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May 13, 2026·SEC
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Enovix Corporation(ENVX)Earnings, Financials & Key Ratios
ENVX•NASDAQ
Price updated Jun 19, 2026
AboutEnovix Corporation designs, develops, and manufactures lithium-ion batteries. The company was founded in 2007 and is headquartered in Fremont, California.Show more
- Revenue$32M+37.9%
- EBITDA-$143M+27.8%
- Net Income-$157M+29.5%
- EPS (Diluted)-0.75+40.9%
- Gross Margin-86.79%-879.3%
- EBITDA Margin-448.86%+47.6%
- Operating Margin-554.83%+47.2%
- Net Margin-492.57%+48.9%
- ROE-59.89%+31.2%
ENVX Key Insights
Enovix Corporation (ENVX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Profits declining 31.6% over 5 years
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Shares diluted 18.6% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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ENVX Price & Volume
Enovix Corporation (ENVX) stock price & volume — 10-year historical chart
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ENVX Growth Metrics
Enovix Corporation (ENVX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years72.48%
TTM49.88%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM13.99%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM33.6%
Return on Capital
10 Years-50.91%
5 Years-36.59%
3 Years-42.37%
Last Year-27.4%
ENVX Recent Earnings
Enovix Corporation (ENVX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 13, 2026Metric
Actual
Est
EPS
$0.14+6.7%
$0.15
Rev
$8M+9.3%
$7M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.14+17.6%
$0.17
Rev
$11M+9.6%
$10M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.14+12.5%
$0.16
Rev
$8M-22.0%
$10M
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.13+13.3%
$0.15
Rev
$7M+2.4%
$7M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 13, 2026 | $0.14vs $0.15+6.7% | $8Mvs $7M+9.3% |
| Q1 2026 | Feb 25, 2026 | $0.14vs $0.17+17.6% | $11Mvs $10M+9.6% |
| Q4 2025 | Nov 5, 2025 | $0.14vs $0.16+12.5% | $8Mvs $10M-22.0% |
| Q3 2025 | Jul 31, 2025 | $0.13vs $0.15+13.3% | $7Mvs $7M+2.4% |
Based on last 12 quarters of dataView full earnings history →
ENVX Peer Comparison
Enovix Corporation (ENVX) competitors in Battery Cells and Materials — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SLDP | 623.65K | 2.87 | -5.63 | 7.98% | -485.47% | -21.56% | 0.02 | |
 SES | 358.24M | 1.11 | -5.05 | 9.29% | -331.72% | -32.48% | 0.04 | |
 FLUX | 15.06M | 0.86 | -2.15 | 9.22% | -12.48% | -7.38% | ||
 CBAT | 60.59M | 0.68 | -6.84 | 10.52% | -7.43% | -0.06% | 0.00 | |
 MVST | 429.77M | 1.29 | -14.33 | 12.56% | -11.52% | -10.76% | 0.45 | |
 ALB | 18.91B | 160.35 | -27.89 | -4.37% | -4.24% | -2.29% | 0.34 | |
 LAC | 975.73M | 4.37 | -8.57 | -8.28% | 0.10 | |||
 MP | 10.84B | 60.88 | -121.76 | 35.12% | -20.48% | -3.49% | 0.44 |
Compare ENVX vs Peers
Enovix Corporation (ENVX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ENVX Income Statement
Enovix Corporation (ENVX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'19 | Dec'20 | Jan'22 | Jan'23 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 0 | 0 | 0 | 6.2M | 7.64M | 23.07M | 31.82M | 34.32M |
Revenue Growth % | - | - | - | - | 23.25% | 201.86% | 37.91% | 49.88% |
Cost of Goods Sold | 161K | 3.38M | 1.97M | 23.24M | 63.06M | 25.12M | 59.44M | 51.01M |
COGS % of Revenue | - | - | - | 374.7% | 824.97% | 108.86% | 186.79% | - |
Gross Profit | -161K▲ 0% | -3.38M▼ 1996.3% | -1.97M▲ 41.7% | -17.04M▼ 766.1% | -55.42M▼ 225.3% | -2.04M▲ 96.3% | -27.62M▼ 1250.5% | -16.69M▲ 0% |
Gross Margin % | - | - | - | -274.7% | -724.97% | -8.86% | -86.79% | -48.63% |
Gross Profit Growth % | - | -1996.27% | 41.72% | -766.14% | -225.27% | 96.31% | -1250.51% | - |
Operating Expenses | 16.35M | 20.16M | 67.56M | 110.02M | 174.84M | 240.62M | 148.94M | 161.9M |
OpEx % of Revenue | - | - | - | 1773.96% | 2287.26% | 1042.84% | 468.04% | - |
Selling, General & Admin | 4.2M | 5.71M | 29.7M | 51.97M | 79.01M | 74.31M | 38.6M | 51.83M |
SG&A % of Revenue | - | - | - | 837.96% | 1033.67% | 322.06% | 121.32% | - |
Research & Development | 12.15M | 14.44M | 37.85M | 58.05M | 88.39M | 124.51M | 110.33M | 110.07M |
R&D % of Revenue | - | - | - | 936% | 1156.36% | 539.59% | 346.72% | - |
Other Operating Expenses | 0 | 0 | -24K | 0 | 7.43M | 41.81M | 0 | 0 |
Operating Income | -16.51M▲ 0% | -23.53M▼ 42.5% | -69.52M▼ 195.5% | -127.06M▼ 82.8% | -230.25M▼ 81.2% | -242.67M▼ 5.4% | -176.55M▲ 27.2% | -178.59M▲ 0% |
Operating Margin % | - | - | - | -2048.66% | -3012.23% | -1051.7% | -554.83% | -520.32% |
Operating Income Growth % | - | -42.51% | -195.46% | -82.76% | -81.22% | -5.39% | 27.24% | - |
EBITDA | -16M | -25.33M | -68.03M | -119.09M | -196.25M | -197.71M | -142.83M | -142.56M |
EBITDA Margin % | - | - | - | -1920.12% | -2567.32% | -856.84% | -448.86% | -415.33% |
EBITDA Growth % | - | -58.27% | -168.61% | -75.05% | -64.79% | -0.74% | 27.76% | 23.63% |
D&A (Non-Cash Add-back) | 509K | -1.8M | 1.49M | 7.97M | 34.01M | 44.96M | 33.72M | 36.03M |
EBIT | -16.51M | -23.53M | -69.52M | -51.62M | -210.31M | -217.14M | -176.55M | -178.59M |
Net Interest Income | 23K | -107K | -187K | 0 | 9.61M | 5.54M | -8.6M | -10.55M |
Interest Income | 23K | 0 | 0 | 5.23M | 14.07M | 12.33M | 13M | 16.34M |
Interest Expense | 0 | 107K | 187K | 5.23M | 4.46M | 6.79M | 21.6M | 26.89M |
Other Income/Expense | 323K | -16.12M | -56.35M | 75.44M | 15.49M | 18.74M | 18.64M | 5.98M |
Pretax Income | -16.19M▲ 0% | -39.65M▼ 144.9% | -125.87M▼ 217.5% | -51.62M▲ 59.0% | -214.76M▼ 316.0% | -223.93M▼ 4.3% | -157.92M▲ 29.5% | -172.61M▲ 0% |
Pretax Margin % | - | - | - | -832.34% | -2809.59% | -970.47% | -496.27% | -502.91% |
Income Tax | 0 | 0 | 0 | 0 | -633K | -1.39M | -1.31M | -1.28M |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0.29% | 0.62% | 0.83% | 0.74% |
Net Income | -16.19M▲ 0% | -39.65M▼ 144.9% | -125.87M▼ 217.5% | -51.62M▲ 59.0% | -214.07M▼ 314.7% | -222.24M▼ 3.8% | -156.74M▲ 29.5% | -171.49M▲ 0% |
Net Margin % | - | - | - | -832.34% | -2800.51% | -963.17% | -492.57% | -499.64% |
Net Income Growth % | - | -144.93% | -217.46% | 58.99% | -314.69% | -3.82% | 29.47% | 13.99% |
Net Income (Continuing) | -16.19M | -39.65M | -125.87M | -51.62M | -214.13M | -222.53M | -156.61M | -171.33M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 2.96M | 2.66M | 2.8M | 2.06B |
EPS (Diluted) | -0.28▲ 0% | -0.26▲ 7.1% | -1.08▼ 315.4% | -0.82▲ 24.1% | -1.38▼ 68.3% | -1.27▲ 8.0% | -0.75▲ 40.9% | -0.79▲ 0% |
EPS Growth % | - | 7.14% | -315.38% | 24.07% | -68.29% | 7.97% | 40.94% | 33.6% |
EPS (Basic) | -0.28 | -0.26 | -1.08 | -0.34 | -1.35 | -1.27 | -0.75 | - |
Diluted Shares Outstanding | 57.74M | 145.25M | 117.22M | 154.15M | 158.26M | 175.04M | 207.64M | 217.37M |
Basic Shares Outstanding | 57.74M | 145.25M | 117.22M | 152.92M | 157.56M | 175.04M | 207.64M | 217.37M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - |
ENVX Balance Sheet
Enovix Corporation (ENVX) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'19 | Dec'20 | Jan'22 | Jan'23 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Total Current Assets | 10.6M | 33.04M | 398.12M | 329.65M | 323.18M | 295.01M | 542.21M | 558.5B |
Cash & Short-Term Investments | 10.23M | 29.14M | 385.29M | 322.85M | 306.81M | 272.87M | 512.04M | 512.04M |
Cash Only | 10.23M | 29.14M | 385.29M | 322.85M | 233.12M | 272.87M | 106.01M | 106.01M |
Short-Term Investments | 0 | 0 | 0 | 0 | 73.69M | 0 | 406.03M | 439.99B |
Accounts Receivable | 0 | 0 | 0 | 170K | 2.42M | 4.57M | 8.43M | 3.94B |
Days Sales Outstanding | - | - | - | 10 | 115.7 | 72.29 | 96.73 | 10.53K |
Inventory | 0 | 0 | 0 | 634K | 8.74M | 7.66M | 13.62M | 16.45B |
Days Inventory Outstanding | - | - | - | 9.96 | 50.57 | 111.36 | 83.62 | 29.5K |
Other Current Assets | 75K | 2.96M | 4.55M | 5.99M | 5.2M | 9.9M | 8.12M | 9.37B |
Total Non-Current Assets | 6.02M | 31.92M | 84.44M | 110.94M | 241.13M | 232.16M | 338.14M | 275.4B |
Property, Plant & Equipment | 4.92M | 31.29M | 83.28M | 110M | 181.76M | 181.43M | 181.94M | 176.56B |
Fixed Asset Turnover | - | - | - | 0.06x | 0.04x | 0.13x | 0.17x | 0.00x |
Goodwill | 0 | 0 | 0 | 0 | 12.1M | 12.22M | 12.22M | 12.22B |
Intangible Assets | 0 | 0 | 0 | 0 | 42.17M | 36.39M | 31.64M | 30.36B |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 106.81M | 52.3B |
Other Non-Current Assets | 1.1M | 630K | 1.16M | 937K | 5.1M | 2.13M | 4.15M | 4.15B |
Total Assets | 16.61M▲ 0% | 64.96M▲ 291.0% | 482.56M▲ 642.8% | 440.59M▼ 8.7% | 564.3M▲ 28.1% | 527.17M▼ 6.6% | 880.35M▲ 67.0% | 833.89B▲ 0% |
Asset Turnover | - | - | - | 0.01x | 0.01x | 0.04x | 0.04x | 0.00x |
Asset Growth % | - | 291.02% | 642.82% | -8.7% | 28.08% | -6.58% | 67% | 167164.63% |
Total Current Liabilities | 1.03M | 10.87M | 20.64M | 23.03M | 61.02M | 53.7M | 65.02M | 50.89B |
Accounts Payable | 257K | 2.08M | 3.14M | 7.08M | 21.25M | 9.49M | 17.82M | 14.94B |
Days Payables Outstanding | 582.64 | 225.27 | 583.41 | 111.15 | 123 | 137.93 | 109.42 | 26.81K |
Short-Term Debt | 0 | 0 | 0 | 0 | 5.92M | 9.45M | 9.87M | 9.44B |
Deferred Revenue (Current) | 0 | 5.41M | 5.58M | 50K | 6.71M | 3.65M | 5.01M | 4.3B |
Other Current Liabilities | 95K | 1.38M | 4.81M | 8.81M | 13.17M | 11.26M | 26.1M | 22.24B |
Current Ratio | 10.33x | 3.04x | 19.29x | 14.31x | 5.30x | 5.49x | 8.34x | 10.97x |
Quick Ratio | 10.33x | 3.04x | 19.29x | 14.29x | 5.15x | 5.35x | 8.13x | 10.65x |
Cash Conversion Cycle | - | - | - | -91.19 | 43.27 | 45.73 | 70.93 | 13.22K |
Total Non-Current Liabilities | 11.88M | 17.88M | 135.81M | 61.13M | 242.18M | 224.06M | 541.32M | 540.27B |
Long-Term Debt | 5.65M | 0 | 0 | 0 | 169.1M | 169.82M | 519.27M | 10.91B |
Capital Lease Obligations | 0 | 0 | 9.07M | 8.23M | 15.59M | 13.29M | 11.24M | 34.84M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 10.8M | 8.78M | 10.49M | 8.92B |
Other Non-Current Liabilities | 6.23M | 17.8M | 124.45M | 49.17M | 42.91M | 28.39M | 14K | 520.47B |
Total Liabilities | 12.91M | 28.75M | 156.45M | 84.16M | 303.2M | 277.77M | 606.34M | 591.16B |
Total Debt | 5.65M | 0 | 9.07M | 8.23M | 190.61M | 192.56M | 540.38M | 20.34B |
Net Debt | -4.58M | -29.14M | -376.22M | -314.62M | -42.51M | -80.3M | 434.37M | 20.24B |
Debt / Equity | 1.52x | - | 0.03x | 0.02x | 0.73x | 0.77x | 1.97x | 0.08x |
Debt / EBITDA | - | - | - | - | - | - | - | -142.70x |
Net Debt / EBITDA | - | - | - | - | - | - | - | -141.95x |
Interest Coverage | - | -219.91x | -371.78x | -9.87x | -47.20x | -31.99x | -8.17x | -6.64x |
Total Equity | 3.71M▲ 0% | 36.22M▲ 876.7% | 326.12M▲ 800.5% | 356.43M▲ 9.3% | 261.1M▼ 26.7% | 249.4M▼ 4.5% | 274.01M▲ 9.9% | 242.73B▲ 0% |
Equity Growth % | - | 876.7% | 800.48% | 9.29% | -26.74% | -4.48% | 9.87% | 102083.83% |
Book Value per Share | 0.06 | 0.25 | 2.78 | 2.31 | 1.65 | 1.42 | 1.32 | 1116.66 |
Total Shareholders' Equity | 3.71M | 36.22M | 326.12M | 356.43M | 258.15M | 246.74M | 271.21M | 240.67B |
Common Stock | 59K | 10K | 15K | 15K | 17K | 19K | 22K | 22M |
Retained Earnings | -167.63M | -207.28M | -333.15M | -384.77M | -598.85M | -821.09M | -977.83M | -1.02T |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | -58.38M | 0 |
Accumulated OCI | 0 | 0 | 0 | 0 | -62K | -143K | -508K | -1.24B |
Minority Interest | 0 | 0 | 0 | 0 | 2.96M | 2.66M | 2.8M | 2.06B |
ENVX Cash Flow Statement
Enovix Corporation (ENVX) cash flow — operating, investing & free cash flow history
| Metric | Dec'19 | Dec'20 | Jan'22 | Jan'23 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
Cash from Operations | -10.98M | -20.05M | -51.7M | -82.74M | -104.64M | -108.63M | -95.29M | -111.46M |
Operating CF Margin % | - | - | - | -1334.09% | -1368.86% | -470.8% | -299.46% | - |
Operating CF Growth % | - | -82.62% | -157.88% | -60.02% | -26.46% | -3.82% | 12.28% | -143.95% |
Net Income | -16.19M | -39.65M | -125.87M | -51.62M | -214.13M | -222.53M | -156.61M | -171.49M |
Depreciation & Amortization | 509K | 579K | 1.51M | 7.97M | 34.01M | 44.96M | 35.11M | 36.03M |
Stock-Based Compensation | 328K | 666K | 10.71M | 30.37M | 69.45M | 58.84M | 49.37M | 37.35M |
Deferred Taxes | 0 | 13.64M | 0 | 0 | 0 | 0 | -1.3M | -1.3M |
Other Non-Cash Items | 5.29M | 2.53M | 56.2M | -70.26M | -1.07M | 26.46M | -15.36M | 4.95M |
Working Capital Changes | -922K | 2.19M | 5.74M | 802K | 7.1M | -16.36M | -6.5M | -17.15M |
Change in Receivables | 0 | 0 | 0 | -170K | -370K | -2.46M | -3.94M | -6K |
Change in Inventory | 0 | 0 | 0 | -634K | 4.51M | 1.07M | -5.51M | -5.52M |
Change in Payables | 0 | 1.83M | 1.52M | 2.27M | 6.1M | -7.97M | 4.69M | -3.33M |
Cash from Investing | -1.65M | -26.95M | -43.58M | -36.21M | -142.96M | -1.38M | -538.27M | -455.57M |
Capital Expenditures | -1.65M | -26.95M | -43.58M | -36.21M | -32.98M | -76.19M | -18.22M | -15.17M |
CapEx % of Revenue | - | - | - | 583.88% | 431.44% | 330.19% | 57.27% | 44.2% |
Acquisitions | 0 | 0 | 0 | 0 | -9.97M | 0 | -10M | -9.98M |
Investments | - | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | -973K | 0 | 0 | 0 |
Cash from Financing | 5.79M | 65.92M | 451.49M | 56.51M | 159.59M | 150.75M | 467.38M | 466.42M |
Debt Issued (Net) | - | 0 | 0 | 0 | 172.43M | 4.36M | 302.62M | -55K |
Equity Issued (Net) | - | 0 | 77.44M | 57.1M | 14.25M | 107.19M | 171.31M | -57.94M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | -27K | -27K | -10K | -26K | -4K | -58.38M | -58.38M |
Other Financing | 137K | 65.92M | 374.05M | -587K | -27.1M | 39.2M | -6.54M | 524.41M |
Net Change in Cash | -6.84M▲ 0% | 18.92M▲ 376.5% | 356.2M▲ 1783.0% | -62.44M▼ 117.5% | -87.85M▼ 40.7% | 39.57M▲ 145.0% | -166.71M▼ 521.3% | -100.98M▲ 0% |
Free Cash Flow | -12.63M▲ 0% | -47M▼ 272.2% | -95.29M▼ 102.7% | -118.95M▼ 24.8% | -166.43M▼ 39.9% | -184.82M▼ 11.0% | -113.51M▲ 38.6% | -126.63M▲ 0% |
FCF Margin % | - | - | - | -1917.96% | -2177.28% | -800.99% | -356.73% | -368.93% |
FCF Growth % | - | -272.18% | -102.73% | -24.83% | -39.91% | -11.05% | 38.58% | 19.79% |
FCF per Share | -0.22 | -0.32 | -0.81 | -0.77 | -1.05 | -1.06 | -0.55 | -0.58 |
FCF Conversion (FCF/Net Income) | 0.68x | 0.51x | 0.41x | 1.60x | 0.49x | 0.49x | 0.61x | 0.74x |
Interest Paid | - | 0 | 0 | 0 | 0 | 5.69M | 0 | -128K |
Taxes Paid | - | 0 | 0 | 0 | 0 | 185K | 0 | -39K |
ENVX Key Ratios
Enovix Corporation (ENVX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -198.63% | -69.48% | -15.13% | -69.33% | -87.07% | -59.89% | -0.28% |
Return on Invested Capital (ROIC) | -568.72% | - | - | -132.63% | -93.89% | -30.18% | -0.2% |
Gross Margin | - | - | -274.7% | -724.97% | -8.86% | -86.79% | -48.63% |
Net Margin | - | - | -832.34% | -2800.51% | -963.17% | -492.57% | -499.64% |
Debt / Equity | - | 0.03x | 0.02x | 0.73x | 0.77x | 1.97x | 0.08x |
Interest Coverage | -219.91x | -371.78x | -9.87x | -47.20x | -31.99x | -8.17x | -6.64x |
FCF Conversion | 0.51x | 0.41x | 1.60x | 0.49x | 0.49x | 0.61x | 0.74x |
Revenue Growth | - | - | - | 23.25% | 201.86% | 37.91% | 49.88% |
Related:ENVX Dividend History·ENVX Revenue History·ENVX Price History·ENVX P/E History·ENVX Financial Ratios·ENVX Institutional Holders
ENVX SEC Filings & Documents
Enovix Corporation (ENVX) SEC filings — annual & quarterly reports (10-K, 10-Q)
ENVX Frequently Asked Questions
Enovix Corporation (ENVX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Enovix Corporation (ENVX) reported $34.3M in revenue for fiscal year 2025.
Enovix Corporation (ENVX) grew revenue by 37.9% over the past year. This is strong growth.
Enovix Corporation (ENVX) reported a net loss of $171.5M for fiscal year 2025.
Dividend & Returns
Enovix Corporation (ENVX) has a return on equity (ROE) of -59.9%. Negative ROE indicates the company is unprofitable.
Enovix Corporation (ENVX) had negative free cash flow of $126.6M in fiscal year 2025, likely due to heavy capital investments.