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Financials · WATT

Energous Corporation (WATT) financials

For the twelve months ended Jun 30, 2026, Energous Corporation reported $10.48M of revenue and -$8.01M of net income.

Revenue, TTM
$10.48M
Revenue growth, YoY
+430.5%
Net income, TTM
-$8.01M
Net margin
-76.4%
Free cash flow, TTM
-$16.05M
Cash
$31.19M
P/S
3.98
Market cap
$41.7M
Annual revenue$5.63M
FY2016FY2025
Annual net income-$9.59M
FY2016FY2025
Annual free cash flow-$12.50M
FY2016FY2025

WATT revenue and earnings growth

WATT revenueQ2 2026$3.09M

Quarter YoY
+216.8%
QoQ
+0.2%
FY YoY
+633.1%
5Y CAGR
+76.6%
10Y CAGR
+8.5%

WATT revenue was $3.09M in fiscal Q2 2026 (ended Jun 30, 2026), up 216.8% from a year earlier and up 0.2% from the prior quarter. For the full fiscal 2025 it was $5.63M, up 633.1% from fiscal 2024. Compound annual growth was +76.6% over 5 years and +8.5% over 10 years. It rose in 5 of the last 10 fiscal years. Fiscal 2025 is the highest of the 13 fiscal years on file.

WATT net incomeQ2 2026-$2.91M

WATT net income was -$2.91M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.79M a year earlier. For the full fiscal 2025 it was -$9.59M, compared with -$18.40M in fiscal 2024.

WATT EPSQ2 2026-$0.53

WATT diluted EPS was -$0.53 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$6.46.

WATT free cash flowQ2 2026-$5.52M

WATT free cash flow was -$5.52M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$2.89M a year earlier. For the full fiscal 2025 it was -$12.50M, compared with -$17.70M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$5.63M$768.0K$474.0K$851.3K$756.8K$327.4K$200.1K$514.8K$1.15M$1.45M
Cost of revenue$3.60M$756.0K$279.0K$1.28M-$126.5K----
Gross profit$2.03M$12.0K$195.0K-$426.2K-$200.8K----
Research and development$4.13M$7.69M$10.81M$12.50M$20.57M$17.07M$23.23M$32.87M$33.23M$32.83M
Selling, general and admin$4.50M$6.29M$7.27M$8.08M$9.00M$9.15M$10.36M$12.39M$12.10M$11.25M
Operating income-$10.02M-$18.41M-$22.10M-$26.69M-$41.43M-$31.90M-$38.81M-$50.93M-$49.39M-$45.83M
Pre-tax income-$9.59M-$18.40M--------
Income tax-$0$0-------
Net income-$9.59M-$18.40M-$19.37M-$26.28M-$41.43M-$31.83M-$38.40M-$50.84M-$49.38M-$45.82M
EPS, basic-$6.46-$77.16-$124.50-$203.40-$384.00-$456.00-$762.00-$1194.00-$1386.00-$1560.00
EPS, diluted-$6.46-$77.16-$124.50-$203.40-$384.00-$456.00-$762.00-$1194.00-$1386.00-$1560.00
Diluted shares1.5M238,453155,453.133129,143.167108,210.87369,399.8650,437.73742,477.11735,571.66829,415.022

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$10.40M$1.35M$13.88M$26.29M$49.07M$50.73M$21.68M$20.11M$12.80M$31.26M
Receivables$2.99M$78.0K$102.0K$143.4K$283.6K$75.8K$63.1K$44.5K$0$149.5K
Inventory$1.51M$498.0K$430.0K$105.8K------
Current assets$15.32M$2.91M$15.01M$27.36M$50.23M$51.44M$22.20M$20.79M$13.90M$32.86M
Total assets$16.74M$3.79M$16.68M$29.75M$51.37M$53.14M$24.88M$22.01M$15.41M$35.26M
Current liabilities$3.65M$4.87M$4.62M$3.84M$4.35M$3.51M$4.47M$3.64M$3.65M$6.71M
Short-term debt$88.0K$818.0K--------
Total liabilities$4.24M$4.87M$5.18M$5.11M$4.39M$4.09M$5.87M$3.64M--
Shareholders' equity$12.50M-$1.08M$11.50M$24.64M$46.98M$49.05M$19.01M$18.37M$11.76M$28.55M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$12.42M-$17.57M-$19.25M-$23.64M-$28.72M-$24.79M-$26.62M-$32.53M-$34.43M-$33.06M
Capital expenditures$82.0K$123.0K$187.0K$165.0K$365.7K$136.6K$196.2K$859.8K$817.4K$1.14M
Free cash flow-$12.50M-$17.70M-$19.44M-$23.80M-$29.09M-$24.93M-$26.82M-$33.39M-$35.25M-$34.20M
Investing cash flow-$82.0K-$123.0K-$187.0K-$165.0K-$365.7K-$136.6K-$196.2K-$859.8K-$814.6K-$1.14M
Financing cash flow$21.55M$5.11M$7.08M$1.02M$27.43M$53.97M$28.39M$40.70M$16.78M$35.59M
Stock-based compensation$281.0K$799.0K$1.68M$2.92M$11.93M$7.90M$10.65M$16.75M$15.80M$9.51M
Depreciation and amortization$139.0K$196.0K$187.0K$246.2K$258.2K$356.3K$781.2K$1.05M$1.31M$957.8K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY633.1%62.0%-44.3%12.5%131.2%63.6%-61.1%-55.4%-20.5%-41.9%
Gross margin36.0%1.6%41.1%-50.1%-61.3%----
Operating margin-177.9%-2397.1%-4662.2%-3134.7%-5474.8%-9744.7%-19390.1%-9892.6%-4279.7%-3156.5%
Net margin-170.4%-2395.6%-4085.9%-3086.4%-5474.1%-9724.2%-19185.8%-9875.3%-4278.7%-3155.6%
Free cash flow margin-222.1%-2304.2%-4100.4%-2795.9%-3843.3%-7615.1%-13399.1%-6485.1%-3054.4%-2355.4%
Return on equity-76.8%--168.4%-106.6%-88.2%-64.9%-202.0%-276.7%-419.9%-160.5%
Return on assets-57.3%-484.8%-116.1%-88.3%-80.6%-59.9%-154.3%-231.0%-320.5%-129.9%
Current ratio4.190.603.257.1211.5614.654.975.713.814.90

Source: XBRL data Energous Corporation files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-20, first reported Nov 14, 2023; 1-for-30, first reported Nov 13, 2025.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

WATT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
WATT$10.48M+430.5%-$8.01M-76.4%$41.7M
QCOM$43.12B-2.6%$13.63B31.6%$176.99B
MSI$12.60B+11.4%$2.08B16.5%$85.07B
NOK€19.89B+3.5%€651.00M3.3%$43.99B
UI$3.57B+29.4%$1.07B30.1%$35.87B
ERICSEK 236.68B-4.5%SEK 28.43B12.0%$34.57B
PL$378.28M+44.1%-$359.87M-95.1%$4.56B
ONDS$174.10M+979.3%$167.06M96.0%$3.11B
VISN$1.63B+10.9%$8.19B504.0%$1.27B

WATT FAQ

8 questions
  • What is WATT revenue?
    Energous Corporation (WATT) reported $10.48M of revenue for the twelve months ended Jun 30, 2026. That is up 430.5% from the year before. Revenue for fiscal 2025 was $5.63M.
  • Is WATT profitable?
    No. Energous Corporation reported a net loss of $8.01M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does WATT have?
    Energous Corporation reported $31.19M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is WATT revenue growing?
    Energous Corporation's revenue changed +633.1% in fiscal 2025, to $5.63M. Its compound annual growth rate was +76.6% over 5 years and +8.5% over 10 years.
  • What is WATT gross margin?
    Energous Corporation's gross profit was $2.79M on $10.48M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 26.6%.
  • What is WATT free cash flow?
    Energous Corporation generated -$16.05M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$15.73M less capital expenditures.
  • When did WATT last report financial results?
    The latest statements here come from Energous Corporation's 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this WATT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Energous Corporation files with the SEC. It is provided for information only and is not investment advice.