Energous Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 12, 2026, reporting third-quarter revenue of $3.4 million and a net loss of $2.51 million.

Key Highlights

  • Revenue nearly tripled year-over-year: Net revenue for the three months ended September 30, 2026 was $3,400 thousand, compared with $1,272 thousand in the same period of 2025, according to the filing.
  • Net loss improved: The company reported a net loss of $2,510 thousand for Q3 2026, versus a net loss of $2,113 thousand in Q3 2025, as disclosed in the condensed statements of operations.
  • Nine-month revenue grew sharply: For the nine months ended September 30, 2026, net revenue was $9,571 thousand, up from $2,590 thousand in the same period of 2025.
  • Cash position increased significantly: Cash and cash equivalents stood at $28,830 thousand as of September 30, 2026, compared with $10,401 thousand as of December 31, 2025.
  • Share count more than doubled: Common shares issued and outstanding were 5,527,073 as of September 30, 2026, up from 2,200,240 as of December 31, 2025, reflecting ATM placements and warrant exercises.
  • ATM offering raised $31.9 million net: During Q1 2026, the company issued 3,299,728 shares in an at-the-market placement, net of $1,013 thousand in issuance costs, generating $31,867 thousand in proceeds.
  • Accumulated deficit reached $417.1 million: As of September 30, 2026, accumulated deficit was $417,110 thousand, compared with $410,033 thousand at December 31, 2025.

Energous Reports Q3 2026 Financial Results on NASDAQ:WATT

According to the Form 10-Q filed on November 12, 2026, Energous Corporation (NASDAQ:WATT) reported net revenue of $3,400 thousand for the three months ended September 30, 2026, an increase from $1,272 thousand in the third quarter of 2025. Cost of net revenue for the same period was $2,921 thousand, resulting in gross profit of $479 thousand, compared with gross profit of $458 thousand a year earlier. Total operating expenses for Q3 2026 were $3,240 thousand, producing a loss from operations of $2,761 thousand.

For the nine months ended September 30, 2026, the filing disclosed net revenue of $9,571 thousand against cost of net revenue of $7,903 thousand, yielding gross profit of $1,668 thousand. The nine-month loss from operations was $7,800 thousand, an improvement from $8,582 thousand in the comparable 2025 period. Interest income of $723 thousand for the nine-month period partially offset operating losses, bringing the nine-month net loss to $7,077 thousand, compared with $8,267 thousand a year earlier. Basic and diluted loss per share for the nine months was $1.42, versus $6.61 in the prior-year period, reflecting the higher weighted average share count of 4,978,691 versus 1,251,192.

The balance sheet as of September 30, 2026 showed total assets of $43,220 thousand and total stockholders' equity of $37,884 thousand. Inventory increased to $4,550 thousand from $1,509 thousand at December 31, 2025, and prepaid expenses and other current assets rose to $4,855 thousand from $422 thousand. Total liabilities were $5,336 thousand. The company reported 5,527,364 shares of common stock outstanding as of November 9, 2026. The company classified itself as a non-accelerated filer and smaller reporting company.

What Was Disclosed

Energous filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing increased revenue, an expanded balance sheet driven by ATM equity issuances, a higher cash balance, and a continued accumulated deficit of $417,110 thousand.