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Envoy Medical (COCH) Q2 2025 earnings results (second quarter 2025)

10-Q filed Jul 31, 2025

Envoy Medical (COCH) reported revenue of $78K for the second quarter 2025 (Q2 2025), +15% from a year earlier and +70% from the quarter before.

Revenue$78K
Year over year+15%
Quarter over quarter+70%
Operating margin—
Net earnings−$5.7M

Envoy Medical, Q2 2025: revenue $78K (+15% year over year), net loss $5.7M, operating cash flow −$4.5M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$78K+70%+15%
Operating profit−$5.1M——
Net earnings−$5.7M——
Operating cash flow−$4.5M——

What changed

Revenue was $78K in Q2 2025, up 15% year over year and up 70% from the previous quarter.

Operating costs exceeded revenue by $5.1M, an operating margin of -6500.0%. Total costs grew 5% against revenue growth of 15%. The fastest-growing cost line was General & admin (+30%). The quarter ended with a net loss of $5.7M, wider than the previous quarter's $5.0M loss.

Operating cash flow was −$4.5M. Non-cash charges added back $85K of depreciation and $146K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $1K exceeded it, leaving free cash flow of −$4.5M.

Questions

What was Envoy Medical's revenue in the second quarter 2025?

Envoy Medical (COCH) reported revenue of $78K for the second quarter 2025 (Q2 2025), +15% from a year earlier and +70% from the quarter before.

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Source: Envoy Medical 10-Q on SEC EDGAR.