Energous Corporation reported significant financial growth in its latest 10-Q filing for the quarter ending June 30, 2026, with revenues reaching $3.1 million, a 217% increase from $975,000 in the same period last year. For the first half of 2026, the company generated $6.2 million in revenue, compared to $1.3 million in the first half of 2025, marking a 368% increase. Despite this growth, Energous incurred a net loss of $2.9 million for the second quarter and $4.6 million for the first half, although these figures represent a slight improvement from losses of $2.8 million and $6.2 million, respectively, in the prior year.
The substantial revenue increase is attributed to heightened demand from a Fortune 10 e-commerce technology customer and a large-scale proof of concept deployment with a U.S. government sector customer. The company also noted that its participation in the Amazon Web Services Partner Network contributed to additional revenue through various proof of concept projects. However, the cost of revenue surged to $3.0 million in the second quarter, up from $637,000 a year earlier, primarily due to increased sales volume and necessary hardware upgrades for a key customer.
Energous has made strategic advancements, including the introduction of new products such as the battery-free e-Sense tag and the e-Compass cloud-based software platform, which support its wireless power network technology. The company has also expanded its manufacturing capabilities by partnering with a new U.S.-based contract manufacturer, which has allowed for quicker production adjustments to meet customer demands. As of June 30, 2026, Energous reported total assets of $45.4 million, significantly up from $16.7 million at the end of 2025, bolstered by cash and cash equivalents of $31.2 million.
Operationally, Energous has seen an increase in customer engagement, with five customers accounting for approximately 74% of its revenue in the second quarter. The company’s employee headcount has also grown, reflecting its expansion efforts. However, the company remains cautious about its future, acknowledging that the adoption of its emerging technology may take longer than anticipated. Management indicated that while current cash reserves are sufficient to fund operations for at least the next twelve months, they may seek additional financing options to support ongoing growth and development.
Looking ahead, Energous aims to continue innovating its technology and expanding its market presence. The company recognizes the challenges posed by global economic conditions, including inflation and geopolitical tensions, which could impact its operations and financial performance. Despite these uncertainties, Energous remains focused on leveraging its patented technology and strategic partnerships to drive future growth.
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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