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Side-by-side financial comparison of Taysha Gene Therapies, Inc. (TSHA) and Energous Corp (WATT). Click either name above to swap in a different company.

Taysha Gene Therapies, Inc. is the larger business by last-quarter revenue ($5.5M vs $3.0M, roughly 1.8× Energous Corp). Energous Corp runs the higher net margin — -43.6% vs -507.8%, a 464.1% gap on every dollar of revenue. On growth, Energous Corp posted the faster year-over-year revenue change (610.3% vs 171.3%). Over the past eight quarters, Energous Corp's revenue compounded faster (589.2% CAGR vs 26.8%).

Taysha Gene Therapies, Inc. is a clinical-stage biotechnology company specializing in developing adeno-associated virus (AAV)-based gene therapies for rare monogenic central nervous system disorders with high unmet medical needs. Its core pipeline targets serious life-threatening neurological conditions, with primary operations and market focus across North America and European regions.

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.

TSHA vs WATT — Head-to-Head

Bigger by revenue
TSHA
TSHA
1.8× larger
TSHA
$5.5M
$3.0M
WATT
Growing faster (revenue YoY)
WATT
WATT
+439.0% gap
WATT
610.3%
171.3%
TSHA
Higher net margin
WATT
WATT
464.1% more per $
WATT
-43.6%
-507.8%
TSHA
Faster 2-yr revenue CAGR
WATT
WATT
Annualised
WATT
589.2%
26.8%
TSHA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TSHA
TSHA
WATT
WATT
Revenue
$5.5M
$3.0M
Net Profit
$-27.9M
$-1.3M
Gross Margin
37.5%
Operating Margin
-516.0%
-47.1%
Net Margin
-507.8%
-43.6%
Revenue YoY
171.3%
610.3%
Net Profit YoY
-48.3%
67.9%
EPS (diluted)
$-0.08
$-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
TSHA
TSHA
WATT
WATT
Q4 25
$5.5M
$3.0M
Q3 25
$0
$1.3M
Q2 25
$2.0M
$975.0K
Q1 25
$2.3M
$343.0K
Q4 24
$2.0M
$428.0K
Q3 24
$1.8M
$230.0K
Q2 24
$1.1M
$46.0K
Q1 24
$3.4M
$64.0K
Net Profit
TSHA
TSHA
WATT
WATT
Q4 25
$-27.9M
$-1.3M
Q3 25
$-32.7M
$-2.1M
Q2 25
$-26.9M
$-2.8M
Q1 25
$-21.5M
$-3.4M
Q4 24
$-18.8M
$-4.1M
Q3 24
$-25.5M
$-3.4M
Q2 24
$-20.9M
$-4.3M
Q1 24
$-24.1M
$-6.6M
Gross Margin
TSHA
TSHA
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
TSHA
TSHA
WATT
WATT
Q4 25
-516.0%
-47.1%
Q3 25
-172.2%
Q2 25
-1347.1%
-285.1%
Q1 25
-930.5%
-1052.8%
Q4 24
-985.8%
-820.8%
Q3 24
-1448.4%
-1557.0%
Q2 24
-1915.4%
-10110.9%
Q1 24
-713.3%
-10414.1%
Net Margin
TSHA
TSHA
WATT
WATT
Q4 25
-507.8%
-43.6%
Q3 25
-166.1%
Q2 25
-1353.6%
-285.9%
Q1 25
-935.2%
-981.3%
Q4 24
-929.0%
-964.7%
Q3 24
-1427.5%
-1483.5%
Q2 24
-1882.0%
-9256.5%
Q1 24
-705.4%
-10310.9%
EPS (diluted)
TSHA
TSHA
WATT
WATT
Q4 25
$-0.08
$-4.95
Q3 25
$-0.09
$-1.31
Q2 25
$-0.09
$-0.08
Q1 25
$-0.08
$-0.12
Q4 24
$-0.07
$-60.42
Q3 24
$-0.10
$-14.98
Q2 24
$-0.09
$-0.65
Q1 24
$-0.10
$-1.11

Balance Sheet & Financial Strength

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

Metric
TSHA
TSHA
WATT
WATT
Cash + ST InvestmentsLiquidity on hand
$319.8M
$10.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$246.9M
$12.5M
Total Assets
$343.3M
$16.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSHA
TSHA
WATT
WATT
Q4 25
$319.8M
$10.4M
Q3 25
$297.3M
$12.9M
Q2 25
$312.8M
$8.7M
Q1 25
$116.6M
$10.1M
Q4 24
$139.0M
$1.4M
Q3 24
$157.7M
$1.5M
Q2 24
$172.7M
$4.9M
Q1 24
$124.0M
$10.7M
Stockholders' Equity
TSHA
TSHA
WATT
WATT
Q4 25
$246.9M
$12.5M
Q3 25
$219.0M
$13.7M
Q2 25
$248.7M
$8.8M
Q1 25
$55.1M
$9.5M
Q4 24
$71.5M
$-1.1M
Q3 24
$88.8M
$434.0K
Q2 24
$108.9M
$3.0M
Q1 24
$53.8M
$7.2M
Total Assets
TSHA
TSHA
WATT
WATT
Q4 25
$343.3M
$16.7M
Q3 25
$316.6M
$17.8M
Q2 25
$333.3M
$12.3M
Q1 25
$138.4M
$13.4M
Q4 24
$160.4M
$3.8M
Q3 24
$180.2M
$4.0M
Q2 24
$200.4M
$7.2M
Q1 24
$153.0M
$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
TSHA
TSHA
WATT
WATT
Operating Cash FlowLast quarter
$-26.7M
$-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
TSHA
TSHA
WATT
WATT
Q4 25
$-26.7M
$-2.4M
Q3 25
$-24.2M
$-2.5M
Q2 25
$-20.2M
$-2.9M
Q1 25
$-22.0M
$-4.7M
Q4 24
$-18.3M
$-2.7M
Q3 24
$-21.6M
$-4.0M
Q2 24
$-21.5M
$-5.8M
Q1 24
$-19.8M
$-5.1M
Free Cash Flow
TSHA
TSHA
WATT
WATT
Q4 25
$-2.4M
Q3 25
$-24.3M
$-2.5M
Q2 25
$-2.9M
Q1 25
$-4.7M
Q4 24
$-18.3M
Q3 24
$-21.6M
$-4.1M
Q2 24
$-21.7M
$-5.8M
Q1 24
$-19.9M
$-5.1M
FCF Margin
TSHA
TSHA
WATT
WATT
Q4 25
-80.5%
Q3 25
-194.3%
Q2 25
-296.8%
Q1 25
-1367.1%
Q4 24
-905.5%
Q3 24
-1210.9%
-1788.3%
Q2 24
-1951.9%
-12667.4%
Q1 24
-584.5%
-7928.1%
Capex Intensity
TSHA
TSHA
WATT
WATT
Q4 25
1.3%
Q3 25
0.5%
Q2 25
1.6%
Q1 25
6.1%
Q4 24
0.1%
0.0%
Q3 24
2.0%
28.3%
Q2 24
18.1%
123.9%
Q1 24
4.1%
1.6%

Financial Flow Comparison

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

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