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Side-by-side financial comparison of TOP Financial Group Ltd (TOP) and Energous Corp (WATT). Click either name above to swap in a different company.

Energous Corp is the larger business by last-quarter revenue ($3.0M vs $2.9M, roughly 1.1× TOP Financial Group Ltd). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -43.6%, a 50.3% gap on every dollar of revenue.

Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.

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.

TOP vs WATT — Head-to-Head

Bigger by revenue
WATT
WATT
1.1× larger
WATT
$3.0M
$2.9M
TOP
Higher net margin
TOP
TOP
50.3% more per $
TOP
6.6%
-43.6%
WATT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
TOP
TOP
WATT
WATT
Revenue
$2.9M
$3.0M
Net Profit
$190.5K
$-1.3M
Gross Margin
37.5%
Operating Margin
-47.1%
Net Margin
6.6%
-43.6%
Revenue YoY
610.3%
Net Profit YoY
67.9%
EPS (diluted)
$-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
TOP
TOP
WATT
WATT
Q4 25
$3.0M
Q3 25
$2.9M
$1.3M
Q2 25
$975.0K
Q1 25
$343.0K
Q4 24
$428.0K
Q3 24
$230.0K
Q2 24
$46.0K
Q1 24
$64.0K
Net Profit
TOP
TOP
WATT
WATT
Q4 25
$-1.3M
Q3 25
$190.5K
$-2.1M
Q2 25
$-2.8M
Q1 25
$-3.4M
Q4 24
$-4.1M
Q3 24
$-3.4M
Q2 24
$-4.3M
Q1 24
$-6.6M
Gross Margin
TOP
TOP
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
TOP
TOP
WATT
WATT
Q4 25
-47.1%
Q3 25
-172.2%
Q2 25
-285.1%
Q1 25
-1052.8%
Q4 24
-820.8%
Q3 24
-1557.0%
Q2 24
-10110.9%
Q1 24
-10414.1%
Net Margin
TOP
TOP
WATT
WATT
Q4 25
-43.6%
Q3 25
6.6%
-166.1%
Q2 25
-285.9%
Q1 25
-981.3%
Q4 24
-964.7%
Q3 24
-1483.5%
Q2 24
-9256.5%
Q1 24
-10310.9%
EPS (diluted)
TOP
TOP
WATT
WATT
Q4 25
$-4.95
Q3 25
$-1.31
Q2 25
$-0.08
Q1 25
$-0.12
Q4 24
$-60.42
Q3 24
$-14.98
Q2 24
$-0.65
Q1 24
$-1.11

Balance Sheet & Financial Strength

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

Metric
TOP
TOP
WATT
WATT
Cash + ST InvestmentsLiquidity on hand
$14.8M
$10.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.0M
$12.5M
Total Assets
$64.1M
$16.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TOP
TOP
WATT
WATT
Q4 25
$10.4M
Q3 25
$14.8M
$12.9M
Q2 25
$8.7M
Q1 25
$10.1M
Q4 24
$1.4M
Q3 24
$1.5M
Q2 24
$4.9M
Q1 24
$10.7M
Stockholders' Equity
TOP
TOP
WATT
WATT
Q4 25
$12.5M
Q3 25
$35.0M
$13.7M
Q2 25
$8.8M
Q1 25
$9.5M
Q4 24
$-1.1M
Q3 24
$434.0K
Q2 24
$3.0M
Q1 24
$7.2M
Total Assets
TOP
TOP
WATT
WATT
Q4 25
$16.7M
Q3 25
$64.1M
$17.8M
Q2 25
$12.3M
Q1 25
$13.4M
Q4 24
$3.8M
Q3 24
$4.0M
Q2 24
$7.2M
Q1 24
$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
TOP
TOP
WATT
WATT
Operating Cash FlowLast quarter
$-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
TOP
TOP
WATT
WATT
Q4 25
$-2.4M
Q3 25
$-2.5M
Q2 25
$-2.9M
Q1 25
$-4.7M
Q4 24
$-2.7M
Q3 24
$-4.0M
Q2 24
$-5.8M
Q1 24
$-5.1M
Free Cash Flow
TOP
TOP
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
TOP
TOP
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
TOP
TOP
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%

Financial Flow Comparison

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

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