Energous Corp income statement
In fiscal 2025, Energous Corp reported revenue of $5.6m, up 633.1% on the year before, operating income of −$10.0m (a -177.9% margin) and net income of −$9.6m, or −$6.46 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 3 | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 1 | 6 | 10 |
| Cost of revenue | — | — | — | — | — | — | — | 0 | — | 1 | 0 | 1 | 4 | 8 |
| Gross profit | — | — | — | — | — | — | — | 0 | — | −0 | 0 | 0 | 2 | 3 |
| Research and development | 2 | 13 | 19 | 33 | 33 | 33 | 23 | 17 | 21 | 12 | 11 | 8 | 4 | 4 |
| Selling and marketing | 0 | 3 | 3 | 3 | 5 | 6 | 5 | 6 | 9 | 5 | 4 | 3 | 2 | 2 |
| General and administrative | 1 | 5 | 8 | 11 | 12 | 12 | 10 | 9 | 9 | 8 | 7 | 6 | 4 | 5 |
| Operating income | −4 | −20 | −28 | −46 | −49 | −51 | −39 | −32 | −41 | −27 | −22 | −18 | −10 | −9 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | 0 | 0 | — |
| Net interest income | −1 | −1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | — | 0 | 1 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | −0 | — | — | — |
| Income before tax | — | — | — | — | — | — | — | — | — | — | — | −18 | −10 | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | 0 | 0 | — | — |
| Net income | −6 | −46 | −28 | −46 | −49 | −51 | −38 | −32 | −41 | −26 | −19 | −18 | −10 | −8 |
| Diluted EPS | −$2.11 | −$5.75 | −$2.07 | −$2.60 | −$2.31 | −$1.99 | −$1.27 | −$0.76 | −$0.64 | −$203.40 | −$4.15 | −$77.16 | −$6.46 | — |
| Diluted shares (average) | — | 13m | — | 29m | 36m | 42m | 50m | 69m | 108m | 129m | — | — | 1m | — |
| EBITDA | −4 | −20 | −27 | −45 | −48 | −50 | −38 | −32 | −41 | −26 | −22 | −18 | −10 | −9 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230 | 428 | 343 | 975 | 1,272 | 3,040 | 3,082 | 3,089 |
| Cost of revenue | 306 | 219 | 250 | 637 | 814 | 1,900 | 1,987 | 2,995 |
| Gross profit | −76 | 209 | 93 | 338 | 458 | 1,140 | 1,095 | 94 |
| Research and development | 1,468 | 1,730 | 1,192 | 1,100 | 897 | 937 | 1,014 | 1,135 |
| Selling and marketing | 699 | 675 | 589 | 704 | 499 | 567 | 539 | 630 |
| General and administrative | 1,255 | 1,317 | 895 | 1,286 | 1,245 | 1,069 | 1,388 | 1,453 |
| Operating income | −3,581 | −3,513 | −3,611 | −2,780 | −2,191 | −1,433 | −1,846 | −3,193 |
| Interest expense | — | — | 200 | 100 | 4 | 0 | — | — |
| Net interest income | 10 | — | −22 | −7 | 88 | 107 | 190 | 282 |
| Net income | −3,412 | −4,129 | −3,366 | −2,788 | −2,113 | −1,326 | −1,656 | −2,911 |
| Diluted EPS | −$14.98 | −$10.76 | −$3.55 | −$2.35 | −$1.31 | $0.15 | −$0.43 | −$0.53 |
| EBITDA | −3,531 | −3,465 | −3,566 | −2,739 | −2,166 | −1,405 | −1,812 | −3,151 |
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