Energous Corp (WATT) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 127.67% of current shares
Recent Dilution: 510.49% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
5.5M
Potential Supply
7M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

WATT currently has 5.5M outstanding shares. with significant dilution risk as 7.02M authorized shares could dilute existing holders by 127.7%. The company has significantly diluted shareholders by 510.49% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 5.5M shares outstanding

5.5M 7M
Mar 26, 2026

10-K filing | 5.5M shares outstanding

5.5M 7M
Dec 16, 2025

S-3/A filing: This prospectus relates to the resale by the Selling Stockholders of up to 51,107 shares of our common stock, representing shares issuable upon the exercise of outstanding warrants to purchase up to 47,764 shares of Common Stock with a per share exercise price equal to $7.79, and 3,343 shares of Common Stock, representing shares issuable upon the exercise of outstanding placement agent warrants to purchase up to 3,343 shares of Common Stock with a per share exercise price equal to $9.90.

2.2M 10M
Nov 13, 2025

10-Q filing | 2.2M shares outstanding

2.2M 10M
Oct 08, 2025

S-3 filing: This prospectus relates to the resale by the Selling Stockholders of up to 51,107 shares of common stock, representing shares issuable upon the exercise of outstanding warrants.

1.1M 11M
Aug 11, 2025
Stock Split

8-K filing: Stock split 1-for-30 | Outstanding: 32,393,616 → 1,079,787

1.1M 11M
May 13, 2025

10-Q filing | 32.4M shares outstanding

32M 340M
Feb 27, 2025

10-K filing | 30.4M shares outstanding

30M 340M
Jan 31, 2025

S-3/A filing: The registrant is registering an indeterminate number of shares of common stock, preferred stock, debt securities, warrants, and units with an aggregate initial offering price not to exceed $80,000,000, which includes $14,060,000 of new securities.

10M 360M
Dec 13, 2024

S-3 filing: The company is filing an S-3 to register $80,000,000 of securities including common stock, preferred stock and debt securities.

10M 360M
Nov 13, 2024

10-Q filing | 7.8M shares outstanding

7.8M 110M
Aug 12, 2024

10-Q filing | 6.5M shares outstanding

6.5M 110M
May 14, 2024

10-Q filing | 6.0M shares outstanding

6M 110M
Mar 28, 2024

10-K filing | 6.1M shares outstanding

6.1M 110M
Nov 14, 2023

10-Q filing | 4.8M shares outstanding

4.8M 110M
Aug 15, 2023

10-Q filing | 91.2M shares outstanding

91M 26M
May 17, 2023

10-Q filing | 91.1M shares outstanding

91M 26M
Mar 30, 2023

10-K filing | 91.0M shares outstanding

91M 26M
Nov 10, 2022

10-Q filing | 77.6M shares outstanding

78M 40M
Aug 16, 2022

10-Q filing | 77.1M shares outstanding

77M 40M
May 16, 2022

10-Q filing | 77.1M shares outstanding

77M 40M
Mar 23, 2022

10-K filing | 77.0M shares outstanding

77M 40M
Nov 15, 2021

10-Q filing | 75.4M shares outstanding

75M 42M
Nov 15, 2021

S-3 filing: Energeous Corporation is offering up to $100,000,000 aggregate dollar amount of shares of its common stock or preferred stock, debt securities, warrants to purchase common stock, preferred stock or debt securities, subscription rights to purchase common stock, preferred stock or debt securities and/or units consisting of some or all of these securities.

63M 54M
Aug 11, 2021

10-Q filing | 62.9M shares outstanding

63M 2.6M
May 17, 2021

10-Q filing | 61.9M shares outstanding

62M 3.6M
Mar 24, 2021

10-K filing | 61.8M shares outstanding

62M 3.7M
Nov 09, 2020

10-Q filing | 44.5M shares outstanding

45M 21M
Sep 15, 2020

S-3 filing: Energeous Corporation files an S-3 to offer shares of common stock or preferred stock, debt securities, warrants to purchase our common stock, preferred stock or debt securities, subscription rights to purchase our common stock, preferred stock or debt securities and/or units consisting of some or all of these securities, in any combination, together or separately, in one or more offerings, in one or more series or classes, in amounts, at prices and on the terms that we will determine at the time of the offering up to an aggregate amount of $75,000,000.

42M 24M
Aug 10, 2020

10-Q filing | 41.6M shares outstanding

42M 0
May 11, 2020

10-Q filing | 41.3M shares outstanding

41M 0
Mar 13, 2020

10-K filing | 34.6M shares outstanding

35M 0
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