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Envoy Medical (COCH) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 10, 2025

Envoy Medical (COCH) reported revenue of $42K for the third quarter 2025 (Q3 2025), -25% from a year earlier and -46% from the quarter before.

Revenue$42K
Year over year-25%
Quarter over quarter-46%
Operating margin—
Net earnings−$6.5M

Envoy Medical, Q3 2025: revenue $42K (-25% year over year), net loss $6.5M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$42K-46%-25%
Operating profit−$5.7M——
Net earnings−$6.5M——
Operating cash flow−$4.3M——

What changed

Revenue was $42K in Q3 2025, down 25% year over year and down 46% from the previous quarter.

Operating costs exceeded revenue by $5.7M, an operating margin of -13590.5%. Total costs grew 14% against a revenue fall of 25%. The fastest-growing cost line was General & admin (+44%). The quarter ended with a net loss of $6.5M, wider than the previous quarter's $5.7M loss.

Operating cash flow was −$4.3M. Non-cash charges added back $76K of depreciation and $172K of share-based compensation. Working capital and other items added $1.9M.

Questions

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

Envoy Medical (COCH) reported revenue of $42K for the third quarter 2025 (Q3 2025), -25% from a year earlier and -46% from the quarter before.

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Source: Envoy Medical 10-Q on SEC EDGAR.