Enovix CorpENVXEarnings & Financial Report
Enovix Corp is an advanced battery technology company that designs, develops and manufactures high-energy-density 3D silicon anode lithium-ion batteries. Its products serve consumer electronics, wearable devices, electric vehicles, and renewable energy storage segments, with customers and operations across North America, Asia and Europe.
Revenue
$3.8M
Gross Profit
$-655.0K
Operating Profit
$-88.8M
Net Profit
$-115.9M
Gross Margin
-17.4%
Operating Margin
-2355.4%
Net Margin
-3075.2%
YoY Growth
17842.9%
EPS
$-0.63
Enovix Corp Q2 FY2024 Financial Summary
Enovix Corp reported revenue of $3.8M (up 17842.9% YoY) for Q2 FY2024, with a net profit of $-115.9M (down 57.4% YoY) (-3075.2% margin). Cost of goods sold was $4.4M, operating expenses totaled $88.1M.
Key Financial Metrics
| Total Revenue | $3.8M |
|---|---|
| Net Profit | $-115.9M |
| Gross Margin | -17.4% |
| Operating Margin | -2355.4% |
| Report Period | Q2 FY2024 |
Enovix Corp Annual Revenue by Year
Enovix Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $31.8M).
| Year | Annual Revenue |
|---|---|
| 2025 | $31.8M |
| 2024 | $23.1M |
| 2022 | $6.2M |
Enovix Corp Quarterly Revenue & Net Profit History
Enovix Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $11.3M | +15.9% | $-35.0M | -310.6% |
| Q3 FY2025 | $8.0M | +85.1% | $-53.7M | -672.3% |
| Q2 FY2025 | $7.5M | +98.2% | $-44.5M | -596.3% |
| Q1 FY2025 | $5.1M | -3.3% | $-23.5M | -461.2% |
| Q4 FY2024 | $9.7M | +4758.5% | $-37.5M | -385.6% |
| Q3 FY2024 | $4.3M | +10178.6% | $-22.5M | -522.0% |
| Q2 FY2024 | $3.8M | +17842.9% | $-115.9M | -3075.2% |
| Q1 FY2024 | $5.3M | +382.3% | $-46.4M | -879.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3M | $3.8M | $4.3M | $9.7M | $5.1M | $7.5M | $8.0M | $11.3M |
| YoY Growth | 382.3% | 17842.9% | 10178.6% | 4758.5% | -3.3% | 98.2% | 85.1% | 15.9% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $508.9M | $489.0M | $448.0M | $527.2M | $499.0M | $469.1M | $913.7M | $879.0M |
| Liabilities | $276.8M | $315.9M | $277.8M | $277.8M | $261.3M | $262.5M | $616.6M | $605.0M |
| Equity | $229.3M | $170.3M | $167.6M | $246.7M | $235.1M | $203.7M | $294.3M | $271.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-35.0M | $-26.9M | $-30.7M | $-16.0M | $-16.9M | $-25.9M | $-25.5M | $-27.0M |