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Energous WATT Operating margin

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Other financials

Income statement

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Revenue$3.1M+799%
Gross profit$1.1M+1,077%
Operating income-$1.8M+48.9%
Net income-$1.7M+50.8%
EPS (diluted)-$0.43+87.9%

Balance sheet

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Cash & equivalents$36.6M+263%
Total debt$996.0K-46.7%
Total equity$42.8M+350%
Total assets$45.6M+241%

Cash flow

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Operating cash flow-$5.6M-19.4%
CapEx$38.0K+81.0%
Free cash flow-$5.6M-19.6%

Valuation

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Market cap$132.52M+1,286%
Enterprise value$96.91M+3,769%
P/S15.8×+11.0×

Profitability

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Gross margin36.2%+21.9pp
Net margin-94.2%-45.5pp
FCF margin-160.4%-76.1pp

Returns & leverage

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Return on equity-30.2%-13.7pp
Debt / equity-0.2×
Current ratio18.5×+14.5×

Where this comes from

Calculated from Energous’s reported figures.

Based on trailing twelve months.

The official record: Energous’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Energous's operating margin?
Energous (WATT) reported operating margin of -98.6% in Q1 2026.
How has Energous's operating margin changed year-over-year?
Energous's operating margin increased by 93.3% year-over-year, from -1,466.7% to -98.6%.
What is the long-term trend for Energous's operating margin?
Over 5 years (2020 to 2025), Energous's operating margin has grown at a -55.1% compound annual growth rate (CAGR), from -9,744.7% to -177.9%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.