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Envoy Medical (COCH) Q1 2026 earnings results (first quarter 2026)

10-Q filed May 11, 2026

Envoy Medical (COCH) reported revenue of $39K for the first quarter 2026 (Q1 2026), -15% from a year earlier and -48% from the quarter before.

Revenue$39K
Year over year-15%
Quarter over quarter-48%
Operating margin—
Net earnings−$4.4M

Envoy Medical, Q1 2026: revenue $39K (-15% year over year), net loss $4.4M, operating cash flow −$6.1M. The chart follows the revenue to costs, profit and cash.

Q1 2026AmountQ/QY/Y
Revenue$39K-48%-15%
Operating profit−$6.0M——
Net earnings−$4.4M——
Operating cash flow−$6.1M——

What changed

Revenue was $39K in Q1 2026, down 15% year over year and down 48% from the previous quarter.

Operating costs exceeded revenue by $6.0M, an operating margin of -15279.5%. Total costs grew 16% against a revenue fall of 15%. The fastest-growing cost line was Cost of revenue (+38%). The quarter ended with a net loss of $4.4M, narrower than the previous quarter's $6.6M loss. Non-operating items added $1.6M, -37% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$6.1M. Non-cash charges added back $73K of depreciation and $239K of share-based compensation. Working capital and other items used $2.0M.

Questions

What was Envoy Medical's revenue in the first quarter 2026?

Envoy Medical (COCH) reported revenue of $39K for the first quarter 2026 (Q1 2026), -15% from a year earlier and -48% from the quarter before.

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Source: Envoy Medical 10-Q on SEC EDGAR.