions. The system consists of a neurostimulator, which is implanted close to the nerve of the tongue, as well as an activation chip, which is connected to a disposable patch and is positioned every night by the patient under the chin.
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.
Nyxoah Secures FDA Approval and Successful U.S. Launch
- FDA Approval and Market Launch: Nyxoah received FDA approval for Genio in August 2025 and successfully launched the product in the U.S. market, marking a significant advancement in the medical device sector that is expected to drive future revenue growth.
- Revenue and Training Success: By Q4 2025, Nyxoah generated $4.5 million in revenue after training 145 surgeons across 125 high-volume stimulation accounts, demonstrating its market penetration capabilities and enhancing its position in a competitive landscape.
- Global Revenue and Operating Loss: The company reported a global gross revenue of EUR 11 million for 2025, while total operating losses increased to EUR 83.5 million due to U.S. commercialization costs, reflecting the financial pressures faced during market expansion.
- Cash Flow and Market Penetration: With a quarterly cash burn rate of approximately EUR 20 million and a cash position of EUR 48 million, Nyxoah faces uncertainties regarding VAC approvals that could impact market penetration speed, necessitating close monitoring of future developments.
See More
Nyxoah (NYXH) Q4 2025 Earnings Call Transcript
See More
Nyxoah Reports Strong Q4 Earnings with 330.8% Revenue Growth
- Earnings Highlights: Nyxoah reported a GAAP EPS of -€0.57 in Q4, indicating potential improvement in financial health despite still being in the negative.
- Revenue Surge: The company achieved €5.6M in revenue for Q4, marking a remarkable 330.8% year-over-year increase, reflecting strong market demand and effective sales strategies for its products.
- Market Presence: Nyxoah's presentation at the 44th Annual J.P. Morgan Healthcare Conference garnered investor attention, indicating a rising influence in the medical device sector.
- Investor Confidence: With rapid revenue growth, market sentiment towards Nyxoah's future prospects appears optimistic, potentially attracting more investor interest in its stock performance.
See More
Nyxoah Receives Transparency Notification from Robert Taub
- Shareholding Change: According to the transparency notification dated February 26, 2026, Robert Taub and his controlled entity BMI Estate hold 4,360,800 voting rights, representing approximately 9.99% of Nyxoah's total voting rights, indicating his significant shareholder status in the company.
- Threshold Crossing: The notification indicates that Robert Taub passively crossed the 10% shareholding threshold on February 20, 2026, reflecting his potential influence on future company decisions.
- Voting Rights Structure: Of the 4,360,800 voting rights, 4,310,800 are linked to securities while 50,000 are equivalent financial instruments, showcasing the diversity of Taub's holding structure.
- Control Chain: BMI Estate is wholly owned by Robelga SRL, with Robert Taub holding 100% usufruct, which may impact corporate governance and decision-making processes.
See More
Nyxoah SA Discloses Voting Rights and Share Information
- Total Share Capital: As of February 20, 2026, Nyxoah SA's share capital stands at EUR 6,511,048.19, indicating the company's stability and potential for ongoing growth in the capital markets.
- Voting Rights Count: The company currently has 43,662,403 voting rights, all pertaining to ordinary shares, which provides shareholders with substantial participation rights and enhances the transparency of the company's governance structure.
- Unissued Subscription Rights: There are 3,416,319 subscription rights to voting securities that have not yet been issued, indicating potential future capital expansion opportunities and reflecting the company's commitment to shareholder returns.
- Convertible Bonds Information: Nyxoah SA has issued 225 convertible bonds with a nominal value of EUR 91,500 each, which, if fully converted, would increase the voting rights by 4,117,500, showcasing the company's flexibility in financing and confidence in future growth.
See More
Nyxoah (NYXH) Projects 25% Revenue Growth for Q1 2026
- Revenue Expectations: Nyxoah anticipates approximately €6.3 million in gross revenue for Q4 2025, indicating sustained growth potential in the medical device market, particularly in sleep therapy solutions.
- Cash Position: As of December 31, 2025, Nyxoah expects cash, cash equivalents, and financial assets to total around €47.9 million, providing robust financial support for future investments and operations.
- Quarterly Revenue Guidance: The company projects a 25% increase in U.S. net revenue for Q1 2026 compared to Q4 2025, reflecting rising market acceptance and demand for its products, which could positively impact stock performance.
- Financing Plan: Nyxoah announced a multi-part financing plan totaling up to €84 million, which will provide essential funding for research and development as well as market expansion, further solidifying its competitive position in the industry.
See More
Nyxoah Secures FDA Approval and Successful U.S. Launch
- FDA Approval and Market Launch: Nyxoah received FDA approval for Genio in August 2025 and successfully launched the product in the U.S. market, marking a significant advancement in the medical device sector that is expected to drive future revenue growth.
- Revenue and Training Success: By Q4 2025, Nyxoah generated $4.5 million in revenue after training 145 surgeons across 125 high-volume stimulation accounts, demonstrating its market penetration capabilities and enhancing its position in a competitive landscape.
- Global Revenue and Operating Loss: The company reported a global gross revenue of EUR 11 million for 2025, while total operating losses increased to EUR 83.5 million due to U.S. commercialization costs, reflecting the financial pressures faced during market expansion.
- Cash Flow and Market Penetration: With a quarterly cash burn rate of approximately EUR 20 million and a cash position of EUR 48 million, Nyxoah faces uncertainties regarding VAC approvals that could impact market penetration speed, necessitating close monitoring of future developments.
See More
Nyxoah (NYXH) Q4 2025 Earnings Call Transcript
See More
Nyxoah Reports Strong Q4 Earnings with 330.8% Revenue Growth
- Earnings Highlights: Nyxoah reported a GAAP EPS of -€0.57 in Q4, indicating potential improvement in financial health despite still being in the negative.
- Revenue Surge: The company achieved €5.6M in revenue for Q4, marking a remarkable 330.8% year-over-year increase, reflecting strong market demand and effective sales strategies for its products.
- Market Presence: Nyxoah's presentation at the 44th Annual J.P. Morgan Healthcare Conference garnered investor attention, indicating a rising influence in the medical device sector.
- Investor Confidence: With rapid revenue growth, market sentiment towards Nyxoah's future prospects appears optimistic, potentially attracting more investor interest in its stock performance.
See More
Nyxoah Receives Transparency Notification from Robert Taub
- Shareholding Change: According to the transparency notification dated February 26, 2026, Robert Taub and his controlled entity BMI Estate hold 4,360,800 voting rights, representing approximately 9.99% of Nyxoah's total voting rights, indicating his significant shareholder status in the company.
- Threshold Crossing: The notification indicates that Robert Taub passively crossed the 10% shareholding threshold on February 20, 2026, reflecting his potential influence on future company decisions.
- Voting Rights Structure: Of the 4,360,800 voting rights, 4,310,800 are linked to securities while 50,000 are equivalent financial instruments, showcasing the diversity of Taub's holding structure.
- Control Chain: BMI Estate is wholly owned by Robelga SRL, with Robert Taub holding 100% usufruct, which may impact corporate governance and decision-making processes.
See More
Nyxoah SA Discloses Voting Rights and Share Information
- Total Share Capital: As of February 20, 2026, Nyxoah SA's share capital stands at EUR 6,511,048.19, indicating the company's stability and potential for ongoing growth in the capital markets.
- Voting Rights Count: The company currently has 43,662,403 voting rights, all pertaining to ordinary shares, which provides shareholders with substantial participation rights and enhances the transparency of the company's governance structure.
- Unissued Subscription Rights: There are 3,416,319 subscription rights to voting securities that have not yet been issued, indicating potential future capital expansion opportunities and reflecting the company's commitment to shareholder returns.
- Convertible Bonds Information: Nyxoah SA has issued 225 convertible bonds with a nominal value of EUR 91,500 each, which, if fully converted, would increase the voting rights by 4,117,500, showcasing the company's flexibility in financing and confidence in future growth.
See More
Nyxoah (NYXH) Projects 25% Revenue Growth for Q1 2026
- Revenue Expectations: Nyxoah anticipates approximately €6.3 million in gross revenue for Q4 2025, indicating sustained growth potential in the medical device market, particularly in sleep therapy solutions.
- Cash Position: As of December 31, 2025, Nyxoah expects cash, cash equivalents, and financial assets to total around €47.9 million, providing robust financial support for future investments and operations.
- Quarterly Revenue Guidance: The company projects a 25% increase in U.S. net revenue for Q1 2026 compared to Q4 2025, reflecting rising market acceptance and demand for its products, which could positively impact stock performance.
- Financing Plan: Nyxoah announced a multi-part financing plan totaling up to €84 million, which will provide essential funding for research and development as well as market expansion, further solidifying its competitive position in the industry.
See More
