ENVX · Enovix Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.60M | - | $7.99M | $7.47M | $5.10M | - | $4.32M | $3.77M | $5.27M | - |
| Cost of Revenue | $6.05M | - | $6.59M | $5.53M | $4.84M | - | $4.96M | $4.42M | $7.07M | - |
| Gross Profit | $1.55M | - | $1.40M | $1.94M | $261.0K | - | ($642.0K) | ($655.0K) | ($1.80M) | - |
| R&D | $26.53M | - | $28.18M | $28.15M | $25.93M | - | $24.22M | $29.07M | $48.79M | - |
| SG&A | $18.92M | - | $20.19M | $17.53M | $16.89M | - | $20.74M | $20.88M | $19.55M | - |
| Total Operating Expenses | $45.45M | - | $48.37M | $45.67M | $42.82M | - | $48.63M | $88.09M | $68.34M | - |
| D&A | $9.37M | - | $7.70M | $7.18M | $8.45M | - | $4.68M | $4.16M | $24.97M | - |
| Operating Income | ($43.90M) | - | ($46.97M) | ($43.73M) | ($42.56M) | - | ($49.27M) | ($88.75M) | ($70.14M) | - |
| Interest Expense | $7.01M | - | $2.54M | $1.71M | $1.72M | - | $1.72M | $1.26M | $1.66M | - |
| Income Tax | ($129.0K) | - | ($422.0K) | ($861.0K) | ($162.0K) | - | $2.19M | $0 | ($152.0K) | - |
| Net Income | ($38.26M) | - | ($53.71M) | ($44.53M) | ($23.51M) | - | ($22.54M) | ($115.87M) | ($46.37M) | - |
| EPS - Basic | ($0.18) | - | ($0.26) | ($0.22) | ($0.12) | - | ($0.13) | ($0.67) | ($0.28) | - |
| EPS - Diluted | ($0.18) | - | ($0.27) | ($0.22) | ($0.12) | - | ($0.30) | ($0.67) | ($0.28) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $88.75M | $106.01M | $335.50M | $135.98M | $189.87M | $272.87M | $200.91M | $235.10M | $222.15M | $233.12M |
| Accounts Receivable | $3.94M | $4.42M | $4.63M | $4.24M | $2.90M | $4.57M | $1.91M | $1.67M | $1.73M | $909.0K |
| Inventory | $16.45M | $13.62M | $15.22M | $13.38M | $10.48M | $7.66M | $9.56M | $9.51M | $6.54M | $8.74M |
| Accounts Payable | $14.94M | $17.82M | $21.31M | $13.91M | $20.61M | $9.49M | $15.05M | $19.43M | $19.28M | $21.25M |
| Current Assets | $558.50M | $542.21M | $588.63M | $228.34M | $270.17M | $295.01M | $223.99M | $269.95M | $278.01M | $323.18M |
| Total Assets | $833.89M | $878.98M | $913.71M | $469.11M | $499.05M | $527.17M | $448.02M | $488.99M | $508.90M | $564.30M |
| Current Liabilities | $50.89M | $65.02M | $60.57M | $52.27M | $57.79M | $53.70M | $59.46M | $67.90M | $56.88M | $61.02M |
| Long-term Debt | $520.16M | $519.27M | $518.35M | $169.44M | $169.19M | $169.82M | $168.74M | $168.50M | $168.28M | $169.10M |
| Total Liabilities | $591.16M | $604.96M | $616.61M | $262.46M | $261.26M | $277.77M | $277.78M | $315.93M | $276.80M | $303.20M |
| Stockholders' Equity | $240.67M | $271.21M | $294.26M | $203.75M | $235.14M | $246.74M | $167.59M | $170.31M | $229.28M | $258.15M |
| Retained Earnings | ($1.02B) | ($977.83M) | ($942.84M) | ($889.12M) | ($844.60M) | ($821.09M) | ($783.62M) | ($761.09M) | ($645.21M) | ($598.85M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($33.07M) | - | - | - | ($16.91M) | - | - | - | ($35.04M) | - |
| Investing Cash Flow | $18.33M | - | - | - | ($64.37M) | - | - | - | $19.11M | - |
| Financing Cash Flow | ($2.46M) | - | - | - | ($1.49M) | - | - | - | $5.43M | - |
| CapEx | $3.22M | - | - | - | $6.27M | - | - | - | $15.09M | - |
| Free Cash Flow | ($36.29M) | - | - | - | ($23.18M) | - | - | - | ($50.13M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 20.4% | - | 17.5% | 26.0% | 5.1% | - | -14.9% | -17.4% | -34.1% | - |
| Operating margin | -577.6% | - | -587.9% | -585.6% | -834.8% | - | -1141.2% | -2355.4% | -1330.3% | - |
| EBITDA margin | -454.3% | - | -491.5% | -489.5% | -669.1% | - | -1032.8% | -2244.9% | -856.6% | - |
| Net margin | -503.4% | - | -672.3% | -596.3% | -461.2% | - | -522.0% | -3075.2% | -879.5% | - |
| Free cash flow margin | -477.5% | - | - | - | -454.7% | - | - | - | -950.9% | - |
| FCF / Net income | 0.95 | - | - | - | 0.99 | - | - | - | 1.08 | - |
| R&D / Revenue | 349.1% | - | 352.7% | 376.9% | 508.6% | - | 561.0% | 771.4% | 925.4% | - |
| SG&A / Revenue | 248.9% | - | 252.7% | 234.7% | 331.3% | - | 480.5% | 554.2% | 370.8% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -4.6% | - | -5.9% | -9.5% | -4.7% | - | -5.0% | -23.7% | -9.1% | - |
| Return on equity | -15.9% | - | -18.3% | -21.9% | -10.0% | - | -13.4% | -68.0% | -20.2% | - |
| Return on invested capital | -4.6% | - | -4.6% | -9.3% | -8.3% | - | -11.6% | -20.7% | -13.9% | - |
| Liquidity | ||||||||||
| Current ratio | 10.97 | 8.34 | 9.72 | 4.37 | 4.68 | 5.49 | 3.77 | 3.98 | 4.89 | 5.30 |
| Quick ratio | 10.65 | 8.13 | 9.47 | 4.11 | 4.49 | 5.35 | 3.61 | 3.84 | 4.77 | 5.15 |
| Cash ratio | 1.74 | 1.63 | 5.54 | 2.60 | 3.29 | 5.08 | 3.38 | 3.46 | 3.91 | 3.82 |
| Leverage | ||||||||||
| Debt / Equity | 2.16 | 1.91 | 1.76 | 0.83 | 0.72 | 0.69 | 1.01 | 0.99 | 0.73 | 0.66 |
| Debt / Assets | 0.62 | 0.59 | 0.57 | 0.36 | 0.34 | 0.32 | 0.38 | 0.34 | 0.33 | 0.30 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -6.3x | - | -18.5x | -25.6x | -24.8x | - | -28.7x | -70.2x | -42.3x | - |
| Equity multiplier | 3.46 | 3.24 | 3.11 | 2.30 | 2.12 | 2.14 | 2.67 | 2.87 | 2.22 | 2.19 |
| Liabilities / Assets | 0.71 | 0.69 | 0.67 | 0.56 | 0.52 | 0.53 | 0.62 | 0.65 | 0.54 | 0.54 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.01 | 0.02 | 0.01 | - | 0.01 | 0.01 | 0.01 | - |
| Inventory turnover | 0.37 | - | 0.43 | 0.41 | 0.46 | - | 0.52 | 0.47 | 1.08 | - |
| Days sales outstanding | 189d | - | 212d | 207d | 207d | - | 162d | 161d | 120d | - |
| Days inventory outstanding | 993d | - | 843d | 884d | 791d | - | 704d | 785d | 337d | - |
| Days payable outstanding | 902d | - | 1181d | 919d | 1555d | - | 1107d | 1604d | 995d | - |
| Cash conversion cycle | 281d | - | -126d | 173d | -557d | - | -242d | -658d | -538d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 4.6x | - | 7.1x | 9.9x | 6.1x | - | 10.1x | 15.6x | 5.9x | - |
| P / S | 144.7x | - | 261.2x | 271.2x | 280.7x | - | 391.1x | 707.3x | 255.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 49.1% | - | 85.1% | 98.2% | -3.3% | - | 2058.5% | 8871.4% | 25004.8% | - |
| Revenue CAGR (3y) | 612.6% | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 494.6% | - | - | - | - | - | 96.1% | 95.4% | 85.3% | - |
| Operating income growth (YoY) | -3.1% | - | 4.7% | 50.7% | 39.3% | - | 2.2% | -71.2% | -10.9% | - |
| Net income growth (YoY) | -62.7% | - | -138.3% | 61.6% | 49.3% | - | -39.2% | -80.2% | 37.0% | - |
| EPS growth (YoY) | -50.0% | - | 10.0% | 67.2% | 57.1% | - | -3.4% | -63.4% | 40.4% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -56.6% | - | - | - | 53.8% | - | - | - | -75.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.4% | 9.9% | 75.6% | 19.6% | 2.6% | -4.4% | -33.6% | -31.1% | -26.5% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-28.
Product / service
$31.80M totalProduct$31.80M · 100.0%
Geographic
$31.82M totalAsia Pacific$21.63M · 68.0%
CH$4.33M · 13.6%
US$2.12M · 6.7%
NO$1.54M · 4.8%
Other$1.18M · 3.7%
TW$1.02M · 3.2%
Peer comparison
Same SIC group: Miscellaneous Electrical Machinery, Equipment & Supplies
Comparing Enovix Corp against the 5 most active filers in the same SIC group.