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Enovix Corporation(ENVX)Earnings, Financials & Key Ratios
ENVX•NASDAQ
$6.88
$1.43B mkt cap·Price updated May 6, 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-$144M+27.4%
- Net Income-$157M+29.5%
- EPS (Diluted)-0.75+40.9%
- Gross Margin19.19%+316.5%
- EBITDA Margin-451.06%+47.4%
- Operating Margin-557.03%+47.0%
- Net Margin-492.57%+48.9%
- ROE-59.89%+31.2%
- ROIC-74.23%+20.9%
- Debt/Equity0.08-90.0%
- Interest Coverage-8.21+77.0%
ENVX Key Insights
Enovix Corporation (ENVX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
✗Weaknesses
- ✗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.
ENVX Price & Volume
Enovix Corporation (ENVX) stock price & volume — 10-year historical chart
Loading chart...
ENVX Growth Metrics
Enovix Corporation (ENVX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years72.48%
TTM15.63%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM26.53%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM42.11%
Return on Capital
10 Years-51.09%
5 Years-36.84%
3 Years-42.41%
Last Year-27.54%
ENVX Recent Earnings
Enovix Corporation (ENVX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q1 2026Latest
Feb 25, 2026EPS
$0.14
Est $0.17
+17.6%
Revenue
$11M
Est $10M
+9.6%
Q4 2025
Nov 5, 2025EPS
$0.14
Est $0.16
+12.5%
Revenue
$8M
Est $10M
-22.0%
Q3 2025
Jul 31, 2025EPS
$0.13
Est $0.15
+13.3%
Revenue
$7M
Est $7M
+2.4%
Q2 2025
Apr 30, 2025EPS
$0.15
Est $0.18
+16.7%
Revenue
$5M
Est $5M
+10.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | 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% |
| Q2 2025 | Apr 30, 2025 | $0.15vs $0.18+16.7% | $5Mvs $5M+10.0% |
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 | 762.72K | 3.51 | -6.88 | 7.98% | -5.12% | -21.56% | 0.02 | |
 SES | 312.77M | 0.97 | -4.41 | 9.29% | -331.72% | -32.48% | 0.04 | |
 FLUX | 27.74M | 1.30 | -3.25 | 9.22% | -8.36% | -67.4% | ||
 CBAT | 71.21M | 0.79 | 6.11 | -13.61% | -4.03% | -5.5% | 31.62% | 0.25 |
 MVST | 630.13M | 1.95 | -21.67 | 12.56% | -6.83% | -7.4% | 8.9% | 0.45 |
 ALB | 22.93B | 194.82 | -33.82 | -100% | -10.74% | -5.65% | 3.02% | |
 LAC | 1.34B | 5.52 | -26.29 | -26.94% | 0.02 | |||
 MP | 12.09B | 68.06 | -136.12 | 35.12% | -31.18% | -5.04% | 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
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 6.2M | 7.64M | 23.07M | 31.82M |
| Revenue Growth % | - | - | - | - | 23.25% | 201.86% | 37.91% |
| Cost of Goods Sold | 161K | 3.38M | 1.97M | 23.24M | 63.06M | 25.12M | 25.72M |
| COGS % of Revenue | - | - | - | 374.7% | 824.97% | 108.86% | 80.81% |
| Gross Profit | -161K▲ 0% | -3.38M▼ 1996.3% | -1.97M▲ 41.7% | -17.04M▼ 766.1% | -55.42M▼ 225.3% | -2.04M▲ 96.3% | 6.11M▲ 398.5% |
| Gross Margin % | - | - | - | -274.7% | -724.97% | -8.86% | 19.19% |
| Gross Profit Growth % | - | -1996.27% | 41.72% | -766.14% | -225.27% | 96.31% | 398.53% |
| Operating Expenses | 16.35M | 20.16M | 67.56M | 114.94M | 174.84M | 240.62M | 183.36M |
| OpEx % of Revenue | - | - | - | 1853.31% | 2287.26% | 1042.84% | 576.22% |
| Selling, General & Admin | 4.2M | 5.71M | 29.7M | 51.97M | 79.01M | 74.31M | 73.03M |
| SG&A % of Revenue | - | - | - | 837.96% | 1033.67% | 322.06% | 229.5% |
| Research & Development | 12.15M | 14.44M | 37.85M | 58.05M | 88.39M | 124.51M | 110.33M |
| R&D % of Revenue | - | - | - | 936% | 1156.36% | 539.59% | 346.72% |
| Other Operating Expenses | 0 | 0 | -24K | 4.92M | 7.43M | 41.81M | 0 |
| Operating Income | -16.51M▲ 0% | -23.53M▼ 42.5% | -69.52M▼ 195.5% | -131.98M▼ 89.8% | -230.25M▼ 74.5% | -242.67M▼ 5.4% | -177.25M▲ 27.0% |
| Operating Margin % | - | - | - | -2128.01% | -3012.23% | -1051.7% | -557.03% |
| Operating Income Growth % | - | -42.51% | -195.46% | -89.84% | -74.46% | -5.39% | 26.96% |
| EBITDA | -16M | -25.33M | -68.03M | -189.34M | -196.25M | -197.71M | -143.53M |
| EBITDA Margin % | - | - | - | -3052.97% | -2567.32% | -856.84% | -451.06% |
| EBITDA Growth % | - | -58.27% | -168.61% | -178.32% | -3.64% | -0.74% | 27.4% |
| D&A (Non-Cash Add-back) | 509K | -1.8M | 1.49M | -57.37M | 34.01M | 44.96M | 33.72M |
| EBIT | -16.51M | -23.53M | -69.52M | -131.98M | -210.31M | -217.14M | -177.25M |
| Net Interest Income | 23K | -107K | -187K | 0 | 9.61M | 5.54M | -8.6M |
| Interest Income | 23K | 0 | 0 | 5.23M | 14.07M | 12.33M | 13M |
| Interest Expense | 0 | 107K | 187K | 5.23M | 4.46M | 6.79M | 21.6M |
| Other Income/Expense | 323K | -16.12M | -56.35M | 80.36M | 15.49M | 18.74M | 19.34M |
| 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% |
| Pretax Margin % | - | - | - | -832.34% | -2809.59% | -970.47% | -496.27% |
| Income Tax | 0 | 0 | 0 | 0 | -633K | -1.39M | -1.31M |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0.29% | 0.62% | 0.83% |
| 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% |
| Net Margin % | - | - | - | -832.34% | -2800.51% | -963.17% | -492.57% |
| Net Income Growth % | - | -144.93% | -217.46% | 58.99% | -314.69% | -3.82% | 29.47% |
| Net Income (Continuing) | -16.19M | -39.65M | -125.87M | -51.62M | -214.13M | -222.53M | -156.61M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 2.96M | 2.66M | 2.8M |
| 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% |
| EPS Growth % | - | 7.14% | -315.38% | 24.07% | -68.29% | 7.97% | 40.94% |
| 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 |
| Basic Shares Outstanding | 57.74M | 145.25M | 117.22M | 152.92M | 157.56M | 175.04M | 207.64M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
ENVX Balance Sheet
Enovix Corporation (ENVX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 10.6M | 33.04M | 398.12M | 329.65M | 323.18M | 295.01M | 542.21M |
| Cash & Short-Term Investments | 10.23M | 29.14M | 385.29M | 322.85M | 306.81M | 272.87M | 512.04M |
| Cash Only | 10.23M | 29.14M | 385.29M | 322.85M | 233.12M | 272.87M | 106.01M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 73.69M | 0 | 406.03M |
| Accounts Receivable | 0 | 0 | 0 | 170K | 2.42M | 4.57M | 4.42M |
| Days Sales Outstanding | - | - | - | 10 | 115.7 | 72.29 | 50.71 |
| Inventory | 0 | 0 | 0 | 634K | 8.74M | 7.66M | 13.62M |
| Days Inventory Outstanding | - | - | - | 9.96 | 50.57 | 111.36 | 193.27 |
| Other Current Assets | 75K | 2.96M | 4.55M | 5.99M | 5.2M | 9.9M | 12.13M |
| Total Non-Current Assets | 6.02M | 31.92M | 84.44M | 110.94M | 241.13M | 232.16M | 336.76M |
| Property, Plant & Equipment | 4.92M | 31.29M | 83.28M | 110M | 181.76M | 181.43M | 181.94M |
| Fixed Asset Turnover | - | - | - | 0.06x | 0.04x | 0.13x | 0.17x |
| Goodwill | 0 | 0 | 0 | 0 | 12.1M | 12.22M | 12.22M |
| Intangible Assets | 0 | 0 | 0 | 0 | 42.17M | 36.39M | 31.64M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 106.81M |
| Other Non-Current Assets | 1.1M | 630K | 1.16M | 937K | 5.1M | 2.13M | 4.16M |
| 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% | 878.98M▲ 66.7% |
| Asset Turnover | - | - | - | 0.01x | 0.01x | 0.04x | 0.04x |
| Asset Growth % | - | 291.02% | 642.82% | -8.7% | 28.08% | -6.58% | 66.73% |
| Total Current Liabilities | 1.03M | 10.87M | 20.64M | 23.03M | 61.02M | 53.7M | 65.02M |
| Accounts Payable | 257K | 2.08M | 3.14M | 7.08M | 21.25M | 9.49M | 17.82M |
| Days Payables Outstanding | 582.64 | 225.27 | 583.41 | 111.15 | 123 | 137.93 | 252.9 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 5.92M | 9.45M | 9.87M |
| Deferred Revenue (Current) | 0 | 5.41M | 5.58M | 50K | 6.71M | 3.65M | 5.01M |
| Other Current Liabilities | 95K | 1.38M | 4.81M | 8.81M | 13.17M | 11.26M | 32.32M |
| Current Ratio | 10.33x | 3.04x | 19.29x | 14.31x | 5.30x | 5.49x | 8.34x |
| Quick Ratio | 10.33x | 3.04x | 19.29x | 14.29x | 5.15x | 5.35x | 8.13x |
| Cash Conversion Cycle | - | - | - | -91.19 | 43.27 | 45.73 | -8.92 |
| Total Non-Current Liabilities | 11.88M | 17.88M | 135.81M | 61.13M | 242.18M | 224.06M | 539.95M |
| Long-Term Debt | 5.65M | 0 | 0 | 0 | 169.1M | 169.82M | 11.24M |
| Capital Lease Obligations | 0 | 0 | 9.07M | 8.23M | 15.59M | 13.29M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 10.8M | 8.78M | 9.12M |
| Other Non-Current Liabilities | 6.23M | 17.8M | 124.45M | 49.17M | 42.91M | 28.39M | 519.59M |
| Total Liabilities | 12.91M | 28.75M | 156.45M | 84.16M | 303.2M | 277.77M | 604.96M |
| Total Debt | 5.65M | 0 | 9.07M | 8.23M | 190.61M | 192.56M | 21.11M |
| Net Debt | -4.58M | -29.14M | -376.22M | -314.62M | -42.51M | -80.3M | -84.91M |
| Debt / Equity | 1.52x | - | 0.03x | 0.02x | 0.73x | 0.77x | 0.08x |
| Debt / EBITDA | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - |
| Interest Coverage | - | -219.91x | -371.78x | -25.23x | -51.67x | -35.75x | -8.21x |
| 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% |
| Equity Growth % | - | 876.7% | 800.48% | 9.29% | -26.74% | -4.48% | 9.87% |
| Book Value per Share | 0.06 | 0.25 | 2.78 | 2.31 | 1.65 | 1.42 | 1.32 |
| Total Shareholders' Equity | 3.71M | 36.22M | 326.12M | 356.43M | 258.15M | 246.74M | 271.21M |
| Common Stock | 59K | 10K | 15K | 15K | 17K | 19K | 22K |
| Retained Earnings | -167.63M | -207.28M | -333.15M | -384.77M | -598.85M | -821.09M | -977.83M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | -62K | -143K | -508K |
| Minority Interest | 0 | 0 | 0 | 0 | 2.96M | 2.66M | 2.8M |
ENVX Cash Flow Statement
Enovix Corporation (ENVX) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -10.98M | -20.05M | -51.7M | -82.74M | -104.64M | -108.63M | -95.29M |
| 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% |
| Net Income | -16.19M | -39.65M | -125.87M | -51.62M | -214.13M | -222.53M | -156.61M |
| Depreciation & Amortization | 509K | 579K | 1.51M | 7.97M | 34.01M | 44.96M | 35.11M |
| Stock-Based Compensation | 328K | 666K | 10.71M | 30.37M | 69.45M | 58.84M | 49.37M |
| Deferred Taxes | 0 | 13.64M | 0 | 0 | 0 | 0 | -1.3M |
| Other Non-Cash Items | 5.29M | 2.53M | 56.2M | -70.26M | -1.07M | 26.46M | -15.36M |
| Working Capital Changes | -922K | 2.19M | 5.74M | 802K | 7.1M | -16.36M | -6.5M |
| Change in Receivables | 0 | 0 | 0 | -170K | -370K | -2.46M | -3.94M |
| Change in Inventory | 0 | 0 | 0 | -634K | 4.51M | 1.07M | -5.51M |
| Change in Payables | 0 | 1.83M | 1.52M | 2.27M | 6.1M | -7.97M | 4.69M |
| Cash from Investing | -1.65M | -26.95M | -43.58M | -36.21M | -142.96M | -1.38M | -538.27M |
| Capital Expenditures | -1.65M | -26.95M | -43.58M | -36.21M | -32.98M | -76.19M | -18.22M |
| CapEx % of Revenue | - | - | - | 583.88% | 431.44% | 330.19% | 57.27% |
| Acquisitions | 0 | 0 | 0 | 0 | -9.97M | 0 | -10M |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | -973K | 0 | 0 |
| Cash from Financing | 5.79M | 65.92M | 451.49M | 56.51M | 159.59M | 150.75M | 467.38M |
| Debt Issued (Net) | - | 0 | 0 | 0 | 172.43M | 4.36M | 302.62M |
| Equity Issued (Net) | - | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -27K | -27K | -10K | -26K | -4K | -58.38M |
| Other Financing | 137K | 65.92M | 374.05M | -587K | -27.1M | 39.2M | -6.54M |
| 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% |
| Free Cash Flow | -12.63M▲ 0% | -47M▼ 272.2% | -95.29M▼ 102.7% | -118.95M▼ 24.8% | -110.39M▲ 7.2% | -184.82M▼ 67.4% | -113.51M▲ 38.6% |
| FCF Margin % | - | - | - | -1917.96% | -1444.1% | -800.99% | -356.73% |
| FCF Growth % | - | -272.18% | -102.73% | -24.83% | 7.2% | -67.43% | 38.58% |
| FCF per Share | -0.22 | -0.32 | -0.81 | -0.77 | -0.70 | -1.06 | -0.55 |
| FCF Conversion (FCF/Net Income) | 0.68x | 0.51x | 0.41x | 1.60x | 0.49x | 0.49x | 0.61x |
| Interest Paid | - | 0 | 0 | 0 | 0 | 5.69M | 0 |
| Taxes Paid | - | 0 | 0 | 0 | 0 | 185K | 0 |
ENVX Key Ratios
Enovix Corporation (ENVX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -436.57% | -198.63% | -69.48% | -15.13% | -69.33% | -87.07% | -59.89% |
| Return on Invested Capital (ROIC) | - | -568.72% | - | - | -132.63% | -93.89% | -74.23% |
| Gross Margin | - | - | - | -274.7% | -724.97% | -8.86% | 19.19% |
| Net Margin | - | - | - | -832.34% | -2800.51% | -963.17% | -492.57% |
| Debt / Equity | 1.52x | - | 0.03x | 0.02x | 0.73x | 0.77x | 0.08x |
| Interest Coverage | - | -219.91x | -371.78x | -25.23x | -51.67x | -35.75x | -8.21x |
| FCF Conversion | 0.68x | 0.51x | 0.41x | 1.60x | 0.49x | 0.49x | 0.61x |
| Revenue Growth | - | - | - | - | 23.25% | 201.86% | 37.91% |
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 $31.8M 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 $156.7M 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 $113.5M in fiscal year 2025, likely due to heavy capital investments.
Explore More ENVX
Enovix Corporation (ENVX) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates