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Companies / Health Care / Envoy Medical, Inc.
COCH

Envoy Medical, Inc.

Health CareMedical Instruments
Ticker COCHWHITE BEAR LAKE, MNFiscal year ends DecemberBook value per share $-0.17Diluted shares 9.3M

Envoy Medical, Inc. (Nasdaq: COCH) develops implantable medical technologies for people with hearing loss. Its investigational Acclaim cochlear implant is designed to be fully implanted, using a sensor in the middle ear to capture sound and an implanted processor and power source to stimulate the auditory nerve; it is… From the company’s description.

Over the twelve months to Sep 30, 2026, Envoy Medical, Inc. reported revenue of $0.23M, up 11.1% from a year earlier, and a net loss of $20.85M. Operations used $22.23M in cash. In fiscal 2025, it reported revenue of $0.24M, up 7.1% from fiscal 2024, and a net loss of $23.76M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$0.24MFY2025
+7.1% year over year
Last 12 mo $0.23M
-9240.66%FY2025
−682.4 percentage points
Last 12 mo -10151.52%
$-23.76MFY2025
−14.2% year over year
Last 12 mo $-20.85M
195.39%FY2025
+85 percentage points
Last 12 mo 1361.92%
Cash & financing
$-18.20MFY2025
−1.4% year over year
Last 12 mo $-22.23M
$-18.38MFY2025
+2.9% year over year
Last 12 mo $-22.44M
—
Was -0.99× a year earlier
23.3MFY2025
+23.8% year over year
Last 12 mo 9.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Envoy Medical, Inc. does

In the company’s own words

Envoy Medical, Inc. (Nasdaq: COCH) develops implantable medical technologies for people with hearing loss. Its investigational Acclaim cochlear implant is designed to be fully implanted, using a sensor in the middle ear to capture sound and an implanted processor and power source to stimulate the auditory nerve; it is intended for adults with severe-to-profound sensorineural hearing loss who receive inadequate benefit from hearing aids. The company also has the FDA-approved Esteem fully implanted active middle ear implant, and is developing the Acclaim for potential commercialization subject to regulatory approval. Envoy Medical reports one operating and reportable segment. Its customers are expected to include patients, healthcare providers and institutions involved in cochlear implant care; the company plans to work with specialist surgeons and audiologists. The business shifted its development focus from Esteem to Acclaim in 2015, and became a public company through a business combination in 2023. The Acclaim pivotal study enrolled 56 patients, and the company had not yet received FDA approval to market it as of year-end 2025. Its website is www.envoymedical.com.

Company details
Sector
Health Care
Industry (SIC)
Medical Instruments
Headquarters
WHITE BEAR LAKE, MN
Fiscal year end
December
CIK
1840877
SIC
3842

Financial performance, year by year

Fiscal 2021–2025 · USD
$-32.95M$-23.87M$-14.80M$-5.73M$3.34M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Envoy Medical, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

6
funds hold it
0 of 35
superinvestors hold it
$1.02M
held by funds, at market
17.3%
of shares held by funds

Largest fund holders · Envoy Medical, Inc.’s weight in each

VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
—of fund net assets
Fidelity Nasdaq Composite Index Fund
FNCMX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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