Energous Corp (WATT) Financial Statements
Industry: Radio & Tv Broadcasting & Communications Equipment
In fiscal 2025, Energous reported revenue of $5.6M, up 633.1% from $768,000 the year before. Net income was -$9.6M (a -170.4% net margin), or -$6.46 per diluted share. Gross margin was 36.0% and operating margin was -177.9%. Operating activities generated -$12.4M of cash, leaving -$12.5M of free cash flow. At fiscal year end, Energous held $16.7M in total assets against $4.2M in total liabilities, including $10.4M of cash and equivalents.
Open the full interactive Energous financials → Quarterly statements, key ratios, valuation history and price charts.
Energous Key Stats
| Share Price | $9.62 |
|---|---|
| Market Cap | $53.0M |
| Revenue YoY Growth | +633.1% |
| 52-Week Range | $3.76 – $35.33 |
| Shares Outstanding | 5.5 million (basic, 2026 Q2) |
Energous Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $327,350 | $756,793 | $851,321 | $474,184 | $768,000 | $5.6M |
| Cost of Goods Sold | $126,539 | $42.2M | $1.3M | $279,083 | $756,000 | $3.6M |
| Gross Profit | $200,811 | -$41.4M | -$426,244 | $195,101 | $12,000 | $2.0M |
| Operating Income | -$31.9M | -$41.4M | -$26.7M | -$22.1M | -$18.4M | -$10.0M |
| Pre-Tax Income | -$31.8M | -$41.4M | -$26.3M | -$19.4M | -$18.4M | -$9.6M |
| Income Tax | — | — | — | — | $0 | — |
| Net Income | -$31.8M | -$41.4M | -$26.3M | -$19.4M | -$18.4M | -$9.6M |
| Diluted EPS | -$456.00 | -$384.00 | -$204.00 | -$124.50 | -$77.10 | -$6.46 |
Energous Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.3M | $3.0M | $3.1M | $3.1M |
| Net Income | -$2.1M | -$1.3M | -$1.7M | -$2.9M |
| Diluted EPS | -$1.31 | -$0.89 | -$0.43 | -$0.53 |
Energous Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $50.7M | $49.1M | $26.3M | $13.9M | $1.4M | $10.4M |
| Current Assets | $51.4M | $50.2M | $27.4M | $15.0M | $2.9M | $15.3M |
| Total Assets | $53.1M | $51.4M | $29.8M | $16.7M | $3.8M | $16.7M |
| Current Liabilities | $3.5M | $4.3M | $3.8M | $4.6M | $4.9M | $3.7M |
| Total Liabilities | $4.1M | $4.4M | $5.1M | $5.2M | $4.9M | $4.2M |
| Shareholders' Equity | $49.1M | $47.0M | $24.6M | $11.5M | -$1.1M | $12.5M |
Energous Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$24.8M | -$28.7M | -$23.6M | -$19.2M | -$17.6M | -$12.4M |
| Cash From Investing | -$136,631 | -$365,735 | -$164,994 | -$187,078 | -$123,000 | -$82,000 |
| Cash From Financing | $54.0M | $27.4M | $1.0M | $7.1M | $5.1M | $21.6M |
| Free Cash Flow | -$24.9M | -$29.1M | -$23.8M | -$19.4M | -$17.7M | -$12.5M |
Figures from Energous' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Energous financials page for every line item.
Energous Company Profile
| Ticker | WATT |
|---|---|
| Exchange | Nasdaq |
| Industry | Radio & Tv Broadcasting & Communications Equipment |
| Headquarters | San Jose, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001575793 |
Frequently Asked Questions
What was Energous' revenue in fiscal 2025?
Energous (WATT) reported revenue of $5.6M for fiscal 2025.
What is Energous' annual revenue history?
Energous' annual revenue by fiscal year: 2020: $327,350; 2021: $756,793; 2022: $851,321; 2023: $474,184; 2024: $768,000; 2025: $5.6M.
What was Energous' net income in fiscal 2025?
Energous reported net income of -$9.6M for fiscal 2025.
What was Energous' earnings per share (EPS) in fiscal 2025?
Energous' diluted EPS was -$6.46 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Energous generate in fiscal 2025?
Energous generated -$12.5M of free cash flow in fiscal 2025.
What was Energous' revenue last quarter?
In its most recent reported quarter (2026 Q2), Energous reported revenue of $3.1M.
How many shares of Energous are outstanding?
Energous reported a weighted average of 5.5 million basic shares outstanding in 2026 Q2.
What is Energous' market cap?
Based on its latest closing price, Energous (WATT) has a market capitalization of about $53.0M.
When does Energous' fiscal year end?
Energous' fiscal year end, as registered with the SEC, is December 31.
Where is Energous headquartered?
Energous lists its business address in San Jose, California in its SEC filings.
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