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

Envoy Medical, Inc. is the larger business by last-quarter revenue ($75.0K vs $42.3K, roughly 1.8× VTEX). VTEX runs the higher net margin — -18.7% vs -8781.3%, a 8762.7% gap on every dollar of revenue.

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.

VTEX is a global cloud-based digital commerce platform provider that delivers end-to-end solutions for e-commerce store building, order management, point-of-sale integration, and omnichannel retail operation optimization. It caters to enterprise and mid-sized business clients across retail, consumer goods, manufacturing and other sectors, with core market coverage across Latin America, North America and Europe, helping brands unify online and offline customer shopping experiences.

COCH vs VTEX — Head-to-Head

Bigger by revenue
COCH
COCH
1.8× larger
COCH
$75.0K
$42.3K
VTEX
Higher net margin
VTEX
VTEX
8762.7% more per $
VTEX
-18.7%
-8781.3%
COCH

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
COCH
COCH
VTEX
VTEX
Revenue
$75.0K
$42.3K
Net Profit
$-6.6M
$-7.9K
Gross Margin
-181.3%
65.5%
Operating Margin
-8513.3%
Net Margin
-8781.3%
-18.7%
Revenue YoY
78.6%
Net Profit YoY
-42.6%
EPS (diluted)
$-0.27

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
VTEX
VTEX
Q4 25
$75.0K
Q3 25
$42.0K
Q2 25
$78.0K
Q1 25
$46.0K
Q4 24
$42.0K
Q3 24
$56.0K
$42.3K
Q2 24
$68.0K
Q1 24
$59.0K
Net Profit
COCH
COCH
VTEX
VTEX
Q4 25
$-6.6M
Q3 25
$-6.5M
Q2 25
$-5.7M
Q1 25
$-5.0M
Q4 24
$-4.6M
Q3 24
$-6.0M
$-7.9K
Q2 24
$-3.9M
Q1 24
$-6.3M
Gross Margin
COCH
COCH
VTEX
VTEX
Q4 25
-181.3%
Q3 25
-383.3%
Q2 25
-200.0%
Q1 25
-391.3%
Q4 24
-273.8%
Q3 24
-233.9%
65.5%
Q2 24
-260.3%
Q1 24
-159.3%
Operating Margin
COCH
COCH
VTEX
VTEX
Q4 25
-8513.3%
Q3 25
-13590.5%
Q2 25
-6500.0%
Q1 25
-11102.2%
Q4 24
-10828.6%
Q3 24
-8878.6%
Q2 24
-7135.3%
Q1 24
-8278.0%
Net Margin
COCH
COCH
VTEX
VTEX
Q4 25
-8781.3%
Q3 25
-15433.3%
Q2 25
-7294.9%
Q1 25
-10865.2%
Q4 24
-10995.2%
Q3 24
-10642.9%
-18.7%
Q2 24
-5804.4%
Q1 24
-10627.1%
EPS (diluted)
COCH
COCH
VTEX
VTEX
Q4 25
$-0.27
Q3 25
$-0.35
Q2 25
$-0.32
Q1 25
$-0.29
Q4 24
$-0.40
Q3 24
$-0.39
Q2 24
$-0.29
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
VTEX
VTEX
Cash + ST InvestmentsLiquidity on hand
$28.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-12.2M
$240.3M
Total Assets
$8.6M
$341.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COCH
COCH
VTEX
VTEX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$28.0M
Q2 24
Q1 24
Stockholders' Equity
COCH
COCH
VTEX
VTEX
Q4 25
$-12.2M
Q3 25
$-7.7M
Q2 25
$-29.9M
Q1 25
$-24.2M
Q4 24
$-18.8M
Q3 24
$-18.5M
$240.3M
Q2 24
$-12.4M
Q1 24
$-7.4M
Total Assets
COCH
COCH
VTEX
VTEX
Q4 25
$8.6M
Q3 25
$8.2M
Q2 25
$9.9M
Q1 25
$10.4M
Q4 24
$11.5M
Q3 24
$9.4M
$341.1M
Q2 24
$6.7M
Q1 24
$8.5M

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
VTEX
VTEX
Operating Cash FlowLast quarter
$-5.7M
$27.3M
Free Cash FlowOCF − Capex
$-5.9M
FCF MarginFCF / Revenue
-7809.3%
Capex IntensityCapex / Revenue
229.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COCH
COCH
VTEX
VTEX
Q4 25
$-5.7M
Q3 25
$-4.3M
Q2 25
$-4.5M
Q1 25
$-3.7M
Q4 24
$-5.1M
Q3 24
$-2.6M
$27.3M
Q2 24
$-4.6M
Q1 24
$-5.6M
Free Cash Flow
COCH
COCH
VTEX
VTEX
Q4 25
$-5.9M
Q3 25
Q2 25
$-4.5M
Q1 25
$-3.7M
Q4 24
Q3 24
$-3.8M
Q2 24
Q1 24
$-5.7M
FCF Margin
COCH
COCH
VTEX
VTEX
Q4 25
-7809.3%
Q3 25
Q2 25
-5719.2%
Q1 25
-8110.9%
Q4 24
Q3 24
-6750.0%
Q2 24
Q1 24
-9657.6%
Capex Intensity
COCH
COCH
VTEX
VTEX
Q4 25
229.3%
Q3 25
0.0%
Q2 25
1.3%
Q1 25
13.0%
Q4 24
Q3 24
2066.1%
Q2 24
Q1 24
184.7%

Financial Flow Comparison

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

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