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Stock Nyxoah S.A. NYXH

Nyxoah S.A. — Investlytic score 0/5 on the five criteria.

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0/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 0/5 criteria met.

  • ❌ Price trend failed
  • ❌ Growth failed
  • ❌ Debt failed
  • ❌ P/E failed
  • ❌ Correction failed

Price trend

Overall trend (8 years): insufficient progression (less than x1.5).

Price change 2021 → 2022: -78.30%

Price change 2022 → 2023: -7.01%

Price change 2023 → 2024: 72.41%

Price change 2024 → 2025: -42.50%

Price change 2025 → 2026: -69.57%

Price change 2026 (year to date): -68.89%

Financial growth

Revenue CAGR (8 years): N/A

Earnings CAGR (8 years): N/A

Growth status: insufficient data or negative trend.

Debt

Debt-to-equity ratio: 0.86

Debt/equity > 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: -0.54

P/E > 25.0 (maximum threshold).

Correction (6 months)

Current correction: 71.31% from the high over 6 months.

Excessive correction (> 20.0%).

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Criteria of the Investlytic model

- / 5
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Investlytic rating reserved for members

Score out of 100, model verdict (buy, watch, sell) and details of the 5 criteria · visible with a free account.

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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
Nyxoah S.A.–0.86–🔒
Euroapi S.A.–0.08−1.3 %–
Guerbet S.A.–1.64+5.5 %–
Cellectis S.A.–1.20+8.9 %–
Adocia S.A.–5.97+18.8 %–

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by Nyxoah S.A. over the latest fiscal years.

Revenue
11.2 m USD
fiscal year 2025
Net income
-100 m USD
fiscal year 2025
Net margin
-899.0 %
fiscal year 2025
Average annual growth
+170.6 %
Revenue growth over 5 years
Market cap
86.1 m USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
202076,925-13.7 m-17,746.4 %n/a
2021949,861-30.8 m-3,241.7 %+1,134.8 %
20223.4 m-34.8 m-1,012.5 %+262.0 %
20234.8 m-48.2 m-993.8 %+41.0 %
20245.0 m-66.0 m-1,310.2 %+4.0 %
202511.2 m-100 m-899.0 %+121.6 %

Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.

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Accounts and financial health

Balance sheet and cash flow published by Nyxoah S.A. over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
fragile accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
-3.40
risk zone (below 1.81)
Piotroski Score
2 / 9
0 to 3: fragile accounts
Net Debt / EBITDA
0.15 x
low debt
Fiscal year20212022202320242025
Cash and investments136 m94.9 m57.7 m85.6 m48.0 m
Total Debt11.7 m11.9 m12.7 m22.7 m42.1 m
Net Debt-124 m-6.0 m-8.9 m-11.5 m12.1 m
Equity149 m120 m98.0 m113 m49.1 m
Total assets171 m146 m124 m158 m118 m
Operating cash flow-25.3 m-28.8 m-44.8 m-49.2 m-67.5 m
Investments (capex)1.5 m886,0002.5 m1.2 m3.8 m
Free cash-flow-37.2 m-45.1 m-55.7 m-55.3 m-68.3 m
Share buybacks00000
Dividends paid00000

Amounts in EUR, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)-0.35 x
Price / book value0.52 x
Return on Equity (ROE)-179.7 %
Return on Invested Capital (ROIC)-59.9 %
Net margin-434.7 %
Debt / equity0.63 x
Current ratio2.38 x
Interest coverage-5.73 x
Free cash-flow yield-95.6 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.

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Analyst consensus and forecasts

What the financial analysts covering Nyxoah S.A. publish: ratings, price targets and earnings forecasts.

Majority rating
buy
5 analysts
Average price target
3.10 USD
from n/a to n/a, 10 targets over 12 months
Gap with the share price
+255.7 %
price 0.872 USD on 30/10/2026

Breakdown of ratings

strong buy 0buy 4hold 1sell 0strong sell 0

Average target over the last 3 months: 3.10 USD (3 targets).

Track record against expectations: reported EPS above consensus 2 times over the last 12 releases.

Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.

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Dividends and earnings

Nyxoah S.A.: dividend history, last distributions, stock splits and earnings releases.

No known dividend for this company.

Earnings releases

DatePublished EPSExpected EPSSurprise
05/08/2026-0.67-0.47n/a
12/05/2026-0.43-0.54n/a
19/03/2026-0.68-0.65n/a
13/11/2025-0.74-0.61n/a
18/08/2025-0.63-0.62n/a
14/05/2025-0.63-0.49n/a

Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.

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PEA and practical information

Listing exchange
Nasdaq
IPO: 28/04/2021
ISIN code
BE0974358906
Workforce
183
full-time employees
Chief executive
Olivier Taelman
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Frequently asked questions about Nyxoah S.A.

What is the Nyxoah S.A. share price?

Latest recorded price: 0.846 USD on 06/11/2026, for a market cap of 86.1 m USD.

What is the revenue of Nyxoah S.A.?

11.2 m USD for fiscal year 2025, with net income of -100 m USD (net margin -899.0 %).

What do analysts say about Nyxoah S.A.?

Out of 5 analysts: 4 buy or strong buy, 1 hold, 0 sell or strong sell. Average price target: 3.10 USD, i.e. +255.7 % from the share price.

How many employees does Nyxoah S.A. have?

183 full-time employees according to the latest published profile.

Who runs Nyxoah S.A.?

Olivier Taelman is the company's chief executive.

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