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Side-by-side financial comparison of Envoy Medical, Inc. (COCH) and Safe Pro Group Inc. (SPAI). Click either name above to swap in a different company.

Safe Pro Group Inc. is the larger business by last-quarter revenue ($227.7K vs $75.0K, roughly 3.0× Envoy Medical, Inc.). Safe Pro Group Inc. runs the higher net margin — -1507.6% vs -8781.3%, a 7273.7% gap on every dollar of revenue. Safe Pro Group Inc. produced more free cash flow last quarter ($-2.7M vs $-5.9M).

Envoy Medical, Inc. is a medical technology firm specializing in developing and commercializing advanced implantable hearing solutions for sensorineural hearing loss patients. Its core products include fully implanted middle ear hearing devices, with primary markets across North America and Europe, serving users who gain limited benefit from conventional external hearing aids.

COCH vs SPAI — Head-to-Head

Bigger by revenue
SPAI
SPAI
3.0× larger
SPAI
$227.7K
$75.0K
COCH
Higher net margin
SPAI
SPAI
7273.7% more per $
SPAI
-1507.6%
-8781.3%
COCH
More free cash flow
SPAI
SPAI
$3.2M more FCF
SPAI
$-2.7M
$-5.9M
COCH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
COCH
COCH
SPAI
SPAI
Revenue
$75.0K
$227.7K
Net Profit
$-6.6M
$-3.4M
Gross Margin
-181.3%
33.1%
Operating Margin
-8513.3%
-1936.2%
Net Margin
-8781.3%
-1507.6%
Revenue YoY
78.6%
Net Profit YoY
-42.6%
EPS (diluted)
$-0.27
$-0.16

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
COCH
COCH
SPAI
SPAI
Q4 25
$75.0K
$227.7K
Q3 25
$42.0K
$101.4K
Q2 25
$78.0K
$92.8K
Q1 25
$46.0K
$184.8K
Q4 24
$42.0K
Q3 24
$56.0K
$330.8K
Q2 24
$68.0K
$643.0K
Q1 24
$59.0K
Net Profit
COCH
COCH
SPAI
SPAI
Q4 25
$-6.6M
$-3.4M
Q3 25
$-6.5M
$-5.0M
Q2 25
$-5.7M
$-1.9M
Q1 25
$-5.0M
$-4.0M
Q4 24
$-4.6M
Q3 24
$-6.0M
$-3.7M
Q2 24
$-3.9M
$-1.2M
Q1 24
$-6.3M
Gross Margin
COCH
COCH
SPAI
SPAI
Q4 25
-181.3%
33.1%
Q3 25
-383.3%
33.1%
Q2 25
-200.0%
34.0%
Q1 25
-391.3%
33.3%
Q4 24
-273.8%
Q3 24
-233.9%
40.6%
Q2 24
-260.3%
28.7%
Q1 24
-159.3%
Operating Margin
COCH
COCH
SPAI
SPAI
Q4 25
-8513.3%
-1936.2%
Q3 25
-13590.5%
-4148.6%
Q2 25
-6500.0%
-2073.6%
Q1 25
-11102.2%
-2167.6%
Q4 24
-10828.6%
Q3 24
-8878.6%
-1070.9%
Q2 24
-7135.3%
-174.6%
Q1 24
-8278.0%
Net Margin
COCH
COCH
SPAI
SPAI
Q4 25
-8781.3%
-1507.6%
Q3 25
-15433.3%
-4940.1%
Q2 25
-7294.9%
-2064.1%
Q1 25
-10865.2%
-2145.5%
Q4 24
-10995.2%
Q3 24
-10642.9%
-1114.3%
Q2 24
-5804.4%
-188.9%
Q1 24
-10627.1%
EPS (diluted)
COCH
COCH
SPAI
SPAI
Q4 25
$-0.27
$-0.16
Q3 25
$-0.35
$-0.29
Q2 25
$-0.32
$-0.13
Q1 25
$-0.29
$-0.27
Q4 24
$-0.40
Q3 24
$-0.39
$-0.34
Q2 24
$-0.29
$-0.14
Q1 24
$-0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
COCH
COCH
SPAI
SPAI
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$146.0K
Stockholders' EquityBook value
$-12.2M
$17.7M
Total Assets
$8.6M
$19.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Total Debt
COCH
COCH
SPAI
SPAI
Q4 25
$146.0K
Q3 25
$146.0K
Q2 25
$146.0K
Q1 25
$146.0K
Q4 24
Q3 24
$146.0K
Q2 24
$256.0K
Q1 24
Stockholders' Equity
COCH
COCH
SPAI
SPAI
Q4 25
$-12.2M
$17.7M
Q3 25
$-7.7M
$8.4M
Q2 25
$-29.9M
$2.6M
Q1 25
$-24.2M
$2.6M
Q4 24
$-18.8M
Q3 24
$-18.5M
$4.2M
Q2 24
$-12.4M
$531.4K
Q1 24
$-7.4M
Total Assets
COCH
COCH
SPAI
SPAI
Q4 25
$8.6M
$19.1M
Q3 25
$8.2M
$9.7M
Q2 25
$9.9M
$3.5M
Q1 25
$10.4M
$3.7M
Q4 24
$11.5M
Q3 24
$9.4M
$5.5M
Q2 24
$6.7M
$3.0M
Q1 24
$8.5M
Debt / Equity
COCH
COCH
SPAI
SPAI
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
Q3 24
0.03×
Q2 24
0.48×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
COCH
COCH
SPAI
SPAI
Operating Cash FlowLast quarter
$-5.7M
$-2.7M
Free Cash FlowOCF − Capex
$-5.9M
$-2.7M
FCF MarginFCF / Revenue
-7809.3%
-1181.2%
Capex IntensityCapex / Revenue
229.3%
10.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COCH
COCH
SPAI
SPAI
Q4 25
$-5.7M
$-2.7M
Q3 25
$-4.3M
$-1.6M
Q2 25
$-4.5M
$-1.0M
Q1 25
$-3.7M
$-941.8K
Q4 24
$-5.1M
Q3 24
$-2.6M
$-1.9M
Q2 24
$-4.6M
Q1 24
$-5.6M
Free Cash Flow
COCH
COCH
SPAI
SPAI
Q4 25
$-5.9M
$-2.7M
Q3 25
$-1.6M
Q2 25
$-4.5M
$-1.0M
Q1 25
$-3.7M
$-960.0K
Q4 24
Q3 24
$-3.8M
$-1.9M
Q2 24
Q1 24
$-5.7M
FCF Margin
COCH
COCH
SPAI
SPAI
Q4 25
-7809.3%
-1181.2%
Q3 25
-1579.6%
Q2 25
-5719.2%
-1092.7%
Q1 25
-8110.9%
-519.5%
Q4 24
Q3 24
-6750.0%
-577.0%
Q2 24
Q1 24
-9657.6%
Capex Intensity
COCH
COCH
SPAI
SPAI
Q4 25
229.3%
10.0%
Q3 25
0.0%
4.9%
Q2 25
1.3%
3.0%
Q1 25
13.0%
9.9%
Q4 24
Q3 24
2066.1%
0.9%
Q2 24
Q1 24
184.7%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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