Nyxoah SA balance sheet

At the end of fiscal 2025, Nyxoah SA had total assets of $139m, total liabilities of $81.4m and shareholders' equity of $57.7m. It held $35.2m in cash against $0 of debt: net cash of $35.2m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Nyxoah SA: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	113	153	19	24	35	35
Inventory	—	0	1	4	5	5
Total current assets	—	159	107	76	102	72
Total assets	—	193	156	137	164	139
Total current liabilities	—	13	16	16	22	57
Total debt	0	0	0	0	0	0
Total liabilities	—	25	28	29	47	81
Shareholders' equity	—	168	129	108	117	58
Net debt (negative = net cash)	−113	−153	−19	−24	−35	−35
Shares outstanding	22m	26m	26m	29m	37m	43m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Nyxoah SA's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nyxoah SA.