Energous Corporation (WATT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WATT SEC filings page.
Energous Corporation (WATT) reported $10.5M in revenue over the twelve months to Jun 30, 2026, up 430.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue scale improved sharply, but fixed operating costs still overwhelm gross profit and require recurring financing inflows.
The 2025 sales step-up converted near-zero gross profit into$2.0M , yet operating loss remained-$10.0M ; the bottleneck therefore shifted from product-level economics toward the still-large operating cost base. With operating cash flow at-$12.4M versus financing cash flow of$21.6M , expansion was accompanied by dependence on financing rather than internally generated cash.
The gross margin rebound from
The balance sheet moved from negative equity of
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Energous Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Energous Corporation held $10.4M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $12.4M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and Energous Corporation scores 30/100 among other emerging companies.
Energous Corporation had 6M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and Energous Corporation scores 78/100 among other emerging companies.
Energous Corporation spent $4.1M on research and development in fiscal year 2025, which was 26.4% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and Energous Corporation scores 58/100 among other emerging companies.
Energous Corporation reported revenue of $5.6M in fiscal year 2025, against $768K in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and Energous Corporation scores 94/100 among other emerging companies.
Energous Corporation's operations used $12.4M of cash in fiscal year 2025, against $17.6M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and Energous Corporation scores 63/100 among other emerging companies.
Energous Corporation's cash, cash equivalents and investments came to $10.4M at the end of fiscal year 2025, against $4.2M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and Energous Corporation scores 78/100 among other emerging companies.
Energous Corporation scores -26.24, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($62.6M) relative to total liabilities ($4.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Energous Corporation passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Energous Corporation reported a net loss of $9.6M while operations used $12.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Energous Corporation reported an operating loss of $10.0M against $200K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Energous Corporation generated $3.1M in revenue in Q2 2026. This represents an increase of 216.8% from the same quarter a year earlier. Against the prior quarter it is up 0.2%.
Energous Corporation's EBITDA was -$3.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 15.0% from the same quarter a year earlier. Against the prior quarter it is down 73.9%.
Energous Corporation reported -$2.9M in net income in Q2 2026. This represents a decrease of 4.4% from the same quarter a year earlier. Against the prior quarter it is down 75.8%.
Energous Corporation earned -$0.53 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 23.3%.
Cash & Balance Sheet
Energous Corporation recorded an outflow of $5.5M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 90.6% from the same quarter a year earlier. Against the prior quarter it is up 1.7%.
Energous Corporation held $31.2M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Energous Corporation's gross margin was 3.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 31.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 32.5 percentage points.
Energous Corporation's net profit margin was -94.2% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is down 40.5 percentage points. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Energous Corporation's ROE was -7.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 24.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.4 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Energous Corporation invested $1.1M in research and development in Q2 2026. This represents an increase of 3.2% from the same quarter a year earlier. Against the prior quarter it is up 11.9%.
Energous Corporation invested $235K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 1368.8% from the same quarter a year earlier. Against the prior quarter it is up 518.4%.
Not reported for Q2 2026.
WATT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.1M+216.8% | $3.1M+798.5% | $3.0M+610.3% | $1.3M+453.0% | $975K+2019.6% | $343K+435.9% | $428K+370.3% | $230K+36.1% |
| Cost of Revenue | $3.0M+370.2% | $2.0M+694.8% | $1.9M+767.6% | $814K+166.0% | $637K+422.1% | $250K+129.4% | $219K+2333.3% | $306K+537.5% |
| Gross Profit | $94K-72.2% | $1.1M+1077.4% | $1.1M+445.5% | $458K+702.6% | $338K+544.7% | $93K+306.7% | $209K+154.9% | -$76K-162.8% |
| R&D Expenses | $1.1M+3.2% | $1.0M-14.9% | $937K-45.8% | $897K-38.9% | $1.1M-52.2% | $1.2M-45.5% | $1.7M-27.7% | $1.5M-40.3% |
| SG&A Expenses | $1.5M+13.0% | $1.4M+55.1% | $1.1M-18.8% | $1.2M-0.8% | $1.3M-25.5% | $895K-55.1% | $1.3M-12.7% | $1.3M-26.1% |
| Operating Income | -$3.2M-14.9% | -$1.8M+48.9% | -$1.4M+59.2% | -$2.2M+38.8% | -$2.8M+40.2% | -$3.6M+45.8% | -$3.5M+23.6% | -$3.6M+29.5% |
| EBITDA | -$3.2M-15.0% | -$1.8M+49.2% | -$1.4M+59.5% | -$2.2M+38.7% | -$2.7M+40.5% | -$3.6M+46.1% | -$3.5M+23.8% | -$3.5M+29.8% |
| Interest Expense | $282K+182.0% | $190K-5.0% | -$104K-593.3% | $4K-60.0% | $100K+75.4% | $200K+35.1% | -$15K-109.3% | $10K-94.4% |
| Net Income | -$2.9M-4.4% | -$1.7M+50.8% | -$1.3M+67.9% | -$2.1M+38.1% | -$2.8M+34.5% | -$3.4M+49.0% | -$4.1M+10.3% | -$3.4M+17.1% |
| EPS (Basic) | -$0.53+77.4% | -$0.43+87.9% | $0.15+141.7% | -$1.31+91.3% | -$2.35-261.5% | -$3.55-219.8% | -$0.36+57.6% | -$14.98-1641.9% |
| EPS (Diluted) | -$0.53 | -$0.43 | $0.15+141.7% | -$1.31 | -$2.35 | -$3.55 | -$0.36 | -$14.98 |
| Diluted Shares (Avg) | 6M | 4M | N/A | 2M | 1M | 948,109 | N/A | 227,810 |
Not reported in any period shown, so not listed: Income Tax.
WATT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $45.4M+267.9% | $45.6M+240.8% | $16.7M+341.2% | $17.8M+351.6% | $12.3M+71.8% | $13.4M+2.2% | $3.8M-77.2% | $4.0M-79.8% |
| Current Assets | $43.8M+299.9% | $44.2M+272.0% | $15.3M+426.1% | $16.6M+481.6% | $11.0M+85.0% | $11.9M+1.7% | $2.9M-80.6% | $2.9M-84.0% |
| Cash & Equivalents | $31.2M+260.1% | $36.6M+263.0% | $10.4M+668.7% | $12.9M+788.9% | $8.7M+78.4% | $10.1M-5.3% | $1.4M-90.2% | $1.5M-91.2% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $2.5M+264.3% | $1.3M+95.2% | $1.5M+203.0% | $1.2M+67.8% | $687K+23.6% | $644K+3.4% | $498K+15.8% | $737K+269.2% |
| Accounts Receivable | $3.3M+392.9% | $3.2M+926.0% | $3.0M+3730.8% | $1.2M+716.4% | $663K+935.9% | $312K+1055.6% | $78K-23.5% | $152K+26.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.3M+48.5% | $2.8M-27.1% | $4.2M-12.9% | $4.1M+16.9% | $3.6M-14.6% | $3.9M-34.6% | $4.9M-5.9% | $3.5M-22.8% |
| Current Liabilities | $5.0M+83.2% | $2.4M-18.3% | $3.7M-25.0% | $3.4M-3.4% | $2.7M-31.7% | $2.9M-47.5% | $4.9M+5.4% | $3.5M-7.9% |
| Non-Current Liabilities | $300K-64.2% | $446K-53.5% | $589K | $715K | $839K+351.1% | $960K+160.2% | $0-100.0% | $0-100.0% |
| Total Equity | $40.1M+357.0% | $42.8M+350.3% | $12.5M+1260.4% | $13.7M+3062.7% | $8.8M+191.7% | $9.5M+32.7% | -$1.1M-109.4% | $434K-97.1% |
| Retained Earnings | -$414.6M-2.0% | -$411.7M-2.0% | -$410.0M-2.4% | -$408.7M-3.1% | -$406.6M-3.5% | -$403.8M-3.9% | -$400.4M-4.8% | -$396.3M-5.0% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
WATT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.3M-83.5% | -$5.6M-19.4% | -$2.4M+10.2% | -$2.5M+39.1% | -$2.9M+50.1% | -$4.7M+8.0% | -$2.7M+19.5% | -$4.0M+4.1% |
| Depreciation & Amortization | $42K+2.4% | $34K-24.4% | $28K-41.7% | $25K-50.0% | $41K-18.0% | $45K-6.3% | $48K-2.0% | $50K+4.2% |
| Stock-Based Compensation | $62K-36.1% | $50K-55.0% | N/A | $40K-69.0% | $97K-32.2% | $111K-72.5% | N/A | $129K-65.0% |
| Capital Expenditures | $235K+1368.8% | $38K+81.0% | $39K | $6K-90.8% | $16K-71.9% | $21K+2000.0% | $0-100.0% | $65K+41.3% |
| Free Cash Flow | -$5.5M-90.6% | -$5.6M-19.6% | -$2.4M+8.8% | -$2.5M+39.9% | -$2.9M+50.3% | -$4.7M+7.6% | -$2.7M+21.6% | -$4.1M+3.6% |
| Investing Cash Flow | -$235K-1368.8% | -$38K-81.0% | -$39K | -$6K+90.8% | -$16K+71.9% | -$21K-2000.0% | $0+100.0% | -$65K-41.3% |
| Financing Cash Flow | $103K-93.0% | $31.8M+137.0% | -$50K-101.9% | $6.7M+846.1% | $1.5M+4557.6% | $13.4M+624.3% | $2.6M+231.3% | $709K-20.0% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
WATT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.0%-31.6pp | 35.5%+8.4pp | 37.5%-11.3pp | 36.0%+69.0pp | 34.7% | 27.1%+97.4pp | 48.8%-41.3pp | -33.0%-104.6pp |
| Operating Margin | -103.4% | -59.9% | -47.1% | -172.3% | -285.1% | -1052.8% | -820.8% | -1557.0% |
| Net Margin | -94.2% | -53.7% | -43.6% | -166.1% | -285.9% | -981.3% | -964.7% | -1483.5% |
| Return on Equity | -7.3%+24.5pp | -3.9%+31.6pp | -10.6% | -15.4%+770.8pp | -31.8%+109.8pp | -35.4%+56.8pp | N/A | -786.2%-758.8pp |
| Return on Assets | -6.4%+16.2pp | -3.6%+21.5pp | -7.9%+100.9pp | -11.8%+74.5pp | -22.6%+36.7pp | -25.2%+25.2pp | -108.8%-81.2pp | -86.4%-65.4pp |
| Current Ratio | 8.79+4.8x | 18.54+14.5x | 4.19+3.6x | 4.88+4.1x | 4.03+2.5x | 4.07+2.0x | 0.60-2.6x | 0.81-3.9x |
| Debt-to-Equity | 0.13-0.3x | 0.07-0.3x | 0.34 | 0.30-7.8x | 0.41-1.0x | 0.41-0.4x | N/A | 8.10+7.8x |
| Asset Turnover | 0.070.0x | 0.070.0x | 0.18+0.1x | 0.070.0x | 0.08+0.1x | 0.030.0x | 0.11+0.1x | 0.060.0x |
| FCF Margin | -178.6% | -182.0% | -80.5% | -194.3% | -296.8% | -1367.1% | -626.6% | -1788.3% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Energous Corporation WATT | FY2025 | $5.6M | -$9.6M | N/A | $62.6M | 67/100 |
| Astrotech Corporation (DE) ASTC | FY2025 | $1.0M | -$13.8M | N/A | $15.0M | 59/100 |
| Focus Universal Inc. FCUV | FY2025 | $255K | -$4.8M | N/A | $4.0M | — |
| Electro-Sensors Inc ELSE | FY2025 | $10.1M | $306K | 3.0% | $27.3M | 57/100 |
| SOBR Safe, Inc. SOBR | FY2025 | $437K | -$9.0M | N/A | $2.2M | — |
Where Energous Corporation Ranks
Frequently Asked Questions
What is Energous Corporation's annual revenue?
Energous Corporation (WATT) reported $5.6M in total revenue for fiscal year 2025. This represents a 633.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Energous Corporation's revenue growing?
Energous Corporation (WATT) revenue grew by 633.1% year-over-year, from $768K to $5.6M in fiscal year 2025.
Is Energous Corporation profitable?
No, Energous Corporation (WATT) reported a net income of -$9.6M in fiscal year 2025.
What is Energous Corporation's EBITDA?
Energous Corporation (WATT) had EBITDA of -$9.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Energous Corporation's gross margin?
Energous Corporation (WATT) had a gross margin of 36.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Energous Corporation's return on equity (ROE)?
Energous Corporation (WATT) has a return on equity of -76.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Energous Corporation's free cash flow?
Energous Corporation (WATT) recorded an outflow of $12.5M in free cash flow during fiscal year 2025. This represents a 29.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Energous Corporation's operating cash flow?
Energous Corporation (WATT) recorded an outflow of $12.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Energous Corporation's total assets?
Energous Corporation (WATT) had $16.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Energous Corporation's capital expenditures?
Energous Corporation (WATT) invested $82K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Energous Corporation spend on research and development?
Energous Corporation (WATT) invested $4.1M in research and development during fiscal year 2025.
What is Energous Corporation's current ratio?
Energous Corporation (WATT) had a current ratio of 4.19 as of fiscal year 2025, which is generally considered healthy.
What is Energous Corporation's debt-to-equity ratio?
Energous Corporation (WATT) had a debt-to-equity ratio of 0.34 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Energous Corporation's return on assets (ROA)?
Energous Corporation (WATT) had a return on assets of -57.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Energous Corporation's P/E ratio?
Energous Corporation (WATT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $62.6M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Energous Corporation's price-to-sales ratio?
Energous Corporation (WATT) trades at 6.0x sales, its market capitalization divided by revenue of $10.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $62.6M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Energous Corporation's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Energous Corporation (WATT) held $10.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $12.4M over that year. Dividing the one by the other, the reported balance equals about 10 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Energous Corporation's Altman Z-Score?
Energous Corporation (WATT) has an Altman Z-Score of -26.24, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Energous Corporation's Piotroski F-Score?
Energous Corporation (WATT) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Energous Corporation's earnings high quality?
Energous Corporation (WATT) reported a net loss of $9.6M while operations used $12.4M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Energous Corporation cover its interest payments?
Energous Corporation (WATT) reported an operating loss of $10.0M against $200K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Energous Corporation?
Energous Corporation (WATT) scores 67 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.