Enovix (ENVX) Financial Statements & Analysis

Enovix (ENVX) Income Statement

Enovix reported revenue of $31.82M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 37.9% from $23.07M a year earlier. Enovix posted a net loss of $156.74M, compared with a net loss of $222.24M a year earlier. Gross margin was 19.2% and operating margin -557.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jul 5, 2026), revenue was $9.02M, up 20.8% from the same quarter a year earlier.

Enovix Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Enovix Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Jan 2023	Dec 2022	Jan 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	31.82	23.07	7.64	6.20	6.20	-	0.00	0.00	0.00
Cost of Revenue	25.72	25.12	57.76	23.24	23.24	1.97	1.97	3.38	0.16
Gross Profit	6.11	-2.05	-55.42	-17.04	-17.04	-1.97	-1.97	-3.38	-0.16
Operating Expenses
Research & Development	110.33	124.51	75.29	58.05	58.05	37.85	37.85	14.44	12.15
Selling, General & Administrative	73.03	74.31	77.61	51.97	51.97	29.71	29.71	5.71	4.20
Operating Expenses	183.36	240.62	174.84	114.94	110.02	67.56	67.56	20.16	16.35
Operating Income	-177.25	-242.67	-230.26	-131.98	-127.06	-69.52	-69.52	-23.53	-16.51
Other Income/Expense
Interest Income	13.00	12.33	14.07	5.23	5.23	0.04	0.04	0.00	0.02
Interest Expense	21.60	6.79	-4.46	-	5.23	-0.19	0.19	-0.11	0.00
Other Income/Expense	27.93	18.74	15.49	80.36	75.44	-56.35	-56.35	-15.22	0.32
Income
Income Before Tax	-157.92	-223.93	-214.77	-51.62	-51.62	-125.87	-125.87	-39.65	-16.19
Income Tax Expense	-1.31	-1.39	-0.63	-	0.00	-	0.00	0.00	0.00
Net Income	-156.74	-222.24	-214.07	-51.62	-51.62	-125.87	-125.87	-39.65	-16.19
Net Income - Continuous Operations	-156.61	-222.24	-214.13	-	-51.62	-	-125.87	-39.65	-16.19
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	-101.21	-172.18	-187.51	-119.09	-43.65	-68.01	-124.20	-22.95	-16.00
EBIT	-136.32	-217.14	-203.02	-127.06	-51.62	-69.52	-125.69	-23.53	-
Depreciation & Amortization	35.11	44.96	34.01	7.97	7.97	1.52	1.49	0.58	0.51
Earnings Per Share
Basic EPS	-1.00	-1.00	-1.00	-	-	-1.00	-1.00	-	-
Diluted EPS	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-1.00	-	-
Basic Shares Outstanding	207.64	175.04	169.06	152.92	152.92	117.22	117.22	80.37	57.74
Diluted Shares Outstanding	207.64	175.04	169.57	154.15	154.15	117.22	117.22	80.37	57.74

Source: Company financial statements from annual and quarterly filings. Data as of Jul 5, 2026. Data sources and methodology

Frequently Asked Questions About Enovix Financial Statements

What was Enovix's revenue in fiscal 2025?

Enovix reported revenue of $31.82M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 37.9% from $23.07M a year earlier.

Is Enovix profitable?

No. Enovix reported a net loss of $156.74M in fiscal 2025. In fiscal 2024 it lost $222.24M.

What is Enovix's operating margin?

Enovix's operating income was −$177.25M on revenue of $31.82M in fiscal 2025, an operating margin of -557.0%, compared with -1051.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition