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Energous (WATT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
Energous (WATT) reported revenue of $3.1M for the first quarter 2026 (Q1 2026), +799% from a year earlier and +1% from the quarter before. Operating margin was -59.9%, net loss $1.7M (53.7% of revenue).
Energous, Q1 2026: revenue $3.1M (+798% year over year), operating margin -59.9%, net loss $1.7M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.1M | +1% | +799% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$5.6M | — | — |
What changed
Revenue was $3.1M in Q1 2026, up 799% year over year and up 1% from the previous quarter. Power Bridge Sales and Shipping was the largest line at 95% of revenue. Power Bridge Sales and Shipping added $2.6M year over year (up 868%), 96% of the total change.
Gross margin was 35.5%, up 8.4 points from Q1 2025. Operating costs exceeded revenue by $1.8M, an operating margin of -59.9%. Operating expenses fell 21% while revenue rose 799%. The fastest-growing cost line was General & admin (+55%). The quarter ended with a net loss of $1.7M, wider than the previous quarter's $1.3M loss.
Operating cash flow was −$5.6M. Non-cash charges added back $34K of depreciation and amortization and $50K of share-based compensation. Working capital and other items used $4.0M. Capital expenditures of $38K exceeded it, leaving free cash flow of −$5.6M.
Questions
What was Energous' revenue in the first quarter 2026?
Energous (WATT) reported revenue of $3.1M for the first quarter 2026 (Q1 2026), +799% from a year earlier and +1% from the quarter before.
Was Energous profitable in the first quarter 2026?
Operating loss was $1.8M (-59.9% of revenue) and net loss $1.7M.
Source: Energous 10-Q on SEC EDGAR.