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

Worksport Ltd is the larger business by last-quarter revenue ($4.7M vs $3.0M, roughly 1.6× Energous Corp). On growth, Energous Corp posted the faster year-over-year revenue change (610.3% vs 62.0%). Energous Corp produced more free cash flow last quarter ($-2.4M vs $-6.3M). Over the past eight quarters, Energous Corp's revenue compounded faster (589.2% CAGR vs 204.2%).

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.

Worksport Ltd is a cleantech company specializing in portable solar energy solutions and custom truck bed accessories. Its core offerings include solar-powered tonneau covers for pickup trucks and portable mobile power stations, serving the North American automotive aftermarket and consumer clean energy segments.

WATT vs WKSP — Head-to-Head

Bigger by revenue
WKSP
WKSP
1.6× larger
WKSP
$4.7M
$3.0M
WATT
Growing faster (revenue YoY)
WATT
WATT
+548.3% gap
WATT
610.3%
62.0%
WKSP
More free cash flow
WATT
WATT
$3.8M more FCF
WATT
$-2.4M
$-6.3M
WKSP
Faster 2-yr revenue CAGR
WATT
WATT
Annualised
WATT
589.2%
204.2%
WKSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
WATT
WATT
WKSP
WKSP
Revenue
$3.0M
$4.7M
Net Profit
$-1.3M
Gross Margin
37.5%
30.1%
Operating Margin
-47.1%
-129.6%
Net Margin
-43.6%
Revenue YoY
610.3%
62.0%
Net Profit YoY
67.9%
EPS (diluted)
$-4.95
$-0.65

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
WATT
WATT
WKSP
WKSP
Q4 25
$3.0M
$4.7M
Q3 25
$1.3M
$5.0M
Q2 25
$975.0K
$4.1M
Q1 25
$343.0K
$2.2M
Q4 24
$428.0K
$2.9M
Q3 24
$230.0K
$3.1M
Q2 24
$46.0K
$1.9M
Q1 24
$64.0K
$512.6K
Net Profit
WATT
WATT
WKSP
WKSP
Q4 25
$-1.3M
Q3 25
$-2.1M
$-4.9M
Q2 25
$-2.8M
$-3.7M
Q1 25
$-3.4M
$-4.5M
Q4 24
$-4.1M
Q3 24
$-3.4M
$-4.1M
Q2 24
$-4.3M
$-4.0M
Q1 24
$-6.6M
$-3.7M
Gross Margin
WATT
WATT
WKSP
WKSP
Q4 25
37.5%
30.1%
Q3 25
36.0%
31.3%
Q2 25
34.7%
26.4%
Q1 25
27.1%
17.7%
Q4 24
48.8%
11.1%
Q3 24
7.9%
Q2 24
15.4%
Q1 24
7.3%
Operating Margin
WATT
WATT
WKSP
WKSP
Q4 25
-47.1%
-129.6%
Q3 25
-172.2%
-95.6%
Q2 25
-285.1%
-88.1%
Q1 25
-1052.8%
-190.0%
Q4 24
-820.8%
-137.0%
Q3 24
-1557.0%
-125.1%
Q2 24
-10110.9%
-203.5%
Q1 24
-10414.1%
-709.9%
Net Margin
WATT
WATT
WKSP
WKSP
Q4 25
-43.6%
Q3 25
-166.1%
-98.3%
Q2 25
-285.9%
-91.0%
Q1 25
-981.3%
-199.1%
Q4 24
-964.7%
Q3 24
-1483.5%
-132.4%
Q2 24
-9256.5%
-208.9%
Q1 24
-10310.9%
-724.6%
EPS (diluted)
WATT
WATT
WKSP
WKSP
Q4 25
$-4.95
$-0.65
Q3 25
$-1.31
$-0.75
Q2 25
$-0.08
$-0.71
Q1 25
$-0.12
$-1.05
Q4 24
$-60.42
$-1.14
Q3 24
$-14.98
$-1.40
Q2 24
$-0.65
$-1.55
Q1 24
$-1.11
$-1.75

Balance Sheet & Financial Strength

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

Metric
WATT
WATT
WKSP
WKSP
Cash + ST InvestmentsLiquidity on hand
$10.4M
$5.9M
Total DebtLower is stronger
$2.7M
Stockholders' EquityBook value
$12.5M
$22.9M
Total Assets
$16.7M
$30.7M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WATT
WATT
WKSP
WKSP
Q4 25
$10.4M
$5.9M
Q3 25
$12.9M
$3.8M
Q2 25
$8.7M
$1.4M
Q1 25
$10.1M
$5.1M
Q4 24
$1.4M
$4.9M
Q3 24
$1.5M
$1.9M
Q2 24
$4.9M
$3.4M
Q1 24
$10.7M
$3.5M
Total Debt
WATT
WATT
WKSP
WKSP
Q4 25
$2.7M
Q3 25
$2.9M
Q2 25
$2.5M
Q1 25
$3.1M
Q4 24
$5.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
WATT
WATT
WKSP
WKSP
Q4 25
$12.5M
$22.9M
Q3 25
$13.7M
$19.8M
Q2 25
$8.8M
$17.3M
Q1 25
$9.5M
$20.1M
Q4 24
$-1.1M
$17.4M
Q3 24
$434.0K
$16.4M
Q2 24
$3.0M
$19.1M
Q1 24
$7.2M
$18.9M
Total Assets
WATT
WATT
WKSP
WKSP
Q4 25
$16.7M
$30.7M
Q3 25
$17.8M
$27.0M
Q2 25
$12.3M
$23.6M
Q1 25
$13.4M
$26.7M
Q4 24
$3.8M
$25.7M
Q3 24
$4.0M
$24.9M
Q2 24
$7.2M
$27.2M
Q1 24
$13.1M
$27.3M
Debt / Equity
WATT
WATT
WKSP
WKSP
Q4 25
0.12×
Q3 25
0.15×
Q2 25
0.14×
Q1 25
0.16×
Q4 24
0.30×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
WATT
WATT
WKSP
WKSP
Operating Cash FlowLast quarter
$-2.4M
$-6.1M
Free Cash FlowOCF − Capex
$-2.4M
$-6.3M
FCF MarginFCF / Revenue
-80.5%
-132.4%
Capex IntensityCapex / Revenue
1.3%
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.5M
$-18.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
WATT
WATT
WKSP
WKSP
Q4 25
$-2.4M
$-6.1M
Q3 25
$-2.5M
$-4.3M
Q2 25
$-2.9M
$-3.1M
Q1 25
$-4.7M
$-3.8M
Q4 24
$-2.7M
$-2.2M
Q3 24
$-4.0M
$-1.5M
Q2 24
$-5.8M
$-3.6M
Q1 24
$-5.1M
$-2.8M
Free Cash Flow
WATT
WATT
WKSP
WKSP
Q4 25
$-2.4M
$-6.3M
Q3 25
$-2.5M
$-4.6M
Q2 25
$-2.9M
$-3.2M
Q1 25
$-4.7M
$-4.0M
Q4 24
$-2.2M
Q3 24
$-4.1M
$-1.7M
Q2 24
$-5.8M
$-3.7M
Q1 24
$-5.1M
$-3.0M
FCF Margin
WATT
WATT
WKSP
WKSP
Q4 25
-80.5%
-132.4%
Q3 25
-194.3%
-92.1%
Q2 25
-296.8%
-77.1%
Q1 25
-1367.1%
-180.4%
Q4 24
-75.4%
Q3 24
-1788.3%
-54.5%
Q2 24
-12667.4%
-195.1%
Q1 24
-7928.1%
-586.7%
Capex Intensity
WATT
WATT
WKSP
WKSP
Q4 25
1.3%
3.3%
Q3 25
0.5%
7.3%
Q2 25
1.6%
1.7%
Q1 25
6.1%
9.0%
Q4 24
0.0%
0.9%
Q3 24
28.3%
5.3%
Q2 24
123.9%
6.4%
Q1 24
1.6%
41.5%

Financial Flow Comparison

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

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