WATT Energous Corp

Overview and Growth

Energous Corp generated $5.63M of revenue in fiscal 2025, with net loss of $9.59M and an operating cash outflow of $12.42M. At $5.63M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line expanded 633.1% from $768.00K in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were -$6.46, translating the period’s attributable earnings into the amount reported for each diluted share. The diluted weighted-average share count was 1.49M, linking total earnings with the per-share result received by shareholders. Compared with 238.45K diluted shares in fiscal 2024, the current 1.49M base was 522.8% higher. The company employed $16.74M of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.34x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $2.03M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 36.0% of revenue, quantifying the portion retained before operating expenses were recognized. Operations produced a $10.02M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 177.9%, showing the shortfall after operating costs. The bottom-line result was a net loss of $9.59M after operating, financing, tax, and other recognized items. The net loss equaled 170.4% of revenue, showing the bottom-line deficit relative to the company’s sales base. EBITDA was negative $9.91M, showing a deficit before interest, taxes, depreciation, and amortization. The company reported a pretax loss of $9.59M, before the effect of income taxes. The pretax loss equaled 170.4% of revenue, measuring the pre-tax deficit against sales. The loss-to-equity relationship was 76.8%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 57.3%. Compared with a $18.40M net loss in fiscal 2024, the current loss improved to $9.59M.

Liquidity and Capital Structure

Total assets were $16.74M, supported by $4.24M of liabilities and $12.50M of shareholder equity. The near-term balance sheet paired $15.32M of current assets with $3.65M of current liabilities at the reporting date. The current ratio was 4.19x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $10.40M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 284.6%, excluding receivables and other current assets. The equity-to-assets relationship was 74.7%, placing book capital against the total resource base. Relative to total assets, liabilities measured 25.3%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 62.1% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $3.79M in fiscal 2024, the current asset base moved 341.2% and finished higher. Compared with $1.35M in fiscal 2024, the current cash balance moved 668.7% and finished higher.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $12.42M, rather than cash generation from operations. Capital spending of $82.00K added to the period’s operating cash use, reinforcing the overall cash deficit after investment for the year. The company recorded a $12.50M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 222.1% of revenue, showing the post-investment cash shortfall relative to sales. Relative to total assets, the post-investment cash deficit measured 74.7%. Compared with a $17.57M operating cash outflow in fiscal 2024, the current outflow improved to $12.42M.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.