Energous Corp. (WATT) intrinsic value & 10-year financials
Energous Corp. (WATT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 16.2% a year to $5.6M, with an average return on invested capital of 1112.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $8.57
- Market cap
- $12.7M
- Revenue (FY2025)
- $5.6M
- Revenue growth (10-yr CAGR)
- 16.2%
- ROIC (10-yr avg)
- 1112.9%
- Free cash flow (FY2025)
- -$12.5M
WATT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.6M | -$9.6M | -$6.46 | -$12.5M | -177.9% | -1651.1% |
| FY2024 | $768.0K | -$18.4M | -$2.57 | -$17.7M | -2397.1% | 1054.0% |
| FY2023 | $474.2K | -$19.4M | -$4.15 | -$19.4M | -4660.6% | 1956.4% |
| FY2022 | $851.3K | -$26.3M | -$0.34 | -$23.8M | -3134.7% | 2167.6% |
| FY2021 | $756.8K | -$41.4M | -$0.64 | -$29.1M | -5474.8% | 2632.7% |
| FY2020 | $327.4K | -$31.8M | — | -$24.9M | -9744.7% | 2686.9% |
| FY2019 | $200.1K | -$38.4M | — | -$26.8M | -19390.1% | 3025.9% |
| FY2018 | $514.8K | -$50.8M | — | -$33.4M | -9892.6% | -337.5% |
| FY2017 | $1.2M | -$49.4M | — | -$35.2M | -4279.7% | -245.0% |
| FY2016 | $1.5M | -$45.8M | — | -$34.2M | -3156.5% | -160.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Energous Corp is a consistent compounder, expanding top-line revenue at 16.3% annually over the past decade.
Energous Corp returns on capital have been average, hovering around 11.1% ROIC over the decade.
Energous Corp capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Energous Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-214.57 per share.