Energous Stock Soars on Record 630% Annual Revenue Growth
Wireless charging firm beats Q4 estimates by over 40% and narrows losses, signaling a strategic pivot to its IoT-focused power solutions is gaining traction.
Shares of Energous Corporation (NASDAQ: WATT) surged in trading after the wireless charging technology company announced preliminary financial results for fiscal year 2025, revealing a year of explosive growth and significant operational improvements.
The San Jose-based firm reported preliminary full-year 2025 revenue of approximately $5.6 million, a staggering 630% increase from the $0.8 million reported in 2024. The results, detailed in a company press release, marked the highest annual revenue in the company’s history and suggest its strategic focus on wireless power networks for the Internet of Things (IoT) is beginning to pay dividends.
The fourth quarter was particularly strong, with preliminary revenue hitting $3.0 million, a sequential increase of 139% and a beat of more than 41% against analyst estimates. This top-line acceleration was accompanied by improved financial discipline. Energous announced its net loss for the year is expected to improve by more than 45%, with a 25% reduction in net loss in Q4 compared to the prior quarter.
“2025 was a defining year for Energous, highlighted by consecutive quarters of record revenue growth, improved operating performance, and a fortified balance sheet to support our strategic initiatives,” said Mallorie Burak, CEO and CFO of Energous. She described the period as a "transformational year," noting that the accelerating demand for wireless power validates the company's technology and strategy.
Investors reacted positively to the news, which points toward a potential turnaround for the small-cap tech firm. The company's stock, which has traded between a 52-week range of $3.62 and $20.37, saw a significant spike in volume. While the company is not yet profitable, some analysts have set a bullish price target of $60, signaling high expectations for its future growth trajectory.
Throughout 2025, Energous aggressively pursued its go-to-market strategy, expanding its product portfolio with four new offerings aimed at creating a fully integrated, battery-free "Ambient IoT" platform. These include the e-Sense wireless sensor and the PowerBridge MOD modular transmitter. This ecosystem is designed to provide power, sensing, data, and intelligence for devices in retail, logistics, and industrial settings.
A key part of this strategy included joining the Amazon Web Services (AWS) Partner Network, making its hardware and software available on the Amazon Marketplace to streamline procurement for enterprise clients. This move appears to be bearing fruit.
Operational milestones from 2025 underscore the company's commercial momentum. Energous shipped more than 25,000 of its WattUp PowerBridge units, which are now deployed in over 410 retail stores and fulfillment centers, and completed 14 international deployments. The company also highlighted a confirmed order backlog of approximately $4.2 million, providing some visibility into future revenue.
To fund this expansion, Energous shored up its finances by raising approximately $23.9 million in equity capital while eliminating high-interest debt from its balance sheet. “With a stronger balance sheet, expanding customer deployments and a growing ecosystem built around our wireless power platform, we are well positioned to scale in 2026 and beyond,” Burak concluded.
As Energous moves forward, investors will be watching to see if the company can maintain its rapid revenue growth, continue to narrow its losses, and convert its technological platform and growing customer interest into sustained profitability.