Enovix Corp | Mid-cap | Industrials
$10.78
-2.00%
| Enovix Stock Comparison:
Enovix vs Vertiv HoldingsEnovix vs HubbellEnovix vs Acuity BrandsEnovix vs Bloom EnergyEnovix vs Advanced EnergyEnovix vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 5.1M
Gross Profit 261.0K 5.12%
Operating Income -42.6M -834.84%
Net Income -23.5M -461.57%
EPS (Diluted) $-0.12

Balance Sheet Metrics

Total Assets 499.0M
Total Liabilities 261.3M
Shareholders Equity 237.8M
Debt to Equity 1.10

Cash Flow Metrics

Operating Cash Flow 616.0K
Free Cash Flow -23.2M

Revenue & Profitability Trend

Enovix Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i23.1M7.6M6.2M00
Cost of Goods Sold i25.1M63.1M23.2M2.0M3.4M
Gross Profit i-2.0M-55.4M-17.0M-2.0M-3.4M
Gross Margin % i-8.9%-725.0%-274.7%0.0%0.0%
Operating Expenses
Research & Development i124.5M88.4M58.1M37.8M14.4M
Selling, General & Administrative i74.3M79.0M52.0M29.7M5.7M
Other Operating Expenses i-----
Total Operating Expenses i198.8M167.4M110.0M67.6M20.2M
Operating Income i-200.9M-222.8M-127.1M-69.5M-23.5M
Operating Margin % i-870.5%-2,915.0%-2,048.7%0.0%0.0%
Non-Operating Items
Interest Income i12.3M14.1M5.2M37.0K-
Interest Expense i6.8M4.5M0187.0K107.0K
Other Non-Operating Income-28.6M-1.6M70.2M-56.2M-16.0M
Pre-tax Income i-223.9M-214.8M-51.6M-125.9M-39.6M
Income Tax i-1.4M-633.0K00-
Effective Tax Rate % i0.0%0.0%0.0%0.0%0.0%
Net Income i-222.5M-214.1M-51.6M-125.9M-39.6M
Net Margin % i-964.4%-2,801.3%-832.3%0.0%0.0%
Key Metrics
EBITDA i-142.6M-175.0M-113.9M-68.0M-25.3M
EPS (Basic) i$-1.27$-1.35$-0.34$-1.07$-0.27
EPS (Diluted) i$-1.27$-1.38$-0.82$-1.07$-0.27
Basic Shares Outstanding i175038107159065697152918287117218893145245628
Diluted Shares Outstanding i175038107159065697152918287117218893145245628

Income Statement Trend

Enovix Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i272.9M233.1M322.9M385.3M29.1M
Short-term Investments i073.7M0--
Accounts Receivable i4.6M909.0K170.0K0-
Inventory i7.7M8.7M634.0K0-
Other Current Assets9.9M5.2M6.0M8.3M946.0K
Total Current Assets i295.0M323.2M329.6M398.1M33.0M
Non-Current Assets
Property, Plant & Equipment i13.5M15.3M6.1M6.7M4.1M
Goodwill i60.8M66.4M0--
Intangible Assets i36.4M42.2M---
Long-term Investments-----
Other Non-Current Assets2.1M5.1M937.0K1.2M630.0K
Total Non-Current Assets i232.2M241.1M110.9M84.4M31.9M
Total Assets i527.2M564.3M440.6M482.6M65.0M
Liabilities
Current Liabilities
Accounts Payable i9.5M21.3M7.1M3.1M2.1M
Short-term Debt i9.5M5.9M---
Current Portion of Long-term Debt-----
Other Current Liabilities3.0M2.4M716.0K707.0K108.0K
Total Current Liabilities i53.7M61.0M23.0M20.6M10.9M
Non-Current Liabilities
Long-term Debt i183.1M184.7M8.2M9.1M0
Deferred Tax Liabilities i8.8M10.8M0--
Other Non-Current Liabilities14.0K13.0K92.0K191.0K233.0K
Total Non-Current Liabilities i224.1M242.2M61.1M135.8M17.9M
Total Liabilities i277.8M303.2M84.2M156.4M28.7M
Equity
Common Stock i19.0K17.0K15.0K15.0K10.0K
Retained Earnings i-821.1M-598.8M-384.8M-333.2M-207.3M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i249.4M261.1M356.4M326.1M36.2M
Key Metrics
Total Debt i192.6M190.6M8.2M9.1M0
Working Capital i241.3M262.2M306.6M377.5M22.2M

Balance Sheet Composition

Enovix Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i-222.5M-214.1M-51.6M-125.9M-39.6M
Depreciation & Amortization i45.0M34.0M8.0M1.5M579.0K
Stock-Based Compensation i58.8M69.5M30.4M10.7M666.0K
Working Capital Changes i-17.2M5.8M-2.7M4.4M149.0K
Operating Cash Flow i-135.5M-104.2M-16.0M-109.2M-35.7M
Investing Activities
Capital Expenditures i-76.2M-61.8M-36.2M-43.6M-27.0M
Acquisitions i0-10.0M00-
Investment Purchases i-31.8M-138.3M00-
Investment Sales i106.6M67.2M00-
Investing Cash Flow i-1.4M-143.0M-36.2M-43.6M-27.0M
Financing Activities
Share Repurchases i-4.0K-26.0K-10.0K-27.0K0
Dividends Paid i-----
Debt Issuance i4.6M172.5M015.0M1.6M
Debt Repayment i-209.0K-69.0K0-15.0M0
Financing Cash Flow i104.5M162.6M-597.0K373.6M65.6M
Free Cash Flow i-184.8M-166.4M-119.0M-94.9M-47.0M
Net Change in Cash i-32.4M-84.6M-52.8M220.9M2.9M

Cash Flow Trend

Enovix Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -8.49
Forward P/E -16.33
Price to Book 10.21
Price to Sales 79.67
PEG Ratio -16.33

Profitability Ratios

Profit Margin -8.86%
Operating Margin -585.61%
Return on Equity -67.36%
Return on Assets -21.71%

Financial Health

Current Ratio 4.37
Debt to Equity 94.40
Beta 2.10

Per Share Data

EPS (TTM) $-0.70
Book Value per Share $1.06
Revenue per Share $0.14

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
envx2.1B-8.4910.21-67.36%-8.86%94.40
Vertiv Holdings 53.4B67.2717.0934.84%8.93%101.76
Hubbell 22.2B27.176.3825.47%14.76%57.18
Acuity Brands 9.4B24.223.6116.60%9.63%42.01
Bloom Energy 8.6B334.5514.464.68%1.45%246.09
Advanced Energy 5.7B66.734.527.05%5.13%54.68

Financial data is updated regularly. All figures are in the company's reporting currency.