Energous Corporation's Fiscal 2025: Record Revenue Growth and Reduced Losses

Font: Financial Modeling Prep  • Mar 25, 2026

Energous Corporation’s Financial Performance Shows Strong Revenue Growth and Reduced Losses

Energous Corporation (NASDAQ:WATT), a developer of wireless power solutions, reported significant financial progress in its fiscal year 2025 results, highlighted by record revenue growth and substantially reduced losses. While the company remains unprofitable, its latest performance reflects meaningful advancement toward financial sustainability.

Energous focuses on developing over-the-air wireless charging technologies and continues to expand commercial adoption of its solutions. Despite operating in a competitive technology landscape, the company has demonstrated accelerating momentum.

Earnings Performance

For the fiscal year ending December 31, 2025, Energous reported a GAAP net loss of approximately $9.6 million, or $(6.46) per share, representing a 48% improvement compared to a loss of $(77.16) per share in 2024.

This marks the lowest net loss since 2013, indicating substantial progress in cost control and operational efficiency. Although earnings per share (EPS) remain negative, the sharp reduction in losses highlights the company’s movement toward profitability.

On a quarterly basis, the company reported a net loss of approximately $1.3 million in Q4 2025, continuing a trend of narrowing losses.

Revenue Performance

Energous achieved record revenue of approximately $5.6 million for fiscal year 2025, representing a 633% increase year-over-year and the highest annual revenue in the company’s history.

The company also delivered strong quarterly growth, reporting approximately $3.0 million in revenue for Q4 2025, a 139% increase from the previous quarter and its fourth consecutive quarter of growth.

This sustained revenue expansion reflects increasing commercial deployments and growing adoption of Energous’ wireless power network solutions.

Progress Toward Profitability

Energous continues to make measurable progress toward profitability through a combination of revenue growth and cost discipline.

• GAAP operating expenses declined to approximately $12.0 million, down from $18.4 million in 2024.
• Gross profit increased significantly to $2.0 million, with gross margins improving to 36%.

These improvements demonstrate the company’s ability to scale operations more efficiently while expanding revenue.

Financial Position

Energous maintains a conservative capital structure, supported by a low debt-to-equity ratio of 0.09 and a current ratio of 4.19, indicating strong liquidity and limited reliance on debt financing.

However, challenges remain. Despite improved performance, the company continues to generate losses and must further scale revenue and improve margins to achieve consistent profitability.

Energous Corporation’s fiscal 2025 results highlight a company undergoing a meaningful transformation. While EPS remains negative at $(6.46), the combination of record revenue growth, reduced losses, and improved margins signals strong operational progress.

If Energous can sustain its growth trajectory and continue narrowing losses, it may be positioned to reach profitability in the future, though execution risks remain in a competitive and evolving market.