NASDAQ : WATT
Energous Corporation — Financial statements
Technology · Communication Equipment · United States
Last price 9.16 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 50.63M
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Financial statements
Energous Corporation (WATT) reported revenue of 10.48M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 10.48M | 5.63M | 768.00K | 474.00K | 851.32K | 756.79K |
| Cost of Revenue | 7.70M | 3.60M | 756.00K | 279.00K | 1.28M | |
| Gross Profit | 2.79M | 2.03M | 12.00K | 195.00K | -426.24K | 756.79K |
| Selling, General & Admin | 7.39M | 6.85M | 9.36M | 11.12M | 12.96M | 17.60M |
| Research & Development | 3.98M | 4.13M | 7.69M | 10.81M | 12.50M | 20.57M |
| Operating Expenses | 11.37M | 10.98M | 17.05M | 21.93M | 25.46M | 38.17M |
| Operating Income | -8.59M | -8.95M | -17.03M | -21.74M | -25.89M | -37.42M |
| Interest & Investment Income | 667.00K | 166.00K | 809.00K | 411.06K | 5.49K | |
| Other Non Operating Income (Expenses) | -10.00K | -404.00K | 231.00K | 1.92M | ||
| EBT Excluding Unusual Items | -7.93M | -9.19M | -16.80M | -19.01M | -25.48M | -37.41M |
| Asset Writedown | -1.00K | |||||
| Other Unusual Items | -77.00K | -403.00K | -1.60M | -359.00K | -798.39K | -4.02M |
| Pretax Income | -8.01M | -9.59M | -18.40M | -19.37M | -26.28M | -41.43M |
| Net Income | -8.01M | -9.59M | -18.40M | -19.37M | -26.28M | -41.43M |
| Net Income to Common | -8.01M | -9.59M | -18.40M | -19.37M | -26.28M | -41.43M |
| Shares Outstanding (Basic) | 3.30M | 1.49M | 238.45K | 155.45K | 129.14K | 108.21K |
| Shares Outstanding (Diluted) | 3.30M | 1.49M | 238.45K | 155.45K | 129.14K | 108.21K |
| EPS (Basic) | -2.43 | -6.46 | -77.16 | -124.58 | -203.46 | -382.84 |
| EPS (Diluted) | -2.43 | -6.46 | -77.16 | -124.58 | -203.46 | -382.84 |
| Free Cash Flow | -16.05M | -12.50M | -17.70M | -19.44M | -23.80M | -29.09M |
| Free Cash Flow Per Share | -4.86 | -8.42 | -74.21 | -125.03 | -184.31 | -268.79 |
| Gross Margin | 26.59% | 36.04% | 1.56% | 41.14% | -50.07% | 100.00% |
| Operating Margin | -81.90% | -158.99% | -2,217.84% | -4,586.50% | -3,040.91% | -4,943.97% |
| Profit Margin | -76.37% | -170.39% | -2,395.57% | -4,085.86% | -3,086.41% | -5,474.06% |
| Free Cash Flow Margin | -153.06% | -222.06% | -2,304.17% | -4,100.42% | -2,795.86% | -3,843.34% |
| EBITDA | -8.46M | -8.81M | -16.84M | -21.55M | -25.64M | -37.16M |
| EBITDA Margin | -80.67% | -156.52% | ||||
| D&A For EBITDA | 129.00K | 139.00K | 196.00K | 187.00K | 246.16K | 258.25K |
| EBIT | -8.59M | -8.95M | -17.03M | -21.74M | -25.89M | -37.42M |
| EBIT Margin | -81.90% | -158.99% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 31.19M | 10.40M | 1.35M | 13.88M | 26.29M | 49.07M |
| Cash & Short-Term Investments | 31.19M | 10.40M | 1.35M | 13.88M | 26.29M | 49.07M |
| Receivables | 3.27M | 2.99M | 78.00K | 102.00K | 143.35K | 283.60K |
| Inventory | 2.50M | 1.51M | 498.00K | 430.00K | 105.82K | |
| Prepaid Expenses | 360.00K | 189.00K | 624.00K | 356.00K | 827.55K | 874.89K |
| Restricted Cash | 60.00K | |||||
| Other Current Assets | 6.53M | 233.00K | 359.00K | 183.00K | ||
| Total Current Assets | 43.85M | 15.32M | 2.91M | 15.01M | 27.36M | 50.23M |
| Property, Plant & Equipment | 1.17M | 1.17M | 883.00K | 1.67M | 2.39M | 1.13M |
| Other Long-Term Assets | 371.00K | 252.00K | 11.99K | |||
| Total Assets | 45.38M | 16.74M | 3.79M | 16.68M | 29.75M | 51.37M |
| Accounts Payable | 2.27M | 954.00K | 1.85M | 1.88M | 900.76K | 1.21M |
| Accrued Expenses | 1.81M | 2.06M | 1.16M | 1.39M | 2.21M | 2.50M |
| Short-Term Debt | 307.00K | 88.00K | 818.00K | |||
| Current Portion of Leases | 539.00K | 491.00K | 668.00K | 707.00K | 705.89K | 628.31K |
| Current Unearned Revenue | 64.00K | 27.00K | 13.00K | 27.00K | 29.73K | 13.36K |
| Other Current Liabilities | 32.00K | 358.00K | 620.00K | |||
| Total Current Liabilities | 4.99M | 3.65M | 4.87M | 4.62M | 3.84M | 4.35M |
| Long-Term Leases | 300.00K | 589.00K | 557.00K | 1.26M | 40.41K | |
| Total Liabilities | 5.29M | 4.24M | 4.87M | 5.18M | 5.11M | 4.39M |
| Common Stock | 1.00K | 1.00K | 1.00K | 1.00K | 789.00 | 767.00 |
| Additional Paid-In Capital | 454.69M | 422.53M | 399.36M | 393.54M | 387.32M | 383.38M |
| Retained Earnings | -414.60M | -410.03M | -400.44M | -382.04M | -362.68M | -336.40M |
| Shareholders' Equity | 40.09M | 12.50M | -1.08M | 11.50M | 24.65M | 46.98M |
| Total Liabilities & Equity | 45.38M | 16.74M | 3.79M | 16.68M | 29.75M | 51.37M |
| Total Debt | 1.15M | 1.17M | 1.49M | 1.26M | 1.97M | 668.72K |
| Net Cash (Debt) | 30.05M | 9.23M | -133.00K | 12.61M | 24.32M | 48.40M |
| Net Cash Per Share | 9.10 | 6.22 | -0.56 | 81.13 | 188.30 | 447.30 |
| Filing Date Shares Outstanding | 5.53M | 5.50M | 1.01M | 202.76K | 151.72K | 128.39K |
| Total Common Shares Outstanding | 5.53M | 2.20M | 452.53K | 182.37K | 131.57K | 127.78K |
| Working Capital | 38.86M | 11.66M | -1.96M | 10.39M | 23.52M | 45.88M |
| Book Value Per Share | 7.25 | 5.68 | -2.38 | 63.05 | 187.31 | 367.70 |
| Tangible Book Value | 40.09M | 12.50M | -1.08M | 11.50M | 24.65M | 46.98M |
| Tangible Book Value Per Share | 7.25 | 5.68 | -2.38 | 63.05 | 187.31 | 367.70 |
| Machinery | 2.04M | 1.77M | 2.75M | 2.77M | 2.63M | 2.70M |
| Leasehold Improvements | 424.00K | 424.00K | 783.00K | 783.00K | 782.54K | 782.54K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -8.01M | -9.59M | -18.40M | -19.37M | -26.28M | -41.43M |
| Depreciation & Amortization | 129.00K | 139.00K | 196.00K | 187.00K | 976.61K | 932.55K |
| Loss (Gain) From Sale of Assets | -1.00K | |||||
| Stock-Based Compensation | 185.00K | 281.00K | 894.00K | 1.68M | 2.92M | 11.93M |
| Provision & Write-off of Bad Debts | -13.00K | 40.74K | 10.85K | |||
| Other Operating Activities | -1.00K | -217.00K | 51.00K | -1.76M | ||
| Change in Accounts Receivable | -2.60M | -2.91M | 24.00K | 54.00K | 99.51K | -218.60K |
| Change in Inventory | -1.82M | -1.01M | -68.00K | -491.00K | -105.82K | |
| Change in Accounts Payable | 1.50M | -898.00K | -27.00K | 979.00K | -305.19K | 109.12K |
| Change in Unearned Revenue | 54.00K | 14.00K | -14.00K | -3.00K | 16.36K | 1.36K |
| Change in Other Net Operating Assets | -5.16M | 1.77M | -231.00K | -517.00K | -1.00M | -59.57K |
| Operating Cash Flow | -15.73M | -12.42M | -17.57M | -19.25M | -23.64M | -28.72M |
| Capital Expenditures | -318.00K | -82.00K | -123.00K | -187.00K | -164.99K | -365.74K |
| Investing Cash Flow | -318.00K | -82.00K | -123.00K | -187.00K | -164.99K | -365.74K |
| Short-Term Debt Issued | 801.00K | |||||
| Total Debt Issued | 801.00K | |||||
| Short-Term Debt Repaid | -873.00K | -269.00K | ||||
| Total Debt Repaid | -114.00K | -873.00K | -269.00K | |||
| Net Debt Issued (Repaid) | -114.00K | -873.00K | 532.00K | |||
| Issuance of Common Stock | 38.80M | 22.76M | 4.93M | 7.08M | 1.02M | 27.43M |
| Other Financing Activities | -113.00K | -338.00K | -348.00K | |||
| Financing Cash Flow | 38.58M | 21.55M | 5.11M | 7.08M | 1.02M | 27.43M |
| Net Cash Flow | 22.53M | 9.05M | -12.58M | -12.35M | -22.78M | -1.66M |
| Free Cash Flow | -16.05M | -12.50M | -17.70M | -19.44M | -23.80M | -29.09M |
| Free Cash Flow Margin | -153.06% | -222.06% | -2,304.17% | -4,100.42% | -2,795.86% | -3,843.34% |
| Free Cash Flow Per Share | -4.86 | -8.42 | -74.21 | -125.03 | -184.31 | -268.79 |
| Levered Free Cash Flow | -13.53M | -8.93M | -10.63M | -11.19M | -12.95M | -10.30M |
| Unlevered Free Cash Flow | -13.53M | -8.93M | -10.63M | -11.19M | -12.95M | -10.30M |
| Cash Interest Paid | 11.00K | 277.00K | 140.00K | |||
| Change in Working Capital | -8.03M | -3.03M | -316.00K | 22.00K | -1.30M | -167.69K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 47.70M | 8.68M | 12.49M | 9.53M | 65.28M | 94.26M |
| Enterprise Value | 17.65M | -2.91M | 11.81M | -5.61M | 37.07M | 66.74M |
| Last Close Price | 9.16 | 3.99 | 30.30 | 54.90 | 501.60 | 750.00 |
| PS Ratio | 4.70 | 1.54 | 16.27 | 20.12 | 76.68 | 124.55 |
| PB Ratio | 1.26 | 0.69 | -11.60 | 0.83 | 2.65 | 2.01 |
| P/TBV Ratio | 1.23 | 0.69 | 0.83 | 2.65 | 2.01 | |
| EV/Sales Ratio | 1.84 | 15.37 | 43.54 | 88.19 | ||
| Debt / Equity Ratio | 0.03 | 0.09 | -1.38 | 0.11 | 0.08 | 0.01 |
| Net Debt / Equity Ratio | -0.75 | -0.74 | -0.12 | -1.10 | -0.99 | -1.03 |
| Net Debt / EBITDA Ratio | 3.55 | 1.05 | -0.01 | 0.58 | 0.95 | 1.30 |
| Net Debt / FCF Ratio | 1.87 | 0.74 | -0.01 | 0.65 | 1.02 | 1.66 |
| Asset Turnover | 0.36 | 0.55 | 0.07 | 0.02 | 0.02 | 0.01 |
| Inventory Turnover | 4.83 | 3.59 | 1.63 | 1.04 | ||
| Quick Ratio | 6.90 | 3.66 | 0.29 | 3.02 | 6.88 | 11.36 |
| Current Ratio | 8.79 | 4.19 | 0.60 | 3.25 | 7.12 | 11.56 |
| Return on Equity (ROE) | -32.77% | -167.99% | -353.09% | -107.17% | -73.36% | -86.27% |
| Return on Assets (ROA) | -18.59% | -54.48% | -104.01% | -58.53% | -39.89% | -44.75% |
| Return on Capital Employed (ROCE) | -21.30% | -68.40% | 1,581.50% | -180.30% | -99.90% | -79.60% |
| Earnings Yield | -28.11% | -110.53% | -147.28% | -203.12% | -40.25% | -43.95% |
| FCF Yield | -32.54% | -144.05% | -141.66% | -203.84% | -36.46% | -30.86% |
| Buyback Yield / Dilution | -393.66% | -522.81% | -53.39% | -20.37% | -19.34% | -55.92% |