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Private company

Eargo, Inc.

American orthopedic company, incorporated in Delaware1

In its 2023 annual report the company says: “Eargo, Inc. is a medical device company dedicated to improving the quality of life of people with hearing loss. We market and sell our hearing aids primarily in a direct-to-consumer format, with a personalized, consumer-centric approach. Our differentiated, consumer-first approach empowers consumers to take control of their hearing by improving accessibility, with personalized, high-quality remote customer support from our hearing professionals (with remote customer support continuing for as long as a customer owns their Eargo hearing aid).”46 It is headquartered in San Jose, California.1

Last updated Oct 21, 2026.

Overview

  • IndustryOrthopedic, Prosthetic & Surgical Appliances & Supplies1
  • HeadquartersSan Jose, California1
  • Incorporated inDE2
  • Business address2665 North First Street, Suite 300, San Jose, Ca 951342
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

38.3%Gross margin3
-300.0%Operating margin3
-422.8%Net margin3
16.0%Revenue growth, 20223
-156.2%Return on equity3
0.00×Debt to equity3
-$120.1MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue54¢$23.0M
  • Research and development44¢$18.8M
  • Interest1¢$549.0K
  • Income tax0¢$100.0K

Out of $37.2M in revenue.3 The company lost money this year.

Financial statements

Revenue453$37.2M in 2022+61% since 2018
0$20.0M$40.0M$60.0M$80.0M2018: $23.2M$23.2M20182019: $32.8M$32.8M2019+42%2020: $69.2M$69.2M2020+111%2021: $32.1M$32.1M2021−54%2022: $37.2M$37.2M2022+16%
Gross profit453$14.3M in 2022+21% since 2018
0$20.0M$40.0M$60.0M2018: $11.7M$11.7M20182019: $17.0M$17.0M2019+45%2020: $47.3M$47.3M2020+178%2021: $4.2M$4.2M2021−91%2022: $14.3M$14.3M2022+242%
Operating income453-$111.8M in 2022+254% since 2018
-$200.0M-$150.0M-$100.0M-$50.0M02018: -$31.6M-$31.6M20182019: -$44.0M-$44.0M2019+39%2020: -$34.9M-$34.9M2020−21%2021: -$156.7M-$156.7M2021+349%2022: -$111.8M-$111.8M2022−29%
Net income453-$157.5M in 2022+366% since 2018
-$200.0M-$150.0M-$100.0M-$50.0M02018: -$33.8M-$33.8M20182019: -$44.5M-$44.5M2019+32%2020: -$39.9M-$39.9M2020−10%2021: -$157.8M-$157.8M2021+296%2022: -$157.5M-$157.5M2022−0%
Fiscal year201720182019202020212022
Revenue$23.2M4$32.8M5$69.2M3$32.1M3$37.2M3
Cost of revenue$11.4M4$15.8M5$21.9M3$28.0M3$23.0M3
Gross profit$11.7M4$17.0M5$47.3M3$4.2M3$14.3M3
Research and development$9.5M4$12.8M5$12.0M3$25.2M3$18.8M3
Operating expenses$160.9M3$126.0M3
Operating income-$31.6M4-$44.0M5-$34.9M3-$156.7M3-$111.8M3
Interest$424.0K4$711.0K5$1.9M3$1.1M3$549.0K3
Income before tax-$157.8M3-$157.4M3
Income tax$04$05$03$03$100.0K3
Net income-$33.8M4-$44.5M5-$39.9M3-$157.8M3-$157.5M3
Earnings per share-$76.103-$81.113-$39.683
Earnings per share (diluted)-$76.103-$81.113-$39.683
Shares (weighted, basic)1.9M shares34.0M shares3
Shares (weighted, diluted)1.9M shares34.0M shares3

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Corporate structure

Eargo, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Eargo, Inc.

  • Eargo, Inc. San Jose, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Eargo, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$20.6M3 Dec 31, 2022$18.4M3 Dec 31, 2021+11.6%
Accumulated depreciation$13.1M3 Dec 31, 2022$8.9M3 Dec 31, 2021+47.7%
Property and equipment, net$7.4M3 Dec 31, 2022$9.6M3 Dec 31, 2021−22.1%
Operating-lease assets (leased space)$5.8M3 Dec 31, 2022$7.2M3 Dec 31, 2021−19.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$101.2M3 Dec 31, 2022$110.5M3 Dec 31, 2021−8.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$873.0K3 Dec 31, 2022$873.0K3 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$1.1M3 Dec 31, 2022$1.7M3 Dec 31, 2021−36.8%
Finite-lived intangibles, gross$2.0M3 Dec 31, 2022$2.0M5 Dec 31, 20210%
Accumulated amortization$927.0K3 Dec 31, 2022$309.0K5 Dec 31, 2021+200.0%
Finite-lived intangibles, net$1.1M3 Dec 31, 2022$1.7M5 Dec 31, 2021−36.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$5.0M3 Dec 31, 2022$5.7M3 Dec 31, 2021−11.8%
Raw materials$410.0K3 Dec 31, 2022$1.9M3 Dec 31, 2021−78.5%
Finished goods$4.6M3 Dec 31, 2022$3.8M3 Dec 31, 2021+21.5%

Leadership

Who has led Eargo, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christian Gormsen2020–2023
  2. William Brownie2023–2024

President

  1. Christian Gormsen2020–2023

Chief financial officer

  1. Adam Laponis2020–2023
  2. Mark Thorpe2024

Chief operating officer

  1. William Brownie2020–2024
2025
Board members and other officers (13)

Timeline

  1. Feb 16, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights25
  2. Feb 14, 20248-K Shareholder vote26
  3. Dec 22, 20238-K Executive or director change27
  4. Oct 30, 20238-K Other events28
  5. Oct 30, 20238-K Entered a material agreement29
  6. Aug 17, 2023New chief executive William Brownie becomes CEO8
  7. Aug 10, 20238-K Results of operations30
  8. Jun 27, 20238-K Exit or restructuring costs; Executive or director change31
  9. Jun 16, 20238-K Shareholder vote32
  10. Jun 9, 20238-K Executive or director change; Shareholder vote33
  11. May 11, 20238-K Results of operations34
  12. Mar 23, 20238-K Results of operations35
  13. Feb 6, 20238-K Listing notice or transfer; Regulation FD disclosure36
  14. Oct 15, 2020New chief executive Christian Gormsen becomes CEO9

Calendar

When it reported results

  1. Aug 10, 2023Reported quarterly or annual results30
  2. May 11, 2023Reported quarterly or annual results34
  3. Mar 23, 2023Reported quarterly or annual results35
  4. Nov 3, 2022Reported quarterly or annual results37
  5. Aug 8, 2022Reported quarterly or annual results38
  6. May 2, 2022Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

218 filings to the SEC since October 2021: 2 annual reports, 7 quarterly reports, 41 major events, 73 insider forms, 12 large holders, 83 other. The latest 20:

  1. Feb 26, 202415-12G EDGAR
  2. Feb 21, 2024S-8 POS EDGAR
  3. Feb 21, 2024S-8 POS EDGAR
  4. Feb 21, 2024S-8 POS EDGAR
  5. Feb 20, 20244 EDGAR
  6. Feb 20, 20244 EDGAR
  7. Feb 20, 20244 EDGAR
  8. Feb 20, 20244 EDGAR
  9. Feb 20, 20244 EDGAR
  10. Feb 20, 20244 EDGAR
  11. Feb 20, 20244 EDGAR
  12. Feb 20, 20244 EDGAR
  13. Feb 16, 2024RW EDGAR
  14. Feb 16, 2024SC 13D/A EDGAR
  15. Feb 16, 2024SC 13E3/A EDGAR
  16. Feb 16, 20248-K EDGAR
  17. Feb 14, 20248-K EDGAR
  18. Feb 7, 2024DEFA14A EDGAR
  19. Jan 16, 2024SC 13E3/A EDGAR
  20. Jan 16, 2024DEFM14A EDGAR

The 218 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

19 open-market trades by officers, directors and large owners since October 2021: 0 buys and 19 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 17, 2023Brownie WilliamInterim CEO & COOSale1,514$3.20$4.8KForm 4
Aug 17, 2023Laponis AdamChief Financial OfficerSale19$3.24$62Form 4
Aug 17, 2023Thorpe MarkCFO & CAOSale3$3.23$10Form 4
May 17, 2023Gormsen ChristianPresident and CEOSale58$4.69$272Form 4
May 17, 2023Brownie WilliamInterim CEO & COOSale14$4.69$66Form 4
May 17, 2023Laponis AdamChief Financial OfficerSale19$4.69$89Form 4
May 17, 2023Thorpe MarkCFO & CAOSale3$4.69$14Form 4
Feb 17, 2023Laponis AdamChief Financial OfficerSale21$7.37$155Form 4
Feb 17, 2023Thorpe MarkCFO & CAOSale4$7.42$30Form 4
Feb 17, 2023Brownie WilliamInterim CEO & COOSale15$7.37$111Form 4
Feb 17, 2023Gormsen ChristianPresident and CEOSale64$7.37$472Form 4
Nov 17, 2022Laponis AdamChief Financial OfficerSale687$0.52$357Form 4
Nov 17, 2022Gormsen ChristianPresident and CEOSale2,113$0.52$1.1KForm 4
Nov 17, 2022Thorpe MarkCFO & CAOSale86$0.51$44Form 4
Nov 17, 2022Brownie WilliamInterim CEO & COOSale484$0.52$252Form 4
Aug 16, 2022Brownie WilliamInterim CEO & COOSale25,750$1.32$34.0KForm 4
Aug 11, 2022Wu David JamesDirectorSale10,120$0.95$9.6KForm 4
Mar 14, 2022Richardson NinaDirectorSale3,886$3.52$13.7KForm 4
Dec 14, 2021Richardson NinaDirectorSale3,500$4.85$17.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Eargo, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREargo, Inc.1
  • CIK0001719395
  • Employer ID (EIN)27-38798041
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3842 Orthopedic, Prosthetic & Surgical Appliances & Supplies1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address2665 North First Street, Suite 300, San Jose, CA 951341
  • Phone650-351-77001
  • Shares outstanding20,762,389 as of Oct 30, 20237
  • Public float$22.6M as of Jun 30, 20223
  • On EDGAR sinceOct 16, 20171
  • Filings367 in all: 4 (125), 8-K (49), 3 (28), FWP (16), DEFA14A (15), SC 13D/A (12), 144 (11), 10-Q (10)1
    All 47 form types

    CORRESP (10), UPLOAD (9), S-1/A (6), SC 13D (5), SC 13E3/A (4), 10-K (3), 4/A (3), 424B3 (3), D (3), DEF 14A (3), DRS/A (3), DRSLTR (3), EFFECT (3), PRER14A (3), S-1 (3), S-8 (3), S-8 POS (3), SC 13G (3), SC 13G/A (3), SEC STAFF LETTER (3), 8-K/A (2), D/A (2), NT 10-Q (2), 15-12G (1), 25-NSE (1), 3/A (1), 424B4 (1), 8-A12B (1), ARS (1), CERT (1), DEFM14A (1), DRS (1), NT 10-K (1), PRE 14A (1), PREM14A (1), RW (1), S-1MEF (1), SC 13E3 (1), SD (1)

  • Latest filingsAnnual report (10-K) Mar 23, 2023
    Quarterly report (10-Q) Nov 7, 2023
    Proxy statement (DEF 14A) Apr 24, 2023
    Latest 8-K (8-K) Feb 16, 2024

Sources

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    SEC EDGAROther events
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