NYXH Nyxoah SA - Ordinary Shares
NASDAQ · Health Care · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Mar 26, 2026
$1.36
· of 52w range
· above low
· to high
$1.2652w low
$6.8852w high
P/E
-1.9
EPS
$-2.36
your badges
52W Range
$1–$7
Analyst Rating
BUY
Price Target
$4
P/E
-1.9
ROE
-110.9%
Net Profit Margin
·
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NYXH Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$1.36
P/E
-1.9
EPS
$-2.36
ROE
-110.9%
52W Range
$1–$7
NYXH Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
EPS$-2.362020-12-31 → 2025-12-31
Free Cash Flow$-70M2022-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | NYXH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | -1.95Y avg ≈-3.4 | ≈-3.4 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | NYXH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| ROA | -65.1%5Y avg ≈-39.7% | ≈-39.7% | · | · | |
| ROE | -110.9%5Y avg ≈-57.5% | ≈-57.5% | · | · | |
| ROIC | -171.9%5Y avg ≈-74.7% | ≈-74.7% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | NYXH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 1.35Y avg ≈4.3 | ≈4.3 | · | · | |
| Quick Ratio | 0.25Y avg ≈0.6 | ≈0.6 | · | · | |
| Interest Coverage | -7.25Y avg ≈-9.6 | ≈-9.6 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | NYXH | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Inventory Turnover | 0.85Y avg ≈1.0 | ≈1.0 | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-4.0%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $-0.58 | $-0.39 | -46.5% | |
| March 31, 2026 | $-0.37 | $-0.51 | 27.0% | |
| Dec. 31, 2025 | $-0.59 | $-0.56 | -5.5% | |
| Sept. 30, 2025 | $-0.63 | $-0.60 | -5.0% | |
| June 30, 2025 | $-0.55 | $-0.58 | 5.2% | |
| March 31, 2025 | $-0.59 | $-0.56 | -5.5% | |
| Dec. 31, 2024 | $-0.46 | $-0.47 | 2.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cost of Revenue | $4M | $2M | $2M | $1M | $303.0K | |
| Gross Profit | $6M | $3M | $3M | $2M | $549.0K | |
| R&D Expense | $43M | $34M | $27M | $16M | $12M | |
| SG&A Expense | $48M | $28M | $22M | $19M | $15M | |
| Operating Income | $-83M | $-59M | $-45M | $-32M | $-26M | |
| Interest Expense | $12M | $5M | $4M | $4M | $2M | |
| Interest Income | $6M | $7M | $4M | $7M | $4M | |
| Pretax Income | $-89M | $-56M | $-45M | $-30M | $-25M | |
| Income Tax | $1M | $3M | $-1M | $1M | $3M | |
| Net Income | $-90M | $-59M | $-43M | $-31M | $-28M | |
| EPS (Basic) | $-2.36 | $-1.81 | $-1.54 | $-1.21 | $-1.16 | |
| EPS (Diluted) | $-2.36 | $-1.81 | $-1.54 | $-1.21 | $-1.16 | |
| Shares (Basic) | 38,108,434 | 32,743,605 | 27,968,142 | 25,819,165 | 23,792,693 | |
| EBITDA | $-83M | $-59M | $-45M | $-32M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $8M | $6M | $12M | $18M | $135M | |
| Inventory | $5M | $5M | $3M | $882.0K | $346.0K | |
| Current Assets | $61M | $98M | $68M | $100M | $140M | |
| PP&E (Net) | $4M | $5M | $4M | $2M | $2M | |
| Intangibles | $50M | $50M | $47M | $40M | $25M | |
| Total Assets | $118M | $158M | $124M | $146M | $171M | |
| Current Liabilities | $49M | $22M | $14M | $15M | $12M | |
| Total Liabilities | $69M | $45M | $26M | $26M | $22M | |
| Retained Earnings | $-306M | $-218M | $-161M | $-118M | $-87M | |
| Stockholders' Equity | $49M | $113M | $98M | $120M | $149M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $-69M | $-49M | $-45M | $-29M | $-25M | |
| CapEx | $805.0K | $1M | $2M | $886.0K | $1M | |
| Investing Cash Flow | $28M | $-16M | $32M | $-90M | $-12M | |
| Financing Cash Flow | $38M | $77M | $17M | $-983.0K | $76M | |
| Free Cash Flow | $-70M | $-50M | $-47M | $-30M | · | |
| Levered FCF | $-81M | $-56M | $-51M | $-34M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| ROA | -65.1% | -41.9% | -32.0% | -19.7% | · | |
| ROE | -110.9% | -56.1% | -39.6% | -23.2% | · | |
| ROIC | -171.9% | -54.5% | -44.5% | -28.1% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 4.6 | 4.7 | 6.7 | · | |
| Quick Ratio | 0.2 | 0.3 | 0.9 | 1.2 | · | |
| Interest Coverage | -7.2 | -11.6 | -12.1 | -7.5 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Inventory Turnover | 0.8 | 0.4 | 0.8 | 1.9 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| EPS (TTM) | $-2.36 | $-1.81 | $-1.54 | $-1.21 | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Net Income TTM | $-90M | $-59M | $-43M | $-31M | · | |
| P/E | -1.9 | -4.4 | -3.0 | -4.1 | · | |
| Earnings Yield | -51.4% | -22.6% | -33.3% | -24.2% | · |
Per Share
| Metric | Trend | Q4 2021 |
|---|---|---|
| EPS (TTM) | $-1.16 |
Valuation (TTM)
| Metric | Trend | Q4 2021 |
|---|---|---|
| Net Income TTM | $-28M | |
| P/E | -19.8 | |
| Earnings Yield | -5.1% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Net Income | $-90M | $-59M | $-43M | $-31M | $-28M |
| Diluted EPS | $-2.36 | $-1.81 | $-1.54 | $-1.21 | $-1.16 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 1.3 | 4.6 | 4.7 | 6.7 | · |
| Quick Ratio | 0.2 | 0.3 | 0.9 | 1.2 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-70M | $-50M | $-47M | $-30M | · |
Institutional owners (13F) 46 filers · $36.2M total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
46
Value held
$36.2M
New positions
19
Exited positions
8
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 19 (+10 vs prior Q) | 8 (+2 vs prior Q) | 6 (+2 vs prior Q) | 3 (-3 vs prior Q) | +17.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| AIGH Capital Management LLC | $24,563,948 | 14,534,880 | 67.78% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $1,658,210 | 962,524 | 4.58% | Shares |
| Blackstone Inc. | $1,557,335 | 921,500 | 4.30% | Shares |
| Vestal Point Capital, LP | $1,425,449 | 843,461 | 3.93% | Shares |
| HEIGHTS CAPITAL MANAGEMENT, INC | $1,400,677 | 828,803 | 3.86% | Shares |
| Hudson Bay Capital Management LP | $1,213,390 | 717,982 | 3.35% | Shares |
| Pentwater Capital Management LP | $1,014,000 | 600,000 | 2.80% | Shares |
| ANDERA PARTNERS | $882,276 | 522,057 | 2.43% | Shares |
| AXA Investment Managers S.A. | $396,253 | 86,142 | 1.09% | Shares |
| READYSTATE ASSET MANAGEMENT LP | $350,626 | 207,471 | 0.97% | Shares |
| Rossmore Private Capital | $229,454 | 132,746 | 0.63% | Shares |
| BlackRock, Inc. | $204,840 | 121,207 | 0.57% | Shares |
| IFP Advisors, Inc | $200,140 | 118,426 | 0.55% | Shares |
| Integrated Wealth Concepts LLC | $169,000 | 100,000 | 0.47% | Shares |
| CITADEL ADVISORS LLC | $135,530 | 80,195 | 0.37% | Shares |
| Ikarian Capital, LLC | $80,035 | 47,358 | 0.22% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $75,715 | 44,802 | 0.21% | Shares |
| JANE STREET GROUP, LLC | $75,208 | 43,544 | 0.21% | Shares |
| LPL Financial LLC | $61,281 | 36,261 | 0.17% | Shares |
| UBS Group AG | $60,247 | 35,649 | 0.17% | Shares |
| DEUTSCHE BANK AG\ | $59,150 | 35,000 | 0.16% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $56,581 | 33,480 | 0.16% | Shares |
| XTX Topco Ltd | $53,473 | 31,641 | 0.15% | Shares |
| Elk River Wealth Management LLC | $51,217 | 30,306 | 0.14% | Shares |
| AlphaCore Capital LLC | $51,217 | 30,306 | 0.14% | Shares |
| Federation des caisses Desjardins du Quebec | $39,377 | 23,300 | 0.11% | Shares |
| OLD MISSION CAPITAL LLC | $32,640 | 19,437 | 0.09% | Shares |
| Invst, LLC | $27,469 | 16,254 | 0.08% | Shares |
| J.W. COLE ADVISORS, INC. | $22,731 | 13,450 | 0.06% | Shares |
| CREDIT AGRICOLE S A | $19,489 | 11,532 | 0.05% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $19,391 | 11,474 | 0.05% | Shares |
| Scientech Research LLC | $18,301 | 10,829 | 0.05% | Shares |
| OSAIC HOLDINGS, INC. | $11,424 | 6,604 | 0.03% | Shares |
| MORGAN STANLEY | $7,563 | 4,475 | 0.02% | Shares |
| GHP Investment Advisors, Inc. | $7,563 | 2,590 | 0.02% | Shares |
| Versant Capital Management, Inc | $3,209 | 2,325 | 0.01% | Shares |
| ROYAL BANK OF CANADA | $2,000 | 1,000 | 0.01% | Shares |
| Rockefeller Capital Management L.P. | $1,690 | 1,000 | 0.00% | Shares |
| AdvisorNet Financial, Inc | $1,690 | 1,000 | 0.00% | Shares |
| Fourth Dimension Wealth, LLC | $676 | 400 | 0.00% | Shares |
| WELLS FARGO & COMPANY/MN | $604 | 350 | 0.00% | Shares |
| Cheviot Value Management, LLC | $338 | 200 | 0.00% | Shares |
| Caitong International Asset Management Co., Ltd | $112 | 66 | 0.00% | Shares |
| CWM, LLC | $85 | 29 | 0.00% | Shares |
| DekaBank Deutsche Girozentrale | $47 | 26,200 | 0.00% | Shares |
| SBI Securities Co., Ltd. | $5 | 3 | 0.00% | Shares |
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Cochlear Investments Pty Ltd, Cochlear Limited ×6 filings | June 11, 2026 | 5.91% | Amendment | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
NYXH Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 13 analysts
BUY
Median target
$3.90
+187.0%
4 30.8%
Strong Buy
6 46.2%
Buy
3 23.1%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
3 analysts · 2026-10-01Mean target $4.21 +209.7%
← Below all targets
Current price $1.36
Low$2.93
Mean$4.21
High$5.81
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Source: SEC 20-F filed Mar 26, 2026