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Energous (WATT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Energous (WATT) Q2 2026 earnings results →
Q2 2026 Revenue up 217% year over year to $3.1M · 94¢ of every $1 of revenue lost · operating margin -103.4%
Energous made $3.1M in Q2 2026 (+217% Y/Y): Power Bridge Sales and Shipping $3.0M, Other $67K. Operating margin -103.4%, net loss $2.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $3.1M in Q2 2026, up 217% year over year and roughly flat from the previous quarter. Power Bridge Sales and Shipping was the largest line at 98% of revenue. Power Bridge Sales and Shipping added $2.1M year over year (up 220%), 98% of the total change.
Gross margin was 3.0%, down 31.6 points from Q2 2025. Operating costs exceeded revenue by $3.2M, an operating margin of -103.4%. Operating expenses grew 5% against revenue growth of 217%. The fastest-growing cost line was Other operating costs (+146%). The quarter ended with a net loss of $2.9M, wider than the previous quarter's $1.7M loss.
Operating cash flow was −$5.3M. Non-cash charges added back $66K of depreciation and amortization and $62K of share-based compensation. Working capital and other items used $2.5M. Capital expenditures of $235K exceeded it, leaving free cash flow of −$5.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $3.1M | +217% | -103.4% | −$2.9M | −$5.3M |
| Q1 2026 | 10-Q | May 14, 2026 | $3.1M | +798% | -59.9% | −$1.7M | −$5.6M |
| Q4 2025 | 10-K | Mar 26, 2026 | $3.0M | +610% | -47.1% | −$1.3M | −$2.4M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $1.3M | +453% | -172.2% | −$2.1M | −$2.5M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $975K | 21× | -285.1% | −$2.8M | −$2.9M |
| Q1 2025 | 10-Q | May 13, 2025 | $343K | +436% | n/m | −$3.4M | −$4.7M |
| Q4 2024 | 10-K | Feb 27, 2025 | $428K | +370% | -820.8% | −$4.1M | −$2.7M |
Charts
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About Energous
We have developed scalable, over-the-air Wireless Power Network (“WPN”) technology that integrates advanced semiconductor chipsets, software controls, hardware designs, and antenna systems to enable radio frequency (“RF”)-based charging for ambient Internet of Things (“IoT”) devices, transforming supply chain capabilities from limited tracking to overall business intelligence. Our WPN technology consists of transmitter systems, receiver integrated circuits, and supporting software designed to deliver power and data to battery-free IoT devices across a range of operating distances and power levels. These capabilities support applications that require continuous operation without wired power connections or periodic battery replacement.
In its own words, from its 10-K, filed Mar 26, 2026.
Energous against its Radio & Tv Broadcasting & Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +217% against the peers' median +12%. Operating margin: -103.4% against the peers' median 7.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| WATT Energous | Q2 2026 | $3.1M | +217% | -103.4% |
| QCOM Qualcomm | Q4 FY26 | $10.3B | -8% | 13.1% |
| MSI Motorola Solutions | Q3 2026 | $3.4B | +12% | 23.0% |
| UI Ubiquiti | Q1 FY27 | $1.0B | +40% | 38.1% |
| VISN Vistance Networks | Q3 2026 | $320M | -38% | 7.2% |
| HLIT Harmonic | Q3 2026 | $149M | +64% | 17.6% |
| AVNW Aviat Networks | Q4 FY26 | $121M | +5% | 4.8% |
| PL Planet Labs PBC | Q2 FY27 | $116M | +58% | -11.6% |
| CMTL Comtech Telecommunications | Q3 FY26 | $106M | -16% | -2.9% |
Source: Energous 10-Q on SEC EDGAR · CIK 1575793 · Radio & Tv Broadcasting & Communications Equipment
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results