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Energous (WATT) Financials

Energous logo
$16.54 +1.39 (+9.17%)
Closing price 07/21/2026 04:00 PM Eastern
Extended Trading
$16.60 +0.07 (+0.39%)
As of 04:23 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Energous

Annual Income Statements for Energous

This table shows Energous' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -28 -46 -49 -51 -38 -32 -41 -26 -19 -18 -9.59
Consolidated Net Income / (Loss)		 -28 -46 -49 -51 -38 -32 -41 -26 -19 -18 -9.59
Net Income / (Loss) Continuing Operations		 -28 -46 -49 -51 -38 -32 -41 -26 -19 -18 -9.59
Total Pre-Tax Income 		-28 -46 -49 -51 -38 -32 -41 -26 -19 -18 -9.59
Total Operating Income		 -28 -46 -49 -51 -39 -32 -41 -27 -22 -18 -10
Total Gross Profit		 2.50 1.45 1.15 0.51 0.20 0.20 0.76 -0.43 0.20 0.01 2.03
Total Revenue		 2.50 1.45 1.15 0.51 0.20 0.33 0.76 0.85 0.47 0.77 5.63
Operating Revenue		 2.50 1.45 1.15 0.51 0.20 0.33 0.76 0.85 0.47 0.77 5.63
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 0.13 0.00 1.28 0.28 0.76 3.60
Operating Cost of Revenue		 - - - - 0.00 0.13 0.00 1.28 0.28 0.76 3.60
Total Operating Expenses		 30 47 51 51 39 32 42 26 22 18 12
Selling, General & Admin Expense		 8.03 11 12 12 10 9.15 9.00 8.08 7.27 6.29 4.50
Marketing Expense		 3.22 3.20 5.21 6.19 5.42 5.88 8.60 4.88 3.85 3.07 2.36
Research & Development Expense		 19 33 33 33 23 17 21 12 11 7.69 4.13
Other Operating Expenses / (Income)		 - - - - - 0.00 4.02 0.80 0.36 1.38 1.06
Total Other Income / (Expense), net		 0.02 0.01 0.01 0.09 0.41 0.07 0.01 0.41 2.73 0.01 0.42
Interest Expense		 -0.02 -0.01 -0.01 -0.09 -0.42 -0.07 -0.01 -0.41 -0.81 0.22 -0.17
Other Income / (Expense), net		 - - -0.00 - -0.01 -0.00 - 0.00 1.92 0.23 0.26
Basic Earnings per Share		 ($2.07) ($2.60) ($2.31) ($1.99) ($1.27) ($0.76) ($0.64) ($6.78) ($4.15) ($77.16) ($6.46)
Weighted Average Basic Shares Outstanding		 13.30M 17.65M 21.34M 25.49M 30.26M 41.64M 64.93M 3.87M 4.66M 238.45K 1.49M
Diluted Earnings per Share		 ($2.07) ($2.60) ($2.31) ($1.99) ($1.27) ($0.76) ($0.64) ($6.78) ($4.15) ($77.16) ($6.46)
Weighted Average Diluted Shares Outstanding		 13.30M 17.65M 21.34M 25.49M 30.26M 41.64M 64.93M 3.87M 4.66M 238.45K 1.49M
Weighted Average Basic & Diluted Shares Outstanding		 13.30M 17.65M 21.34M 25.49M 30.26M 41.64M 64.93M 91.03M 6.08M 30.44M 5.50M

Quarterly Income Statements for Energous

This table shows Energous' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -4.11 -4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66
Consolidated Net Income / (Loss)		 -4.11 -4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66
Net Income / (Loss) Continuing Operations		 -4.11 -4.61 -6.60 -4.26 -3.41 -4.12 -3.37 -2.79 -2.11 -1.33 -1.66
Total Pre-Tax Income 		-4.11 -4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66
Total Operating Income		 -5.08 -4.60 -6.67 -4.65 -3.58 -3.51 -3.61 -2.78 -2.19 -1.43 -1.85
Total Gross Profit		 0.12 0.08 -0.05 -0.08 -0.08 0.21 0.09 0.34 0.46 1.14 1.10
Total Revenue		 0.17 0.09 0.06 0.05 0.23 0.43 0.34 0.98 1.27 3.04 3.08
Operating Revenue		 0.17 0.09 0.06 0.05 0.23 0.43 0.34 0.98 1.27 3.04 3.08
Total Cost of Revenue		 0.05 0.01 0.11 0.12 0.31 0.22 0.25 0.64 0.81 1.90 1.99
Operating Cost of Revenue		 0.05 0.01 0.11 0.12 0.31 0.22 0.25 0.64 0.81 1.90 1.99
Total Operating Expenses		 5.20 4.68 6.62 4.58 3.51 3.72 3.70 3.12 2.65 2.57 2.94
Selling, General & Admin Expense		 1.70 1.51 2.00 1.73 1.26 1.32 0.90 1.29 1.25 1.07 1.39
Marketing Expense		 0.77 0.78 0.87 0.82 0.70 0.68 0.59 0.70 0.50 0.57 0.54
Research & Development Expense		 2.46 2.39 2.19 2.30 1.47 1.73 1.19 1.10 0.90 0.94 1.01
Other Operating Expenses / (Income)		 0.27 - 1.56 -0.27 0.08 - 1.03 0.03 0.01 - 0.00
Total Other Income / (Expense), net		 0.97 -0.01 0.07 0.39 0.17 -0.62 0.25 -0.01 0.08 0.11 0.19
Interest Expense		 -0.18 -0.16 -0.15 -0.06 -0.01 0.43 0.02 0.01 -0.09 -0.11 -0.19
Other Income / (Expense), net		 0.79 -0.17 -0.08 0.34 0.16 -0.18 0.27 -0.00 -0.01 - 0.00
Basic Earnings per Share		 ($0.86) ($0.99) ($1.11) ($0.65) ($14.98) ($17.32) ($3.55) ($0.08) ($1.31) ($0.89) ($0.43)
Weighted Average Basic Shares Outstanding		 4.76M 4.66M 5.96M 6.54M 227.81K 238.45K 948.11K 35.64M 1.61M 1.49M 3.88M
Diluted Earnings per Share		 ($0.86) ($0.99) ($1.11) ($0.65) ($14.98) ($17.32) ($3.55) ($0.08) ($1.31) ($0.89) ($0.43)
Weighted Average Diluted Shares Outstanding		 4.76M 4.66M 5.96M 6.54M 227.81K 238.45K 948.11K 35.64M 1.61M 1.49M 3.88M
Weighted Average Basic & Diluted Shares Outstanding		 5.21M 6.08M 6.54M 6.79M 8.79M 30.44M 34.14M 43.66M 2.18M 5.50M 5.50M

Annual Cash Flow Statements for Energous

This table details how cash moves in and out of Energous' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -1.62 1.39 -18 7.31 1.58 29 -1.66 -23 -12 -13 9.05
Net Cash From Operating Activities		 -20 -33 -34 -33 -27 -25 -29 -24 -19 -18 -12
Net Cash From Continuing Operating Activities		 -20 -33 -34 -33 -27 -25 -29 -24 -19 -18 -12
Net Income / (Loss) Continuing Operations		 -28 -46 -49 -51 -38 -32 -41 -26 -19 -18 -9.59
Consolidated Net Income / (Loss)		 -28 -46 -49 -51 -38 -32 -41 -26 -19 -18 -9.59
Depreciation Expense		 0.82 0.96 1.31 1.05 0.78 0.36 0.26 0.25 0.19 0.20 0.14
Amortization Expense		 0.08 0.08 0.08 0.08 - - - - 0.00 0.01 0.04
Non-Cash Adjustments To Reconcile Net Income		 5.95 9.51 16 17 11 8.69 14 3.13 0.35 0.94 0.60
Changes in Operating Assets and Liabilities, net		 0.71 2.21 -2.25 0.42 0.31 -2.00 -1.14 -0.74 -0.42 -0.33 -3.61
Net Cash From Investing Activities		 -1.03 -1.14 -0.81 -0.86 -0.20 -0.14 -0.37 -0.16 -0.19 -0.12 -0.08
Net Cash From Continuing Investing Activities		 -1.03 -1.14 -0.81 -0.86 -0.20 -0.14 -0.37 -0.16 -0.19 -0.12 -0.08
Purchase of Property, Plant & Equipment		 -1.03 -1.14 -0.82 -0.86 -0.20 -0.14 -0.37 -0.16 -0.19 -0.12 -0.08
Net Cash From Financing Activities		 19 36 17 41 28 54 27 1.02 7.09 5.11 22
Net Cash From Continuing Financing Activities		 19 36 17 41 28 54 27 1.02 7.09 5.11 22
Repayment of Debt		 - - - - - - - - 0.00 -0.27 -0.87
Issuance of Debt		 19 - - - - - - - 0.00 0.80 0.00
Issuance of Common Equity		 0.29 36 16 39 24 0.42 0.38 0.27 2.85 1.78 22
Other Financing Activities, net		 0.08 0.07 0.98 1.32 4.62 54 27 0.74 4.24 2.81 0.03
Cash Interest Paid		 - - - - - - - - 0.00 0.14 0.28

Quarterly Cash Flow Statements for Energous

This table details how cash moves in and out of Energous' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -3.38 -2.64 -3.22 -5.86 -3.40 -0.10 8.73 -1.42 4.24 -2.50 26
Net Cash From Operating Activities		 -4.22 -3.33 -5.07 -5.77 -4.05 -2.68 -4.67 -2.88 -2.47 -2.41 -5.57
Net Cash From Continuing Operating Activities		 -4.23 -3.33 -5.07 -5.77 -4.05 -2.68 -4.67 -2.88 -2.47 -2.41 -5.57
Net Income / (Loss) Continuing Operations		 -4.11 -4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66
Consolidated Net Income / (Loss)		 -4.11 -4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66
Depreciation Expense		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.03 0.03 0.03
Amortization Expense		 - - 0.00 - - 0.01 0.02 0.02 0.01 - 0.00
Non-Cash Adjustments To Reconcile Net Income		 -0.24 0.56 1.82 -1.54 -0.07 0.73 0.00 -0.20 0.44 0.14 0.03
Changes in Operating Assets and Liabilities, net		 0.07 0.67 -0.34 -0.02 -0.62 0.66 -1.36 0.05 -0.83 -1.25 -3.98
Net Cash From Investing Activities		 -0.05 -0.09 -0.00 -0.06 -0.07 - -0.02 -0.02 -0.01 -0.04 -0.04
Net Cash From Continuing Investing Activities		 -0.05 -0.09 -0.00 -0.06 -0.07 - -0.02 -0.02 -0.01 -0.04 -0.04
Purchase of Property, Plant & Equipment		 -0.05 -0.09 -0.00 -0.06 -0.07 - -0.02 -0.02 -0.01 -0.04 -0.04
Net Cash From Financing Activities		 0.89 0.78 1.85 -0.03 0.71 2.58 13 1.47 6.71 -0.05 32
Net Cash From Continuing Financing Activities		 0.89 0.78 1.85 -0.03 0.71 2.58 13 1.42 6.71 -0.05 32
Repayment of Debt		 - - 0.00 - - -0.27 -0.33 -0.43 -0.11 - 0.00
Issuance of Common Equity		 0.00 0.10 1.85 -0.03 0.71 -0.75 0.00 16 -12 18 32
Other Financing Activities, net		 0.88 0.68 0.00 - - 2.81 14 -14 18 -18 -0.05
Cash Interest Paid		 - - 0.00 - - 0.14 0.18 0.08 0.01 0.00 0.00

Annual Balance Sheets for Energous

This table presents Energous' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 33 35 15 22 25 53 51 30 17 3.80 17
Total Current Assets		 31 33 14 21 22 51 50 27 15 2.91 15
Cash & Equivalents		 30 31 13 20 22 51 49 26 14 1.35 10
Accounts Receivable		 0.00 0.15 0.00 0.04 0.06 0.08 0.28 0.14 0.10 0.08 2.99
Inventories, net		 - - - - - - 0.00 0.11 0.43 0.50 1.51
Prepaid Expenses		 0.80 1.46 1.11 0.64 0.45 0.64 0.87 0.83 0.54 0.98 0.42
Plant, Property, & Equipment, net		 1.73 2.21 1.41 1.22 0.63 0.40 0.51 0.43 0.43 0.36 0.30
Total Noncurrent Assets		 0.27 0.19 0.09 0.00 2.06 1.29 0.63 1.96 1.24 0.53 1.12
Other Noncurrent Operating Assets		 0.27 0.19 0.09 0.00 2.06 1.29 0.63 1.96 1.24 0.53 1.12
Total Liabilities & Shareholders' Equity		 33 35 15 22 25 53 51 30 17 3.80 17
Total Liabilities		 3.40 6.71 3.65 3.64 5.87 4.09 4.39 5.11 5.18 4.87 4.24
Total Current Liabilities		 3.40 6.71 3.65 3.64 4.47 3.51 4.35 3.84 4.62 4.87 3.66
Short-Term Debt		 - - - - - - - - 0.00 0.82 0.09
Accounts Payable		 2.32 4.71 2.02 1.86 1.67 1.10 1.21 0.90 1.88 1.85 0.95
Accrued Expenses		 1.08 1.87 1.62 1.78 2.06 1.58 2.50 2.21 1.39 1.16 2.10
Current Deferred Revenue		 0.00 0.13 - - 0.01 0.01 0.01 0.03 0.03 0.01 0.03
Other Current Liabilities		 - - - - 0.72 0.83 0.63 0.71 1.33 1.03 0.49
Total Noncurrent Liabilities		 0.00 0.00 0.00 0.00 1.40 0.58 0.04 1.26 0.56 0.00 0.59
Other Noncurrent Operating Liabilities		 - - - - 1.40 0.58 0.04 1.26 0.56 0.00 0.59
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 29 29 12 18 19 49 47 25 11 -1.08 12
Total Preferred & Common Equity		 29 29 12 18 19 49 47 25 11 -1.08 12
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Total Common Equity		 29 29 12 18 19 49 47 25 11 -1.08 12
Common Stock		 108 153 186 243 282 344 383 387 394 399 423
Retained Earnings		 -79 -125 -174 -225 -263 -295 -336 -363 -382 -400 -410

Quarterly Balance Sheets for Energous

This table presents Energous' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 20 13 7.18 3.95 13 12 18 46
Total Current Assets		 18 12 5.93 2.85 12 11 17 44
Cash & Equivalents		 17 11 4.86 1.45 10 8.66 13 37
Accounts Receivable		 0.12 0.03 0.06 0.15 0.31 0.66 1.24 3.20
Inventories, net		 0.20 0.62 0.56 0.74 0.64 0.69 1.24 1.26
Prepaid Expenses		 0.90 0.32 0.45 0.51 0.84 0.95 1.20 3.15
Plant, Property, & Equipment, net		 0.39 0.38 0.39 0.40 0.33 0.31 0.29 0.30
Total Noncurrent Assets		 1.41 1.03 0.87 0.70 1.16 1.07 0.97 1.08
Other Noncurrent Operating Assets		 1.41 1.03 0.87 0.70 1.16 1.07 0.97 1.08
Total Liabilities & Shareholders' Equity		 20 13 7.18 3.95 13 12 18 46
Total Liabilities		 4.56 5.94 4.17 3.52 3.88 3.56 4.11 2.83
Total Current Liabilities		 3.82 5.57 3.99 3.52 2.92 2.72 3.40 2.39
Short-Term Debt		 - - - - 0.52 0.35 0.14 0.04
Accounts Payable		 0.77 1.53 1.80 1.54 1.28 0.77 1.28 0.91
Accrued Expenses		 1.88 2.64 1.11 0.99 0.64 1.08 1.51 0.83
Current Deferred Revenue		 0.02 0.01 0.01 0.01 0.01 0.01 0.02 0.10
Other Current Liabilities		 1.15 1.39 1.07 0.97 0.48 0.51 0.46 0.52
Total Noncurrent Liabilities		 0.74 0.37 0.19 0.00 0.96 0.84 0.72 0.45
Other Noncurrent Operating Liabilities		 0.74 0.37 0.19 0.00 0.96 0.84 0.72 0.45
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 15 7.16 3.01 0.43 9.50 8.77 14 43
Total Preferred & Common Equity		 15 7.16 3.01 0.43 9.50 8.77 14 43
Preferred Stock		 0.00 - 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 15 7.16 3.01 0.43 9.50 8.77 14 43
Common Stock		 392 396 396 397 413 415 422 454
Retained Earnings		 -377 -389 -393 -396 -404 -407 -409 -412

Annual Metrics And Ratios for Energous

This table displays calculated financial ratios and metrics derived from Energous' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 13,183,006.00 19,130,892.00 22,213,689.00 26,094,600.00 31,500,084.00 44,546,728.00 75,409,399.00 78,083,343.00 5,210,361.00 8,786,374.00 2,175,137.00
DEI Adjusted Shares Outstanding		 21,972.00 31,885.00 37,023.00 43,491.00 52,500.00 74,245.00 125,682.00 130,139.00 173,679.00 292,879.00 2,175,137.00
DEI Earnings Per Adjusted Shares Outstanding		 -1,254.40 -1,436.96 -1,333.68 -1,168.98 -731.41 -428.74 -329.62 -201.90 -111.51 -62.82 -4.41
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% -41.92% -20.52% -55.39% -61.12% 63.56% 131.19% 12.49% -44.32% 62.03% 633.07%
EBITDA Growth		 41.11% -67.89% -7.16% -3.74% 23.62% 17.06% -30.52% 35.79% 24.40% 10.10% 46.68%
EBIT Growth		 40.90% -66.19% -7.76% -3.12% 23.79% 17.81% -29.87% 35.59% 24.40% 9.90% 46.32%
NOPAT Growth		 -35.35% -66.19% -7.76% -3.12% 23.80% 17.80% -29.89% 35.59% 17.19% 16.69% 45.60%
Net Income Growth		 39.56% -66.24% -7.77% -2.96% 24.47% 17.10% -30.14% 36.58% 26.29% 5.00% 47.86%
EPS Growth		 64.00% -25.60% 11.15% 13.85% 36.18% 40.16% 15.79% 36.58% 38.79% 5.00% 91.63%
Operating Cash Flow Growth		 -28.19% -65.26% -4.14% 5.53% 18.16% 6.87% -15.85% 17.70% 18.56% 8.71% 29.32%
Free Cash Flow Firm Growth		 8.16% -58.75% -20.92% 3.56% 24.95% 11.08% -22.59% 33.11% 23.28% 6.54% 21.19%
Invested Capital Growth		 -243.56% -352.83% 61.72% -67.49% -53.87% 37.21% -24.45% 21.34% -48.49% 33.88% 235.55%
Revenue Q/Q Growth		 0.00% 9.82% -8.02% 5.52% -4.94% 15.67% 21.79% -5.15% -15.69% 78.19% 86.55%
EBITDA Q/Q Growth		 0.62% -14.28% 6.54% -2.81% 7.19% 5.76% -4.99% 10.33% 7.39% 5.68% 18.87%
EBIT Q/Q Growth		 0.51% -14.28% 6.40% -2.59% 7.29% 5.86% -4.94% 10.30% 7.31% 5.56% 18.82%
NOPAT Q/Q Growth		 0.51% -14.28% 6.40% -2.59% 7.31% 5.87% -4.94% 10.30% 7.39% 5.56% 17.20%
Net Income Q/Q Growth		 0.50% -14.29% 6.40% -2.45% 7.38% 23.05% -30.03% 11.10% 7.34% 2.52% 22.61%
EPS Q/Q Growth		 -142.77% -5.26% 10.12% 1.00% 12.41% 23.23% -25.49% 11.10% 5.47% 2.52% 16.10%
Operating Cash Flow Q/Q Growth		 11.38% -14.07% 3.04% -1.83% 8.51% 1.18% -3.11% 5.68% 7.07% 3.57% 2.16%
Free Cash Flow Firm Q/Q Growth		 10.76% -19.05% 2.21% -2.60% 10.92% 13.56% -21.07% 18.43% 1.03% 3.21% -3.42%
Invested Capital Q/Q Growth		 -133.30% -146.10% -6.55% -4.65% -75.51% -196.46% 8.57% -585.13% -58.41% -58.51% 125.96%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 61.34% 100.00% -50.07% 41.14% 1.56% 36.04%
EBITDA Margin		 -1,067.15% -3,084.98% -4,159.22% -9,672.04% -19,003.48% -9,637.08% -5,440.66% -3,105.78% -4,217.09% -2,339.84% -170.18%
Operating Margin		 -1,103.09% -3,156.51% -4,279.67% -9,892.61% -19,390.09% -9,744.67% -5,474.78% -3,134.70% -4,662.24% -2,397.14% -177.89%
EBIT Margin		 -1,103.09% -3,156.51% -4,279.74% -9,892.61% -19,393.81% -9,745.93% -5,474.78% -3,134.70% -4,256.54% -2,367.06% -173.34%
Profit (Net Income) Margin		 -1,102.47% -3,155.60% -4,278.73% -9,875.26% -19,185.83% -9,724.17% -5,474.06% -3,086.41% -4,085.87% -2,395.57% -170.39%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 99.94% 99.97% 99.98% 99.82% 98.93% 99.78% 99.99% 98.46% 95.99% 101.20% 98.30%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,446.95%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,399.33%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2,278.96%
Return on Equity (ROE)		 -90.97% -158.47% -244.99% -337.48% -205.43% -93.53% -86.27% -73.36% -107.17% -353.09% -167.99%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -494.62%
Operating Return on Assets (OROA)		 -82.93% -134.93% -194.96% -272.24% -165.54% -81.78% -79.29% -65.79% -86.91% -177.61% -95.04%
Return on Assets (ROA)		 -82.89% -134.89% -194.92% -271.76% -163.77% -81.60% -79.28% -64.78% -83.43% -179.75% -93.42%
Return on Common Equity (ROCE)		 -90.97% -158.47% -244.99% -337.48% -205.43% -93.53% -86.27% -73.36% -107.17% -353.09% -167.99%
Return on Equity Simple (ROE_SIMPLE)		 -94.15% -160.47% -419.92% -276.75% -201.96% -64.89% -88.17% -106.61% -168.44% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -19 -32 -35 -36 -27 -22 -29 -19 -15 -13 -7.01
NOPAT Margin		 -772.17% -2,209.56% -2,995.77% -6,924.82% -13,573.06% -6,821.27% -3,832.35% -2,194.29% -3,263.57% -1,677.99% -124.52%
Net Nonoperating Expense Percent (NNEP)		 -26.91% -44.94% -67.21% -92.33% -53.76% -26.25% -24.90% -20.16% -19.38% -76.17% -47.61%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - -134.54% 4,975.68% -55.70%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 38.66% 0.00% 150.07% 58.86% 98.44% 63.96%
SG&A Expenses to Revenue		 321.24% 774.72% 1,048.82% 2,406.15% 5,176.43% 2,796.24% 1,189.42% 948.99% 1,534.18% 819.40% 79.84%
R&D to Revenue		 753.00% 2,261.30% 2,879.58% 6,385.05% 11,606.11% 5,213.42% 2,718.39% 1,468.05% 2,280.80% 1,000.78% 73.29%
Operating Expenses to Revenue		 1,203.09% 3,256.51% 4,379.67% 9,992.61% 19,490.09% 9,806.01% 5,574.78% 3,084.63% 4,703.38% 2,398.70% 213.93%
Earnings before Interest and Taxes (EBIT)		 -28 -46 -49 -51 -39 -32 -41 -27 -20 -18 -9.76
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -27 -45 -48 -50 -38 -32 -41 -26 -20 -18 -9.58
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.56 11.29 36.74 8.22 2.93 1.63 2.01 2.65 0.83 0.00 0.69
Price to Tangible Book Value (P/TBV)		 3.56 11.29 36.74 8.22 2.93 1.63 2.01 2.65 0.83 0.00 0.69
Price to Revenue (P/Rev)		 41.71 222.02 374.40 293.48 278.58 244.95 124.55 76.68 20.12 11.56 1.54
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 29.76 200.49 363.31 254.42 170.23 89.98 59.71 45.80 0.00 10.86 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.76 0.01
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.01 -1.06 -1.09 -1.09 -1.12 -1.06 -1.04 -1.05 -1.11 -1.39 -0.95
Leverage Ratio		 1.10 1.17 1.26 1.24 1.25 1.15 1.09 1.13 1.28 1.96 1.80
Compound Leverage Factor		 1.10 1.17 1.26 1.24 1.24 1.14 1.09 1.12 1.23 1.99 1.77
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -315.83% 0.70%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -315.83% 0.70%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 415.83% 99.30%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.05 -0.01
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 1.08
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.06 -0.01
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 1.47
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 13.32 20.53 45.58 3.93 -13.39 3.11 2.15 -11.38 -34.19 -162.86 -33.81
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 9.02 4.90 3.81 5.71 4.97 14.65 11.56 7.12 3.25 0.60 4.19
Quick Ratio		 8.78 4.68 3.51 5.54 4.87 14.47 11.36 6.88 3.02 0.29 3.66
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -19 -30 -36 -35 -26 -23 -29 -19 -15 -14 -11
Operating Cash Flow to CapEx		 -1,937.05% -2,906.71% -4,226.40% -3,783.01% -13,568.44% -18,144.89% -7,852.79% -14,325.82% -10,293.58% -14,286.99% -15,146.34%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -62.62 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -80.24 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -80.80 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.08 0.04 0.05 0.03 0.01 0.01 0.01 0.02 0.02 0.08 0.55
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 3.72 4.71 4.21 3.99 3.86 8.53 3.67
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.04 1.63 3.59
Fixed Asset Turnover		 1.54 0.74 0.64 0.39 0.22 0.64 1.66 1.81 1.10 1.96 17.22
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.09 0.00 1.21 0.20 0.41 2.57
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 98.20 77.49 86.68 91.53 94.47 42.77 99.39
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 350.49 224.02 101.72
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 3,992.65 0.00 300.95 1,818.31 900.67 142.21
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 98.20 -3,915.16 86.68 -209.42 -1,373.35 -633.88 58.89
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -0.60 -2.71 -1.04 -1.74 -2.67 -1.68 -2.09 -1.64 -2.44 -1.61 2.19
Invested Capital Turnover		 -6.48 -0.88 -0.62 -0.37 -0.09 -0.15 -0.40 -0.46 -0.23 -0.38 19.65
Increase / (Decrease) in Invested Capital		 -0.42 -2.11 1.67 -0.70 -0.94 0.99 -0.41 0.45 -0.80 0.83 3.80
Enterprise Value (EV)		 74 291 419 131 34 29 45 39 -4.40 8.34 -1.63
Market Capitalization		 104 322 432 151 56 80 94 65 9.53 8.87 8.68
Book Value per Share		 $2.22 $1.49 $0.53 $0.70 $0.60 $1.10 $0.62 $0.32 $2.21 ($0.12) $5.75
Tangible Book Value per Share		 $2.22 $1.49 $0.53 $0.70 $0.60 $1.10 $0.62 $0.32 $2.21 ($0.12) $5.75
Total Capital		 29 29 12 18 19 49 47 25 11 -0.26 13
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.82 0.09
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -30 -31 -13 -20 -22 -51 -49 -26 -14 -0.54 -10
Capital Expenditures (CapEx)		 1.03 1.14 0.81 0.86 0.20 0.14 0.37 0.16 0.19 0.12 0.08
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2.60 -5.10 -2.54 -2.96 -3.96 -2.80 -3.19 -2.77 -3.55 -2.50 1.35
Debt-free Net Working Capital (DFNWC)		 27 26 10 17 18 48 46 24 10 -1.14 12
Net Working Capital (NWC)		 27 26 10 17 18 48 46 24 10 -1.96 12
Net Nonoperating Expense (NNE)		 8.26 14 15 15 11 9.50 12 7.59 3.90 5.51 2.58
Net Nonoperating Obligations (NNO)		 -30 -31 -13 -20 -22 -51 -49 -26 -14 -0.54 -10
Total Depreciation and Amortization (D&A)		 0.90 1.04 1.39 1.14 0.78 0.36 0.26 0.25 0.19 0.21 0.18
Debt-free, Cash-free Net Working Capital to Revenue		 -103.91% -351.45% -220.07% -574.46% -1,976.35% -854.74% -421.24% -324.98% -748.95% -324.87% 24.01%
Debt-free Net Working Capital to Revenue		 1,090.99% 1,801.44% 888.70% 3,331.05% 8,857.95% 14,642.33% 6,062.89% 2,762.85% 2,191.14% -148.70% 208.76%
Net Working Capital to Revenue		 1,090.99% 1,801.44% 888.70% 3,331.05% 8,857.95% 14,642.33% 6,062.89% 2,762.85% 2,191.14% -255.21% 207.19%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($41.40) ($52.00) ($46.20) ($39.80) ($25.40) ($15.20) ($12.80) ($6.80) ($4.15) ($77.10) ($6.46)
Adjusted Weighted Average Basic Shares Outstanding		 820.49K 1.03M 1.26M 1.33M 1.73M 3.09M 3.85M 3.87M 4.66M 238.45K 1.49M
Adjusted Diluted Earnings per Share		 ($41.40) ($52.00) ($46.20) ($39.80) ($25.40) ($15.20) ($12.80) ($6.80) ($4.15) ($77.10) ($6.46)
Adjusted Weighted Average Diluted Shares Outstanding		 820.49K 1.03M 1.26M 1.33M 1.73M 3.09M 3.85M 3.87M 4.66M 238.45K 1.49M
Adjusted Basic & Diluted Earnings per Share		 ($41.40) ($52.00) ($46.20) ($39.80) ($25.40) ($15.20) ($12.80) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 665.19K 882.45K 1.07M 1.27M 1.51M 2.08M 3.25M 4.55M 6.08M 1.01M 5.50M
Normalized Net Operating Profit after Tax (NOPAT)		 -19 -32 -35 -36 -27 -22 -29 -19 -15 -13 -7.01
Normalized NOPAT Margin		 -772.17% -2,209.56% -2,995.77% -6,924.82% -13,573.06% -6,821.27% -3,832.35% -2,194.29% -3,263.57% -1,677.99% -124.52%
Pre Tax Income Margin		 -1,102.47% -3,155.60% -4,278.73% -9,875.26% -19,185.83% -9,724.17% -5,474.06% -3,086.41% -4,085.87% -2,395.57% -170.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -83.01 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -58.84 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -83.57 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -59.41 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Energous

This table displays calculated financial ratios and metrics derived from Energous' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 92,069,632.00 5,210,361.00 6,082,686.00 6,538,240.00 6,794,869.00 8,786,374.00 30,436,726.00 34,136,303.00 43,660,782.00 2,175,137.00 5,501,099.00
DEI Adjusted Shares Outstanding		 153,449.00 173,679.00 202,756.00 217,941.00 226,496.00 292,879.00 1,014,558.00 1,137,877.00 1,455,359.00 2,175,137.00 5,501,099.00
DEI Earnings Per Adjusted Shares Outstanding		 -26.81 -26.51 -32.55 -19.54 -15.06 -14.10 -3.32 -2.45 -1.45 -0.61 -0.30
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -24.28% -49.22% -34.02% -60.68% 36.09% 370.33% 435.94% 2,019.57% 453.04% 610.28% 798.54%
EBITDA Growth		 29.65% 25.28% 2.06% -1.86% 20.57% 22.96% 51.01% 36.15% 35.62% 61.34% 44.79%
EBIT Growth		 29.71% 25.04% 2.02% -1.99% 20.29% 22.47% 50.44% 35.55% 35.68% 61.22% 44.80%
NOPAT Growth		 16.81% 27.72% -5.89% 24.10% 29.52% 23.56% 45.82% 40.23% 38.82% 59.21% 48.88%
Net Income Growth		 31.03% 25.00% 0.81% -6.58% 17.06% 10.34% 48.99% 34.52% 38.07% 67.89% 50.80%
EPS Growth		 44.16% 37.34% 31.90% 26.14% 17.06% 10.34% 48.99% 87.69% 91.26% 94.86% 87.89%
Operating Cash Flow Growth		 21.61% 30.54% 5.43% 8.86% 4.10% 19.53% 7.98% 50.12% 39.08% 10.22% -19.37%
Free Cash Flow Firm Growth		 75.65% 50.55% -304.91% -0.29% -80.36% -35.69% 0.61% -22.64% -16.15% -46.12% -25.35%
Invested Capital Growth		 -554.75% -48.49% 28.12% 10.37% 33.92% 33.88% 98.15% 125.01% 195.08% 235.55% 9,477.27%
Revenue Q/Q Growth		 44.44% -46.15% -29.67% -28.13% 400.00% 86.09% -19.86% 184.26% 30.46% 138.99% 1.38%
EBITDA Q/Q Growth		 -1.39% -11.12% -42.02% 36.33% 20.94% -7.77% 9.69% 17.03% 20.27% 35.28% -28.97%
EBIT Q/Q Growth		 -1.47% -11.02% -41.57% 36.05% 20.70% -7.98% 9.50% 16.84% 20.86% 34.89% -28.82%
NOPAT Q/Q Growth		 17.09% 9.55% -45.02% 30.22% 23.01% 1.90% -2.79% 23.01% 21.19% 34.60% -28.82%
Net Income Q/Q Growth		 -2.98% -11.93% -43.30% 35.48% 19.87% -21.01% 18.48% 17.17% 24.21% 37.25% -24.89%
EPS Q/Q Growth		 2.27% -15.12% -12.12% 41.44% 19.87% -21.01% 18.48% 33.33% -1,537.50% 32.06% 51.69%
Operating Cash Flow Q/Q Growth		 33.33% 21.04% -52.21% -13.74% 29.84% 33.75% -74.05% 38.35% 14.32% 2.35% -131.40%
Free Cash Flow Firm Q/Q Growth		 51.46% -44.17% -150.21% 42.73% 12.70% -8.47% -83.27% 29.33% 17.33% -36.46% -57.23%
Invested Capital Q/Q Growth		 25.32% -58.41% -45.98% 48.10% 44.94% -58.51% 95.91% 800.00% 109.31% 125.96% 183.25%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 71.60% 90.11% -70.31% -165.22% -33.04% 48.83% 27.11% 34.67% 36.01% 37.50% 35.53%
EBITDA Margin		 -2,511.83% -5,183.52% -10,467.19% -9,271.74% -1,466.09% -849.07% -956.85% -279.28% -170.68% -46.22% -58.79%
Operating Margin		 -3,006.51% -5,050.55% -10,414.06% -10,110.87% -1,556.96% -820.79% -1,052.77% -285.13% -172.25% -47.14% -59.90%
EBIT Margin		 -2,540.24% -5,237.36% -10,542.19% -9,380.43% -1,487.83% -863.32% -974.93% -285.23% -173.03% -47.14% -59.90%
Profit (Net Income) Margin		 -2,434.32% -5,060.44% -10,310.94% -9,256.52% -1,483.48% -964.72% -981.34% -285.95% -166.12% -43.62% -53.73%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 95.83% 96.62% 97.81% 98.68% 99.71% 111.75% 100.66% 100.25% 96.00% 92.53% 89.71%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -648.42% -114.61%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -642.46% -113.04%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 610.23% 99.79%
Return on Equity (ROE)		 -94.37% -107.17% -135.32% -187.27% -243.95% -353.09% -182.14% -232.47% -175.08% -38.19% -14.82%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,542.97% -1,080.71% -494.62% -194.38%
Operating Return on Assets (OROA)		 -52.84% -106.94% -219.22% -225.93% -54.47% -64.78% -77.13% -57.75% -47.94% -25.84% -17.00%
Return on Assets (ROA)		 -50.64% -103.33% -214.41% -222.95% -54.31% -72.39% -77.64% -57.90% -46.02% -23.92% -15.25%
Return on Common Equity (ROCE)		 -94.37% -107.17% -135.32% -187.27% -243.95% -353.09% -182.14% -232.47% -175.08% -38.19% -14.82%
Return on Equity Simple (ROE_SIMPLE)		 -138.98% 0.00% -269.89% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -3.56 -3.22 -4.67 -3.26 -2.51 -2.46 -2.53 -1.95 -1.53 -1.00 -1.29
NOPAT Margin		 -2,104.56% -3,535.38% -7,289.84% -7,077.61% -1,089.87% -574.56% -736.94% -199.59% -120.57% -33.00% -41.93%
Net Nonoperating Expense Percent (NNEP)		 -2.45% -6.90% -10.44% -8.08% -10.04% -23.08% -8.27% -12.79% -8.15% -5.95% -1.58%
Return On Investment Capital (ROIC_SIMPLE)		 - -27.98% -65.20% -108.23% -577.58% 949.46% -25.23% -21.33% -11.06% -7.97% -3.02%
Cost of Revenue to Revenue		 28.40% 9.89% 170.31% 265.22% 133.04% 51.17% 72.89% 65.33% 63.99% 62.50% 64.47%
SG&A Expenses to Revenue		 1,005.33% 1,657.14% 3,117.19% 3,752.17% 545.65% 307.71% 260.93% 131.90% 97.88% 35.16% 45.04%
R&D to Revenue		 1,455.62% 2,628.57% 3,420.31% 4,997.83% 638.26% 404.21% 347.52% 112.82% 70.52% 30.82% 32.90%
Operating Expenses to Revenue		 3,078.11% 5,140.66% 10,343.75% 9,945.65% 1,523.91% 869.63% 1,079.88% 319.79% 208.25% 84.64% 95.43%
Earnings before Interest and Taxes (EBIT)		 -4.29 -4.77 -6.75 -4.32 -3.42 -3.70 -3.34 -2.78 -2.20 -1.43 -1.85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -4.25 -4.72 -6.70 -4.27 -3.37 -3.63 -3.28 -2.72 -2.17 -1.41 -1.81
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.49 0.83 1.73 2.37 9.26 0.00 0.87 1.06 0.82 0.69 2.02
Price to Tangible Book Value (P/TBV)		 0.49 0.83 1.73 2.37 9.26 0.00 0.87 1.06 0.82 0.69 2.02
Price to Revenue (P/Rev)		 13.10 20.12 28.00 19.26 9.32 11.56 7.93 4.71 3.72 1.54 10.31
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.17 0.00 0.00 8.04
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 3.70 6.14 5.95 10.86 0.00 0.51 0.00 0.00 5.94
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 -0.76 0.06 0.04 0.01 0.01 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.03 -1.11 -1.30 -1.19 -1.17 -1.39 -1.22 -1.12 -1.00 -0.95 -0.88
Leverage Ratio		 1.22 1.28 1.49 1.47 1.52 1.96 1.59 1.66 1.54 1.80 1.13
Compound Leverage Factor		 1.17 1.24 1.45 1.45 1.52 2.20 1.60 1.66 1.48 1.66 1.01
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% -315.83% 5.22% 3.84% 1.00% 0.70% 0.08%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% -315.83% 5.22% 3.84% 1.00% 0.70% 0.08%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 100.00% 100.00% 100.00% 100.00% 415.83% 94.78% 96.16% 99.00% 99.30% 99.92%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.05 -0.04 -0.03 -0.01 -0.01 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.03 0.66 0.64 1.08 1.08 4.51
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.06 -0.05 -0.04 -0.02 -0.01 -0.01
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.04 0.89 0.88 1.51 1.47 6.33
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 -25.83 -31.14 -41.42 -77.17 -142.73 -150.26 -40.92 -44.35 -29.79 -32.17 6.80
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.66 3.25 2.10 1.49 0.81 0.60 4.07 4.03 4.88 4.19 18.54
Quick Ratio		 4.38 3.02 1.92 1.23 0.46 0.29 3.56 3.42 4.16 3.66 16.69
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1.68 -2.42 -6.06 -3.47 -3.03 -3.29 -6.02 -4.26 -3.52 -4.80 -7.55
Operating Cash Flow to CapEx		 -9,176.09% -3,703.33% -507,300.00% -10,122.81% -6,227.69% 0.00% -22,228.57% -17,987.50% -41,100.00% -6,174.36% -14,663.16%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -7.57 -273.67 -607.86 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -6.18 -212.18 -411.14 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -6.18 -213.14 -413.43 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.02 0.02 0.04 0.08 0.08 0.20 0.28 0.55 0.28
Accounts Receivable Turnover		 3.09 3.86 6.89 3.19 3.17 8.53 6.18 5.44 4.33 3.67 4.76
Inventory Turnover		 3.59 1.04 0.72 0.79 1.17 1.63 1.42 2.27 1.95 3.59 5.62
Fixed Asset Turnover		 1.36 1.10 1.15 0.95 1.09 1.96 2.93 5.69 8.74 17.22 26.40
Accounts Payable Turnover		 0.79 0.20 0.17 0.20 0.47 0.41 0.64 1.10 1.36 2.57 4.89
Days Sales Outstanding (DSO)		 118.01 94.47 52.94 114.47 115.26 42.77 59.09 67.14 84.24 99.39 76.61
Days Inventory Outstanding (DIO)		 101.76 350.49 509.09 464.35 313.06 224.02 257.78 160.66 187.63 101.72 64.99
Days Payable Outstanding (DPO)		 464.79 1,818.31 2,113.06 1,805.49 771.09 900.67 571.30 331.91 267.86 142.21 74.63
Cash Conversion Cycle (CCC)		 -245.02 -1,373.35 -1,551.02 -1,226.66 -342.77 -633.88 -254.44 -104.11 4.01 58.89 66.97
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -1.54 -2.44 -3.56 -1.85 -1.02 -1.61 -0.07 0.46 0.97 2.19 6.19
Invested Capital Turnover		 -0.94 -0.23 -0.10 -0.19 -0.34 -0.38 -0.58 -2.85 -120.72 19.65 2.73
Increase / (Decrease) in Invested Capital		 -1.88 -0.80 1.39 0.21 0.52 0.83 3.49 2.31 1.98 3.80 6.26
Enterprise Value (EV)		 -9.21 -4.40 1.63 2.27 2.57 8.34 -1.26 1.00 -1.52 -1.63 50
Market Capitalization		 7.37 9.53 12 7.13 4.02 8.87 8.30 9.32 11 8.68 86
Book Value per Share		 $0.16 $2.21 $1.18 $0.46 $0.06 ($0.12) $0.31 $0.26 $0.31 $5.75 $7.77
Tangible Book Value per Share		 $0.16 $2.21 $1.18 $0.46 $0.06 ($0.12) $0.31 $0.26 $0.31 $5.75 $7.77
Total Capital		 15 11 7.16 3.01 0.43 -0.26 10 9.12 14 13 43
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.82 0.52 0.35 0.14 0.09 0.04
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -17 -14 -11 -4.86 -1.45 -0.54 -9.56 -8.31 -13 -10 -37
Capital Expenditures (CapEx)		 0.05 0.09 0.00 0.06 0.07 0.00 0.02 0.02 0.01 0.04 0.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2.60 -3.55 -4.60 -2.92 -2.12 -2.50 -0.60 -0.07 0.43 1.35 5.26
Debt-free Net Working Capital (DFNWC)		 14 10 6.11 1.94 -0.67 -1.14 9.49 8.59 13 12 42
Net Working Capital (NWC)		 14 10 6.11 1.94 -0.67 -1.96 8.96 8.24 13 12 42
Net Nonoperating Expense (NNE)		 0.56 1.39 1.93 1.00 0.91 1.67 0.84 0.84 0.58 0.32 0.36
Net Nonoperating Obligations (NNO)		 -17 -14 -11 -4.86 -1.45 -0.54 -9.56 -8.31 -13 -10 -37
Total Depreciation and Amortization (D&A)		 0.05 0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.03 0.03 0.03
Debt-free, Cash-free Net Working Capital to Revenue		 -462.42% -748.95% -1,043.31% -788.11% -490.95% -324.87% -57.12% -3.59% 14.08% 24.01% 62.82%
Debt-free Net Working Capital to Revenue		 2,486.53% 2,191.14% 1,386.39% 524.05% -154.29% -148.70% 906.11% 434.77% 441.45% 208.76% 500.20%
Net Working Capital to Revenue		 2,486.53% 2,191.14% 1,386.39% 524.05% -154.29% -255.21% 856.16% 417.05% 436.85% 207.19% 499.78%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.86) ($0.99) ($1.11) ($0.65) ($15.00) ($519.60) ($3.60) ($0.08) ($1.31) ($0.89) ($0.43)
Adjusted Weighted Average Basic Shares Outstanding		 4.76M 4.66M 5.96M 6.54M 227.81K 7.95K 948.11K 35.64M 1.61M 1.49M 3.88M
Adjusted Diluted Earnings per Share		 ($0.86) ($0.99) ($1.11) ($0.65) ($15.00) ($519.60) ($3.60) ($0.08) ($1.31) ($0.89) ($0.43)
Adjusted Weighted Average Diluted Shares Outstanding		 4.76M 4.66M 5.96M 6.54M 227.81K 7.95K 948.11K 35.64M 1.61M 1.49M 3.88M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.99) $0.00 $0.00 $0.00 ($519.60) $0.00 $0.00 $0.00 ($0.89) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 5.21M 6.08M 6.54M 6.79M 292.88K 1.01M 1.14M 43.66M 2.18M 5.50M 5.50M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.56 -3.22 -4.67 -3.26 -2.51 -2.46 -2.53 -1.95 -1.53 -1.00 -1.29
Normalized NOPAT Margin		 -2,104.56% -3,535.38% -7,289.84% -7,077.61% -1,089.87% -574.56% -736.94% -199.59% -120.57% -33.00% -41.93%
Pre Tax Income Margin		 -2,434.32% -5,060.44% -10,310.94% -9,256.52% -1,483.48% -964.72% -981.34% -285.95% -166.12% -43.62% -53.73%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -8.51 -152.00 -397.29 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -5.67 -114.90 -278.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -8.51 -152.95 -399.57 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 -5.67 -115.85 -280.29 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Energous (NASDAQ: WATT) shows some improvement in revenue, but the business is still deeply unprofitable and heavily reliant on equity financing. Over the last several years, the company has seen periods of higher sales, but losses remain sizable, operating cash flow is consistently negative, and share issuance has materially funded the balance sheet.

  • Revenue improved sharply in Q1 2026 versus Q1 2025. Sales rose to $3.1 million from $343,000 year over year, suggesting stronger demand or customer activity.
  • Gross profit expanded in Q1 2026. Gross profit was $1.1 million, up from $93,000 in Q1 2025, showing better top-line conversion.
  • Cash and equivalents increased materially. Cash climbed to $36.6 million in Q1 2026 from $12.9 million in Q3 2025, giving the company a much larger liquidity cushion.
  • Debt levels are low. Total liabilities were only $2.8 million in Q1 2026, which is modest relative to cash and total assets.
  • Revenue has been volatile but generally higher than the 2024 baseline. Quarterly revenue moved from $64,000 in Q1 2024 and $46,000 in Q2 2024 to $169,000 in Q3 2024, then jumped in 2025 and Q1 2026.
  • Operating expense structure remains heavy. SG&A, marketing, and R&D continue to consume much of the gross profit, limiting scalability so far.
  • Share count has been highly diluted over time. The weighted average share count was far lower in earlier periods, and recent financing activity suggests continued dilution risk for existing shareholders.
  • The company is still losing money. Q1 2026 net loss was $1.7 million, following a $1.3 million loss in Q4 2025 and $2.1 million loss in Q3 2025.
  • Operating cash flow remains deeply negative. Q1 2026 operating cash outflow was $5.6 million, compared with negative operating cash flow in prior quarters as well.
  • Retained earnings remain deeply negative. The cumulative deficit was $411.7 million in Q1 2026, underscoring a long history of losses.

Bottom line: Energous has clearly improved its liquidity and posted better revenue in the most recent quarter, but the company has not yet shown that it can consistently generate profits or positive operating cash flow. For retail investors, the key question is whether recent sales momentum can continue long enough to offset ongoing losses and reduce dependence on equity financing.

07/22/26 05:10 AM ETAI Generated. May Contain Errors.

Energous Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Energous' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Energous' net income appears to be on a downward trend, with a most recent value of -$9.59 million in 2025, falling from -$27.56 million in 2015. The previous period was -$18.40 million in 2024. Check out Energous' forecast to explore projected trends and price targets.

Energous' total operating income in 2025 was -$10.02 million, based on the following breakdown:
  • Total Gross Profit: $2.03 million
  • Total Operating Expenses: $12.04 million

Over the last 10 years, Energous' total revenue changed from $2.50 million in 2015 to $5.63 million in 2025, a change of 125.2%.

Energous' total liabilities were at $4.24 million at the end of 2025, a 12.9% decrease from 2024, and a 24.8% increase since 2015.

In the past 10 years, Energous' cash and equivalents has ranged from $1.35 million in 2024 to $50.73 million in 2020, and is currently $10.40 million as of their latest financial filing in 2025.

Over the last 10 years, Energous' book value per share changed from 2.22 in 2015 to 5.75 in 2025, a change of 158.7%.


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Financial statements for NASDAQ:WATT last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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