Energous Corporation reported significant financial improvements in its fiscal year ending December 31, 2025, with revenues reaching $5.6 million, a 633% increase from $768,000 in 2024. This surge in revenue was primarily attributed to the expansion of commercial applications of its Wireless Power Network (WPN) technology, particularly with two Fortune 10 companies, one of which accounted for 85% of the total revenue. The company also noted a gross profit of approximately $2.0 million, a substantial increase from a mere $12,000 in the previous year, reflecting improved product margins as sales volume increased.
The company’s operating expenses decreased by 35% to $12.0 million in 2025, down from $18.4 million in 2024. This reduction was driven by lower research and development costs, which fell by 46% to $4.1 million, as well as decreases in sales and marketing and general administrative expenses. The net loss for the year was $9.6 million, a notable improvement from the $18.4 million loss reported in 2024, indicating a 48% reduction in losses year-over-year.
Energous has made strategic advancements in its product offerings, including the introduction of the battery-free e-Sense tag and the e-Compass cloud-based software platform in the second quarter of 2025. These innovations support the first end-to-end wireless power-enabled IoT device monitoring and management solution. The company has also expanded its patent portfolio to over 300 patents, enhancing its competitive position in the wireless power technology market.
Operationally, Energous has seen a significant increase in customer engagement, transitioning from proof-of-concept trials to larger deployments across various industry verticals. As of December 31, 2025, the company had 27 full-time employees, including 12 engineers, and has maintained a good relationship with its workforce. The company’s cash position improved significantly, with $10.4 million in cash and cash equivalents as of year-end, bolstered by net proceeds from its at-the-market offering program.
Looking ahead, Energous anticipates continued growth as it scales its operations and transitions from research and development to commercial production. However, the company acknowledges the potential need for additional financing to support its long-term business plans, particularly in light of ongoing macroeconomic uncertainties, including inflation and geopolitical tensions. The management believes that its current cash reserves, along with expected revenues, will be sufficient to meet liquidity needs for at least the next 12 months, but it remains open to pursuing further financing options as necessary.
About Energous Corp
Energous Corporation develops RF-based wireless power technology enabling over-the-air charging for IoT devices, sensors, and smart applications. Its solutions support near-field and at-a-distance power transfer, targeting markets such as retail, industrial, healthcare, and consumer electronics. The company’s innovative, scalable system offers a competitive edge through proprietary patents, regulatory approvals, and ecosystem partnerships, facilitating wireless energy delivery and data transfer in diverse, battery-free device ecosystems.
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