WATT · Energous Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $1.99M | - | $814.0K | $637.0K | $250.0K | - | $306.0K | $122.0K | $109.0K | - |
| Gross Profit | $1.09M | - | $458.0K | $338.0K | ($45.0K) | - | - | - | - | - |
| R&D | $1.01M | - | $897.0K | $1.10M | $1.19M | - | $1.70M | $2.44M | $2.35M | - |
| SG&A | $1.39M | - | $1.25M | $1.29M | $895.0K | - | $1.02M | $1.59M | $1.83M | - |
| Total Operating Expenses | $2.94M | - | $3.50M | $4.58M | $6.62M | - | $3.81M | $4.70M | $6.73M | - |
| D&A | $34.0K | - | - | - | $45.0K | - | - | - | $48.0K | - |
| Operating Income | ($1.85M) | - | ($2.19M) | ($2.78M) | ($3.61M) | - | ($3.58M) | ($4.65M) | ($6.67M) | - |
| Interest Expense | - | - | $4.0K | $100.0K | $200.0K | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($1.66M) | - | ($2.11M) | ($2.79M) | ($3.37M) | - | ($3.41M) | ($4.26M) | ($6.60M) | - |
| EPS - Basic | ($0.43) | - | ($1.31) | ($2.40) | ($3.60) | - | ($15.00) | ($19.50) | ($33.30) | - |
| EPS - Diluted | ($0.43) | - | ($1.31) | ($2.40) | ($3.60) | - | ($15.00) | ($19.50) | ($33.30) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $36.60M | $10.40M | $12.90M | $8.66M | $10.09M | $1.35M | $1.45M | $4.86M | $10.65M | $13.94M |
| Accounts Receivable | $3.20M | $2.99M | $1.24M | $663.0K | $312.0K | $78.0K | $152.0K | $64.0K | $27.0K | $101.6K |
| Inventory | $1.26M | $1.51M | $1.24M | $687.0K | $644.0K | $498.0K | $737.0K | $556.0K | $623.0K | $429.6K |
| Accounts Payable | $907.0K | $954.0K | $1.28M | $772.0K | $1.28M | $1.85M | $1.54M | $1.80M | $1.53M | $1.88M |
| Current Assets | $44.21M | $15.32M | $16.58M | $10.96M | $11.88M | $2.91M | $2.85M | $5.93M | $11.68M | $15.01M |
| Total Assets | $45.59M | $16.74M | $17.84M | $12.34M | $13.38M | $3.79M | $3.95M | $7.18M | $13.09M | $16.68M |
| Current Liabilities | $2.38M | $3.65M | $3.40M | $2.72M | $2.92M | $4.87M | $3.52M | $3.99M | $5.57M | $4.62M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $2.83M | $4.24M | $4.11M | $3.56M | $3.88M | $4.87M | $3.52M | $4.17M | $5.94M | $5.18M |
| Stockholders' Equity | $42.76M | $12.50M | $13.73M | $8.77M | $9.50M | ($1.08M) | $434.0K | $3.01M | $7.16M | $11.50M |
| Retained Earnings | ($411.69M) | ($410.03M) | ($408.71M) | ($406.59M) | ($403.81M) | ($400.44M) | ($396.31M) | ($392.90M) | ($388.64M) | ($382.04M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($5.57M) | - | - | - | ($4.67M) | - | - | - | ($5.07M) | - |
| Investing Cash Flow | ($38.0K) | - | - | - | ($21.0K) | - | - | - | ($1.0K) | - |
| Financing Cash Flow | $31.81M | - | - | - | $13.42M | - | - | - | $1.85M | - |
| CapEx | $38.0K | - | - | - | $21.0K | - | - | - | $1.0K | - |
| Free Cash Flow | ($5.61M) | - | - | - | ($4.69M) | - | - | - | ($5.07M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 3.39 | - | - | - | 1.39 | - | - | - | 0.77 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.6% | - | -11.8% | -22.6% | -25.2% | - | -86.4% | -59.3% | -50.4% | - |
| Return on equity | -3.9% | - | -15.4% | -31.8% | -35.4% | - | -786.2% | -141.6% | -92.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 18.54 | 4.19 | 4.88 | 4.03 | 4.07 | 0.60 | 0.81 | 1.49 | 2.10 | 3.25 |
| Quick ratio | 18.01 | 3.78 | 4.52 | 3.77 | 3.85 | 0.50 | 0.60 | 1.35 | 1.99 | 3.15 |
| Cash ratio | 15.35 | 2.85 | 3.80 | 3.18 | 3.45 | 0.28 | 0.41 | 1.22 | 1.91 | 3.02 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | -547.8x | -27.8x | -18.1x | - | - | - | - | - |
| Equity multiplier | 1.07 | 1.34 | 1.30 | 1.41 | 1.41 | -3.52 | 9.10 | 2.39 | 1.83 | 1.45 |
| Liabilities / Assets | 0.06 | 0.25 | 0.23 | 0.29 | 0.29 | 1.28 | 0.89 | 0.58 | 0.45 | 0.31 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | 1.58 | - | 0.66 | 0.93 | 0.39 | - | 0.42 | 0.22 | 0.17 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 231d | - | 555d | 394d | 940d | - | 879d | 1663d | 2086d | - |
| Days payable outstanding | 167d | - | 574d | 442d | 1863d | - | 1835d | 5373d | 5130d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.4x | - | 0.9x | 33.3x | 24.5x | - | 279.2x | 71.1x | 50.7x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 48.9% | - | 38.8% | 40.2% | 45.8% | - | 29.5% | 24.1% | -5.9% | - |
| Net income growth (YoY) | 50.8% | - | 38.1% | 34.5% | 49.0% | - | 17.1% | -6.6% | 0.8% | - |
| EPS growth (YoY) | 88.1% | - | 91.3% | 87.7% | 89.2% | - | -1644.2% | -48650.0% | -36900.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -19.6% | - | - | - | 7.6% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 350.3% | - | 3062.7% | 191.7% | 32.7% | - | -97.1% | -83.2% | -66.5% | -53.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2020-12-31.
Product / service
$130.0K totalContract Services$130.0K · 100.0%
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing Energous Corp against the 5 most active filers in the same SIC group.