Energous Q1 Revenue Jumps 799% to $3.1M, Loss Narrows 51%
Energous posted Q1 revenue of $3.1 million, up 799% year-on-year and marking a fifth consecutive quarter of growth, with gross profit of $1.1 million and a 36% margin. GAAP net loss narrowed 51% to $1.7 million ($0.43/share) on $36.6 million cash after raising $31.9 million via ATM offering.
1. Financial Results
Energous reported Q1 2026 revenue of approximately $3.1 million, a 1% sequential increase and 799% gain versus Q1 2025, marking its fifth consecutive quarter of growth. Gross profit reached $1.1 million (36% margin), while GAAP net loss improved 51% to $1.7 million ($0.43 per share) from $3.4 million a year ago.
2. Liquidity and Financing
As of March 31, 2026, the company held $36.6 million in cash and equivalents. During the quarter, Energous raised $31.9 million in net proceeds through its at-the-market offering and does not plan further ATM sales within the next twelve months.
3. Commercial Deployment Updates
Energous is scaling enterprise deployments with two active Fortune 10 programs—one targeting ~4,700 U.S. retail locations with 1,500 installations and another extended internationally with 14 installations so far. The company’s AWS Partner ISV Accelerate status underpins an expanding proof-of-concept pipeline across QSR, grocery, manufacturing and government sectors.