Saturday 17 October 2026
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Energous Corporation
WATT Technology Communication Equipment
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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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
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| 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.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Energous Corporation vs peers in Communication Equipment (Q) = latest quarter vs a year earlier
| 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%) |
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.
Energous Corporation (WATT) Latest News
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