Enovix Corporation (ENVX) income statement
NASDAQ · Industrials · Electrical Equipment & Parts · 664 employees · CEO Ryan A. Benton
- Price
- $3.15 -10.26%
- Market cap
- $691M
- Enterprise value
- $1.2B
- Last report
- Q2 '26 filed 2026-08-12
- Next report
- 2026-11-04 EPS est. -$0.15
Enovix Corporation (ENVX) reported revenue of $9.02M for Q2 '26 (+20.8% year on year), operating income of -$43.3M (-479.8% of revenue) and net income of -$43.1M. Over the last four quarters revenue was $35.9M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $200K | $7.38M | $5.27M | $3.77M | $4.32M | $9.72M | $5.1M | $7.47M | $7.99M | $11.3M | $7.6M | $9.02M | |
| Cost of revenue | $16.8M | $19.8M | $7.07M | $4.42M | $4.96M | $8.67M | $13.3M | $14.4M | $11.3M | $9.95M | $15.4M | $7.72M | |
| Gross profit | -$16.6M | -$12.4M | -$1.8M | -$655K | -$642K | $1.05M | -$8.19M | -$6.89M | -$3.3M | $1.31M | -$7.82M | $1.3M | |
| Research & development | $13.5M | $34.6M | $48.8M | $29.1M | $24.2M | $22.4M | $25.9M | $28.1M | $28.2M | $27.7M | $26.1M | $24.4M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $20.2M | |
| Other operating expenses | $3.02M | $0 | $0 | $38.1M | $3.66M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $33.8M | $52.4M | $68.3M | $88.1M | $48.6M | $35.6M | $34.4M | $36.8M | $43.7M | $45.3M | $36.1M | $44.6M | |
| Operating income | -$50.4M | -$64.8M | -$70.1M | -$88.8M | -$49.3M | -$34.5M | -$42.6M | -$43.7M | -$47M | -$44M | -$43.9M | -$43.3M | |
| Interest income | $4.33M | $4.13M | $3.56M | $3.33M | $2.86M | $2.59M | $2.43M | $2.43M | $2.54M | $5.6M | $5.78M | $5.13M | |
| Interest expense | $1.56M | $1.63M | $1.66M | $1.69M | $1.72M | $1.72M | $1.72M | $1.71M | $11.8M | $6.41M | $7.01M | $6.52M | |
| Other non-operating income (gains on investments, FX ...) | -$35.8M | -$5.74M | -$25.1M | $30.1M | -$30.5M | $65K | -$20.6M | -$311K | -$4.55M | -$15.5M | -$12.5M | -$6.3M | |
| Total non-operating income | $34.2M | $4.11M | $23.5M | -$31.8M | $28.8M | -$1.78M | $18.9M | -$1.39M | -$7.22M | $9.08M | $5.51M | -$222K | |
| Income before tax | -$16.2M | -$60.7M | -$46.6M | -$121M | -$20.4M | -$36.3M | -$23.7M | -$45.1M | -$54.2M | -$34.9M | -$38.4M | -$43.5M | |
| Income tax | $0 | -$633K | -$152K | -$4.59M | $2.19M | $1.15M | -$162K | -$861K | -$422K | $133K | -$129K | -$441K | |
| Net income | -$16.2M | -$60M | -$46.4M | -$116M | -$22.5M | -$37.5M | -$23.5M | -$44.5M | -$53.7M | -$35M | -$38.3M | -$43.1M | |
| EPS (basic) | -$0.10 | -$0.36 | -$0.28 | -$0.63 | -$0.30 | -$0.20 | -$0.12 | -$0.22 | -$0.26 | -$0.16 | -$0.18 | -$0.20 | |
| EPS (diluted) | -$0.29 | -$0.36 | -$0.28 | -$0.63 | -$0.30 | -$0.20 | -$0.12 | -$0.22 | -$0.27 | -$0.16 | -$0.18 | -$0.20 | |
| Shares (basic, weighted) | 160M | 166M | 168M | 172M | 177M | 185M | 191M | 205M | 206M | 208M | 217M | 219M | |
| Shares (diluted, weighted) | 161M | 166M | 168M | 172M | 177M | 185M | 191M | 205M | 207M | 208M | 217M | 219M | |
| Depreciation & amortization | $2.9M | $23M | $25M | $5.94M | $6.5M | $7.54M | $8.45M | $8.83M | $9.4M | $8.44M | $9.37M | $10M | |
| EBITDA | -$11.7M | -$36M | -$20M | -$113M | -$12.2M | -$27M | -$13.5M | -$34.6M | -$33M | -$20.1M | -$22M | -$27M |
| Income statement | Trend | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $6.2M | $7.64M | $23.1M | $31.8M | |
| Cost of revenue | $161K | $3.38M | $1.97M | $23.2M | $63.1M | $25.1M | $59.4M | |
| Gross profit | -$161K | -$3.38M | -$1.97M | -$17M | -$55.4M | -$2.05M | -$27.6M | |
| Research & development | $12.1M | $14.4M | $37.9M | $58.1M | $88.4M | $125M | $110M | |
| Other operating expenses | $0 | $0 | -$24K | $0 | $7.43M | $41.8M | $0 | |
| Operating expenses | $16.4M | $20.2M | $67.6M | $110M | $175M | $241M | $149M | |
| Operating income | -$16.5M | -$23.5M | -$69.5M | -$127M | -$230M | -$243M | -$177M | |
| Interest income | $23K | $0 | $37K | $5.23M | $14.1M | $12.3M | $13M | |
| Interest expense | $0 | $107K | $187K | $5.23M | $4.46M | $6.79M | $21.6M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $56.2M | -$75.4M | -$19.9M | -$25.5M | -$40.2M | |
| Total non-operating income | $323K | -$16.1M | -$56.4M | $75.4M | $15.5M | $18.7M | $18.6M | |
| Income before tax | -$16.2M | -$39.7M | -$126M | -$51.6M | -$215M | -$224M | -$158M | |
| Income tax | $0 | $0 | $0 | $0 | -$633K | -$1.39M | -$1.31M | |
| Net income | -$16.2M | -$39.7M | -$126M | -$51.6M | -$214M | -$222M | -$157M | |
| EPS (basic) | -$0.28 | -$0.26 | -$1.08 | -$0.34 | -$1.35 | -$1.27 | -$0.75 | |
| EPS (diluted) | -$0.28 | -$0.26 | -$1.08 | -$0.82 | -$1.38 | -$1.27 | -$0.75 | |
| Shares (basic, weighted) | 57.7M | 145M | 117M | 153M | 158M | 175M | 208M | |
| Shares (diluted, weighted) | 57.7M | 145M | 117M | 154M | 158M | 175M | 208M | |
| Depreciation & amortization | $509K | $579K | $1.52M | $7.97M | $34M | $45M | $35.1M | |
| EBITDA | -$16M | -$23M | -$124M | -$43.7M | -$176M | -$172M | -$101M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-05, 10-Q 2026-04-05, 10-K 2025-12-28, 10-Q 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-K 2024-12-29, 10-Q 2024-09-29, 10-Q 2024-06-30
Data as of 2026-11-02