Share

Profile & Fundamentals

Enovix Profile & Fundamentals

Name: Enovix financial chart data preview
Creator: iPulse AI
License: https://ipulseai.com/terms

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

Interactive annual & quarterly chartsAI financial reviewsReported source tables

Explore this pageJump to a Profile & Fundamentals section

Explore this research

Profile & Fundamentals contents

Jump directly to any section

Company and Market Context

Company Profile & Ownership

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.

Company profile record

Enovix Corp

Common Stock · Industrials · Electrical Components & Equipment

Official website

Company

Company / asset: Enovix Corp
Security type: Common Stock
Sector: Industrials
Industry: Electrical Components & Equipment
HQ: 🇺🇸 United States
Head office: 3501 West Warren Avenue, Fremont, CA, United States, 94538

Leadership & scale

Chief executive: Mr. Ryan A. Benton
CEO year born: 1971
Full-time employees: 664
Fiscal year end: December
IPO date: 2021-07-15

Fundamentals snapshot

Updated 2026-09-13

Market Cap: USD 653.3M
P/E: --
Revenue (Q2 26): USD 9.0M
Profit (Q2 26): USD -43.1M
Dividend Yield: --
Revenue (FY 25): USD 31.8M
Shares in public float: 189.6M
Insider ownership: 11.72%

Reporting & identifiers

Symbol: ENVX.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US2935941078
Asset ID: equity_fa6d1623-8f13-5cd3-bd0d-f2c8798658e5

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc15,330,789 shares · 6.99% · Reported 2026-03-31
Vanguard Capital Management, LLC8,379,238 shares · 3.82% · Reported 2026-03-31
Vanguard Portfolio Management, LLC8,051,198 shares · 3.67% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest5,896,928 shares · 2.69% · Reported 2026-07-31
UBS Group AG5,770,071 shares · 2.63% · Reported 2026-03-31
iShares Russell 2000 ETF5,072,875 shares · 2.31% · Reported 2026-08-31
Geode Capital Management, LLC4,872,090 shares · 2.22% · Reported 2026-03-31

View more holders (8)

Electron Capital Partners, LLC4,788,098 shares · 2.18% · Reported 2026-06-30
State Street Corp4,316,789 shares · 1.97% · Reported 2026-03-31
Vanguard Small Cap Index4,278,711 shares · 1.95% · Reported 2026-07-31
Royal Bank of Canada2,492,254 shares · 1.14% · Reported 2026-03-31
Vanguard MStar Small Cap Growth Indx Inv2,469,575 shares · 1.13% · Reported 2026-07-31
Vanguard Institutional Extnd Mkt Idx Tr2,254,020 shares · 1.03% · Reported 2026-07-31
Fidelity Small Cap Index2,154,648 shares · 0.98% · Reported 2026-06-30
CenterBook Partners LP2,041,919 shares · 0.93% · Reported 2026-06-30

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's financial situation is a classic high-risk, early-stage story. On the positive side, revenues are growing rapidly, driven by the acquisition of a legacy battery company and early military shipments. However, the overall financial picture remains highly stressed. The company is losing massive amounts of money, with net losses and negative free cash flow running extremely high. This means they are burning through cash quickly to fund their operations. While some analysts believe the current cash pile is large enough to act as a safe bridge until factory production scales up, others warn that the cash burn is too severe. If the company cannot quickly turn its advanced silicon technology into profitable sales, it will face a major cash shortage, likely forcing it to raise more money in a very expensive interest rate environment.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

The published data is insufficient to draw this chart.

Profitability & Margins

AI Review

The company's current profit margins are deeply negative, which is typical for a hardware manufacturer that has not yet reached mass production. They are currently losing money on every single battery cell they produce due to high fixed costs and low initial factory output. The future of the company depends entirely on a dramatic turnaround in gross margins as the Malaysian factory ramps up volume and reduces waste. While some non-GAAP measures show positive margins on specific military products, the core silicon battery margins remain deeply depressed. Analysts clash on the future outlook: optimists expect margins to improve rapidly as production scales, while skeptics argue that the complex assembly process and high raw material costs will keep margins under severe pressure, preventing the company from ever achieving sustainable profitability.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

Complete Research Workspace

Unlock the complete Profile & Fundamentals

Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.

Sign in to check access View Base plan

Paywalled preview begins: Reported Data Tables — chart preview

From this section to the end-of-preview notice below, research is provided as simplified HTML text and tables. Full access provides the complete interactive interface, charts and additional datasets.

Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-15.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2019-12-31	Not reported	-12,629,000	-16,188,000	Not reported	Not reported	Not reported	Not reported
2020-12-31	0	-47,003,000	-39,650,000	Not reported	Not reported	Not reported	Not reported
2021-12-31	120	-94,890,000	-125,874,000	-1,639,166.67	-57,935,000	-104,895,000	-79,075,000
2022-12-31	6,202,000	-118,952,000	-51,622,000	-274.7	-2,048.66	-832.34	-1,917.96
2023-12-31	263,000	-166,431,000	-154,094,000	-16,360.84	-62,919.39	-58,590.87	-63,281.75
2024-12-31	23,074,000	-184,821,000	-222,241,000	-8.86	-1,051.7	-963.17	-800.99
2025-12-31	31,821,000	-113,514,000	-156,741,000	-86.79	-554.83	-492.57	-356.73

Shares outstanding — chart values
Reporting date	Shares outstanding
2020-01-01	145,245,600
2021-01-01	141,183,200
2022-01-01	155,283,300
2023-01-01	165,708,500
2024-01-01	184,971,900
2025-01-01	207,636,000
2026-01-01	218,502,100

End of the paywalled preview

The excerpt from Reported Data Tables — chart preview to this notice is the simplified paywalled content included on this page. A signed-in, verified account with the required subscription provides the full interactive interface and the additional research, datasets and tools listed below.

Those additional materials are not included in this preview and cannot be revealed by removing its visual restrictions.

Additional with full access

Earnings, Profitability & Valuation
- Complete profitability ratios
- EPS history and estimate comparisons
- Execution vs expectations
- Annual and quarterly financial views
Capital Expenditure & R&D
- Capital allocation AI review
- Annual capital expenditure
- Investment intensity trends
- Capex and R&D intensity indicators
Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions
Company Events
- Dated insider transactions
- Material company activity

Explore complete public research examples

These public assets show the complete asset profiles, fundamental datasets and analysis. Their findings concern those assets, not this report.