Nyxoah Expects 348% Q4 Revenue Growth, $5.7M Forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
0mins
Should l Buy NYXH?
Source: NASDAQ.COM
- Revenue Growth Expectations: Nyxoah anticipates Q4 2025 revenue to reach €5.7 million, a 348% increase from €1.3 million in the same quarter last year, indicating strong market demand for its Obstructive Sleep Apnea treatments.
- Significant Annual Performance: The company expects full-year 2025 revenue to hit €10 million, up 122% from €4.5 million in 2024, reflecting successful product promotion and increased customer acceptance in the market.
- Strong Cash Position: As of December 31, 2025, Nyxoah expects to hold approximately €47.9 million in cash and cash equivalents, providing ample funding for future R&D and market expansion initiatives.
- FDA Approval and Market Expansion: Nyxoah's Genio system received FDA approval in August 2025, with 145 surgeons trained and 57 accounts activated in the U.S., marking a successful launch and significant growth potential in the American market.
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Analyst Views on NYXH
Wall Street analysts forecast NYXH stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 4.020
Low
5.82
Averages
10.41
High
13.00
Current: 4.020
Low
5.82
Averages
10.41
High
13.00
About NYXH
Nyxoah SA is a Belgium-based company that produces medical equipment. The company focuses on the development and commercialization of solutions and services to treat sleep-disordered breathing conditions. The system consists of a neurostimulator, which is implanted close to the nerve of the tongue, as well as an activation chip, which is connected to a disposable patch and is positioned every night by the patient under the chin.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Shareholding Change: According to the transparency notification dated February 26, 2026, Robert Taub and his controlled entity BMI Estate hold 4,360,800 voting rights, representing approximately 9.99% of Nyxoah's total voting rights, indicating his significant shareholder status in the company.
- Threshold Crossing: The notification indicates that Robert Taub passively crossed the 10% shareholding threshold on February 20, 2026, reflecting his potential influence on future company decisions.
- Voting Rights Structure: Of the 4,360,800 voting rights, 4,310,800 are linked to securities while 50,000 are equivalent financial instruments, showcasing the diversity of Taub's holding structure.
- Control Chain: BMI Estate is wholly owned by Robelga SRL, with Robert Taub holding 100% usufruct, which may impact corporate governance and decision-making processes.
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- Total Share Capital: As of February 20, 2026, Nyxoah SA's share capital stands at EUR 6,511,048.19, indicating the company's stability and potential for ongoing growth in the capital markets.
- Voting Rights Count: The company currently has 43,662,403 voting rights, all pertaining to ordinary shares, which provides shareholders with substantial participation rights and enhances the transparency of the company's governance structure.
- Unissued Subscription Rights: There are 3,416,319 subscription rights to voting securities that have not yet been issued, indicating potential future capital expansion opportunities and reflecting the company's commitment to shareholder returns.
- Convertible Bonds Information: Nyxoah SA has issued 225 convertible bonds with a nominal value of EUR 91,500 each, which, if fully converted, would increase the voting rights by 4,117,500, showcasing the company's flexibility in financing and confidence in future growth.
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- Revenue Expectations: Nyxoah anticipates approximately €6.3 million in gross revenue for Q4 2025, indicating sustained growth potential in the medical device market, particularly in sleep therapy solutions.
- Cash Position: As of December 31, 2025, Nyxoah expects cash, cash equivalents, and financial assets to total around €47.9 million, providing robust financial support for future investments and operations.
- Quarterly Revenue Guidance: The company projects a 25% increase in U.S. net revenue for Q1 2026 compared to Q4 2025, reflecting rising market acceptance and demand for its products, which could positively impact stock performance.
- Financing Plan: Nyxoah announced a multi-part financing plan totaling up to €84 million, which will provide essential funding for research and development as well as market expansion, further solidifying its competitive position in the industry.
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- Revenue Growth Expectations: Nyxoah anticipates Q4 2025 revenue to reach €5.7 million, a 348% increase from €1.3 million in the same quarter last year, indicating strong market demand for its Obstructive Sleep Apnea treatments.
- Significant Annual Performance: The company expects full-year 2025 revenue to hit €10 million, up 122% from €4.5 million in 2024, reflecting successful product promotion and increased customer acceptance in the market.
- Strong Cash Position: As of December 31, 2025, Nyxoah expects to hold approximately €47.9 million in cash and cash equivalents, providing ample funding for future R&D and market expansion initiatives.
- FDA Approval and Market Expansion: Nyxoah's Genio system received FDA approval in August 2025, with 145 surgeons trained and 57 accounts activated in the U.S., marking a successful launch and significant growth potential in the American market.
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- FibroBiologics Outperformance: FibroBiologics, Inc. (FBLG) surged 7.68% in after-hours trading to close at $0.41, indicating speculative interest or technical momentum despite no specific news.
- Nyxoah Earnings Boost Confidence: Nyxoah SA (NYXH) advanced 3.94% to $5.28 after reporting preliminary Q4 and full-year 2025 results, with guidance for Q1 2026 enhancing investor confidence in its growth trajectory.
- Fortress Biotech's Continued Volatility: Fortress Biotech, Inc. (FBIO) climbed 6.90% to $4.49 in after-hours trading, continuing a trend of volatility without any fresh news impacting the stock.
- Revvity Collaboration Drives Growth: Revvity, Inc. (RVTY) posted a 4.92% gain to close at $109.00, as investors digest the January announcement of a collaboration with Eli Lilly to expand access to predictive models via the Revvity Signals platform.
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- Shareholding Notification: On January 8, 2026, Nyxoah received a transparency notification from BNP Paribas Asset Management indicating that it holds 1,409,791 voting rights, representing 3.28% of total voting rights, which signifies an increasing importance of this shareholder in the company's structure.
- Threshold Crossing: The notification reveals that BNP Paribas Asset Management crossed the 3% threshold on December 31, 2025, reflecting its confidence in Nyxoah and potentially influencing the company's future strategic decisions.
- Merger Impact: This shareholding change resulted from the merger between BNP Paribas Asset Management Europe SAS and AXA Investment Managers, with the combined entity's holdings crossing a critical ownership threshold, indicating a trend of market consolidation.
- Voting Rights Exercise: BNP Paribas Asset Management Europe SAS, as an investment company, exercises voting rights at its discretion in the absence of specific instructions, which may impact Nyxoah's governance structure and future decision-making processes.
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