Enovix Corp (ENVX) Financial Statements
Industry: Miscellaneous Electrical Machinery, Equipment & Supplies
In fiscal 2025, Enovix reported revenue of $31.8M, up 37.9% from $23.1M the year before. Net income was -$156.7M (a -492.6% net margin), or -$0.75 per diluted share. Gross margin was 19.2% and operating margin was -557.0%. Operating activities generated -$95.3M of cash, leaving -$113.5M of free cash flow. At fiscal year end, Enovix held $879.0M in total assets against $605.0M in total liabilities, including $106.0M of cash and equivalents.
Open the full interactive Enovix financials → Quarterly statements, key ratios, valuation history and price charts.
Enovix Key Stats
| Share Price | $2.51 |
|---|---|
| Market Cap | $548.4M |
| Revenue YoY Growth | +37.9% |
| 52-Week Range | $2.46 – $13.19 |
| Shares Outstanding | 218.5 million (basic, 2026 Q2) |
Enovix Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $0 | $6.2M | $7.6M | $23.1M | $31.8M |
| Cost of Goods Sold | — | $23.2M | $63.1M | $25.1M | — |
| Gross Profit | — | -$17.0M | -$55.4M | -$2.0M | $6.1M |
| Operating Income | -$69.5M | -$132.0M | -$230.3M | -$242.7M | -$177.3M |
| Pre-Tax Income | -$125.9M | -$51.6M | -$214.8M | -$223.9M | -$157.9M |
| Income Tax | $0 | $0 | -$633,000 | -$1.4M | -$1.3M |
| Net Income | -$125.9M | -$51.6M | -$214.1M | -$222.2M | -$156.7M |
| Diluted EPS | -$1.07 | -$0.82 | -$1.38 | -$1.27 | -$0.75 |
Enovix Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $8.0M | $11.3M | $7.6M | $9.0M |
| Net Income | -$53.7M | -$35.0M | -$38.3M | -$43.1M |
| Diluted EPS | -$0.27 | -$0.17 | -$0.18 | -$0.20 |
Enovix Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $385.3M | $322.9M | $233.1M | $272.9M | $106.0M |
| Current Assets | $398.1M | $329.6M | $323.2M | $295.0M | $542.2M |
| Total Assets | $482.6M | $440.6M | $564.3M | $527.2M | $879.0M |
| Current Liabilities | $20.6M | $23.0M | $61.0M | $53.7M | $65.0M |
| Total Long-Term Debt | — | — | $170.7M | $170.0M | $519.5M |
| Total Liabilities | $156.4M | $84.2M | $303.2M | $277.8M | $605.0M |
| Shareholders' Equity | $326.1M | $356.4M | $258.1M | $246.7M | $271.2M |
Enovix Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$51.3M | -$82.7M | -$104.6M | -$108.6M | -$95.3M |
| Cash From Investing | -$43.6M | -$36.2M | -$143.0M | -$1.4M | -$538.3M |
| Cash From Financing | $451.1M | $56.5M | $159.6M | $150.7M | $467.4M |
| Free Cash Flow | -$94.9M | -$119.0M | -$166.4M | -$184.8M | -$113.5M |
Figures from Enovix's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Enovix financials page for every line item.
Enovix Company Profile
| Ticker | ENVX |
|---|---|
| Exchange | Nasdaq |
| Industry | Miscellaneous Electrical Machinery, Equipment & Supplies |
| Headquarters | Fremont, California |
| Fiscal Year End | December 28 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001828318 |
Frequently Asked Questions
What was Enovix's revenue in fiscal 2025?
Enovix (ENVX) reported revenue of $31.8M for fiscal 2025.
What is Enovix's annual revenue history?
Enovix's annual revenue by fiscal year: 2021: $0; 2022: $6.2M; 2023: $7.6M; 2024: $23.1M; 2025: $31.8M.
What was Enovix's net income in fiscal 2025?
Enovix reported net income of -$156.7M for fiscal 2025.
What was Enovix's earnings per share (EPS) in fiscal 2025?
Enovix's diluted EPS was -$0.75 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Enovix generate in fiscal 2025?
Enovix generated -$113.5M of free cash flow in fiscal 2025.
What was Enovix's revenue last quarter?
In its most recent reported quarter (2026 Q2), Enovix reported revenue of $9.0M.
How much debt does Enovix have?
Enovix reported $519.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Enovix are outstanding?
Enovix reported a weighted average of 218.5 million basic shares outstanding in 2026 Q2.
What is Enovix's market cap?
Based on its latest closing price, Enovix (ENVX) has a market capitalization of about $548.4M.
When does Enovix's fiscal year end?
Enovix's fiscal year end, as registered with the SEC, is December 28.
Where is Enovix headquartered?
Enovix lists its business address in Fremont, California in its SEC filings.
Enovix Competitors & Similar Companies
See all 32 Miscellaneous Electrical Machinery, Equipment & Supplies companies →