NASDAQ · Financial Statements

Energous Corporation (WATT) Financial Statements

$8.78 NASDAQ: WATT Market Cap $48.53M

Energous Corporation most recently reported annual revenue of $6.0M, a net loss of $10.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Energous Corporation: Revenue rose from $1.0M in 2016 to $6.0M in 2025, a change of +500.0% over 9 years; net profit was positive in 0 of 10 reported years; operating margin moved from -3156.5% to -159.0%, a shift of +2997.5 percentage points; the most recent year shows a net loss of $10.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.0M$1.0M$1.0M$0$0$1.0M$1.0M$0$1.0M$6.0M
Operating Expenses$47.0M$51.0M$51.0M$39.0M$32.0M$42.0M$28.0M$23.0M$19.0M$15.0M
Operating Profit$-46.0M$-49.0M$-51.0M$-39.0M$-32.0M$-41.0M$-27.0M$-22.0M$-18.0M$-9.0M
Operating Margin-3156.5%-4279.7%-9892.6%-19390.1%-9744.7%-5474.8%-3134.7%-4660.6%-2397.1%-159.0%
Other Income$0$0$0$0$0$0$0$3.0M$0$-1.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$1.0M$1.0M$1.0M$1.0M$1.0M$0$0$0$0$0
Profit Before Tax$-46.0M$-49.0M$-51.0M$-38.0M$-32.0M$-41.0M$-26.0M$-19.0M$-18.0M$-10.0M
Tax$0$0$-180,000$0$0$0$0$0$0$0
Net Profit$-46.0M$-49.0M$-51.0M$-38.0M$-32.0M$-41.0M$-26.0M$-19.0M$-18.0M$-10.0M
EPS$-1560.00$-1386.00$-1196.88$-761.32$-458.68$-382.84$-203.46$-124.58$-77.16$-6.46
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$0$0$0$0$0$0$0$1.0M$1.0M$3.0M$3.0M$3.0M
Operating Expenses$5.0M$5.0M$7.0M$5.0M$4.0M$4.0M$4.0M$4.0M$3.0M$4.0M$5.0M$6.0M
Operating Profit$-5.0M$-5.0M$-7.0M$-5.0M$-4.0M$-4.0M$-4.0M$-3.0M$-2.0M$-1.0M$-2.0M$-3.0M
Operating Margin-3006.5%-5050.6%-10414.1%-10110.9%-1557.0%-820.8%-1052.8%-285.1%-172.3%-47.1%-59.9%-103.4%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-4.0M$-5.0M$-7.0M$-4.0M$-3.0M$-4.0M$-3.0M$-3.0M$-2.0M$-1.0M$-2.0M$-3.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-4.0M$-5.0M$-7.0M$-4.0M$-3.0M$-4.0M$-3.0M$-3.0M$-2.0M$-1.0M$-2.0M$-3.0M
EPS$-25.92$-25.45$-33.21$-19.53$-14.98$-13.36$-3.55$-2.35$-1.31$-0.60$-0.43$-0.53

Over the 10 years reported for Energous Corporation, cash stood at $10.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 3.75 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$35.0M$15.0M$22.0M$25.0M$53.0M$51.0M$30.0M$17.0M$4.0M$17.0M
Current Assets$33.0M$14.0M$21.0M$22.0M$51.0M$50.0M$27.0M$15.0M$3.0M$15.0M
Cash$31.0M$13.0M$20.0M$22.0M$51.0M$49.0M$26.0M$14.0M$1.0M$10.0M
Inventory$0$0$0$0$0$0$0$0$0$2.0M
Receivables$0$0$0$0$0$0$0$0$0$3.0M
Fixed Assets$2.0M$1.0M$1.0M$3.0M$2.0M$1.0M$2.0M$2.0M$1.0M$1.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$0
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$7.0M$4.0M$4.0M$6.0M$4.0M$4.0M$5.0M$5.0M$5.0M$4.0M
Current Liabilities$7.0M$4.0M$4.0M$4.0M$4.0M$4.0M$4.0M$5.0M$5.0M$4.0M
Borrowings$0$0$0$2.0M$1.0M$1.0M$2.0M$1.0M$1.0M$1.0M
Other Liabilities$7.0M$4.0M$4.0M$4.0M$3.0M$4.0M$3.0M$4.0M$3.0M$3.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$29.0M$12.0M$18.0M$19.0M$49.0M$47.0M$25.0M$11.0M$-1.0M$12.0M

For Energous Corporation, operating cash flow was positive in 0 of 10 reported years; free cash flow in the latest year was negative at $13.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-33.0M$-34.0M$-33.0M$-27.0M$-25.0M$-29.0M$-24.0M$-19.0M$-18.0M$-12.0M
Investing Cash Flow$-2.0M$-2.0M$-2.0M$0$0$-1.0M$0$0$0$0
Financing Cash Flow$1.0M$2.0M$2.0M$1.0M$0$0$0$0$0$0
Net Cash Flow$1.0M$-18.0M$7.0M$2.0M$29.0M$-2.0M$-23.0M$-12.0M$-13.0M$9.0M
Free Cash Flow$-34.0M$-35.0M$-33.0M$-27.0M$-25.0M$-29.0M$-24.0M$-19.0M$-18.0M$-13.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.01
EV / EBITDA-5.57
FCF Yield-21.86%
Quick Ratio8.28
Interest Coverage-45.59
Return 1Y36.57%
Return 3Y-88.42%
Return 5Y-98.82%

Energous Corporation (WATT) financials — frequently asked questions

What is Energous Corporation's annual revenue?

Energous Corporation (WATT) reported annual revenue of $6.0M in its most recent fiscal year.

What is Energous Corporation's net profit?

Energous Corporation (WATT) reported a net loss of $10.0M in its most recent fiscal year.

What is WATT EV/EBITDA?

Energous Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is -5.57. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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