Filing Flows › Energous (WATT) › Q4 2025
Energous (WATT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 26, 2026
Energous (WATT) reported revenue of $3.0M for the fourth quarter 2025 (Q4 2025), +610% from a year earlier and +139% from the quarter before. Operating margin was -47.1%, net loss $1.3M (43.6% of revenue).
Energous, Q4 2025: revenue $3.0M (+610% year over year), operating margin -47.1%, net loss $1.3M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0M | +139% | +610% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $3.0M in Q4 2025, up 610% year over year and up 139% from the previous quarter.
Gross margin was 37.5%, down 11.3 points from Q4 2024. Operating costs exceeded revenue by $1.4M, an operating margin of -47.1%. Operating expenses fell 31% while revenue rose 610%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $2.1M loss.
Operating cash flow was −$2.4M. Non-cash charges added back $28K of depreciation and amortization and $33K of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $39K exceeded it, leaving free cash flow of −$2.4M.
Questions
What was Energous' revenue in the fourth quarter 2025?
Energous (WATT) reported revenue of $3.0M for the fourth quarter 2025 (Q4 2025), +610% from a year earlier and +139% from the quarter before.
Was Energous profitable in the fourth quarter 2025?
Operating loss was $1.4M (-47.1% of revenue) and net loss $1.3M.
Source: Energous 10-K on SEC EDGAR.