WATT Nasdaq Radio & Tv Broadcasting & Communications Equipment Financials FY2016βFY2025
Energous Corp had $5.6M of revenue in fiscal 2025, up 633.1% on the year before. Over five years, revenue changed +76.6% a year on average.
Last close Β· Oct 23, 2026
$8.78
0.6%Hi! I read Energous Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+633.1%
Yes. Sales grew 633.1% last year.
Does it make a profit?
β170.4%
No. It lost money last year.
Does profit turn into cash?
β222.1%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Energous Corp did it, and the next one. Share prices often move a lot on those days.
Next results
November 11, 2026
Wednesday Β· in 16 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 12, 2026 | Q2 '26 | After the market closes | 8-K β |
| May 13, 2026 | Q1 '26 | After the market closes | 8-K β |
| Jan 13, 2026 | Q4 '25 | Before the market opens | 8-K β |
| Oct 15, 2025 | Q3 '25 | After the market closes | 8-K β |
| Jul 8, 2025 | Q2 '25 | Before the market opens | 8-K β |
| May 13, 2025 | Q1 '25 | After the market closes | 8-K β |
| Feb 27, 2025 | Q4 '24 | After the market closes | 8-K β |
| Nov 12, 2024 | Q3 '24 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Energous Corp had $5.6M of revenue in fiscal 2025, up 633.1% on the year before. Over five years, revenue changed +76.6% a year on average. Its operating margin was β177.9%, up 2,219.2Β pts: of every 100 in sales, about β178 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Energous Corp lost $9.6M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$12.5M in fiscal 2025, β222.1% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· Energous Corp has $10.3M more cash than debt.
Cash, debt and the ratios that show how comfortably Energous Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $49.1M | $26.3M | $13.9M | $1.4M | $10.4M |
| Debt incl. finance leases | β | β | β | $0.8M | $0.1M |
| Debt / equity | β | β | β | β | 0.0x |
| Interest coverage | β | β | β | β92.1x | β50.1x |
| Current ratio | 11.6x | 7.1x | 3.2x | 0.6x | 4.2x |
| Quick ratio | 11.6x | 7.1x | 3.2x | 0.5x | 3.8x |
| Total assets | $51.4M | $29.8M | $16.7M | $3.8M | $16.7M |
| Total liabilities | $4.4M | $5.1M | $5.2M | $4.9M | $4.2M |
| Shareholders' equity | $47.0M | $24.6M | $11.5M | β$1.1M | $12.5M |
| Net debt (β = net cash) | β | β | β | β$0.5M | β$10.3M |
KIRA Β· Its return on capital was β362.1%: every 100 invested in the business earned about β362 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Energous Corp passes 5 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 2 / 7 | 3 / 7 | 2 / 7 | 3 / 7 | 2 / 7 | 3 / 7 | 2 / 8 | 3 / 8 | 5 / 9 |
| Accruals ratio | β36.2% | β59.0% | β97.9% | β50.2% | β18.0% | β24.3% | β6.5% | β0.5% | β8.1% | 27.5% |
| Altman Z'' | β10.91 | β50.59 | β38.43 | β36.88 | β3.61 | β9.66 | β35.51 | β77.17 | β380.21 | β76.20 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.5M | $1.2M | $0.5M | $0.2M | $0.3M | $0.8M | $0.9M | $0.5M | $0.8M | $5.6M |
| Net interest income | $0.0M | $0.0M | $0.1M | $0.4M | $0.1M | $0.0M | $0.4M | $0.8M | β | $0.2M |
| Provision for credit losses | β | β | β | β | β | β | β | β$0.0M | β | β |
| Gross profit | β | β | β | β | $0.2M | β | β$0.4M | $0.2M | $0.0M | $2.0M |
| Research and development | $32.8M | $33.2M | $32.9M | $23.2M | $17.1M | $20.6M | $12.5M | $10.8M | $7.7M | $4.1M |
| Operating income | β$45.8M | β$49.4M | β$50.9M | β$38.8M | β$31.9M | β$41.4M | β$26.7M | β$22.1M | β$18.4M | β$10.0M |
| Interest expense | β | β | β | β | β | β | β | β | $0.2M | $0.2M |
| Pretax income | β | β | β | β | β | β | β | β | β$18.4M | β$9.6M |
| Income tax | β | β | β | β | β | β | β | $0.0M | $0.0M | β |
| Net income | β$45.8M | β$49.4M | β$50.8M | β$38.4M | β$31.8M | β$41.4M | β$26.3M | β$19.4M | β$18.4M | β$9.6M |
| Diluted EPS | β$2.60 | β$2.31 | β$1.99 | β$1.27 | β$0.76 | β$0.64 | β$6.78 | β$4.15 | β$77.16 | β$6.46 |
| Diluted shares | 0.02B | 0.02B | 0.03B | 0.03B | 0.04B | 0.06B | 0.00B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||||||||
| Cash from operations | β$33.1M | β$34.4M | β$32.5M | β$26.6M | β$24.8M | β$28.7M | β$23.6M | β$19.2M | β$17.6M | β$12.4M |
| Capital expenditure | $1.1M | $0.8M | $0.9M | $0.2M | $0.1M | $0.4M | $0.2M | $0.2M | $0.1M | $0.1M |
| Free cash flow | β$34.2M | β$35.2M | β$33.4M | β$26.8M | β$24.9M | β$29.1M | β$23.8M | β$19.4M | β$17.7M | β$12.5M |
| Depreciation and amortization | $1.0M | $1.3M | $1.1M | $0.8M | $0.4M | $0.3M | $0.2M | $0.2M | $0.2M | $0.1M |
| Stock-based compensation | $9.5M | $15.8M | $16.8M | $10.6M | $7.9M | $11.9M | $2.9M | $1.7M | $0.8M | $0.3M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $31.3M | $12.8M | $20.1M | $21.7M | $50.7M | $49.1M | $26.3M | $13.9M | $1.4M | $10.4M |
| Total debt | β | β | β | β | β | β | β | β | $0.8M | $0.1M |
| Current assets | $32.9M | $13.9M | $20.8M | $22.2M | $51.4M | $50.2M | $27.4M | $15.0M | $2.9M | $15.3M |
| Current liabilities | $6.7M | $3.6M | $3.6M | $4.5M | $3.5M | $4.3M | $3.8M | $4.6M | $4.9M | $3.7M |
| Inventory | β | β | β | β | β | β | $0.1M | $0.4M | $0.5M | $1.5M |
| Property and equipment, net | $2.2M | $1.4M | $1.2M | $0.6M | $0.4M | $0.5M | $0.4M | $0.4M | $0.4M | $0.3M |
| Total assets | $35.3M | $15.4M | $22.0M | $24.9M | $53.1M | $51.4M | $29.8M | $16.7M | $3.8M | $16.7M |
| Total liabilities | $6.7M | $3.6M | $3.6M | $5.9M | $4.1M | $4.4M | $5.1M | $5.2M | $4.9M | $4.2M |
| Preferred stock | $0.0M | β | β | β | β | β | β | β | β | β |
| Shareholders' equity | $28.6M | $11.8M | $18.4M | $19.0M | $49.1M | $47.0M | $24.6M | $11.5M | β$1.1M | $12.5M |
| Margins | ||||||||||
| Gross margin | β | β | β | β | 61.4% | β | β50.1% | 41.1% | 1.6% | 36.0% |
| Operating margin | β3,156.6% | β4,279.7% | β9,893.0% | β19,394.3% | β9,743.2% | β5,474.7% | β3,134.8% | β4,662.2% | β2,397.1% | β177.9% |
| EBITDA margin | β3,090.6% | β4,166.2% | β9,688.2% | β19,003.8% | β9,634.4% | β5,440.6% | β3,105.8% | β4,622.8% | β2,371.6% | β175.4% |
| Net margin | β3,155.7% | β4,278.8% | β9,875.7% | β19,190.0% | β9,722.7% | β5,474.0% | β3,086.5% | β4,085.9% | β2,395.6% | β170.4% |
| FCF margin | β2,355.5% | β3,054.4% | β6,485.4% | β13,401.9% | β7,614.0% | β3,843.3% | β2,795.9% | β4,100.4% | β2,304.2% | β222.1% |
| Net interest share of revenue | 0.9% | 1.0% | 17.3% | 208.0% | 21.7% | 0.7% | 48.3% | 170.7% | β | 2.9% |
| Returns | ||||||||||
| Return on capital | β | β | β | β | β | β | β | β | β | β362.1% |
| Return on capital employed | β160.5% | β420.0% | β277.2% | β190.1% | β64.3% | β88.1% | β103.0% | β183.3% | 1,709.4% | β76.5% |
| Return on equity | β160.5% | β245.0% | β337.5% | β205.4% | β93.5% | β86.3% | β73.4% | β107.2% | β353.1% | β168.0% |
| Return on assets | β129.9% | β194.9% | β271.8% | β163.8% | β81.6% | β79.3% | β64.8% | β83.4% | β179.7% | β93.4% |
| Return on tangible equity | β160.5% | β419.9% | β276.8% | β202.0% | β64.9% | β88.2% | β106.6% | β168.4% | β | β76.8% |
| Growth | ||||||||||
| Revenue growth | β | β20.5% | β55.4% | β61.1% | 63.6% | 131.2% | 12.5% | β44.3% | 62.0% | 633.1% |
| Share count change | β | 20.9% | 19.4% | 18.7% | 37.6% | 55.9% | β94.0% | 20.4% | β94.9% | 522.7% |
| Financial health | ||||||||||
| Debt / equity | β | β | β | β | β | β | β | β | β | 0.0x |
| Interest coverage | β | β | β | β | β | β | β | β | β92.1x | β50.1x |
| Current ratio | 4.9x | 3.8x | 5.7x | 5.0x | 14.7x | 11.6x | 7.1x | 3.2x | 0.6x | 4.2x |
| Quick ratio | 4.9x | 3.8x | 5.7x | 5.0x | 14.7x | 11.6x | 7.1x | 3.2x | 0.5x | 3.8x |
| Capital allocation | ||||||||||
| Capex / revenue | 78.3% | 70.8% | 167.0% | 98.1% | 41.7% | 48.3% | 19.4% | 39.5% | 16.0% | 1.5% |
| Stock comp / revenue | 654.9% | 1,369.4% | 3,254.4% | 5,320.6% | 2,412.3% | 1,576.5% | 342.9% | 354.0% | 104.0% | 5.0% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 2.0 | 3.0 | 2.0 | 3.0 | 2.0 | 3.0 | 2.0 | 3.0 | 5.0 |
| Altman Z'' | β10.9 | β50.6 | β38.4 | β36.9 | β3.6 | β9.7 | β35.5 | β77.2 | β380.2 | β76.2 |
| Accruals ratio | β36.2% | β59.0% | β97.9% | β50.2% | β18.0% | β24.3% | β6.5% | β0.5% | β8.1% | 27.5% |
Source: SEC EDGAR XBRL filings (CIK 0001575793). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
