The dramatic revenue growth, margin expansion, and cash raise significantly de-risk the near-term outlook. Traders should monitor execution on scaling deployments, particularly the Fortune 10 retailer rollout and proof-of-concept expansions, as key catalysts for sustained revenue acceleration.
Price Chart
Executive Summary
Energous (WATT) reported strong 2025 financial results with $5.63 million in revenue, a 633% year-over-year increase and the highest annual revenue in company history. The GAAP net loss narrowed 48% to $9.59 million, the lowest since 2013, while gross margin surged to 36% from 2%. The company also raised $31.9 million in net proceeds post-year-end, boosting cash to $39.4 million as of March 23, 2026.
Key Financial Metrics
Key Facts
- Revenue for 2025 was $5.63 million, up 633% from $768,000 in 2024
- GAAP net loss narrowed 48% to $9.59 million ($6.46 per share) from $18.40 million ($77.16 per share) in 2024
- Gross margin improved to 36% from 2% in the prior year
- Operating expenses declined 35% to $12.04 million from $18.42 million
- Company raised $31.9 million in net proceeds via ATM program after year-end, bringing cash to $39.4 million as of March 23, 2026
- Over 25,000 PowerBridge transmitters shipped in 2025 with zero returns
- Fortune 10 retailer expanding deployment from 410 to 4,700 locations
Financial Impact
Revenue increased by $4.86 million YoY; net loss reduced by $8.8 million; cash position increased by $29 million post-year-end
Risk Factors
- Company remains unprofitable on both GAAP and non-GAAP bases
- Revenue base is still small ($5.6M) and concentrated in early adopters
- Forward-looking statements around growth and adoption are subject to execution risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3262059 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | Institutional Cluster | $12.97 | awaiting T+60 | — | $8.78 (−32.31%) |
Aug 12, 2026 10w ago | Press Release | $14.91 | awaiting T+60 | — | $8.78 (−41.09%) |
May 13, 2026 23w ago | 8-K | $26.39 $18.55 | ▼ −29.71% | ▼ −33.30% | $8.78 (−66.73%) |
Mar 25, 2026 30w ago | Press Release | $17.20 $25.79 | ▲ +49.94% | ▲ +36.49% | $8.78 (−48.95%) |
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