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Energous (WATT) Financials

Energous logo
$11.33 +0.01 (+0.09%)
Closing price 10/9/2026 04:00 PM Eastern
Extended Trading
$11.26 -0.07 (-0.66%)
As of 10/9/2026 07:59 PM 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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66 -2.91
Consolidated Net Income / (Loss)		 -4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66 -2.91
Net Income / (Loss) Continuing Operations		 -4.61 -6.60 -4.26 -3.41 -4.12 -3.37 -2.79 -2.11 -1.33 -1.66 -2.91
Total Pre-Tax Income 		-4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66 -2.91
Total Operating Income		 -4.60 -6.67 -4.65 -3.58 -3.51 -3.61 -2.78 -2.19 -1.43 -1.85 -3.19
Total Gross Profit		 0.08 -0.05 -0.08 -0.08 0.21 0.09 0.34 0.46 1.14 1.10 0.09
Total Revenue		 0.09 0.06 0.05 0.23 0.43 0.34 0.98 1.27 3.04 3.08 3.09
Operating Revenue		 0.09 0.06 0.05 0.23 0.43 0.34 0.98 1.27 3.04 3.08 3.09
Total Cost of Revenue		 0.01 0.11 0.12 0.31 0.22 0.25 0.64 0.81 1.90 1.99 3.00
Operating Cost of Revenue		 0.01 0.11 0.12 0.31 0.22 0.25 0.64 0.81 1.90 1.99 3.00
Total Operating Expenses		 4.68 6.62 4.58 3.51 3.72 3.70 3.11 2.65 2.57 2.94 3.29
Selling, General & Admin Expense		 1.51 2.00 1.73 1.26 1.32 0.90 1.29 1.25 1.07 1.39 1.45
Marketing Expense		 0.78 0.87 0.82 0.70 0.68 0.59 0.70 0.50 0.57 0.54 0.63
Research & Development Expense		 2.39 2.19 2.30 1.47 1.73 1.19 1.10 0.90 0.94 1.01 1.14
Other Operating Expenses / (Income)		 - 1.56 -0.27 0.08 - 1.03 0.02 0.01 - 0.00 0.07
Total Other Income / (Expense), net		 -0.01 0.07 0.39 0.17 -0.62 0.25 -0.01 0.08 0.11 0.19 0.28
Interest Expense		 -0.16 -0.15 -0.06 -0.01 0.43 0.02 0.01 -0.09 -0.11 -0.19 -0.28
Other Income / (Expense), net		 -0.17 -0.08 0.34 0.16 -0.18 0.27 -0.00 -0.01 - 0.00 0.00
Basic Earnings per Share		 ($0.99) ($1.11) ($0.65) ($14.98) ($17.32) ($3.55) ($2.35) ($1.31) ($0.89) ($0.43) ($0.53)
Weighted Average Basic Shares Outstanding		 4.66M 5.96M 6.54M 227.81K 238.45K 948.11K 1.19M 1.61M 1.49M 3.88M 5.51M
Diluted Earnings per Share		 ($0.99) ($1.11) ($0.65) ($14.98) ($17.32) ($3.55) ($2.35) ($1.31) ($0.89) ($0.43) ($0.53)
Weighted Average Diluted Shares Outstanding		 4.66M 5.96M 6.54M 227.81K 238.45K 948.11K 1.19M 1.61M 1.49M 3.88M 5.51M
Weighted Average Basic & Diluted Shares Outstanding		 6.08M 6.54M 6.79M 8.79M 30.44M 34.14M 43.66M 2.18M 5.50M 5.50M 5.53M

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Change in Cash & Equivalents		 -2.64 -3.22 -5.86 -3.40 -0.10 8.73 -1.42 4.24 -2.50 26 -5.41
Net Cash From Operating Activities		 -3.33 -5.07 -5.77 -4.05 -2.68 -4.67 -2.88 -2.47 -2.41 -5.57 -5.28
Net Cash From Continuing Operating Activities		 -3.33 -5.07 -5.77 -4.05 -2.68 -4.67 -2.88 -2.47 -2.41 -5.57 -5.28
Net Income / (Loss) Continuing Operations		 -4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66 -2.91
Consolidated Net Income / (Loss)		 -4.61 -6.60 -4.26 -3.41 -4.13 -3.37 -2.79 -2.11 -1.33 -1.66 -2.91
Depreciation Expense		 0.05 0.05 0.05 0.05 0.05 0.05 0.04 0.03 0.03 0.03 0.04
Non-Cash Adjustments To Reconcile Net Income		 0.56 1.82 -1.54 -0.07 0.73 0.00 -0.20 0.44 0.14 0.03 0.04
Changes in Operating Assets and Liabilities, net		 0.67 -0.34 -0.02 -0.62 0.66 -1.36 0.05 -0.83 -1.25 -3.98 -2.45
Net Cash From Investing Activities		 -0.09 -0.00 -0.06 -0.07 - -0.02 -0.02 -0.01 -0.04 -0.04 -0.24
Net Cash From Continuing Investing Activities		 -0.09 -0.00 -0.06 -0.07 - -0.02 -0.02 -0.01 -0.04 -0.04 -0.24
Purchase of Property, Plant & Equipment		 -0.09 -0.00 -0.06 -0.07 - -0.02 -0.02 -0.01 -0.04 -0.04 -0.24
Net Cash From Financing Activities		 0.78 1.85 -0.03 0.71 2.58 13 1.47 6.71 -0.05 32 0.10
Net Cash From Continuing Financing Activities		 0.78 1.85 -0.03 0.71 2.58 13 1.42 6.71 -0.05 32 0.10
Issuance of Common Equity		 0.10 1.85 -0.03 0.71 -0.75 0.00 16 -12 18 32 -0.05
Other Financing Activities, net		 0.68 0.00 - - 2.81 14 -14 18 -18 -0.05 0.16

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 Q2 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 6/30/2026
Total Assets		 20 13 7.18 3.95 13 12 18 46 45
Total Current Assets		 18 12 5.93 2.85 12 11 17 44 44
Cash & Equivalents		 17 11 4.86 1.45 10 8.66 13 37 31
Accounts Receivable		 0.12 0.03 0.06 0.15 0.31 0.66 1.24 3.20 3.27
Inventories, net		 0.20 0.62 0.56 0.74 0.64 0.69 1.24 1.26 2.50
Prepaid Expenses		 0.90 0.32 0.45 0.51 0.84 0.95 1.20 3.15 6.89
Plant, Property, & Equipment, net		 0.39 0.38 0.39 0.40 0.33 0.31 0.29 0.30 0.50
Total Noncurrent Assets		 1.41 1.03 0.87 0.70 1.16 1.07 0.97 1.08 1.04
Other Noncurrent Operating Assets		 1.41 1.03 0.87 0.70 1.16 1.07 0.97 1.08 1.04
Total Liabilities & Shareholders' Equity		 20 13 7.18 3.95 13 12 18 46 45
Total Liabilities		 4.56 5.94 4.17 3.52 3.88 3.56 4.11 2.83 5.29
Total Current Liabilities		 3.82 5.57 3.99 3.52 2.92 2.72 3.40 2.39 4.99
Short-Term Debt		 - - - - 0.52 0.35 0.14 0.04 0.31
Accounts Payable		 0.77 1.53 1.80 1.54 1.28 0.77 1.28 0.91 2.27
Accrued Expenses		 1.88 2.64 1.11 0.99 0.64 1.08 1.51 0.83 1.81
Current Deferred Revenue		 0.02 0.01 0.01 0.01 0.01 0.01 0.02 0.10 0.06
Other Current Liabilities		 1.15 1.39 1.07 0.97 0.48 0.51 0.46 0.52 0.54
Total Noncurrent Liabilities		 0.74 0.37 0.19 0.00 0.96 0.84 0.72 0.45 0.30
Other Noncurrent Operating Liabilities		 0.74 0.37 0.19 0.00 0.96 0.84 0.72 0.45 0.30
Commitments & Contingencies		 0.00 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 40
Total Preferred & Common Equity		 15 7.16 3.01 0.43 9.50 8.77 14 43 40
Preferred Stock		 0.00 - 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 40
Common Stock		 392 396 396 397 413 415 422 454 455
Retained Earnings		 -377 -389 -393 -396 -404 -407 -409 -412 -415

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
DEI Shares Outstanding		 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 5,501,101.00
DEI Adjusted Shares Outstanding		 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 5,501,101.00
DEI Earnings Per Adjusted Shares Outstanding		 -26.51 -32.55 -19.54 -15.06 -14.10 -3.32 -2.45 -1.45 -0.61 -0.30 -0.53
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -49.22% -34.02% -60.68% 36.09% 370.33% 435.94% 2,019.57% 453.04% 610.28% 798.54% 216.82%
EBITDA Growth		 25.28% 2.06% -1.86% 20.57% 22.96% 51.01% 36.15% 35.62% 61.34% 44.79% -15.72%
EBIT Growth		 25.04% 2.02% -1.99% 20.29% 22.47% 50.44% 35.55% 35.68% 61.22% 44.80% -14.81%
NOPAT Growth		 27.72% -5.89% 24.10% 29.52% 23.56% 45.82% 40.23% 38.82% 59.21% 48.88% -14.86%
Net Income Growth		 25.00% 0.81% -6.58% 17.06% 10.34% 48.99% 34.52% 38.07% 67.89% 50.80% -4.41%
EPS Growth		 37.34% 31.90% 26.14% 17.06% 10.34% 48.99% 87.69% 91.26% 94.86% 87.89% 77.45%
Operating Cash Flow Growth		 30.54% 5.43% 8.86% 4.10% 19.53% 7.98% 50.12% 39.08% 10.22% -19.37% -83.50%
Free Cash Flow Firm Growth		 50.55% -304.91% -0.29% -80.36% -35.69% 0.61% -22.64% -16.15% -46.12% -25.35% -158.08%
Invested Capital Growth		 -48.49% 28.12% 10.37% 33.92% 33.88% 98.15% 125.01% 195.08% 235.55% 9,477.27% 1,893.07%
Revenue Q/Q Growth		 -46.15% -29.67% -28.13% 400.00% 86.09% -19.86% 184.26% 30.46% 138.99% 1.38% 0.23%
EBITDA Q/Q Growth		 -11.12% -42.02% 36.33% 20.94% -7.77% 9.69% 17.03% 20.27% 35.28% -28.97% -73.90%
EBIT Q/Q Growth		 -11.02% -41.57% 36.05% 20.70% -7.98% 9.50% 16.84% 20.86% 34.89% -28.82% -72.97%
NOPAT Q/Q Growth		 9.55% -45.02% 30.22% 23.01% 1.90% -2.79% 23.01% 21.19% 34.60% -28.82% -72.97%
Net Income Q/Q Growth		 -11.93% -43.30% 35.48% 19.87% -21.01% 18.48% 17.17% 24.21% 37.25% -24.89% -75.79%
EPS Q/Q Growth		 -15.12% -12.12% 41.44% 19.87% -21.01% 18.48% 33.33% -1,537.50% 32.06% 51.69% -23.26%
Operating Cash Flow Q/Q Growth		 21.04% -52.21% -13.74% 29.84% 33.75% -74.05% 38.35% 14.32% 2.35% -131.40% 5.22%
Free Cash Flow Firm Q/Q Growth		 -44.17% -150.21% 42.73% 12.70% -8.47% -83.27% 29.33% 17.33% -36.46% -57.23% -45.50%
Invested Capital Q/Q Growth		 -58.41% -45.98% 48.10% 44.94% -58.51% 95.91% 800.00% 109.31% 125.96% 183.25% 48.78%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 90.11% -70.31% -165.22% -33.04% 48.83% 27.11% 34.67% 36.01% 37.50% 35.53% 3.04%
EBITDA Margin		 -5,183.52% -10,467.19% -9,271.74% -1,466.09% -849.07% -956.85% -279.28% -170.68% -46.22% -58.79% -102.01%
Operating Margin		 -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% -103.37%
EBIT Margin		 -5,237.36% -10,542.19% -9,380.43% -1,487.83% -863.32% -974.93% -285.23% -173.03% -47.14% -59.90% -103.37%
Profit (Net Income) Margin		 -5,060.44% -10,310.94% -9,256.52% -1,483.48% -964.72% -981.34% -285.95% -166.12% -43.62% -53.73% -94.24%
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		 96.62% 97.81% 98.68% 99.71% 111.75% 100.66% 100.25% 96.00% 92.53% 89.71% 91.17%
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% -648.42% -114.61% -156.88%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -642.46% -113.04% -153.43%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 610.23% 99.79% 123.07%
Return on Equity (ROE)		 -107.17% -135.32% -187.27% -243.95% -353.09% -182.14% -232.47% -175.08% -38.19% -14.82% -33.81%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -2,542.97% -1,080.71% -494.62% -194.38% -306.31%
Operating Return on Assets (OROA)		 -106.94% -219.22% -225.93% -54.47% -64.78% -77.13% -57.75% -47.94% -25.84% -17.00% -37.55%
Return on Assets (ROA)		 -103.33% -214.41% -222.95% -54.31% -72.39% -77.64% -57.90% -46.02% -23.92% -15.25% -34.23%
Return on Common Equity (ROCE)		 -107.17% -135.32% -187.27% -243.95% -353.09% -182.14% -232.47% -175.08% -38.19% -14.82% -33.81%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -269.89% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -3.22 -4.67 -3.26 -2.51 -2.46 -2.53 -1.95 -1.53 -1.00 -1.29 -2.24
NOPAT Margin		 -3,535.38% -7,289.84% -7,077.61% -1,089.87% -574.56% -736.94% -199.59% -120.57% -33.00% -41.93% -72.36%
Net Nonoperating Expense Percent (NNEP)		 -6.90% -10.44% -8.08% -10.04% -23.08% -8.27% -12.79% -8.15% -5.95% -1.58% -3.45%
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% -5.53%
Cost of Revenue to Revenue		 9.89% 170.31% 265.22% 133.04% 51.17% 72.89% 65.33% 63.99% 62.50% 64.47% 96.96%
SG&A Expenses to Revenue		 1,657.14% 3,117.19% 3,752.17% 545.65% 307.71% 260.93% 131.90% 97.88% 35.16% 45.04% 47.04%
R&D to Revenue		 2,628.57% 3,420.31% 4,997.83% 638.26% 404.21% 347.52% 112.82% 70.52% 30.82% 32.90% 36.74%
Operating Expenses to Revenue		 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% 106.41%
Earnings before Interest and Taxes (EBIT)		 -4.77 -6.75 -4.32 -3.42 -3.70 -3.34 -2.78 -2.20 -1.43 -1.85 -3.19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -4.72 -6.70 -4.27 -3.37 -3.63 -3.28 -2.72 -2.17 -1.41 -1.81 -3.15
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.83 1.73 2.37 9.26 0.00 0.87 1.06 0.82 0.69 2.02 3.30
Price to Tangible Book Value (P/TBV)		 0.83 1.73 2.37 9.26 0.00 0.87 1.06 0.82 0.69 2.02 3.30
Price to Revenue (P/Rev)		 20.12 28.00 19.26 9.32 11.56 7.93 4.71 3.72 1.54 10.31 12.62
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 2.17 0.00 0.00 8.04 11.01
Enterprise Value to Revenue (EV/Rev)		 0.00 3.70 6.14 5.95 10.86 0.00 0.51 0.00 0.00 5.94 9.67
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 -0.76 0.06 0.04 0.01 0.01 0.00 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		 -1.11 -1.30 -1.19 -1.17 -1.39 -1.22 -1.12 -1.00 -0.95 -0.88 -0.80
Leverage Ratio		 1.28 1.49 1.47 1.52 1.96 1.59 1.66 1.54 1.80 1.13 1.18
Compound Leverage Factor		 1.24 1.45 1.45 1.52 2.20 1.60 1.66 1.48 1.66 1.01 1.08
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% -315.83% 5.22% 3.84% 1.00% 0.70% 0.08% 0.76%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% -315.83% 5.22% 3.84% 1.00% 0.70% 0.08% 0.76%
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% 415.83% 94.78% 96.16% 99.00% 99.30% 99.92% 99.24%
Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.05 -0.04 -0.03 -0.01 -0.01 0.00 -0.04
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.03 0.66 0.64 1.08 1.08 4.51 3.62
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 -0.06 -0.05 -0.04 -0.02 -0.01 -0.01 -0.05
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.04 0.89 0.88 1.51 1.47 6.33 5.09
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		 -31.14 -41.42 -77.17 -142.73 -150.26 -40.92 -44.35 -29.79 -32.17 6.80 3.24
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		 3.25 2.10 1.49 0.81 0.60 4.07 4.03 4.88 4.19 18.54 8.79
Quick Ratio		 3.02 1.92 1.23 0.46 0.29 3.56 3.42 4.16 3.66 16.69 6.90
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2.42 -6.06 -3.47 -3.03 -3.29 -6.02 -4.26 -3.52 -4.80 -7.55 -11
Operating Cash Flow to CapEx		 -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% -2,247.23%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -7.57 -273.67 -607.86 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 -6.18 -212.18 -411.14 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -6.18 -213.14 -413.43 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.02 0.04 0.08 0.08 0.20 0.28 0.55 0.28 0.36
Accounts Receivable Turnover		 3.86 6.89 3.19 3.17 8.53 6.18 5.44 4.33 3.67 4.76 5.33
Inventory Turnover		 1.04 0.72 0.79 1.17 1.63 1.42 2.27 1.95 3.59 5.62 4.83
Fixed Asset Turnover		 1.10 1.15 0.95 1.09 1.96 2.93 5.69 8.74 17.22 26.40 26.17
Accounts Payable Turnover		 0.20 0.17 0.20 0.47 0.41 0.64 1.10 1.36 2.57 4.89 5.06
Days Sales Outstanding (DSO)		 94.47 52.94 114.47 115.26 42.77 59.09 67.14 84.24 99.39 76.61 68.44
Days Inventory Outstanding (DIO)		 350.49 509.09 464.35 313.06 224.02 257.78 160.66 187.63 101.72 64.99 75.65
Days Payable Outstanding (DPO)		 1,818.31 2,113.06 1,805.49 771.09 900.67 571.30 331.91 267.86 142.21 74.63 72.09
Cash Conversion Cycle (CCC)		 -1,373.35 -1,551.02 -1,226.66 -342.77 -633.88 -254.44 -104.11 4.01 58.89 66.97 71.99
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -2.44 -3.56 -1.85 -1.02 -1.61 -0.07 0.46 0.97 2.19 6.19 9.21
Invested Capital Turnover		 -0.23 -0.10 -0.19 -0.34 -0.38 -0.58 -2.85 -120.72 19.65 2.73 2.17
Increase / (Decrease) in Invested Capital		 -0.80 1.39 0.21 0.52 0.83 3.49 2.31 1.98 3.80 6.26 8.75
Enterprise Value (EV)		 -4.40 1.63 2.27 2.57 8.34 -1.26 1.00 -1.52 -1.63 50 101
Market Capitalization		 9.53 12 7.13 4.02 8.87 8.30 9.32 11 8.68 86 132
Book Value per Share		 $2.21 $1.18 $0.46 $0.06 ($0.12) $0.31 $0.26 $0.31 $5.75 $7.77 $7.29
Tangible Book Value per Share		 $2.21 $1.18 $0.46 $0.06 ($0.12) $0.31 $0.26 $0.31 $5.75 $7.77 $7.29
Total Capital		 11 7.16 3.01 0.43 -0.26 10 9.12 14 13 43 40
Total Debt		 0.00 0.00 0.00 0.00 0.82 0.52 0.35 0.14 0.09 0.04 0.31
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		 -14 -11 -4.86 -1.45 -0.54 -9.56 -8.31 -13 -10 -37 -31
Capital Expenditures (CapEx)		 0.09 0.00 0.06 0.07 0.00 0.02 0.02 0.01 0.04 0.04 0.24
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -3.55 -4.60 -2.92 -2.12 -2.50 -0.60 -0.07 0.43 1.35 5.26 7.97
Debt-free Net Working Capital (DFNWC)		 10 6.11 1.94 -0.67 -1.14 9.49 8.59 13 12 42 39
Net Working Capital (NWC)		 10 6.11 1.94 -0.67 -1.96 8.96 8.24 13 12 42 39
Net Nonoperating Expense (NNE)		 1.39 1.93 1.00 0.91 1.67 0.84 0.84 0.58 0.32 0.36 0.68
Net Nonoperating Obligations (NNO)		 -14 -11 -4.86 -1.45 -0.54 -9.56 -8.31 -13 -10 -37 -31
Total Depreciation and Amortization (D&A)		 0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.03 0.03 0.03 0.04
Debt-free, Cash-free Net Working Capital to Revenue		 -748.95% -1,043.31% -788.11% -490.95% -324.87% -57.12% -3.59% 14.08% 24.01% 62.82% 76.05%
Debt-free Net Working Capital to Revenue		 2,191.14% 1,386.39% 524.05% -154.29% -148.70% 906.11% 434.77% 441.45% 208.76% 500.20% 373.60%
Net Working Capital to Revenue		 2,191.14% 1,386.39% 524.05% -154.29% -255.21% 856.16% 417.05% 436.85% 207.19% 499.78% 370.67%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.99) ($1.11) ($0.65) ($15.00) ($519.60) ($3.60) ($0.08) ($1.31) ($0.89) ($0.43) ($0.53)
Adjusted Weighted Average Basic Shares Outstanding		 4.66M 5.96M 6.54M 227.81K 7.95K 948.11K 35.64M 1.61M 1.49M 3.88M 5.51M
Adjusted Diluted Earnings per Share		 ($0.99) ($1.11) ($0.65) ($15.00) ($519.60) ($3.60) ($0.08) ($1.31) ($0.89) ($0.43) ($0.53)
Adjusted Weighted Average Diluted Shares Outstanding		 4.66M 5.96M 6.54M 227.81K 7.95K 948.11K 35.64M 1.61M 1.49M 3.88M 5.51M
Adjusted Basic & Diluted Earnings per Share		 ($0.99) $0.00 $0.00 $0.00 ($519.60) $0.00 $0.00 $0.00 ($0.89) $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 6.08M 6.54M 6.79M 292.88K 1.01M 1.14M 43.66M 2.18M 5.50M 5.50M 5.53M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.22 -4.67 -3.26 -2.51 -2.46 -2.53 -1.95 -1.53 -1.00 -1.29 -2.24
Normalized NOPAT Margin		 -3,535.38% -7,289.84% -7,077.61% -1,089.87% -574.56% -736.94% -199.59% -120.57% -33.00% -41.93% -72.36%
Pre Tax Income Margin		 -5,060.44% -10,310.94% -9,256.52% -1,483.48% -964.72% -981.34% -285.95% -166.12% -43.62% -53.73% -94.24%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 -8.51 -152.00 -397.29 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 -5.67 -114.90 -278.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -8.51 -152.95 -399.57 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -5.67 -115.85 -280.29 0.00 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’ recent statements show strong revenue growth but continued financial stress. Q2 2026 revenue increased to $3.09 million from $975,000 in Q2 2025, although revenue was essentially flat compared with $3.08 million in Q1 2026. The company remains unprofitable, with a $2.91 million net loss and a $3.19 million operating loss in Q2.

  • Revenue has improved substantially. Quarterly revenue rose from $46,000 in Q2 2024 to $3.09 million in Q2 2026. The year-over-year increase in Q2 2026 was approximately 217%, indicating stronger commercial activity.
  • Liquidity is significantly better than in 2024. Cash and equivalents reached $31.2 million at the end of Q2 2026, compared with $4.9 million in Q2 2024 and $1.5 million in Q3 2024.
  • The balance sheet carries relatively little debt. Short-term debt was $307,000 at the end of Q2 2026, while total liabilities were $5.3 million. Total assets of $45.4 million produced a current ratio of approximately 8.8, providing a substantial short-term liquidity cushion.
  • Operating cash burn improved slightly sequentially. Net cash used in operating activities declined from $5.57 million in Q1 2026 to $5.28 million in Q2. Capital expenditures also remained modest at $235,000 in Q2.
  • Cash runway remains dependent on additional financing. Using Q2 operating cash usage as a rough guide, the $31.2 million cash balance represents roughly six quarters of operating funding before considering changes in working capital, revenue growth or financing activity.
  • Working capital has expanded alongside revenue. Accounts receivable increased to $3.3 million and inventories rose to $2.5 million in Q2 2026. This could support future sales, but it also ties up cash and requires monitoring for collection or inventory risks.
  • Research and development spending remains substantial. Q2 research and development expense was $1.14 million, or roughly 37% of revenue. Continued investment may support product development, but profitability will depend on revenue growing faster than these costs.
  • Gross margins deteriorated sharply. Gross profit fell to just $94,000 in Q2 2026 from $1.10 million in Q1 and $338,000 in Q2 2025. The gross margin declined to approximately 3%, compared with nearly 36% in Q1 2026 and 35% in Q2 2025.
  • Operating losses remain large relative to revenue. Q2 operating expenses totaled $3.29 million, exceeding gross profit by a wide margin and producing a $3.19 million operating loss. Energous has reported operating losses in every provided quarter, including a $6.67 million loss in Q1 2024.
  • The company continues to rely on equity financing and faces dilution risk. Q1 2026 financing activities generated $31.8 million, largely from common equity issuance, while the Q2 cash flow statement showed only $103,000 of net financing inflow. Weighted-average basic shares increased to 5.5 million in Q2 2026 from 1.5 million in Q4 2025, although the supplied statements include restatements and unusual share-count variations. Continued capital needs could dilute existing shareholders.

Overall, Energous has moved from a very small cash balance and minimal revenue in 2024 to a stronger liquidity position and substantially higher sales. However, the latest quarter is concerning because revenue did not grow sequentially, gross margin collapsed, and operating cash burn remained above $5 million. Investors should focus on whether the company can convert recent revenue growth into sustainable gross margins and reduce its dependence on future equity financing.

10/11/26 08:21 AM ETAI Generated. May Contain Errors.

Energous Financials - Frequently Asked Questions

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

Energous' net income appears to be on an upward trend, with a most recent value of -$9.59 million in 2025, rising 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%.

In the past 11 quarters, Energous' cash and equivalents has ranged from $1.45 million in Q3 2024 to $36.61 million in Q1 2026, and is currently $31.19 million as of their latest financial filing in Q2 2026.

Energous had total debt of $88 thousand at the end of 2025, a 89.2% decrease from 2024, and none in 2015.

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 8/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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