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Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2006 and is headquartered in Fremont, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $32M | $-101M | $-157M | $-114M | -57.8% | 37.9% | -29.5% |
| 2024 | $23M | $-172M | $-222M | $-185M | -90.1% | 201.9% | 3.8% |
| 2023 | $8M | $-176M | $-214M | $-166M | -82.9% | 23.3% | 314.7% |
| 2022 | $6M | $-44M | $-52M | $-119M | -14.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 31.82 |
| Operating Revenue | 31.82 |
| Cost Of Revenue | 25.72 |
| Gross Profit | 6.10 |
| Operating Expense | 183.36 |
| Research And Development | 110.33 |
| Selling General And Administration | 73.03 |
| Total Expenses | 209.08 |
| Operating Income | -177.25 |
| Total Operating Income As Reported | -177.25 |
| EBITDA | -101.21 |
| Normalized EBITDA | -127.80 |
| EBIT | -136.32 |
| Interest Income | 13 |
| Interest Expense | 21.60 |
| Net Interest Income | -8.60 |
| Other Non Operating Income Expenses | 1.34 |
| Other Income Expense | 27.93 |
| Interest Income Non Operating | 13 |
| Interest Expense Non Operating | 21.60 |
| Net Non Operating Interest Income Expense | -8.60 |
| Pretax Income | -157.92 |
| Tax Provision | -1.31 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0.21 |
| Net Income Continuous Operations | -156.61 |
| Net Income From Continuing And Discontinued Operation | -156.74 |
| Net Income From Continuing Operation Net Minority Interest | -156.74 |
| Net Income | -156.74 |
| Net Income Common Stockholders | -156.74 |
| Net Income Including Noncontrolling Interests | -156.61 |
| Normalized Income | -183.12 |
| Diluted NI Availto Com Stockholders | -156.74 |
| Basic Average Shares | 207.64 |
| Diluted Average Shares | 207.64 |
| Reconciled Depreciation | 35.11 |
| Reconciled Cost Of Revenue | 25.72 |
| Total Unusual Items | 26.59 |
| Total Unusual Items Excluding Goodwill | 26.59 |
| Minority Interests | -0.13 |
| Special Income Charges | 4.76 |
| Impairment Of Capital Assets | 0 |
| Restructuring And Mergern Acquisition | -4.76 |
| Gain On Sale Of Security | 21.83 |
| Average Dilution Earnings | 0 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Enovix Corporationthis co. | ENVX | $1.8B | - | 6.72 | -57.8% | - |
| Costamare Inc. | CMRE | $1.9B | 5.16 | 0.90 | 17.5% | 4.67 |
| Preformed Line Products Company | PLPC | $1.8B | 52.13 | 3.87 | 7.4% | 25.78 |
| JetBlue Airways Corporation | JBLU | $1.8B | -2.99 | 0.85 | -28.4% | 18.80 |
| CBIZ, Inc. | CBZ | $1.8B | 15.50 |
| - |
| - |
| - |
| - |
| - |
| 1.02 |
| 6.6% |
| 9.83 |
| Proto Labs, Inc. | PRLB | $1.8B | 83.79 | 2.64 | 3.2% | 27.86 |
| Enerpac Tool Group Corp. | EPAC | $1.8B | 18.89 | 4.04 | 21.4% | 12.23 |
| Vestis Corporation | VSTS | $1.7B | -43.48 | 2.02 | -4.6% | 16.43 |
| Huron Consulting Group Inc. | HURN | $1.7B | 16.54 | 3.29 | 19.9% | 10.27 |
| Peer Median | - | 16.02 | 2.33 | 7.0% | 14.33 | |