WATT

MKT CAP:$38M

Energous Corporation

Market Cap

$38M

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NASDAQ

Technology·Hardware,·🇺🇸·NASDAQ

Stock Price

$23.53+$19.21 (+444.68%)

Apr 21, 2026

Company Details

Energous Corporation develops wireless charging solutions. The company develops WattUp wireless power technology that consists of semiconductor chipsets, software controls, hardware designs, and antennas that enables radio frequency-based c...

CEO

Mallorie Sara Burak

IPO Date

Mar 28, 2014

Website

www.energous.com

Key Metrics TTM

Revenue

$6M

+633.1% YoY

Net Income

-$10M

EPS (Diluted)

-$7.87

Free Cash Flow

-$15M

Revenue / Share

$2.59

Gross Margin

35.4%

Operating Margin

-177.9%

Net Margin

-170.4%

FCF Margin

-266.0%

P/S

6.8x

P/E

—

Earnings Reports

Q1 2026

May 12, 2026

PENDING

FY 2025

Mar 26, 2026

$6M+633.1%EPS -$6.46

Q4 2025

Mar 26, 2026

$3M+610.3%EPS -$0.61

Q3 2025

Nov 13, 2025

$1M+453.0%EPS -$1.31

Q2 2025

Jul 31, 2025

$975.0K+2019.6%EPS -$2.35

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$216.0K	$12.7K	-$7M
Q2 22	$233.0K	-$38.4K	-$7M
Q3 22	$223.2K	-$196.9K	-$6M
Q4 22	$179.2K	-$203.7K	-$6M
Q1 23	$97.0K	-$42.0K	-$6M
Q2 23	$117.0K	$34.0K	-$6M
Q3 23	$169.0K	$121.0K	-$5M
Q4 23	$91.0K	$82.0K	-$5M
Q1 24	$64.0K	-$45.0K	-$7M
Q2 24	$46.0K	-$76.0K	-$5M
Q3 24	$230.0K	-$76.0K	-$4M
Q4 24	$428.0K	$209.0K	-$4M
Q1 25	$343.0K	$93.0K	-$4M
Q2 25	$975.0K	$338.0K	-$3M
Q3 25	$1M	$450.0K	-$2M
Q4 25	$3M	$1M	-$1M

Valuation

Quarter	P/S	P/E
Q1 22	3374.0x	—
Q2 22	2668.6x	—
Q3 22	2721.0x	—
Q4 22	2427.0x	—
Q1 23	1943.5x	—
Q2 23	1191.3x	—
Q3 23	457.6x	—
Q4 23	622.5x	—
Q1 24	809.6x	—
Q2 24	604.0x	—
Q3 24	294.4x	—
Q4 24	740.5x	—
Q1 25	278.4x	—
Q2 25	147.7x	—
Q3 25	92.5x	—
Q4 25	1.2x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$6M	-$6M
Q2 22	-$7M	-$7M
Q3 22	-$5M	-$5M
Q4 22	-$5M	-$5M
Q1 23	-$5M	-$5M
Q2 23	-$6M	-$6M
Q3 23	-$4M	-$4M
Q4 23	-$3M	-$3M
Q1 24	-$5M	-$5M
Q2 24	-$6M	-$6M
Q3 24	-$4M	-$4M
Q4 24	-$3M	-$3M
Q1 25	-$5M	-$5M
Q2 25	-$3M	-$3M
Q3 25	-$2M	-$2M
Q4 25	-$5M	-$5M

Capital Expenditures

Quarter	CapEx
Q1 22	$44.5K
Q2 22	$68.0K
Q3 22	$14.7K
Q4 22	$37.8K
Q1 23	$0
Q2 23	$51.0K
Q3 23	$46.0K
Q4 23	$89.8K
Q1 24	$1.0K
Q2 24	$57.0K
Q3 24	$65.0K
Q4 24	$0
Q1 25	$21.0K
Q2 25	$16.0K
Q3 25	$6.0K
Q4 25	$45.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+48.9%	-15.0%
Q2 22	+26.0%	-34.9%
Q3 22	+10.8%	-50.0%
Q4 22	-20.5%	-32.2%
Q1 23	-55.1%	-13.3%
Q2 23	-49.8%	-14.4%
Q3 23	-24.3%	-17.1%
Q4 23	-49.2%	-28.3%
Q1 24	-34.0%	+5.3%
Q2 24	-60.7%	-24.8%
Q3 24	+36.1%	-27.4%
Q4 24	+370.3%	-15.9%
Q1 25	+435.9%	-41.2%
Q2 25	+2019.6%	-20.1%
Q3 25	+453.0%	-9.1%
Q4 25	+610.3%	+13.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$796.9K	369.0%
Q2 22	$663.8K	284.9%
Q3 22	$698.2K	312.8%
Q4 22	$0	0.0%
Q1 23	$522.0K	538.1%
Q2 23	$504.0K	430.8%
Q3 23	$369.0K	218.3%
Q4 23	$283.1K	311.1%
Q1 24	$404.0K	631.3%
Q2 24	$143.0K	310.9%
Q3 24	$129.0K	56.1%
Q4 24	$0	0.0%
Q1 25	$111.0K	32.4%
Q2 25	$97.0K	9.9%
Q3 25	$40.0K	3.1%
Q4 25	$33.0K	1.1%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$4M	$2M	$2M	—
Q2 22	$3M	$2M	$1M	—
Q3 22	$3M	$2M	$1M	—
Q4 22	$3M	$2M	$1M	—
Q1 23	$3M	$2M	$1M	—
Q2 23	$3M	$2M	$1M	—
Q3 23	$2M	$2M	$774.0K	—
Q4 23	$2M	$2M	$778.0K	—
Q1 24	$2M	$2M	$873.0K	—
Q2 24	$2M	$2M	$819.0K	—
Q3 24	$2M	$1M	$699.0K	—
Q4 24	$2M	$1M	$675.0K	—
Q1 25	$1M	$895.0K	$589.0K	—
Q2 25	$1M	$1M	$704.0K	—
Q3 25	$897.0K	$1M	$499.0K	—
Q4 25	$937.0K	—	—	$2M

Revenue Segments

Quarter	Product Development Projects Revenue
Q1 22	$216.0K
Q2 22	$233.0K
Q3 22	$223.2K
Q4 22	$179.2K
Q1 23	$96.7K
Q2 23	$117.1K
Q3 23	$168.7K
Q4 23	$91.7K
Q2 24	$46.0K
Q2 25	$1M
Q3 25	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$43M	$0	$43M
Q2 22	$36M	$0	$36M
Q3 22	$30M	$0	$30M
Q4 22	$26M	$0	$26M
Q1 23	$26M	$0	$26M
Q2 23	$20M	$0	$20M
Q3 23	$17M	$0	$17M
Q4 23	$14M	$0	$14M
Q1 24	$11M	$0	$11M
Q2 24	$5M	$0	$5M
Q3 24	$1M	$0	$1M
Q4 24	$1M	$0	$1M
Q1 25	$10M	$0	$10M
Q2 25	$9M	$0	$9M
Q3 25	$13M	$0	$13M
Q4 25	$10M	$0	$10M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	128K	+5.5%	+25.0%
Q2 22	128K	+0.3%	+24.2%
Q3 22	129K	+0.6%	+23.1%
Q4 22	130K	+0.9%	+7.3%
Q1 23	136K	+4.0%	+5.8%
Q2 23	152K	+12.1%	+18.3%
Q3 23	159K	+4.4%	+22.7%
Q4 23	181K	+14.0%	+38.7%
Q1 24	199K	+9.8%	+46.5%
Q2 24	218K	+9.7%	+43.3%
Q3 24	228K	+4.5%	+43.5%
Q4 24	452K	+98.6%	+150.1%
Q1 25	947K	+109.5%	+377.1%
Q2 25	1M	+25.3%	+445.0%
Q3 25	2M	+35.7%	+607.6%
Q4 25	2M	+35.1%	+381.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$4.5K	48
Q2 22	$4.9K	48
Q3 22	$4.7K	48
Q4 22	$4.2K	43
Q1 23	$2.3K	43
Q2 23	$2.7K	43
Q3 23	$3.9K	43
Q4 23	$2.5K	37
Q1 24	$1.7K	37
Q2 24	$1.2K	37
Q3 24	$6.2K	37
Q4 24	$16.5K	26
Q1 25	$13.2K	26
Q2 25	$37.5K	26
Q3 25	$48.9K	26
Q4 25	$112.6K	27

Revenue / Employee