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Financials · ENVX

Enovix Corporation (ENVX) financials

For the twelve months ended Jul 5, 2026, Enovix Corporation reported $35.88M of revenue and -$170.02M of net income.

Revenue, TTM
$35.88M
Revenue growth, YoY
+34.9%
Net income, TTM
-$170.02M
Net margin
-473.9%
Free cash flow, TTM
-$124.20M
EPS, diluted, TTM
-$0.79
Cash
$33.74M
Total debt
$531.59M
P/S
17.00
Market cap
$610.1M
Annual revenue$31.82M
FY2020FY2025
Annual net income-$156.74M
FY2020FY2025
Annual free cash flow-$113.51M
FY2020FY2025

ENVX revenue and earnings growth

ENVX revenueQ2 2026$9.02M

Quarter YoY
+20.8%
QoQ
+18.7%
FY YoY
+37.9%

ENVX revenue was $9.02M in fiscal Q2 2026 (ended Jul 5, 2026), up 20.8% from a year earlier and up 18.7% from the prior quarter. For the full fiscal 2025 it was $31.82M, up 37.9% from fiscal 2024. It rose in each of the last 3 fiscal years. Fiscal 2025 is the highest of the 6 fiscal years on file.

ENVX net incomeQ2 2026-$43.06M

ENVX net income was -$43.06M in fiscal Q2 2026 (ended Jul 5, 2026), compared with -$44.53M a year earlier. For the full fiscal 2025 it was -$156.74M, compared with -$222.24M in fiscal 2024.

ENVX EPSQ2 2026-$0.20

ENVX diluted EPS was -$0.20 in fiscal Q2 2026 (ended Jul 5, 2026), compared with -$0.22 a year earlier. For the full fiscal 2025 it was -$0.75, compared with -$1.19 in fiscal 2024.

ENVX free cash flowQ2 2026-$31.41M

ENVX free cash flow was -$31.41M in fiscal Q2 2026 (ended Jul 5, 2026), compared with -$33.83M a year earlier. For the full fiscal 2025 it was -$113.51M, compared with -$184.82M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Jan 1, 2023
FY2021
Jan 2, 2022
FY2020
Dec 31, 2020
Revenue$31.82M$23.07M$7.64M$6.20M$0$0
Cost of revenue$25.72M$25.12M$63.06M$23.24M$1.97M$3.38M
Gross profit$6.11M-$2.04M-$55.42M-$17.04M-$1.97M-$3.38M
Research and development$110.33M$124.51M$88.39M$58.05M$37.85M$14.44M
Selling, general and admin$73.03M$74.31M$79.01M$51.97M$29.70M$5.71M
Operating income-$177.25M-$242.67M-$230.25M-$131.98M-$69.52M-$23.53M
Interest expense$21.60M$6.79M$4.46M$0$187.0K-
Pre-tax income-$157.92M-$223.93M-$214.76M-$51.62M-$125.87M-$39.65M
Income tax-$1.31M-$1.39M-$633.0K$0$0$0
Net income-$156.74M-$222.24M-$214.07M-$51.62M-$125.87M-$39.65M
EPS, basic-$0.75-$1.19-$1.27-$0.34-$1.07-$0.49
EPS, diluted-$0.75-$1.19-$1.30-$0.82-$1.07-$0.49
Diluted shares207.6M186.0M169.6M154.1M117.2M80.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Jan 1, 2023
FY2021
Jan 2, 2022
FY2020
Dec 31, 2020
Cash and equivalents$106.01M$274.69M$233.12M$322.98M$385.42M$29.22M
Short-term investments$406.03M$0$73.69M$0--
Receivables$4.42M$4.57M$909.0K$170.0K$0-
Inventory$13.62M$7.66M$8.74M$634.0K$0-
Current assets$542.21M$295.01M$323.18M$329.65M$398.12M$33.04M
Goodwill$12.22M$12.22M$12.10M$0--
Total assets$878.98M$527.17M$564.30M$440.59M$482.56M$64.96M
Current liabilities$65.02M$53.70M$61.02M$23.03M$20.64M$10.87M
Short-term debt$9.87M$9.45M$5.92M$0--
Long-term debt$519.27M$169.82M$169.10M$0--
Total debt$529.14M$179.27M$175.02M$0$0-
Total liabilities$604.96M$277.77M$303.20M$84.16M$156.45M$28.75M
Shareholders' equity$271.21M$249.40M$261.10M$356.43M$326.12M$36.22M

Cash flow

Cash flow
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Jan 1, 2023
FY2021
Jan 2, 2022
FY2020
Dec 31, 2020
Operating cash flow-$95.29M-$108.63M-$104.64M-$82.74M-$51.31M-$20.05M
Capital expenditures$18.22M$76.19M$61.80M$36.21M$43.58M$26.95M
Free cash flow-$113.51M-$184.82M-$166.43M-$118.95M-$94.89M-$47.00M
Investing cash flow-$538.27M-$1.38M-$142.96M-$36.21M-$43.58M-$26.95M
Financing cash flow$467.38M$150.75M$159.59M$56.51M$451.09M$65.92M
Share repurchases$58.38M$0$0$10.0K$27.0K$0
Depreciation and amortization$35.11M$44.96M$34.01M$7.97M$1.51M$579.0K

Key ratios

Key ratios
Line item
FY2025
Dec 28, 2025
FY2024
Dec 29, 2024
FY2023
Dec 31, 2023
FY2022
Jan 1, 2023
FY2021
Jan 2, 2022
FY2020
Dec 31, 2020
Revenue growth, YoY37.9%201.9%23.3%---
Gross margin19.2%-8.9%-725.0%-274.7%--
Operating margin-557.0%-1051.7%-3012.2%-2128.0%--
Net margin-492.6%-963.2%-2800.5%-832.3%--
Free cash flow margin-356.7%-801.0%-2177.3%-1918.0%--
Return on equity-57.8%-89.1%-82.0%-14.5%-38.6%-109.5%
Return on assets-17.8%-42.2%-37.9%-11.7%-26.1%-61.0%
Current ratio8.345.495.3014.3119.293.04
Debt to equity1.950.720.670.000.00-

Source: XBRL data Enovix Corporation files with the SEC, latest filing dated Aug 12, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ENVX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ENVX$35.88M+34.9%-$170.02M-473.9%$610.1M
ASML€32.67B+15.6%€9.61B29.4%$583.23B
LRCX$26.13B+33.4%$8.45B32.3%$276.45B
TMO$47.35B+8.3%$7.07B14.9%$267.38B
DE$47.98B+8.0%$4.87B10.2%$186.39B
DHR$25.61B+5.5%$4.33B16.9%$165.41B
ETN$31.98B+20.1%$3.90B12.2%$139.59B
JCI$24.43B+5.1%$3.53B14.5%$85.71B
ITW$16.65B+4.8%$3.23B19.4%$81.49B

ENVX FAQ

9 questions
  • What is ENVX revenue?
    Enovix Corporation (ENVX) reported $35.88M of revenue for the twelve months ended Jul 5, 2026. That is up 34.9% from the year before. Revenue for fiscal 2025 was $31.82M.
  • Is ENVX profitable?
    No. Enovix Corporation reported a net loss of $170.02M for the twelve months ended Jul 5, 2026.
  • How much cash and debt does ENVX have?
    Enovix Corporation reported $33.74M in cash and cash equivalents and $531.59M of debt on its most recent balance sheet in SEC filings.
  • How fast is ENVX revenue growing?
    Enovix Corporation's revenue changed +37.9% in fiscal 2025, to $31.82M.
  • What is ENVX gross margin?
    Enovix Corporation's gross profit was $6.76M on $35.88M of revenue for the twelve months ended Jul 5, 2026, a gross margin of 18.8%.
  • What is ENVX free cash flow?
    Enovix Corporation generated -$124.20M of free cash flow for the twelve months ended Jul 5, 2026, which is operating cash flow of -$107.38M less capital expenditures.
  • What is ENVX earnings per share?
    Diluted earnings per share were -$0.79 for the twelve months ended Jul 5, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ENVX last report financial results?
    The latest statements here come from Enovix Corporation's 10-Q filed on Aug 12, 2026, covering the period ended Jul 5, 2026.
  • Where does this ENVX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Enovix Corporation files with the SEC. It is provided for information only and is not investment advice.