Energous Corp
Business
Energous Corp develops and commercializes scalable, RF-based wireless power network technology that enables battery-free operation of Internet of Things devices without wired connections or periodic battery replacement. The company provides transmitter systems, receiver integrated circuits, software controls, and antenna designs supporting applications such as asset tracking, electronic shelf labels, environmental monitoring, and cold-chain sensors in retail, logistics, healthcare, and industrial environments. Products include the PowerBridge transmitter platform and battery-free receiver devices, with technology deployed across commercial and industrial markets globally following FCC and international regulatory approvals.
Summary from 10-K filed 2026-03-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 6 | 768,000 | 474,000 | 851,321 | 756,793 | |
| Cost of revenue | 4 | 756,000 | 279,000 | 1 | — | |
| Gross profit | 2 | 12,000 | 195,000 | — | — | |
| Research and development | 4 | 8 | 11 | 12 | 21 | |
| Sales and marketing | 2 | 3 | 4 | 5 | 9 | |
| General and administrative | 4 | 6 | 7 | 8 | 9 | |
| Severance expense | 403,000 | 1 | 359,000 | 798,391 | 4 | |
| Expenses from abandoned financing transaction | 661,000 | — | — | — | — | |
| Total operating expenses | 12 | 18 | 22 | — | — | |
| Loss from operations | −10 | −18 | −22 | −27 | −41 | |
| Change in fair value of warrant liability | 257,000 | 262,000 | 3 | — | — | |
| Interest income, net | 166,000 | — | 809,000 | 411,065 | 5,492 | |
| Loss on retirement of property and equipment | −1,000 | — | — | — | — | |
| Loss on extinguishment of short-term debt | — | −219,000 | — | — | — | |
| Discount fees from accounts receivable factoring agreements | — | −31,000 | — | — | — | |
| Total other income (expense), net | 422,000 | 12,000 | 3 | 411,065 | 5,492 | |
| Net loss | −10 | −18 | −19 | −26 | −41 | |
| Basic loss per common share | −6.46 | −77.16 | −4.15 | −6.78 | −0.64 | |
| Diluted loss per common share | −6.46 | −77.16 | −4.15 | −6.78 | −0.64 | |
| Weighted average shares outstanding, basic | 1 | 238,453 | 5 | 4 | 65 | |
| Weighted average shares outstanding, diluted | 1 | 238,453 | 5 | 4 | 65 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 10 | 1 | 14 | 26 | 49 | |
| Accounts receivable, net | 3 | 78,000 | 102,000 | 143,353 | 283,602 | |
| Inventory | 2 | 498,000 | 430,000 | 105,821 | — | |
| Prepaid expenses and other current assets | 422,000 | 983,000 | 539,000 | 827,551 | 874,886 | |
| Total current assets | 15 | 3 | 15 | 27 | 50 | |
| Property and equipment, net | 298,000 | 356,000 | 429,000 | 429,035 | 510,197 | |
| Other assets | 252,000 | — | — | — | 11,991 | |
| Operating lease right-of-use assets | 872,000 | 527,000 | 1 | 2 | 618,985 | |
| Total assets | 17 | 4 | 17 | 30 | 51 | |
| Accounts payable | 954,000 | 2 | 2 | 900,765 | 1 | |
| Accrued expenses | 2 | 1 | 1 | 2 | 2 | |
| Accrued severance expense | 0 | 28,000 | 134,000 | 416,516 | 975,439 | |
| Warrant liability | — | 358,000 | 620,000 | — | — | |
| Operating lease liabilities, current portion | 491,000 | 668,000 | 707,000 | 705,894 | 628,307 | |
| Short-term loan payable, net | 88,000 | 818,000 | — | — | — | |
| Deferred revenue | 27,000 | 13,000 | 27,000 | 29,727 | 13,364 | |
| Total current liabilities | 4 | 5 | 5 | 4 | 4 | |
| Operating lease liabilities, long-term portion | 589,000 | — | 557,000 | 1 | 40,413 | |
| Total liabilities | 4 | 5 | 5 | 5 | 4 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| Common Stock, $0.00001 par value, 200,000,000 shares authorized as of December 31, 2025 and 2024; 2,200,240 and 452,533 shares issued and outstanding as of December 31, 2025 and 2024, respectively. | 1,000 | 1,000 | 1,000 | 789 | 767 | |
| Additional paid-in capital | 423 | 399 | 394 | 387 | 383 | |
| Accumulated deficit | −410 | −400 | −382 | −363 | −336 | |
| Total stockholders' equity (deficit) | 12 | −1 | 11 | 25 | 47 | |
| Total liabilities and stockholders' equity | 17 | 4 | 17 | 30 | 51 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net loss | −10 | −18 | −19 | −26 | −41 | |
| Depreciation and amortization | 139,000 | 196,000 | 187,000 | 246,156 | 258,249 | |
| Stock-based compensation | 281,000 | 799,000 | 2 | 3 | 12 | |
| Common stock issued to consultants for services | — | 95,000 | — | — | — | |
| Accrued interest | — | 81,000 | — | — | — | |
| Amortization of short-term loan fees | 39,000 | 13,000 | — | — | — | |
| Accounts receivable, net | −3 | 24,000 | 54,000 | 99,512 | −218,602 | |
| Inventory | −1 | −68,000 | −491,000 | −105,821 | — | |
| Prepaid expenses and other current assets | 933,000 | −42,000 | 288,000 | 47,335 | −238,184 | |
| Other assets | −252,000 | — | — | 11,991 | −10,381 | |
| "Operating lease right-of-use (""ROU"") assets" | 576,000 | 657,000 | 720,000 | 730,452 | 674,306 | |
| Accounts payable | −898,000 | −27,000 | 979,000 | −305,192 | 109,118 | |
| Accrued expenses | 1 | −200,000 | −536,000 | 267,097 | −52,970 | |
| Accrued severance expense | −28,000 | −106,000 | −283,000 | −558,923 | 975,439 | |
| Operating lease liabilities | −484,000 | −540,000 | — | — | — | |
| Deferred revenue | 14,000 | −14,000 | −3,000 | 16,363 | 1,364 | |
| Net cash used in operating activities | −12 | −18 | −19 | −24 | −29 | |
| Purchases of property and equipment | −82,000 | −123,000 | −187,000 | −164,994 | −365,735 | |
| Net cash used in investing activities | −82,000 | −123,000 | −187,000 | −164,994 | −365,735 | |
| Net borrowings from short-term loan | — | 801,000 | — | — | — | |
| Repayments of short-term loan | −873,000 | −269,000 | — | — | — | |
| Net proceeds from exercise of warrant liability | 364,000 | — | — | — | — | |
| Repayments of financed insurance | −338,000 | −348,000 | — | — | — | |
| Net proceeds from an ATM offering | 18 | 3 | 4 | 744,787 | 27 | |
| Net proceeds from a sale of common stock and warrant issuance | 4 | 2 | 3 | — | — | |
| Proceeds from contributions to the ESPP | — | 6,000 | 73,000 | 272,833 | 384,126 | |
| Net cash provided by financing activities | 22 | 5 | 7 | 1 | 27 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 9 | −13 | −12 | −23 | −2 | |
| Interest paid | 277,000 | 140,000 | — | — | — | |
| Decrease in ROU assets and operating lease liabilities from lease amendment | — | 51,000 | — | — | — | |
| Increase in ROU assets and operating lease liabilities from lease modification | 896,000 | 5,000 | — | 2 | — | |
| Decrease in ROU assets from shares issued to landlord | 25,000 | — | — | — | — | |
| Accrued interest in short-term loan payable | 70,000 | — | — | — | — | |
| Reclassification of warrant liability to equity upon warrant exercise | 101,000 | — | — | — | — | |
| Financing of insurance premiums | 372,000 | 402,000 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Energous Corp's CIK number?
Energous Corp's SEC CIK number is 0001575793 (1575793). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Energous Corp's SEC filings?
All of Energous Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Energous Corp last report earnings?
Energous Corp (WATT) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-060256). This is Energous Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is Energous Corp's most recent earnings 8-K?
Energous Corp's latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001104659-26-060256. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Energous Corp's latest earnings 8-K →
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