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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Energous Corp (WATT). Click either name above to swap in a different company.

CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $3.0M, roughly 1.4× Energous Corp). Energous Corp runs the higher net margin — -43.6% vs -188.3%, a 144.7% gap on every dollar of revenue. On growth, Energous Corp posted the faster year-over-year revenue change (610.3% vs -52.5%). Over the past eight quarters, Energous Corp's revenue compounded faster (589.2% CAGR vs -57.6%).

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

Energous Corporation develops, manufactures and licenses patented radio frequency-based over-the-air wireless charging technologies and solutions. Its offerings cater to consumer electronics, wearables, IoT sensors, industrial and healthcare hardware segments, serving global hardware manufacturing clients across major regions worldwide.

CWD vs WATT — Head-to-Head

Bigger by revenue
CWD
CWD
1.4× larger
CWD
$4.1M
$3.0M
WATT
Growing faster (revenue YoY)
WATT
WATT
+662.8% gap
WATT
610.3%
-52.5%
CWD
Higher net margin
WATT
WATT
144.7% more per $
WATT
-43.6%
-188.3%
CWD
Faster 2-yr revenue CAGR
WATT
WATT
Annualised
WATT
589.2%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWD
CWD
WATT
WATT
Revenue
$4.1M
$3.0M
Net Profit
$-7.7M
$-1.3M
Gross Margin
37.5%
Operating Margin
-196.6%
-47.1%
Net Margin
-188.3%
-43.6%
Revenue YoY
-52.5%
610.3%
Net Profit YoY
32.2%
67.9%
EPS (diluted)
$1.95
$-4.95

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CWD
CWD
WATT
WATT
Q4 25
$4.1M
$3.0M
Q3 25
$3.6M
$1.3M
Q2 25
$5.1M
$975.0K
Q1 25
$7.3M
$343.0K
Q4 24
$8.7M
$428.0K
Q3 24
$11.3M
$230.0K
Q2 24
$8.2M
$46.0K
Q1 24
$23.0M
$64.0K
Net Profit
CWD
CWD
WATT
WATT
Q4 25
$-7.7M
$-1.3M
Q3 25
$-4.4M
$-2.1M
Q2 25
$-5.3M
$-2.8M
Q1 25
$-4.4M
$-3.4M
Q4 24
$-11.4M
$-4.1M
Q3 24
$146.0K
$-3.4M
Q2 24
$-4.7M
$-4.3M
Q1 24
$-3.8M
$-6.6M
Gross Margin
CWD
CWD
WATT
WATT
Q4 25
37.5%
Q3 25
36.0%
Q2 25
34.7%
Q1 25
27.1%
Q4 24
48.8%
Q3 24
Q2 24
Q1 24
Operating Margin
CWD
CWD
WATT
WATT
Q4 25
-196.6%
-47.1%
Q3 25
-129.6%
-172.2%
Q2 25
-112.4%
-285.1%
Q1 25
-62.7%
-1052.8%
Q4 24
-236.8%
-820.8%
Q3 24
0.0%
-1557.0%
Q2 24
-65.0%
-10110.9%
Q1 24
-22.9%
-10414.1%
Net Margin
CWD
CWD
WATT
WATT
Q4 25
-188.3%
-43.6%
Q3 25
-120.2%
-166.1%
Q2 25
-104.5%
-285.9%
Q1 25
-60.7%
-981.3%
Q4 24
-247.6%
-964.7%
Q3 24
1.3%
-1483.5%
Q2 24
-57.8%
-9256.5%
Q1 24
-16.6%
-10310.9%
EPS (diluted)
CWD
CWD
WATT
WATT
Q4 25
$1.95
$-4.95
Q3 25
$-1.65
$-1.31
Q2 25
$-4.15
$-0.08
Q1 25
$-3.85
$-0.12
Q4 24
$-10.15
$-60.42
Q3 24
$0.12
$-14.98
Q2 24
$-4.34
$-0.65
Q1 24
$-3.53
$-1.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWD
CWD
WATT
WATT
Cash + ST InvestmentsLiquidity on hand
$2.9M
$10.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$12.5M
Total Assets
$135.4M
$16.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
WATT
WATT
Q4 25
$2.9M
$10.4M
Q3 25
$10.9M
$12.9M
Q2 25
$683.0K
$8.7M
Q1 25
$1.6M
$10.1M
Q4 24
$2.3M
$1.4M
Q3 24
$1.6M
$1.5M
Q2 24
$1.8M
$4.9M
Q1 24
$2.1M
$10.7M
Stockholders' Equity
CWD
CWD
WATT
WATT
Q4 25
$1.3M
$12.5M
Q3 25
$4.2M
$13.7M
Q2 25
$-19.9M
$8.8M
Q1 25
$-15.8M
$9.5M
Q4 24
$-12.6M
$-1.1M
Q3 24
$-3.8M
$434.0K
Q2 24
$-4.7M
$3.0M
Q1 24
$-745.0K
$7.2M
Total Assets
CWD
CWD
WATT
WATT
Q4 25
$135.4M
$16.7M
Q3 25
$82.6M
$17.8M
Q2 25
$59.3M
$12.3M
Q1 25
$103.6M
$13.4M
Q4 24
$105.5M
$3.8M
Q3 24
$158.6M
$4.0M
Q2 24
$195.2M
$7.2M
Q1 24
$201.5M
$13.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWD
CWD
WATT
WATT
Operating Cash FlowLast quarter
$-12.1M
$-2.4M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-80.5%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
WATT
WATT
Q4 25
$-12.1M
$-2.4M
Q3 25
$-4.6M
$-2.5M
Q2 25
$-1.2M
$-2.9M
Q1 25
$-1.7M
$-4.7M
Q4 24
$555.0K
$-2.7M
Q3 24
$-74.0K
$-4.0M
Q2 24
$1.4M
$-5.8M
Q1 24
$-1.5M
$-5.1M
Free Cash Flow
CWD
CWD
WATT
WATT
Q4 25
$-2.4M
Q3 25
$-2.5M
Q2 25
$-2.9M
Q1 25
$-4.7M
Q4 24
Q3 24
$-4.1M
Q2 24
$-5.8M
Q1 24
$-5.1M
FCF Margin
CWD
CWD
WATT
WATT
Q4 25
-80.5%
Q3 25
-194.3%
Q2 25
-296.8%
Q1 25
-1367.1%
Q4 24
Q3 24
-1788.3%
Q2 24
-12667.4%
Q1 24
-7928.1%
Capex Intensity
CWD
CWD
WATT
WATT
Q4 25
1.3%
Q3 25
0.5%
Q2 25
1.6%
Q1 25
6.1%
Q4 24
0.0%
Q3 24
28.3%
Q2 24
123.9%
Q1 24
1.6%
Cash Conversion
CWD
CWD
WATT
WATT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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