ENVX

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Enovix Corp.

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Key Metrics

Previous Close: $3.40
52-Week Range: $3.06 – $14.21
Market Cap: $717.60M
P/E (TTM): —
EPS (TTM): -0.76
Dividend Yield: —

Advanced Metrics

Price/Book: 3.33
PEG Ratio: —
Return on Equity: -81.28%
Return on Assets: -17.55%
Gross Margin: 18.83%
Operating Margin: -479.79%
Profit Margin: 0.00%
Current Ratio: 9.71
Debt/Equity: 2.56
Total Debt: $541.72M
Free Cash Flow: $-69.50M
Revenue Growth: 20.80%
Earnings Growth: —
Enterprise Value: $767.80M

ENVX Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$6.20M	$7.64M	$23.07M	$31.82M
Cost of Revenue	$23.24M	$63.06M	$25.12M	$25.72M
Gross Profit	-$17.04M	-$55.42M	-$2.04M	$6.11M
Research & Development	$58.05M	$88.39M	$124.51M	$110.33M
Selling, General & Admin	$51.97M	$79.01M	$74.31M	$73.03M
Operating Expenses	$110.02M	$167.41M	$198.82M	$183.36M
Operating Income	-$127.06M	-$222.82M	-$200.86M	-$177.25M
EBITDA	-$43.65M	-$176.30M	-$172.18M	-$101.21M
Pretax Income	-$51.62M	-$214.76M	-$223.93M	-$157.92M
Income Tax	$0.00	-$633.00K	-$1.39M	-$1.31M
Net Income	-$51.62M	-$214.07M	-$222.24M	-$156.74M
Diluted EPS	-0.82	-1.38	-1.27	-0.75
Diluted Shares	154.15M	159.58M	175.04M	207.64M

ENVX Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$322.85M	$233.12M	$272.87M	$106.01M
Receivables	$170.00K	$2.42M	$4.57M	$8.43M
Inventory	$634.00K	$8.74M	$7.66M	$13.62M
Current Assets	$329.65M	$323.18M	$295.01M	$542.21M
Total Assets	$440.59M	$564.30M	$527.17M	$878.98M
Current Liabilities	$23.03M	$61.02M	$53.70M	$65.02M
Long-Term Debt	—	$169.10M	$169.82M	$519.27M
Total Debt	$8.23M	$190.61M	$192.56M	$540.38M
Total Liabilities	$84.16M	$303.20M	$277.77M	$604.96M
Retained Earnings	-$384.77M	-$598.85M	-$821.09M	-$977.83M
Shareholders' Equity	$356.43M	$258.15M	$246.74M	$271.21M
Working Capital	$306.62M	$262.16M	$241.31M	$477.19M
Net Debt	—	—	—	$423.12M

ENVX Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$82.74M	-$104.64M	-$108.63M	-$95.29M
Capital Expenditure	-$36.21M	-$61.80M	-$76.19M	-$18.22M
Free Cash Flow	-$118.95M	-$166.43M	-$184.82M	-$113.51M
Depreciation & Amortisation	$7.97M	$34.01M	$44.96M	$35.11M
Stock-Based Compensation	$30.37M	$69.45M	$58.84M	$49.37M
Investing Cash Flow	-$36.21M	-$142.96M	-$1.38M	-$538.27M
Financing Cash Flow	$56.51M	$159.59M	$150.75M	$467.38M
Share Repurchases	-$10.00K	-$26.00K	-$4.00K	-$58.38M
Net Change in Cash	-$62.44M	-$88.01M	$40.74M	-$166.18M

ENVX Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$5.10M	$7.47M	$7.99M	$11.27M	$7.60M
Cost of Revenue	$4.84M	$5.53M	$6.59M	$8.76M	$6.05M
Gross Profit	$261.00K	$1.94M	$1.40M	$2.50M	$1.55M
Research & Development	$25.93M	$28.15M	$28.18M	$28.07M	$26.53M
Selling, General & Admin	$16.89M	$17.53M	$20.19M	$18.41M	$18.92M
Operating Expenses	$42.82M	$45.67M	$48.37M	$46.49M	$45.45M
Operating Income	-$42.56M	-$43.73M	-$46.97M	-$43.99M	-$43.90M
EBITDA	-$13.53M	-$34.59M	-$33.03M	-$20.06M	-$22.01M
Pretax Income	-$23.69M	-$45.13M	-$54.19M	-$34.91M	-$38.39M
Income Tax	-$162.00K	-$861.00K	-$422.00K	$133.00K	-$129.00K
Net Income	-$23.51M	-$44.53M	-$53.71M	-$34.99M	-$38.26M
Diluted EPS	-0.12	-0.22	-0.27	-0.16	-0.18
Diluted Shares	191.30M	204.82M	206.81M	216.31M	217.37M

ENVX Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$189.87M	$135.98M	$335.50M	$106.01M	$88.75M
Receivables	$4.15M	$5.35M	$7.04M	$8.43M	$3.94M
Inventory	$10.48M	$13.38M	$15.22M	$13.62M	$16.45M
Current Assets	$270.17M	$228.34M	$588.63M	$542.21M	$558.50M
Total Assets	$499.05M	$469.11M	$913.71M	$878.98M	$833.89M
Current Liabilities	$57.79M	$52.27M	$60.57M	$65.02M	$50.89M
Long-Term Debt	$169.19M	$169.44M	$518.35M	$519.27M	$520.16M
Total Debt	$192.19M	$192.03M	$539.91M	$540.38M	$540.50M
Total Liabilities	$261.26M	$262.46M	$616.61M	$604.96M	$591.16M
Retained Earnings	-$844.60M	-$889.12M	-$942.84M	-$977.83M	-$1.02B
Shareholders' Equity	$235.14M	$203.75M	$294.26M	$271.21M	$240.67M
Working Capital	$212.38M	$176.06M	$528.06M	$477.19M	$507.60M
Net Debt	—	$43.87M	$193.00M	$423.12M	$440.85M

ENVX Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$16.91M	-$25.86M	-$25.53M	-$27.00M	-$33.07M
Capital Expenditure	-$6.27M	-$7.97M	-$2.97M	-$1.01M	-$3.22M
Free Cash Flow	-$23.18M	-$33.83M	-$28.50M	-$28.01M	-$36.29M
Depreciation & Amortisation	$8.45M	$8.83M	$9.40M	$8.44M	$9.37M
Stock-Based Compensation	$12.01M	$14.12M	$11.84M	$11.39M	$11.77M
Investing Cash Flow	-$64.37M	-$26.72M	-$248.12M	-$199.06M	$18.33M
Financing Cash Flow	-$1.49M	-$1.19M	$473.42M	-$3.35M	-$2.46M
Share Repurchases	—	—	-$58.38M	$0.00	—
Net Change in Cash	-$82.77M	-$53.77M	$199.78M	-$229.41M	-$17.20M

Market Snapshot

About

Enovix Corp. is a battery innovation company developing next-generation lithium-ion batteries using proprietary 3D Silicon architecture. The company's technology enables higher energy density, faster charging, and improved safety compared to conventional lithium-ion batteries. Enovix is initially targeting the consumer electronics, electric vehicle, and industrial markets with its advanced battery cells. The company operates manufacturing facilities in California and is scaling production to meet growing demand for high-performance energy storage solutions.