NASDAQ : ENVX
Enovix Corporation — Financial statements
Industrials · Electrical Equipment & Parts · United States
Last price 3.15 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 674.13M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Enovix Corporation (ENVX) reported revenue of 35.88M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 35.88M | 31.82M | 23.07M | 7.64M | 6.20M | |
| Cost of Revenue | 29.12M | 25.72M | 23.22M | 57.76M | 23.24M | 1.97M |
| Gross Profit | 6.76M | 6.11M | -145.00K | -50.12M | -17.04M | -1.97M |
| Selling, General & Admin | 77.68M | 72.33M | 74.21M | 77.61M | 51.97M | 29.70M |
| Research & Development | 107.23M | 110.33M | 106.21M | 75.29M | 58.05M | 37.85M |
| Operating Expenses | 184.91M | 182.66M | 180.42M | 152.91M | 110.02M | 67.56M |
| Operating Income | -178.15M | -176.55M | -180.56M | -203.02M | -127.06M | -69.52M |
| Interest Expense | -31.70M | -21.60M | -6.79M | -4.46M | -187.00K | |
| Interest & Investment Income | 19.05M | 13.00M | 12.33M | 14.07M | 5.23M | 37.00K |
| Other Non Operating Income (Expenses) | 19.81M | 23.17M | 13.20M | 5.88M | 75.13M | -56.20M |
| EBT Excluding Unusual Items | -171.00M | -161.98M | -161.82M | -187.53M | -46.70M | -125.87M |
| Merger & Restructuring Charges | -700.00K | -62.11M | -22.82M | |||
| Asset Writedown | -4.41M | -4.92M | ||||
| Other Unusual Items | 4.76M | |||||
| Pretax Income | -171.00M | -157.92M | -223.93M | -214.76M | -51.62M | -125.87M |
| Income Tax Expense | -859.00K | -1.31M | -1.39M | -633.00K | ||
| Earnings From Continuing Operations | -170.15M | -156.61M | -222.53M | -214.13M | -51.62M | -125.87M |
| Minority Interest in Earnings | 119.00K | -134.00K | 293.00K | 61.00K | ||
| Net Income | -170.03M | -156.74M | -222.24M | -214.07M | -51.62M | -125.87M |
| Net Income to Common | -170.03M | -156.74M | -222.24M | -214.07M | -51.62M | -125.87M |
| Shares Outstanding (Basic) | 214.55M | 207.64M | 186.04M | 169.06M | 152.92M | 117.22M |
| Shares Outstanding (Diluted) | 214.55M | 207.64M | 186.04M | 169.57M | 154.15M | 117.22M |
| EPS (Basic) | -0.79 | -0.75 | -1.19 | -1.27 | -0.34 | -1.07 |
| EPS (Diluted) | -0.79 | -0.75 | -1.19 | -1.30 | -0.82 | -1.07 |
| Free Cash Flow | -124.20M | -113.51M | -184.82M | -166.43M | -118.95M | -94.89M |
| Free Cash Flow Per Share | -0.58 | -0.55 | -0.99 | -0.98 | -0.77 | -0.81 |
| Gross Margin | 18.83% | 19.18% | -0.63% | -274.70% | ||
| Operating Margin | -496.54% | -554.84% | -782.53% | -2,655.98% | -2,048.66% | |
| Profit Margin | -473.89% | -492.57% | -963.17% | -2,800.51% | -832.34% | |
| Free Cash Flow Margin | -346.17% | -356.73% | -800.99% | -2,177.28% | -1,917.96% | |
| EBITDA | -140.91M | -141.44M | -154.00M | -187.51M | -119.09M | -68.01M |
| D&A For EBITDA | 37.24M | 35.11M | 26.56M | 15.51M | 7.97M | 1.51M |
| EBIT | -178.15M | -176.55M | -180.56M | -203.02M | -127.06M | -69.52M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 33.74M | 106.01M | 272.87M | 233.12M | 322.85M | 385.29M |
| Short-Term Investments | 442.04M | 406.03M | 73.69M | |||
| Cash & Short-Term Investments | 475.78M | 512.04M | 272.87M | 306.81M | 322.85M | 385.29M |
| Accounts Receivable | 3.10M | 4.42M | 4.57M | 909.00K | 170.00K | |
| Other Receivables | 5.70M | 5.60M | ||||
| Receivables | 3.10M | 8.43M | 4.57M | 2.42M | 5.87M | 5.60M |
| Inventory | 17.52M | 13.62M | 7.66M | 8.74M | 634.00K | |
| Prepaid Expenses | 9.34M | 8.12M | 9.90M | 5.20M | 193.00K | 2.55M |
| Restricted Cash | 100.00K | 125.00K | ||||
| Other Current Assets | 4.55M | |||||
| Total Current Assets | 505.74M | 542.21M | 295.01M | 323.18M | 329.65M | 398.12M |
| Property, Plant & Equipment | 173.79M | 181.94M | 181.43M | 181.76M | 110.00M | 83.28M |
| Long-Term Investments | 74.43M | 106.81M | ||||
| Goodwill | 12.22M | 12.22M | 12.22M | 12.10M | ||
| Other Intangible Assets | 29.17M | 31.64M | 36.39M | 42.17M | ||
| Other Long-Term Assets | 4.27M | 4.16M | 2.13M | 5.10M | 937.00K | 1.16M |
| Total Assets | 799.62M | 878.98M | 527.17M | 564.30M | 440.59M | 482.56M |
| Accounts Payable | 12.17M | 17.82M | 9.49M | 21.25M | 7.08M | 3.14M |
| Accrued Expenses | 19.02M | 20.21M | 28.07M | 24.71M | 15.19M | 11.21M |
| Short-Term Debt | 10.38M | 9.63M | 9.28M | 5.92M | ||
| Current Portion of Long-Term Debt | 216.00K | 230.00K | 170.00K | |||
| Current Portion of Leases | 4.24M | 3.91M | ||||
| Current Unearned Revenue | 3.71M | 5.01M | 3.65M | 6.71M | 50.00K | 5.58M |
| Other Current Liabilities | 2.38M | 8.20M | 3.04M | 2.44M | 716.00K | 707.00K |
| Total Current Liabilities | 52.11M | 65.02M | 53.70M | 61.02M | 23.03M | 20.64M |
| Long-Term Debt | 520.99M | 519.27M | 169.82M | 169.10M | ||
| Long-Term Leases | 5.89M | 11.24M | 13.29M | 15.59M | 8.23M | 9.07M |
| Long-Term Unearned Revenue | 300.00K | 300.00K | 3.77M | 3.77M | 3.72M | 2.29M |
| Long-Term Deferred Tax Liabilities | 8.32M | 9.12M | 8.78M | 10.80M | ||
| Other Long-Term Liabilities | 13.00K | 14.00K | 28.39M | 42.91M | 49.17M | 124.45M |
| Total Liabilities | 587.63M | 604.96M | 277.77M | 303.20M | 84.16M | 156.45M |
| Common Stock | 23.00K | 22.00K | 19.00K | 17.00K | 15.00K | 15.00K |
| Additional Paid-In Capital | 1.33B | 1.31B | 1.07B | 857.04M | 741.19M | 659.25M |
| Retained Earnings | -1.06B | -977.83M | -821.09M | -598.85M | -384.77M | -333.15M |
| Treasury Stock | -58.38M | -58.38M | ||||
| Comprehensive Income & Other | -1.42M | -508.00K | -143.00K | -62.00K | ||
| Total Common Equity | 209.94M | 271.21M | 246.74M | 258.15M | 356.43M | 326.12M |
| Minority Interest | 2.04M | 2.80M | 2.66M | 2.96M | ||
| Shareholders' Equity | 211.99M | 274.01M | 249.40M | 261.10M | 356.43M | 326.12M |
| Total Liabilities & Equity | 799.62M | 878.98M | 527.17M | 564.30M | 440.59M | 482.56M |
| Total Debt | 541.72M | 544.29M | 192.56M | 190.61M | 8.23M | 9.07M |
| Net Cash (Debt) | -65.94M | -32.25M | 80.30M | 116.20M | 314.62M | 376.22M |
| Net Cash Per Share | -0.31 | -0.16 | 0.43 | 0.69 | 2.04 | 3.21 |
| Filing Date Shares Outstanding | 214.01M | 211.79M | 191.27M | 168.50M | 157.78M | 156.48M |
| Total Common Shares Outstanding | 213.76M | 211.12M | 190.56M | 167.39M | 157.46M | 152.27M |
| Working Capital | 453.63M | 477.19M | 241.31M | 262.16M | 306.62M | 377.49M |
| Book Value Per Share | 0.98 | 1.28 | 1.29 | 1.54 | 2.26 | 2.14 |
| Tangible Book Value | 168.56M | 227.36M | 198.13M | 203.88M | 356.43M | 326.12M |
| Tangible Book Value Per Share | 0.79 | 1.08 | 1.04 | 1.22 | 2.26 | 2.14 |
| Land | 5.17M | 1.43M | 1.43M | |||
| Buildings | 42.88M | 33.66M | 36.65M | 24.57M | ||
| Machinery | 158.42M | 134.87M | 103.79M | 58.05M | 8.19M | |
| Construction In Progress | 13.52M | 18.99M | 68.96M | 33.27M | 71.13M | |
| Leasehold Improvements | 1.88M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -170.03M | -156.74M | -222.24M | -214.07M | -51.62M | -125.87M |
| Depreciation & Amortization | 37.24M | 35.11M | 26.56M | 15.51M | 7.97M | 1.51M |
| Asset Writedown & Restructuring Costs | 56.66M | 22.91M | 4.92M | |||
| Stock-Based Compensation | 48.03M | 49.37M | 58.84M | 69.45M | 30.37M | 10.71M |
| Other Operating Activities | -11.54M | -16.53M | -12.09M | -5.54M | -75.18M | 56.20M |
| Change in Accounts Receivable | 1.74M | -3.94M | -2.46M | -370.00K | -170.00K | |
| Change in Inventory | -4.35M | -5.51M | 1.07M | 4.51M | -634.00K | |
| Change in Accounts Payable | -1.23M | 4.69M | -7.97M | 6.10M | 2.27M | 1.52M |
| Change in Unearned Revenue | -4.36M | -1.99M | -3.06M | -3.86M | -4.09M | 2.37M |
| Change in Other Net Operating Assets | -1.46M | 1.54M | -1.24M | 1.54M | 3.42M | 2.25M |
| Operating Cash Flow | -107.38M | -95.29M | -108.63M | -104.64M | -82.74M | -51.31M |
| Capital Expenditures | -16.82M | -18.22M | -76.19M | -61.80M | -36.21M | -43.58M |
| Cash Acquisitions | -10.00M | -9.97M | ||||
| Investment in Securities | -445.69M | -510.05M | 74.81M | -71.19M | ||
| Investing Cash Flow | -462.52M | -538.27M | -1.38M | -142.96M | -36.21M | -43.58M |
| Long-Term Debt Issued | 360.00M | 4.57M | 172.50M | 15.00M | ||
| Long-Term Debt Repaid | -919.00K | -209.00K | -69.00K | -15.00M | ||
| Net Debt Issued (Repaid) | 361.09M | 359.08M | 4.36M | 172.43M | ||
| Issuance of Common Stock | 236.22M | 236.77M | 153.47M | 14.28M | 57.11M | 482.62M |
| Repurchase of Common Stock | -65.46M | -64.93M | -7.08M | -3.96M | -597.00K | -27.00K |
| Other Financing Activities | -63.77M | -63.54M | -23.17M | -31.50M | ||
| Financing Cash Flow | 468.08M | 467.38M | 150.75M | 159.59M | 56.51M | 451.09M |
| Foreign Exchange Rate Adjustments | -636.00K | -536.00K | -1.17M | 154.00K | ||
| Net Cash Flow | -102.45M | -166.71M | 39.57M | -87.85M | -62.44M | 356.20M |
| Free Cash Flow | -124.20M | -113.51M | -184.82M | -166.43M | -118.95M | -94.89M |
| Free Cash Flow Margin | -346.17% | -356.73% | -800.99% | -2,177.28% | -1,917.96% | |
| Free Cash Flow Per Share | -0.58 | -0.55 | -0.99 | -0.98 | -0.77 | -0.81 |
| Levered Free Cash Flow | -69.50M | -58.63M | -124.51M | -84.00M | -68.86M | -74.09M |
| Unlevered Free Cash Flow | -49.69M | -45.13M | -120.27M | -81.22M | -68.86M | -73.97M |
| Cash Interest Paid | 14.07M | 5.67M | 5.69M | 2.76M | ||
| Cash Income Tax Paid | 1.05M | 1.13M | 185.00K | |||
| Change in Working Capital | -11.08M | -6.50M | -16.36M | 7.10M | 802.00K | 6.14M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 634.54M | 1.61B | 2.13B | 2.10B | 1.95B | 3.96B |
| Enterprise Value | 700.48M | 1.59B | 2.12B | 1.90B | 1.61B | 3.63B |
| Last Close Price | 3.15 | 7.63 | 11.28 | 12.52 | 12.44 | 27.28 |
| PS Ratio | 18.46 | 50.44 | 92.10 | 274.80 | 315.12 | |
| PB Ratio | 3.21 | 5.86 | 8.52 | 8.04 | 5.48 | 12.15 |
| P/TBV Ratio | 3.93 | 7.06 | 10.73 | 10.30 | 5.48 | 12.15 |
| EV/Sales Ratio | 20.30 | 50.03 | 92.06 | 249.18 | 260.31 | |
| Debt / Equity Ratio | 2.56 | 1.99 | 0.77 | 0.73 | 0.02 | 0.03 |
| Net Debt / Equity Ratio | 0.31 | 0.12 | -0.32 | -0.45 | -0.88 | -1.15 |
| Net Debt / EBITDA Ratio | -0.47 | -0.23 | 0.52 | 0.62 | 2.64 | 5.53 |
| Net Debt / FCF Ratio | -0.53 | -0.28 | 0.43 | 0.70 | 2.65 | 3.96 |
| Asset Turnover | 0.06 | 0.04 | 0.04 | 0.01 | 0.01 | |
| Inventory Turnover | 1.89 | 2.42 | 2.83 | 12.33 | ||
| Quick Ratio | 9.19 | 7.94 | 5.17 | 5.04 | 14.27 | 18.94 |
| Current Ratio | 9.71 | 8.34 | 5.49 | 5.30 | 14.31 | 19.29 |
| Return on Equity (ROE) | -81.28% | -59.84% | -87.18% | -69.35% | -15.13% | -69.48% |
| Return on Assets (ROA) | -17.55% | -15.70% | -20.68% | -25.25% | -17.20% | -15.87% |
| Return on Capital Employed (ROCE) | -23.80% | -21.70% | -38.10% | -40.30% | -30.40% | -15.10% |
| Earnings Yield | -26.73% | -9.77% | -10.46% | -10.19% | -2.64% | -3.18% |
| FCF Yield | -18.75% | -7.07% | -8.70% | -7.92% | -6.09% | -2.40% |
| Buyback Yield / Dilution | -8.58% | -11.61% | -9.71% | -10.01% | -31.51% | -45.85% |