The 799% YoY revenue growth and 51% net loss improvement confirm the commercial inflection point management described in the FY2025 release. The $36.6M cash position eliminates near-term dilution risk (ATM paused). Watch for the next Fortune 10 deployment update and proof-of-concept conversions to commercial contracts in QSR, grocery, and government sectors as catalysts. The 1% QoQ growth rate is a modest deceleration from prior quarters — monitor whether the 4,700-location retail rollout accelerates revenue in H2 2026.
Price Chart
Executive Summary
Energous reported Q1 2026 revenue of $3.1M (+799% YoY) and a GAAP net loss of $1.7M ($0.43/share), narrowing 51% from a $3.4M loss in Q1 2025. The company posted its fifth consecutive quarter of revenue growth, ended the quarter with $36.6M in cash (up from $10.4M at year-end 2025 after raising $31.9M via ATM), and highlighted two Fortune 10 deployments with over 1,500 installations completed. The sequential revenue growth was only 1% QoQ, and the company remains unprofitable, but the trajectory of narrowing losses and expanding commercial deployments is a clear positive for this micro-cap.
Key Financial Metrics
Key Facts
- Revenue of $3.1M for Q1 2026, up 799% YoY from $0.3M and up 1% sequentially from Q4 2025
- GAAP net loss narrowed 51% YoY to $1.7M ($0.43/share) from $3.4M ($3.55/share)
- Gross margin held at 36%, with gross profit up 1,077% YoY to $1.1M
- Cash and equivalents of $36.6M as of March 31, 2026, up from $10.4M at year-end 2025
- Raised $31.9M net proceeds from ATM program during Q1; no plans to use ATM in next 12 months
- Two Fortune 10 commercial deployments active; retail program targeting ~4,700 U.S. locations with over 1,500 installations completed
- Fifth consecutive quarter of revenue growth; zero product returns since PowerBridge PRO launch in 2024
- International expansion: second Fortune 10 deployment extended beyond U.S. with 14+ international installations
Financial Impact
Revenue grew 799% YoY to $3.1M; net loss improved 51% to $1.7M; cash position tripled to $36.6M
Risk Factors
- Sequential revenue growth slowed to just 1% QoQ, suggesting lumpy enterprise deployment cycles
- Still deeply unprofitable with GAAP net loss of $1.7M on $3.1M revenue
- Heavily reliant on two Fortune 10 customers for revenue concentration
- Micro-cap with limited analyst coverage and low liquidity — stock may be volatile on small volume
- Forward-looking statements about commercial deployment decisions are unproven
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-060256 |
| Document: tm2613253d1_8k.htm | 0001104659-26-060256 |
| Document: 0001104659-26-060256-index-headers.html | 0001104659-26-060256 |
| Document: 0001104659-26-060256-index.html | 0001104659-26-060256 |
| Document: 0001104659-26-060256.txt | 0001104659-26-060256 |
| 8-K Data (Synthetic) | 0001104659-26-060256 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Institutional Cluster | $12.97 | awaiting T+60 | — | $8.44 (−34.93%) |
Aug 12, 2026 10w ago | Press Release | $14.91 | awaiting T+60 | — | $8.44 (−43.37%) |
May 13, 2026 23w ago | 8-K | $26.39 $18.55 | ▼ −29.71% | ▼ −33.30% | $8.44 (−68.02%) |
Mar 25, 2026 30w ago | Press Release | $17.20 $25.79 | ▲ +49.94% | ▲ +36.49% | $8.44 (−50.93%) |
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