Energous Corp

energous.com

What Do They Do?

Develops and sells wireless-power transmitters, receiver chips and software for battery-free IoT devices used in retail, logistics and industrial settings.

How Do They Make Money?

For PowerBridge transmitter sales, customers generally pay when products ship; for product-development projects, payment is tied to milestones the customer accepts.

revenue

Segment	Share	Revenue	How money arrives
Power Bridge Sales And Shipping Sold outright	98%		Sold outright
Other	1.9%

Who Are Their Customers?

Serves enterprise customers in retail, industrial, healthcare and logistics settings, including through limited proof-of-concept deployments and larger deployments.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2024: 76% from one customer

Do Revenues Turn Into Profits?

No. It lost $9.6M in FY2025.

Operating income, FY2025

−178% of revenue

▼ −46% (Loss) vs FY2024 (−$18.4M, −2397%)

Net income, FY2025

−171% of revenue

▼ −48% (Loss) vs FY2024 (−$18.4M, −2396%)

Free cash flow, FY2025

−222% of revenue

▼ −30% (Loss) vs FY2024 (−$17.7M, −2308%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +217%; vs $975K in Q2 FY2025

Power Bridge Sales And Shipping share of revenue vs 96.8% in Q2 FY2025

Growing. Revenue grew 7.4x in 4 years, from $756.8K in FY2021 to $5.6M in FY2025, about 65% a year.

An end-to-end IoT offer The latest business description adds the battery-free e-Sense tag and cloud-based e-Compass software as a device-monitoring and management solution; the older report described WattUp charging technology and transmitter and receiver products for electronic devices.

Revenue over time

Power Bridge Sales And Shipping Other

$10M$5M$0

FY2024 FY2025

Comments