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ENVX · Nasdaq · United States · Miscellaneous Electrical Machinery, Equipment & Supplies
In shortEnovix Corp is loss-making, burns cash and carries moderate debt, with revenue growing (+37.9% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -557.0% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -492.6% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -60.5% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -22.0% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 8.34× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.95× | 3/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -8.21× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -0.95 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -356.7% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 3 | 100/100 |
| Revenue growth volatility | 99.2% | 0/100 |
| Operating margin volatility | 1100.2% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 72.5% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 0 | 6.2 | 7.6 | 23 | 32 |
| Cost of revenue | 2 | 23 | 63 | 25 | 26 |
| Gross profit | (2) | (17) | (55) | (2) | 6.1 |
| Research & development | 38 | 58 | 88 | 125 | 110 |
| Selling, general & admin | 30 | 52 | 79 | 74 | 73 |
| Operating income | (70) | (132) | (230) | (243) | (177) |
| Interest expense | 0.2 | 0 | 4.5 | 6.8 | 22 |
| Pre-tax income | (126) | (52) | (215) | (224) | (158) |
| Income tax | 0 | 0 | (0.6) | (1.4) | (1.3) |
| Net income | (126) | (52) | (214) | (222) | (157) |
| Diluted EPS | −$1.07 | −$0.82 | −$1.30 | −$1.19 | −$0.75 |
| Diluted shares (millions) | 117 | 154 | 170 | 186 | 208 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Enovix Corp are included in the Investor plan. Try free for 7 days →
−0.95 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jul 5, 2026 · Data updated Aug 12, 2026