Saturday 17 October 2026 Export WATT’s income statement to Excel — free account

Energous Corporation

Energous Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.6 million, up 633.1% from fiscal 2024. In the quarter to June 2026, revenue grew 216.8%, EPS grew 77.9%, free cash flow fell 90.6% and total debt fell 12.3%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

8.59 0.36 −4.02%

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Market cap: $49.5M
P/E: 0.0×
Fwd P/E: −12.6×
Dividend yield: —
F-score: 5/9
Altman Z: −34.25
Beneish M: 7.56
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	1	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 7.23%

Capital & Financial Ratios $m

Market Cap 49.47

Revenue 10.48

Net Income (8.01)

Free Cash Flow (16.04)

Net Debt (30.88)

Current Ratio 8.79

Debt/Equity 0.01

P/E ratio 0.00

Fwd P/E (12.60)

P/S ratio 4.51

P/B ratio 1.18

Past 5Y EPS Growth —

This Y EPS Growth 44.58%

Next Y EPS Growth 120.11%

Next Y revenue growth 167.67%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 6.49%

10-year low 10-year high

P/B against its own 10 years 15.42%

10-year low 10-year high

EV/Sales against its own 10 years 4.31%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	14	1	10	31
Receivables	0	0	3	3
Inventory	0	0	2	3
Other	—	—	—	—
	15	3	15	44

	2023	2024	2025	Q'26
Payables	2	2	1	2
ST’ Debt	—	1	0	0
Other	1	0	—	—
	5	5	4	5

Compound Annual Growth %

	10y	5y	3y
Sales	8.46%	76.64%	87.70%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	(8.16%)	(23.93%)	(20.26%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	3	3	—	—	—
’25	0	1	1	3	6
’24	0	0	0	0	1
’23	0	0	0	0	0
’22	0	0	0	0	1
’21	0	0	0	0	1
’20	0	0	0	0	0

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(6)	(5)	—	—	—
’25	(5)	(3)	(2)	(2)	(12)
’24	(5)	(6)	(4)	(3)	(18)
’23	(5)	(6)	(4)	(3)	(19)
’22	(6)	(7)	(5)	(5)	(24)
’21	(6)	(7)	(10)	(6)	(29)
’20	(7)	(6)	(6)	(5)	(25)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(6)	(6)	—	—	—
’25	(5)	(3)	(2)	(2)	(13)
’24	(5)	(6)	(4)	(3)	(18)
’23	(5)	(6)	(4)	(3)	(19)
’22	(6)	(7)	(5)	(5)	(24)
’21	(6)	(7)	(10)	(6)	(29)
’20	(7)	(6)	(6)	(5)	(25)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.43)	(0.53)	—	—	—
’25	(3.60)	(2.40)	(1.31)	0.75	(6.46)
’24	(33.33)	(19.52)	(15.01)	(10.81)	(77.18)
’23	(48.05)	(24.02)	(25.83)	(25.53)	(124.62)
’22	(54.05)	(54.05)	(48.05)	(48.05)	(204.20)
’21	(84.08)	(108.11)	(120.12)	(78.08)	(384.38)
’20	(150.15)	(120.12)	(108.11)	(90.09)	(456.46)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	2,190.00	4,146.00	2,646.00	996.00	366.00	705.00	444.00	45.30	8.40	3.62	Analyst estimates 2026–2028 Powerpack
	High	12,078.00	20,100.00	16,126.80	6,924.00	2,748.00	4,614.00	940.20	552.00	82.50	43.20
People
People	Employees	73	68	69	51	54	48	43	37	26	27
	Revenue/emp, $m	0.02	0.02	0.01	0.00	0.01	0.02	0.02	0.01	0.03	0.21
Income, $m
Income, $m	Revenue	1	1	1	0	0	1	1	0	1	6
	Gross margin, %	100.00	100.00	100.00	100.00	61.33	100.00	(50.06)	41.14	1.56	36.04
	EBT	(46)	(49)	(51)	(38)	(32)	(41)	(26)	(19)	(18)	(10)
	EBT margin, %	(3,155.69)	(4,278.76)	(9,875.70)	(19,189.96)	(9,722.69)	(5,474.01)	(3,086.49)	(4,085.86)	(2,395.57)	(170.39)
	Net income	(46)	(49)	(51)	(38)	(32)	(41)	(26)	(19)	(18)	(10)
	Depreciation	1	1	1	1	1	0	0	0	0	0
Per share, $
Per share, $	Revenue	49.38	32.51	12.14	3.97	4.72	7.00	6.60	3.05	3.22	3.79
	Earnings	(1,561.56)	(1,387.39)	(1,195.19)	(762.76)	(456.46)	(384.38)	(204.20)	(124.62)	(77.18)	(6.46)
	Cash flow	(1,124.57)	(969.87)	(767.15)	(528.20)	(357.74)	(265.68)	(183.23)	(123.95)	(73.68)	(8.36)
	Capex	(38.69)	(22.95)	(20.28)	(3.89)	(1.97)	(3.38)	(1.28)	(1.20)	(0.52)	(0.06)
	Free cash flow	(1,163.26)	(992.81)	(787.42)	(532.09)	(359.71)	(269.07)	(184.51)	(125.15)	(74.20)	(8.42)
	Book value	971.13	331.23	433.26	377.24	707.83	434.64	191.05	74.04	(4.52)	8.42
	Shares, m	0	0	0	0	0	0	0	0	0	1
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	P/S	213.70	412.34	286.07	267.49	228.60	107.11	75.45	16.02	9.41	1.05
	P/B	10.87	40.47	8.02	2.82	1.53	1.73	2.61	0.66	0.00	0.47
	EV/Sales	192.17	401.25	247.02	162.73	76.18	43.11	45.41	(11.91)	8.71	(0.78)
	EV/FCF	(8.16)	(13.14)	(3.81)	(1.21)	(1.00)	(1.12)	(1.62)	0.29	(0.38)	0.35
Cash, $m
Cash, $m	Operating cash flow	(33)	(34)	(33)	(27)	(25)	(29)	(24)	(19)	(18)	(12)
	Capex	(1)	(1)	(1)	0	0	0	0	0	0	0
	Free cash flow	(34)	(35)	(33)	(27)	(25)	(29)	(24)	(19)	(18)	(13)
Balance, $m
Balance, $m	Working capital	26	10	17	18	48	46	24	10	(2)	12
	Total debt	—	—	—	1	1	1	1	—	1	0
	Net debt	(31)	(13)	(20)	(21)	(50)	(48)	(26)	(14)	(1)	(10)
	Shareholders’ equity	29	12	18	19	49	47	25	11	(1)	12
Returns, %
Returns, %	ROA	(134.89)	(194.92)	(271.76)	(163.77)	(81.60)	(79.28)	(64.78)	(83.43)	(179.75)	(93.42)
	ROIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	(286.47)
	ROE	(158.47)	(244.99)	(337.48)	(205.43)	(93.53)	(86.27)	(73.36)	(107.17)	(353.09)	(167.99)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
OCC Optical Cable Corporation	$125.6M	44.5×	— (loss-making)	+21.99% (above 0%: growing)	+425.00% (above 0%: growing)	+156.41% (above 0%: growing)	37.43%	8.69%	Compare
AMPG AmpliTech Group, Inc.	$77.3M	— (loss-making)	21.6×	−26.81% (below 0%: shrinking)	n/m	−3.69% (below 0%: shrinking)	27.93%	(39.60%)	Compare
INSG Inseego	$71.4M	— (loss-making)	— (loss-making)	+9.35% (above 0%: growing)	n/m	−283.33% (below 0%: shrinking)	33.75%	(16.45%)	Compare
AIRG Airgain, Inc.	$54.9M	— (loss-making)	— (loss-making)	+0.55% (above 0%: growing)	n/m	−1,715.93% (below 0%: shrinking)	42.26%	(12.30%)	Compare
WATT Energous Corporation	$49.5M	— (loss-making)	— (loss-making)	+216.82% (above 0%: growing)	n/m	−90.60% (below 0%: shrinking)	3.04%	(103.37%)
CMTL Comtech Telecommunications Corp.	$43.4M	— (loss-making)	— (loss-making)	−8.63% (below 0%: shrinking)	n/m	+520.63% (above 0%: growing)	16.01%	14.92%	Compare
BOSC B.O.S. Better Online Solutions	$30.3M	7.9×	8.5×	+28.85% (above 0%: growing)	+46.15% (above 0%: growing)	+208.74% (above 0%: growing)	22.95%	7.20%	Compare
FKWL Franklin Wireless Corp.	$26.3M	— (loss-making)	71.5×	+21.21% (above 0%: growing)	n/m	−138.43% (below 0%: shrinking)	9.03%	(21.50%)	Compare
UTSI UTStarcom Holdings Corp	$22.7M	— (loss-making)	— (loss-making)	−25.06% (below 0%: shrinking)	n/m	−244.19% (below 0%: shrinking)	27.96%	0.00%	Compare
Median of peers	$49.2M	—	21.6×	+4.95%	—	−71.06%	27.95%	(6.15%)

All 47 Communication Equipment stocks →

Energous Corporation (WATT) key facts

Strength: Energous Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.6 million, up 633.1% from fiscal 2024.
Energous Corporation (WATT) is a Communication Equipment company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, WATT traded at $8.59, a market capitalization of $49.5 million.
Return on equity was −168.0% and debt-to-equity 0.01.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is −34.25 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.