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MARKETS / NASDAQ / ENVX
NASDAQ · MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES · LARGE CAP

Enovix Corp. ENVX

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$31.8M
▲ 37.9% YoY
$-156.7M
$-113.5M
In brief

What this company does

Enovix Corporation (the “Company,” “we,” “us,” “our” and “Enovix”) is a global high-performance battery company focused on designing, developing, manufacturing, and commercializing advanced Lithium-ion, or Li-ion, batteries, including proprietary silicon-anode architectures, for smartphones, smart eyewear, defense, industrial and emerging edge-AI applications. Our proprietary silicon-anode battery architecture enables higher energy density and performance relative to conventional battery cells, particularly in space-constrained devices. We expanded our manufacturing capability further in 2023 by identifying and building a facility for high-volume production in Malaysia (“Fab2”) and acquiring Routejade, Inc. (“Routejade”), a battery manufacturer in South Korea. As of December 28, 2025, we employed approximately 664 full-time employees. Approximately 12% of our employees are located in the United States, and 88% of our employees are located in Asia Pacific, which includes South Korea, Malaysia, India and China. Our current AI-1TM battery platform is architected as a unified silicon-anode platform designed to address the most demanding requirements across high-performance consumer electronics and defense applications.

Written from the business description in Enovix Corp's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 31.8M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 31.8 · Net income -156.7
20M-80M-160M202020212022202320242025
Compound annual growth
+72.5%
+1700.7%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−492 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -557.0% · Net -492.1%
-1000%-2000%-3000%202020212022202320242025
ROE
FY2025 · ROE -60.5%
-50%-100%202020212022202320242025

Each USD of equity lost 61 cents this year.

Cash & shareholders
USD 58.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -113.5
-80M-160M202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 58.4
20M40M-40M-80M202020212022202320242025

USD 58.4M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 879.0M
EquityUSD 271.2M
CashUSD 106.0M
Gross debtUSD 519.5M
Net debtUSD 413.5M
Current ratio8.34×

Net debt stands at 152% of equity.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020
Revenue $B0.00.00.00.00.00.0
Operating income $B−0.2−0.2−0.2−0.1−0.1−0.0
EBITDA $B−0.1−0.2−0.2−0.1−0.1−0.0
Income tax $B−0.0−0.0−0.00.00.00.0
Net income $B−0.2−0.2−0.2−0.1−0.1−0.0
Free cash flow $B−0.1−0.2−0.2−0.1−0.1−0.0
EPS, diluted $−0.75−1.19−1.30−0.82−1.07−0.49
Dividend / sh $······
Payout %······
ROE %−60.5−88.0−69.7−15.1−69.5−109.5
Shares out B0.220.190.170.160.150.10

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 65 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityMiscellaneous Electrical Machinery, Equipment & Supplies
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 28
Data on record since2019

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