Enovix Corp (ENVX)
Founded in 2007 and based in Fremont, California, Enovix Corporation specializes in the innovation, development, and production of lithium-ion battery technology.
Sector: Miscellaneous Electrical Machinery, Equipment & Supplies
Industry: Electrical Equipment & Parts
Enovix Corporation
NASDAQ:ENVXIndustrials · Electrical Equipment & Parts
+15.00%$2.76
CLOSED · Nov 6Prev close$2.40+15.00%Close$2.76-1.43%AH close$2.72
AH$2.72-1.43%vs close
Mkt Cap$605.68M
Float190.35M
O/S219.45M
VOL10.22M sh
$ Vol$27.46M
RVOL0.91×
Inst Own61.3%
SI30.2%
Dilution
Financials Summary
Revenue$31.82M
Net Income-$156.74M
Total Assets$880.35M
Free Cash Flow-$113.51M
Debt & Equity
Debt 67%
Equity 33%
Total Debt$540.38M
Total Equity$271.21M
Shares Outstanding
Short Interest
Split History1 split · 1 stock dividend or distribution not shown
- 1.3:1Forward splitNov 13, 20261 share → 1.3
Balance Sheet Details
Assets$880.35M
Liabilities$606.34M
Accounts Receivable$8.43M
Accounts Payable$17.82M
Inventory$13.62M
PP&E (Net)$181.94M
Goodwill$12.22M
Intangible Assets$31.64M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2023-01-01 | 2022-01-02 | 2020-12-31 | 2019-12-31 |
| Revenue | $31.82M | $23.07M | $7.64M | $6.2M | $0 | $0 | $0 |
| YoY Growth | 37.9% | 201.9% | 23.3% | - | - | - | - |
| Cost of Revenue | $59.44M | $25.12M | $63.06M | $23.24M | $1.97M | $3.38M | $161K |
| Gross Profit | -$27.62M | -$2.04M | -$55.42M | -$17.04M | -$1.97M | -$3.38M | -$161K |
| Gross Margin | -86.8% | -8.9% | -725.0% | -274.7% | - | - | - |
| Research and Development | $110.33M | $124.51M | $88.39M | $58.05M | $37.85M | $14.44M | $12.15M |
| Selling, General, and Administrative | $38.6M | $74.31M | $79.01M | $51.97M | $29.7M | $5.71M | $4.2M |
| Other | $0 | $41.81M | $7.43M | $0 | -$24K | $0 | $0 |
| Total Operating Expenses | $148.94M | $240.62M | $174.84M | $110.02M | $67.56M | $20.16M | $16.35M |
| Operating Income (EBIT) | -$176.55M | -$242.67M | -$230.25M | -$127.06M | -$69.52M | -$23.53M | -$16.51M |
| Operating Margin | -554.8% | -1051.7% | -3012.2% | -2048.7% | - | - | - |
| Interest Expense | $21.6M | $6.79M | $4.46M | $5.23M | $187K | $107K | $0 |
| Interest Income | $13M | $12.33M | $14.07M | $5.23M | $37K | $0 | $23K |
| Other Income (Expense) | $18.64M | $18.74M | $15.49M | $75.44M | -$56.35M | -$16.12M | $323K |
| Income Before Tax (EBT) | -$157.92M | -$223.93M | -$214.76M | -$51.62M | -$125.87M | -$39.65M | -$16.19M |
| Income Tax Expense | -$1.31M | -$1.39M | -$633K | $0 | $0 | $0 | $0 |
| Net Income | -$156.74M | -$222.24M | -$214.07M | -$51.62M | -$125.87M | -$39.65M | -$16.19M |
| Net Income Margin | -492.6% | -963.2% | -2800.5% | -832.3% | - | - | - |
| Supplementary Data | |||||||
| EPS | -0.75 | -1.27 | -1.35 | -0.34 | -1.08 | -0.26 | -0.28 |
| Diluted EPS | -0.75 | -1.27 | -1.38 | -0.82 | -1.08 | -0.26 | -0.28 |
| Weighted Average OS | 207.64M | 175.04M | 157.56M | 152.92M | 117.22M | 145.25M | 57.74M |
| EBITDA | -$101.21M | -$172.18M | -$176.3M | -$43.65M | -$124.17M | -$22.95M | -$16M |
| EBITDA Margin | -318.1% | -746.2% | -2306.4% | -703.8% | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2023-01-01 | 2022-01-02 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $106.01M | $272.87M | $233.12M | $322.85M | $385.29M | $29.14M | $10.23M |
| Short-Term Investments | $406.03M | $0 | $73.69M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $512.04M | $272.87M | $306.81M | $322.85M | $385.29M | $29.14M | $10.23M |
| Accounts Receivable | $8.43M | $4.57M | $2.42M | $170K | $300K | $0 | $0 |
| Inventory | $13.62M | $7.66M | $8.74M | $634K | $0 | $0 | $0 |
| Other Current Assets | $8.12M | $9.9M | $5.2M | $5.99M | $4.25M | $2.96M | $75K |
| Total Current Assets | $542.21M | $295.01M | $323.18M | $329.65M | $398.12M | $33.04M | $10.6M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $181.94M | $181.43M | $181.76M | $110M | $83.28M | $31.29M | $4.92M |
| Goodwill | $12.22M | $12.22M | $12.1M | $0 | $0 | $0 | $0 |
| Intangible Assets | $31.64M | $36.39M | $42.17M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $106.81M | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.37M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $4.15M | $2.13M | $5.1M | $937K | $1.16M | $630K | $1.1M |
| Total Long-Term Assets | $338.14M | $232.16M | $241.13M | $110.94M | $84.44M | $31.92M | $6.02M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $880.35M | $527.17M | $564.3M | $440.59M | $482.56M | $64.96M | $16.61M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $17.82M | $9.49M | $21.25M | $7.08M | $3.14M | $2.08M | $257K |
| Short-Term Debt | $9.87M | $9.45M | $5.92M | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $3.56M | $2.84M | $2.54M | $0 | $0 | $0 |
| Current Unearned Revenue | $5.01M | $3.65M | $6.71M | $50K | $5.58M | $5.41M | $0 |
| Other Current Liabilities | $26.1M | $11.26M | $13.17M | $8.81M | $4.81M | $1.38M | $95K |
| Total Current Liabilities | $65.02M | $53.7M | $61.02M | $23.03M | $20.64M | $10.87M | $1.03M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $519.27M | $169.82M | $169.1M | $0 | $0 | $0 | $5.65M |
| Long-Term Unearned Revenue | $300K | $3.77M | $3.77M | $3.72M | $2.29M | $85K | $0 |
| Long-Term Deferred Tax Liabilities | $10.49M | $8.78M | $10.8M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $14K | $28.39M | $42.91M | $49.17M | $124.45M | $17.8M | $6.23M |
| Total Long-Term Liabilities | $541.32M | $224.06M | $242.18M | $61.13M | $135.81M | $17.88M | $11.88M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $606.34M | $277.77M | $303.2M | $84.16M | $156.45M | $28.75M | $12.91M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $130.65M |
| Common Stock | $22K | $19K | $17K | $15K | $15K | $10K | $59K |
| Retained Earnings | -$977.83M | -$821.09M | -$598.85M | -$384.77M | -$333.15M | -$207.28M | -$167.63M |
| Comprehensive Income & Other | -$508K | -$143K | -$62K | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.25B | $1.07B | $856.98M | $741.19M | $659.25M | $243.48M | $171.28M |
| Total Equity | $271.21M | $246.74M | $258.15M | $356.43M | $326.12M | $36.22M | $3.71M |
| Minority Interest | $2.8M | $2.66M | $2.96M | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $877.55M | $524.51M | $561.35M | $440.59M | $482.56M | $64.96M | $16.61M |
| Supplementary Data | |||||||
| Total Debt | $540.38M | $192.56M | $190.61M | $8.23M | $9.07M | $0 | $5.65M |
| Net Debt | $434.37M | -$80.3M | -$42.51M | -$314.62M | -$376.22M | -$29.14M | -$4.58M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-28 | 2024-12-29 | 2023-12-31 | 2023-01-01 | 2022-01-02 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$156.61M | -$222.53M | -$214.13M | -$51.62M | -$125.87M | -$39.65M | -$16.19M |
| Depreciation & Amortization | $35.11M | $44.96M | $34.01M | $7.97M | $1.51M | $579K | $509K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $49.37M | $58.84M | $69.45M | $30.37M | $10.71M | $666K | $328K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$3.94M | -$2.46M | -$370K | -$170K | $0 | $0 | $0 |
| Inventory | -$5.51M | $1.07M | $4.51M | -$634K | $0 | $0 | $0 |
| Accounts Payable | $4.69M | -$7.97M | $6.1M | $2.27M | $1.52M | $1.83M | $0 |
| Other Working Capital | -$1.75M | -$7M | -$3.13M | -$666K | $4.62M | $363K | -$922K |
| Total Working Capital Change | -$6.5M | -$16.36M | $7.1M | $802K | $6.14M | $2.19M | -$922K |
| Other Non-Cash Items | -$16.66M | $26.46M | -$1.07M | -$70.26M | $56.2M | $16.17M | $5.29M |
| Net Cash from Operating | -$95.29M | -$108.63M | -$104.64M | -$82.74M | -$51.31M | -$20.05M | -$10.98M |
| Investing Activities | |||||||
| Capital Expenditures | -$18.22M | -$76.19M | -$61.8M | -$36.21M | -$43.58M | -$26.95M | -$1.65M |
| Acquisitions | -$10M | $0 | -$9.97M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$584.94M | -$31.81M | -$138.34M | $0 | $0 | $0 | $0 |
| Sales of Investments | $74.89M | $106.62M | $67.15M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$538.27M | -$1.38M | -$142.96M | -$36.21M | -$43.58M | -$26.95M | -$1.65M |
| Financing Activities | |||||||
| Debt Repaid | -$359.08M | -$4.36M | -$172.43M | - | - | -$1.63M | -$5.65M |
| Common Stock Issuance | $236.77M | $153.47M | $14.28M | $57.11M | $77.46M | $0 | $0 |
| Common Stock Repurchases | -$58.38M | -$4K | -$26K | -$10K | -$27K | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$70.08M | -$7.08M | -$27.1M | -$587K | $373.65M | $360K | $137K |
| Net Cash from Financing | $467.38M | $150.75M | $159.59M | $56.51M | $451.09M | $65.92M | $5.79M |
| Forex Effect | -$536K | -$1.17M | $154K | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$166.71M | $39.57M | -$87.85M | -$62.44M | $356.2M | $18.92M | -$6.84M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$95.29M | -$108.63M | -$104.64M | -$82.74M | -$51.31M | -$20.05M | -$10.98M |
| Capital Expenditure | -$18.22M | -$76.19M | -$61.8M | -$36.21M | -$43.58M | -$26.95M | -$1.65M |
| Free Cash Flow | -$113.51M | -$184.82M | -$166.43M | -$118.95M | -$94.89M | -$47M | -$12.63M |
| Cash at Beginning | $274.69M | $235.12M | $322.98M | $385.42M | $29.22M | $10.3M | $17.14M |
| Cash at End | $107.98M | $274.69M | $235.12M | $322.98M | $385.42M | $29.22M | $10.3M |