ENVX Nasdaq Miscellaneous Electrical Machinery, Equipment & Supplies Financials FY2020βFY2025
Enovix Corp had $31.8M of revenue in fiscal 2025, up 37.9% on the year before.
Last close Β· Oct 23, 2026
$2.79
9.4%Hi! I read Enovix Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+37.9%
Yes. Sales grew 37.9% last year.
Does it make a profit?
β492.6%
No. It lost money last year.
Does profit turn into cash?
β356.7%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 9
Mixed. It passes 4 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Enovix Corp did it, and the next one. Share prices often move a lot on those days.
Next results
November 4, 2026
Wednesday Β· in 9 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Oct 12, 2026 | Period ended Oct 5, 2026 | Time not announced | 8-K β |
| Aug 12, 2026 | Q2 '26 | After the market closes | 8-K β |
| May 13, 2026 | Q1 '26 | After the market closes | 8-K β |
| Jan 19, 2026 | Q4 '25 | Time not announced | 8-K β |
| Nov 5, 2025 | Q3 '25 | After the market closes | 8-K β |
| Jul 7, 2025 | Q2 '25 | Before the market opens | 8-K β |
| Apr 30, 2025 | Q1 '25 | After the market closes | 8-K β |
| Feb 19, 2025 | Q4 '24 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Enovix Corp had $31.8M of revenue in fiscal 2025, up 37.9% on the year before. Its operating margin was β557.0%, up 494.7Β pts: of every 100 in sales, about β557 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Enovix Corp lost $157M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$114M in fiscal 2025, β356.7% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Enovix Corp returned $58.4M to shareholders in fiscal 2025. The diluted share count rose 11.6%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· Enovix Corp owes $17.2M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Enovix Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $385M | $323M | $307M | $273M | $512M |
| Debt incl. finance leases | β | $0.0M | $175M | $179M | $529M |
| Debt / equity | β | 0.0x | 0.7x | 0.7x | 2.0x |
| Interest coverage | β371.8x | β | β51.7x | β35.8x | β8.2x |
| Current ratio | 19.3x | 14.3x | 5.3x | 5.5x | 8.3x |
| Quick ratio | 19.3x | 14.3x | 5.2x | 5.4x | 8.1x |
| Total assets | $483M | $441M | $564M | $527M | $879M |
| Total liabilities | $156M | $84.2M | $303M | $278M | $605M |
| Shareholders' equity | $326M | $356M | $258M | $247M | $271M |
| Net debt (β = net cash) | β | β$323M | β$132M | β$93.6M | $17.2M |
KIRA Β· Its return on capital was β48.6%: every 100 invested in the business earned about β49 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Enovix Corp passes 4 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | 3 / 7 | 2 / 7 | 1 / 9 | 4 / 9 | 4 / 9 |
| Accruals ratio | β30.2% | β27.2% | 6.7% | β21.8% | β20.8% | β8.7% |
| Altman Z'' | β9.27 | 4.10 | 4.15 | β2.26 | β4.24 | β0.95 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $0.0M | $0.0M | $6.2M | $7.6M | $23.1M | $31.8M |
| Net interest income | β$0.1M | β$0.2M | $5.2M | β | β | β |
| Gross profit | β$3.4M | β$2.0M | β$17.0M | β$55.4M | β$2.0M | $6.1M |
| Research and development | $14.4M | $37.9M | $58.1M | $88.4M | $125M | $110M |
| Operating income | β$23.5M | β$69.5M | β$132M | β$230M | β$243M | β$177M |
| Interest expense | β | $0.2M | $0.0M | $4.5M | $6.8M | $21.6M |
| Pretax income | β$39.7M | β$126M | β$51.6M | β$215M | β$224M | β$158M |
| Income tax | $0.0M | $0.0M | $0.0M | β$0.6M | β$1.4M | β$1.3M |
| Net income | β$39.7M | β$126M | β$51.6M | β$214M | β$222M | β$157M |
| Net income to common | β$39.7M | β$126M | β$51.6M | β$214M | β$222M | β$157M |
| Diluted EPS | β$0.49 | β$1.07 | β$0.82 | β$1.30 | β$1.19 | β$0.75 |
| Diluted shares | 0.08B | 0.12B | 0.15B | 0.17B | 0.19B | 0.21B |
| Cash flow | ||||||
| Cash from operations | β$20.1M | β$51.3M | β$82.7M | β$105M | β$109M | β$95.3M |
| Capital expenditure | $27.0M | $43.6M | $36.2M | $61.8M | $76.2M | $18.2M |
| Free cash flow | β$47.0M | β$94.9M | β$119M | β$166M | β$185M | β$114M |
| Depreciation and amortization | $1.0M | $1.5M | $8.0M | $34.0M | $45.0M | $35.1M |
| Stock-based compensation | $0.7M | $10.7M | $30.4M | $69.5M | $58.8M | $49.4M |
| Acquisitions | β | $0.0M | $0.0M | $10.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $58.4M |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $58.4M |
| Balance sheet | ||||||
| Cash and short-term investments | $29.1M | $385M | $323M | $307M | $273M | $512M |
| Total debt | β | β | $0.0M | $175M | $179M | $529M |
| Current assets | $33.0M | $398M | $330M | $323M | $295M | $542M |
| Current liabilities | $10.9M | $20.6M | $23.0M | $61.0M | $53.7M | $65.0M |
| Inventory | β | $0.0M | $0.6M | $8.7M | $7.7M | $13.6M |
| Property and equipment, net | $31.3M | $76.6M | $104M | $166M | $168M | $170M |
| Goodwill | β | β | $0.0M | $12.1M | $12.2M | $12.2M |
| Intangible assets | β | β | $0.0M | $42.2M | $36.4M | $31.6M |
| Total assets | $65.0M | $483M | $441M | $564M | $527M | $879M |
| Total liabilities | $28.7M | $156M | $84.2M | $303M | $278M | $605M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | β |
| Shareholders' equity | $36.2M | $326M | $356M | $258M | $247M | $271M |
| Margins | ||||||
| Gross margin | β | β | β274.7% | β725.0% | β8.9% | 19.2% |
| Operating margin | β | β | β2,128.0% | β3,012.2% | β1,051.7% | β557.0% |
| EBITDA margin | β | β | β1,999.5% | β2,567.3% | β856.8% | β446.7% |
| Net margin | β | β | β832.3% | β2,800.5% | β963.2% | β492.6% |
| FCF margin | β | β | β1,918.0% | β2,177.3% | β801.0% | β356.7% |
| Net interest share of revenue | β | β | 84.3% | β | β | β |
| Returns | ||||||
| Return on capital | β | β | β310.5% | β144.0% | β125.2% | β48.6% |
| Return on capital employed | β43.5% | β15.1% | β31.6% | β45.8% | β51.3% | β21.8% |
| Return on equity | β109.5% | β69.5% | β15.1% | β69.7% | β88.0% | β60.5% |
| Return on assets | β61.0% | β46.0% | β11.2% | β42.6% | β40.7% | β22.3% |
| Return on tangible equity | β109.5% | β38.6% | β14.5% | β105.0% | β112.2% | β68.9% |
| Growth | ||||||
| Revenue growth | β | β | β | 23.3% | 201.9% | 37.9% |
| Share count change | β | 45.9% | 31.5% | 10.0% | 9.7% | 11.6% |
| Financial health | ||||||
| Debt / equity | β | β | 0.0x | 0.7x | 0.7x | 2.0x |
| Interest coverage | β | β371.8x | β | β51.7x | β35.8x | β8.2x |
| Current ratio | 3.0x | 19.3x | 14.3x | 5.3x | 5.5x | 8.3x |
| Quick ratio | 3.0x | 19.3x | 14.3x | 5.2x | 5.4x | 8.1x |
| Capital allocation | ||||||
| Capex / revenue | β | β | 583.9% | 808.4% | 330.2% | 57.3% |
| Stock comp / revenue | β | β | 489.6% | 908.6% | 255.0% | 155.1% |
| Quality scores | ||||||
| Piotroski F-score | β | 3.0 | 2.0 | 1.0 | 4.0 | 4.0 |
| Altman Z'' | β9.3 | 4.1 | 4.2 | β2.3 | β4.2 | β0.9 |
| Accruals ratio | β30.2% | β27.2% | 6.7% | β21.8% | β20.8% | β8.7% |
Source: SEC EDGAR XBRL filings (CIK 0001828318). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
