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Enovix (ENVX) Financials

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$6.01 +0.03 (+0.50%)
As of 04/14/2025 04:00 PM Eastern
Annual Income Statements for Enovix

Annual Income Statements for Enovix

This table shows Enovix's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-40 -126 -52 -214 -222
Consolidated Net Income / (Loss)
-40 -126 -52 -214 -223
Net Income / (Loss) Continuing Operations
-40 -126 -52 -214 -223
Total Pre-Tax Income
-40 -126 -52 -215 -224
Total Operating Income
-24 -70 -132 -230 -243
Total Gross Profit
-3.38 -1.97 -17 -55 -2.05
Total Revenue
0.00 0.00 6.20 7.64 23
Operating Revenue
0.00 0.00 6.20 7.64 23
Total Cost of Revenue
3.38 1.97 23 63 25
Operating Cost of Revenue
3.38 1.97 23 63 25
Total Operating Expenses
20 68 115 175 241
Selling, General & Admin Expense
5.71 30 52 79 74
Research & Development Expense
14 38 58 88 125
Impairment Charge
0.00 0.00 4.92 4.41 0.00
Restructuring Charge
- 0.00 0.00 3.02 42
Total Other Income / (Expense), net
-16 -56 80 15 19
Interest Expense
0.11 0.19 - 4.46 6.79
Interest & Investment Income
- 0.04 5.23 14 12
Other Income / (Expense), net
-16 -56 75 5.88 13
Income Tax Expense
- 0.00 0.00 -0.63 -1.39
Net Income / (Loss) Attributable to Noncontrolling Interest
- 0.00 0.00 -0.06 -0.29
Basic Earnings per Share
($0.49) ($1.07) ($0.34) ($1.35) ($1.27)
Weighted Average Basic Shares Outstanding
80.37M 117.22M 152.92M 159.07M 175.04M
Diluted Earnings per Share
($0.49) ($1.07) ($0.82) ($1.38) ($1.27)
Weighted Average Diluted Shares Outstanding
80.37M 117.22M 154.15M 159.58M 175.04M
Weighted Average Basic & Diluted Shares Outstanding
80.37M 117.22M 157.78M 168.50M 191.27M

Quarterly Income Statements for Enovix

This table shows Enovix's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
-82 -11 -74 -64 -16 -60 -46 -116 -23 -37
Consolidated Net Income / (Loss)
-82 -11 -74 -64 -16 -60 -46 -116 -23 -37
Net Income / (Loss) Continuing Operations
-82 -11 -74 -64 -16 -60 -46 -116 -23 -37
Total Pre-Tax Income
-82 -11 -74 -64 -16 -61 -47 -121 -20 -36
Total Operating Income
-34 -45 -63 -52 -50 -65 -70 -89 -49 -35
Total Gross Profit
-6.62 -9.26 -12 -14 -17 -12 -1.80 -0.66 -0.64 1.05
Total Revenue
0.01 1.09 0.02 0.04 0.20 7.38 5.27 3.77 4.32 9.72
Operating Revenue
0.01 1.09 0.02 0.04 0.20 7.38 5.27 3.77 4.32 9.72
Total Cost of Revenue
6.63 10 12 14 17 20 7.07 4.42 4.96 8.67
Operating Cost of Revenue
6.63 10 12 14 17 20 7.07 4.42 4.96 8.67
Total Operating Expenses
27 36 51 38 34 52 68 88 49 36
Selling, General & Admin Expense
13 15 27 17 17 18 20 21 21 13
Research & Development Expense
14 16 24 17 14 35 49 29 24 22
Total Other Income / (Expense), net
-48 34 -10 -12 34 4.11 23 -32 29 -1.78
Interest Expense
0.00 - 0.00 1.27 1.56 1.63 1.66 1.69 1.72 1.72
Interest & Investment Income
1.75 - 2.47 3.15 4.33 4.13 3.56 3.33 2.86 2.59
Other Income / (Expense), net
-50 31 -13 -14 31 1.61 22 -33 28 -2.65
Income Tax Expense
- - 0.00 0.00 0.00 -0.63 -0.15 -4.59 2.19 1.15
Net Income / (Loss) Attributable to Noncontrolling Interest
- - 0.00 0.00 0.00 -0.06 -0.13 -0.08 -0.10 0.01
Basic Earnings per Share
($0.53) ($0.08) ($0.47) ($0.41) ($0.10) ($0.37) ($0.28) ($0.67) ($0.13) ($0.19)
Weighted Average Basic Shares Outstanding
153.33M 152.92M 155.63M 157.15M 159.83M 159.07M 168.14M 172.40M 176.68M 175.04M
Diluted Earnings per Share
($0.53) $0.05 ($0.47) ($0.41) ($0.29) ($0.21) ($0.28) ($0.67) ($0.30) ($0.02)
Weighted Average Diluted Shares Outstanding
153.33M 154.15M 155.63M 157.15M 161.37M 159.58M 168.14M 172.40M 176.87M 175.04M
Weighted Average Basic & Diluted Shares Outstanding
157.10M 157.78M 316.32M 320.25M 167.77M 168.50M 170.00M 176.28M 177.98M 191.27M

Annual Cash Flow Statements for Enovix

This table details how cash moves in and out of Enovix's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
19 356 -62 -88 40
Net Cash From Operating Activities
-20 -51 -83 -105 -109
Net Cash From Continuing Operating Activities
-20 -51 -83 -105 -109
Net Income / (Loss) Continuing Operations
-40 -126 -52 -214 -223
Consolidated Net Income / (Loss)
-40 -126 -52 -214 -223
Depreciation Expense
0.58 1.52 7.97 34 45
Non-Cash Adjustments To Reconcile Net Income
17 67 -40 68 85
Changes in Operating Assets and Liabilities, net
2.19 6.14 0.80 7.10 -16
Net Cash From Investing Activities
-27 -44 -36 -143 -1.38
Net Cash From Continuing Investing Activities
-27 -44 -36 -143 -1.38
Purchase of Property, Plant & Equipment
-27 -44 -36 -62 -76
Acquisitions
- 0.00 0.00 -9.97 0.00
Purchase of Investments
- 0.00 0.00 -138 -32
Sale and/or Maturity of Investments
- 0.00 0.00 67 107
Net Cash From Financing Activities
66 451 57 160 151
Net Cash From Continuing Financing Activities
66 451 57 160 151
Repayment of Debt
0.00 -15 0.00 -5.99 -0.21
Repurchase of Common Equity
0.00 -0.03 -0.01 -0.03 -0.00
Issuance of Debt
1.63 15 0.00 173 4.57
Issuance of Common Equity
0.00 0.00 1.90 2.35 109
Other Financing Activities, net
0.36 483 55 -9.25 38
Effect of Exchange Rate Changes
- 0.00 0.00 0.15 -1.17
Cash Interest Paid
- 0.00 0.00 2.76 5.69
Cash Income Taxes Paid
- - 0.00 0.00 0.19

Quarterly Cash Flow Statements for Enovix

This table details how cash moves in and out of Enovix's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-36 -26 -29 49 -72 -36 -11 13 -34 72
Net Cash From Operating Activities
-21 -22 -26 -24 -28 -27 -35 -27 -31 -16
Net Cash From Continuing Operating Activities
-21 -22 -26 -24 -28 -27 -35 -27 -31 -16
Net Income / (Loss) Continuing Operations
-82 -11 -74 -64 -16 -60 -46 -116 -23 -37
Consolidated Net Income / (Loss)
-82 -11 -74 -64 -16 -60 -46 -116 -23 -37
Depreciation Expense
2.86 3.58 3.60 3.50 2.90 24 25 5.94 6.50 7.54
Non-Cash Adjustments To Reconcile Net Income
59 -18 42 34 -18 10 -8.19 88 -9.92 16
Changes in Operating Assets and Liabilities, net
-0.45 4.14 2.40 3.46 2.73 -1.48 -5.33 -4.75 -4.62 -1.66
Net Cash From Investing Activities
-17 -4.85 -3.03 -78 -51 -11 19 0.41 -4.53 -16
Net Cash From Continuing Investing Activities
-17 -4.85 -3.03 -78 -51 -11 19 0.41 -4.53 -16
Purchase of Property, Plant & Equipment
-17 -4.85 -3.03 -13 -17 -29 -15 -25 -20 -16
Net Cash From Financing Activities
1.77 0.53 -0.46 151 6.47 2.20 5.43 40 -0.86 107
Net Cash From Continuing Financing Activities
1.77 0.53 -0.46 151 6.47 2.20 5.43 40 -0.86 107
Repayment of Debt
- - - - -0.02 -0.74 - - -0.11 -0.03
Issuance of Common Equity
- 0.79 - - - 1.18 - - - 108
Other Financing Activities, net
1.78 -0.26 -0.45 -17 6.50 1.75 3.63 36 -0.75 -0.99
Effect of Exchange Rate Changes
- - 0.00 - - 0.15 -0.54 -0.21 2.05 -2.47
Cash Interest Paid
- - 0.00 - - 2.76 0.02 2.75 0.18 2.74
Cash Income Taxes Paid
- - 0.00 - - - 0.09 0.06 0.02 0.02

Annual Balance Sheets for Enovix

This table presents Enovix's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets
65 483 441 564 527
Total Current Assets
33 398 330 323 295
Cash & Equivalents
29 385 323 233 273
Short-Term Investments
- - 0.00 74 0.00
Note & Lease Receivable
- - 0.00 1.51 0.00
Accounts Receivable
- 0.00 0.17 0.91 4.57
Inventories, net
- 0.00 0.63 8.74 7.66
Prepaid Expenses
0.95 8.27 5.99 5.20 9.90
Plant, Property, & Equipment, net
31 77 104 166 168
Total Noncurrent Assets
0.63 7.83 7.07 75 64
Goodwill
- - 0.00 12 12
Intangible Assets
- - 0.00 42 36
Other Noncurrent Operating Assets
0.63 7.83 7.07 20 16
Total Liabilities & Shareholders' Equity
65 483 441 564 527
Total Liabilities
29 156 84 303 278
Total Current Liabilities
11 21 23 61 54
Short-Term Debt
- - 0.00 5.92 9.45
Accounts Payable
2.08 3.14 7.08 21 9.49
Accrued Expenses
2.00 7.11 7.09 14 20
Current Deferred Revenue
5.41 5.58 0.05 6.71 3.65
Current Employee Benefit Liabilities
1.27 4.10 8.10 11 8.23
Other Current Liabilities
0.11 0.71 0.72 2.44 3.04
Total Noncurrent Liabilities
18 136 61 242 224
Long-Term Debt
- - 0.00 169 170
Noncurrent Deferred Revenue
1.65 2.29 3.72 3.77 3.77
Noncurrent Deferred & Payable Income Tax Liabilities
- - 0.00 11 8.78
Other Noncurrent Operating Liabilities
16 134 57 59 42
Total Equity & Noncontrolling Interests
36 326 356 261 249
Total Preferred & Common Equity
36 326 356 258 247
Preferred Stock
0.00 0.00 0.00 0.00 0.00
Total Common Equity
36 326 356 258 247
Common Stock
243 659 741 857 1,068
Retained Earnings
-207 -333 -385 -599 -821
Accumulated Other Comprehensive Income / (Loss)
- - 0.00 -0.06 -0.14
Other Equity Adjustments
- - 0.00 - 0.00
Noncontrolling Interest
- - 0.00 2.96 2.66

Quarterly Balance Sheets for Enovix

This table presents Enovix's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
468 411 539 520 509 489 448
Total Current Assets
356 301 414 376 278 270 224
Cash & Equivalents
349 294 343 271 222 235 201
Short-Term Investments
- - 66 101 40 15 0.00
Note & Lease Receivable
- - - - 0.14 0.00 0.00
Accounts Receivable
0.01 0.02 0.04 0.00 1.73 1.67 1.91
Inventories, net
0.45 0.82 0.80 0.22 6.54 9.51 9.56
Prepaid Expenses
4.51 5.86 2.93 4.18 7.21 8.84 12
Plant, Property, & Equipment, net
104 102 118 137 159 151 158
Total Noncurrent Assets
8.06 7.09 6.88 7.49 72 68 66
Goodwill
- - - - 12 12 12
Intangible Assets
- - - - 40 39 38
Other Noncurrent Operating Assets
8.06 7.09 6.88 7.49 20 17 17
Total Liabilities & Shareholders' Equity
468 411 539 520 509 489 448
Total Liabilities
109 98 292 267 277 316 278
Total Current Liabilities
18 25 37 44 57 68 59
Short-Term Debt
- - - - 8.49 11 12
Accounts Payable
6.82 4.75 13 18 19 19 15
Accrued Expenses
2.48 8.69 13 16 12 17 14
Current Deferred Revenue
1.37 0.35 0.35 0.00 5.31 7.01 6.21
Current Employee Benefit Liabilities
6.17 10 10 9.13 9.28 8.86 8.04
Other Current Liabilities
0.70 0.92 0.94 0.94 2.86 5.09 4.76
Total Noncurrent Liabilities
92 73 254 223 220 248 218
Long-Term Debt
- - 167 167 168 169 169
Noncurrent Deferred Revenue
2.96 3.42 3.42 3.77 3.77 3.77 3.77
Noncurrent Deferred & Payable Income Tax Liabilities
- - - - 11 6.12 8.18
Other Noncurrent Operating Liabilities
89 70 84 52 37 70 38
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
358 312 247 252 232 173 170
Total Preferred & Common Equity
358 312 247 252 229 170 168
Total Common Equity
358 312 247 252 229 170 168
Common Stock
732 770 770 791 875 931 951
Retained Earnings
-374 -458 -523 -539 -645 -761 -784
Accumulated Other Comprehensive Income / (Loss)
- - -0.02 -0.01 -0.05 0.02 -0.04
Noncontrolling Interest
- - - - 2.83 2.75 2.65

Annual Metrics and Ratios for Enovix

This table displays calculated financial ratios and metrics derived from Enovix's official financial filings.

Metric 2020 2021 2022 2023 2024
Growth Metrics
- - - - -
Revenue Growth
0.00% 0.00% 0.00% 23.25% 201.86%
EBITDA Growth
0.00% -218.78% 60.65% -289.46% 3.08%
EBIT Growth
0.00% -217.94% 54.78% -294.67% -2.27%
NOPAT Growth
0.00% -195.46% -89.84% -74.46% -5.39%
Net Income Growth
0.00% -217.46% 58.99% -314.81% -3.92%
EPS Growth
0.00% -118.37% 23.36% -68.29% 7.97%
Operating Cash Flow Growth
0.00% -155.89% -61.27% -26.46% -3.82%
Free Cash Flow Firm Growth
0.00% 0.00% -1,152.90% -38.77% 23.56%
Invested Capital Growth
0.00% -936.65% 156.74% 285.11% 20.50%
Revenue Q/Q Growth
0.00% 0.00% 21.39% 463.72% 11.26%
EBITDA Q/Q Growth
0.00% 0.00% 60.00% -17.78% 4.91%
EBIT Q/Q Growth
0.00% 0.00% 55.39% -28.05% 10.18%
NOPAT Q/Q Growth
0.00% 0.00% -18.27% -9.32% 11.09%
Net Income Q/Q Growth
0.00% 0.00% 58.71% -29.56% 9.21%
EPS Q/Q Growth
0.00% 0.00% 44.59% -23.21% 13.01%
Operating Cash Flow Q/Q Growth
0.00% -31.44% -6.49% -5.43% 9.40%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -37.84% 32.86%
Invested Capital Q/Q Growth
0.00% 0.00% 261.97% 168.18% 4.13%
Profitability Metrics
- - - - -
Gross Margin
0.00% 0.00% -274.70% -724.97% -8.86%
EBITDA Margin
0.00% 0.00% -788.15% -2,490.45% -799.64%
Operating Margin
0.00% 0.00% -2,128.01% -3,012.23% -1,051.70%
EBIT Margin
0.00% 0.00% -916.69% -2,935.36% -994.50%
Profit (Net Income) Margin
0.00% 0.00% -832.34% -2,801.31% -964.44%
Tax Burden Percent
100.00% 100.00% 100.00% 99.71% 99.38%
Interest Burden Percent
100.27% 100.12% 90.80% 95.72% 97.58%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% -197.91% -119.16%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% -174.62% -72.43%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 128.56% 31.98%
Return on Equity (ROE)
-109.48% -69.48% -15.13% -69.35% -87.18%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% -551.40% -315.45% -137.75%
Operating Return on Assets (OROA)
0.00% 0.00% -12.32% -44.66% -42.05%
Return on Assets (ROA)
0.00% 0.00% -11.18% -42.62% -40.78%
Return on Common Equity (ROCE)
-109.48% -69.48% -15.13% -69.02% -86.22%
Return on Equity Simple (ROE_SIMPLE)
-109.48% -38.60% -14.48% -82.95% -90.19%
Net Operating Profit after Tax (NOPAT)
-16 -49 -92 -161 -170
NOPAT Margin
0.00% 0.00% -1,489.61% -2,108.56% -736.19%
Net Nonoperating Expense Percent (NNEP)
-79.54% -37.26% 11.51% -23.29% -46.73%
Return On Investment Capital (ROIC_SIMPLE)
- - -25.92% -36.96% -39.63%
Cost of Revenue to Revenue
0.00% 0.00% 374.70% 824.97% 108.86%
SG&A Expenses to Revenue
0.00% 0.00% 837.96% 1,033.67% 322.06%
R&D to Revenue
0.00% 0.00% 936.00% 1,156.36% 539.59%
Operating Expenses to Revenue
0.00% 0.00% 1,853.31% 2,287.26% 1,042.84%
Earnings before Interest and Taxes (EBIT)
-40 -126 -57 -224 -229
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-39 -124 -49 -190 -185
Valuation Ratios
- - - - -
Price to Book Value (P/BV)
5.52 12.15 5.48 8.14 8.14
Price to Tangible Book Value (P/TBV)
5.52 12.15 5.48 10.30 10.13
Price to Revenue (P/Rev)
0.00 0.00 315.12 274.79 87.01
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
24.16 0.00 48.59 15.25 12.30
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 263.06 257.94 83.07
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 203.43 0.00 0.00 0.00
Leverage & Solvency
- - - - -
Debt to Equity
0.00 0.00 0.00 0.67 0.72
Long-Term Debt to Equity
0.00 0.00 0.00 0.65 0.68
Financial Leverage
-0.80 -1.14 -1.04 -0.74 -0.44
Leverage Ratio
1.79 1.51 1.35 1.63 2.14
Compound Leverage Factor
1.80 1.51 1.23 1.56 2.09
Debt to Total Capital
0.00% 0.00% 0.00% 40.13% 41.82%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 1.36% 2.20%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 38.77% 39.62%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.68% 0.62%
Common Equity to Total Capital
100.00% 100.00% 100.00% 59.19% 57.56%
Debt to EBITDA
0.00 0.00 0.00 -0.92 -0.97
Net Debt to EBITDA
0.00 0.00 0.00 0.69 0.51
Long-Term Debt to EBITDA
0.00 0.00 0.00 -0.89 -0.92
Debt to NOPAT
0.00 0.00 0.00 -1.09 -1.06
Net Debt to NOPAT
0.00 0.00 0.00 0.82 0.55
Long-Term Debt to NOPAT
0.00 0.00 0.00 -1.05 -1.00
Altman Z-Score
-1.89 14.31 13.13 1.93 1.31
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.48% 1.10%
Liquidity Ratios
- - - - -
Current Ratio
3.04 19.29 14.31 5.30 5.49
Quick Ratio
2.68 18.67 14.03 5.07 5.17
Cash Flow Metrics
- - - - -
Free Cash Flow to Firm (FCFF)
0.00 18 -185 -257 -196
Operating Cash Flow to CapEx
-74.39% -117.72% -228.49% -169.33% -142.59%
Free Cash Flow to Firm to Interest Expense
0.00 94.03 0.00 -57.65 -28.93
Operating Cash Flow to Interest Expense
-187.38 -274.36 0.00 -23.48 -16.01
Operating Cash Flow Less CapEx to Interest Expense
-439.28 -507.43 0.00 -37.35 -27.23
Efficiency Ratios
- - - - -
Asset Turnover
0.00 0.00 0.01 0.02 0.04
Accounts Receivable Turnover
0.00 0.00 0.00 14.17 8.43
Inventory Turnover
0.00 0.00 0.00 13.46 3.06
Fixed Asset Turnover
0.00 0.00 0.07 0.06 0.14
Accounts Payable Turnover
1.62 0.75 4.55 4.45 1.63
Days Sales Outstanding (DSO)
0.00 0.00 0.00 25.76 43.30
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 27.12 119.16
Days Payable Outstanding (DPO)
225.27 484.97 80.27 81.98 223.36
Cash Conversion Cycle (CCC)
0.00 0.00 -80.27 -29.10 -60.90
Capital & Investment Metrics
- - - - -
Invested Capital
7.07 -59 34 129 156
Invested Capital Turnover
0.00 0.00 -0.48 0.09 0.16
Increase / (Decrease) in Invested Capital
0.00 -66 93 96 27
Enterprise Value (EV)
171 3,577 1,632 1,972 1,917
Market Capitalization
200 3,962 1,954 2,101 2,008
Book Value per Share
$0.45 $2.25 $2.27 $1.54 $1.39
Tangible Book Value per Share
$0.45 $2.25 $2.27 $1.22 $1.11
Total Capital
36 326 356 436 429
Total Debt
0.00 0.00 0.00 175 179
Total Long-Term Debt
0.00 0.00 0.00 169 170
Net Debt
-29 -385 -323 -132 -94
Capital Expenditures (CapEx)
27 44 36 62 76
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-6.97 -7.81 -16 -39 -22
Debt-free Net Working Capital (DFNWC)
22 377 307 268 251
Net Working Capital (NWC)
22 377 307 262 241
Net Nonoperating Expense (NNE)
23 77 -41 53 53
Net Nonoperating Obligations (NNO)
-29 -385 -323 -132 -94
Total Depreciation and Amortization (D&A)
0.58 1.52 7.97 34 45
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00% -261.72% -506.79% -95.83%
Debt-free Net Working Capital to Revenue
0.00% 0.00% 4,943.87% 3,507.01% 1,086.75%
Net Working Capital to Revenue
0.00% 0.00% 4,943.87% 3,429.60% 1,045.79%
Earnings Adjustments
- - - - -
Adjusted Basic Earnings per Share
$0.00 ($1.07) ($0.34) ($1.35) ($1.27)
Adjusted Weighted Average Basic Shares Outstanding
0.00 156.48M 152.92M 159.07M 175.04M
Adjusted Diluted Earnings per Share
$0.00 ($1.07) ($0.82) ($1.38) ($1.27)
Adjusted Weighted Average Diluted Shares Outstanding
0.00 156.48M 154.15M 159.58M 175.04M
Adjusted Basic & Diluted Earnings per Share
$0.00 ($1.07) $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 117.22M 157.78M 168.50M 191.27M
Normalized Net Operating Profit after Tax (NOPAT)
-16 -49 -89 -156 -141
Normalized NOPAT Margin
0.00% 0.00% -1,434.06% -2,040.50% -609.36%
Pre Tax Income Margin
0.00% 0.00% -832.34% -2,809.59% -970.47%
Debt Service Ratios
- - - - -
EBIT to Interest Expense
-369.56 -672.32 0.00 -50.35 -33.81
NOPAT to Interest Expense
-153.93 -260.24 0.00 -36.17 -25.03
EBIT Less CapEx to Interest Expense
-621.46 -905.39 0.00 -64.22 -45.04
NOPAT Less CapEx to Interest Expense
-405.83 -493.31 0.00 -50.04 -36.25
Payout Ratios
- - - - -
Dividend Payout Ratio
0.00% -24.95% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% -24.98% -0.02% -0.01% 0.00%

Quarterly Metrics and Ratios for Enovix

This table displays calculated financial ratios and metrics derived from Enovix's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
0.00% 0.00% 0.00% -99.18% 2,400.00% 575.30% 25,004.76% 8,871.43% 2,058.50% 31.65%
EBITDA Growth
-699.72% 87.55% -268.03% -15,114.56% 80.12% -275.50% 67.47% -85.41% 6.04% 24.35%
EBIT Growth
-676.55% 83.44% -278.22% -3,652.04% 77.37% -350.80% 36.18% -84.58% -13.88% 41.16%
NOPAT Growth
-75.45% -82.35% -76.29% -84.96% -49.60% -43.46% -10.89% -71.18% 2.22% 46.72%
Net Income Growth
-656.72% 86.78% -272.34% -5,565.73% 80.27% -436.96% 36.83% -80.31% -39.87% 37.62%
EPS Growth
-278.57% 108.20% -193.75% -127.78% 45.28% -520.00% 40.43% -63.41% -3.45% 90.48%
Operating Cash Flow Growth
-6.36% -30.04% -30.08% -14.27% -37.09% -24.69% -36.83% -14.42% -8.63% 41.39%
Free Cash Flow Firm Growth
-3,087.98% 0.00% -143.90% 109.49% -54.95% -13.44% -256.14% -5,664.75% -83.13% 64.09%
Invested Capital Growth
161.68% 156.74% 42.59% -88.99% 419.79% 285.11% 697.79% 2,018.12% 210.33% 20.50%
Revenue Q/Q Growth
-99.84% 13,562.50% -98.08% 100.00% 376.19% 3,590.50% -28.57% -28.53% 14.57% 125.09%
EBITDA Q/Q Growth
-19,502.91% 87.09% -594.90% 13.50% 74.39% -143.93% 40.66% -392.98% 87.02% -96.38%
EBIT Q/Q Growth
-4,648.24% 83.27% -442.85% 12.99% 71.36% -233.28% 23.14% -151.63% 82.33% -72.19%
NOPAT Q/Q Growth
-20.15% -34.07% -40.08% 18.03% 2.82% -28.57% -8.27% -26.54% 44.49% 29.94%
Net Income Q/Q Growth
-7,125.82% 86.37% -558.29% 12.63% 74.83% -270.95% 22.55% -149.36% 80.48% -65.44%
EPS Q/Q Growth
-194.44% 109.43% -1,040.00% 12.77% 29.27% 27.59% -33.33% -139.29% 55.22% 93.33%
Operating Cash Flow Q/Q Growth
0.03% -5.98% -17.28% 8.04% -19.93% 3.60% -28.71% 23.10% -13.85% 47.99%
Free Cash Flow Firm Q/Q Growth
-58.19% -159.67% 59.99% 105.77% -2,682.50% -90.10% -25.62% 9.77% 15.01% 62.72%
Invested Capital Q/Q Growth
-78.92% 261.97% -45.32% -73.61% 895.17% 168.18% 13.28% -29.94% 45.80% 4.13%
Profitability Metrics
- - - - - - - - - -
Gross Margin
-82,762.50% -847.48% -58,223.81% -33,792.86% -8,304.50% -167.84% -34.14% -17.38% -14.87% 10.83%
EBITDA Margin
-1,009,550.00% -954.16% -345,100.00% -149,247.62% -8,027.00% -530.57% -447.19% -3,084.53% -349.43% -304.87%
Operating Margin
-420,987.50% -4,131.20% -301,190.48% -123,440.48% -25,191.50% -877.62% -1,330.35% -2,355.36% -1,141.23% -355.21%
EBIT Margin
-1,046,987.50% -1,282.07% -362,233.33% -157,585.71% -9,477.00% -855.85% -920.90% -3,242.25% -500.00% -382.50%
Profit (Net Income) Margin
-1,025,162.50% -1,022.96% -350,490.48% -153,109.52% -8,092.50% -813.41% -881.96% -3,077.15% -524.39% -385.43%
Tax Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 98.96% 99.67% 96.20% 110.73% 103.17%
Interest Burden Percent
97.92% 79.79% 96.76% 97.16% 85.39% 96.04% 96.08% 98.66% 94.71% 97.66%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% -84,006.65% -4,117.46% -831.83% -57.66% -145.70% -509.99% -167.47% -40.25%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% -83,998.29% -4,108.53% -838.73% -51.20% -147.07% -475.59% -178.01% -28.45%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 80,419.60% 3,811.61% 759.78% 37.69% 102.53% 354.00% 94.70% 12.56%
Return on Equity (ROE)
-36.66% -15.13% -3,587.05% -305.85% -72.05% -19.97% -43.18% -156.00% -72.78% -27.68%
Cash Return on Invested Capital (CROIC)
0.00% -551.40% -797.57% -395.39% -648.38% -315.45% -356.86% -538.97% -295.65% -137.75%
Operating Return on Assets (OROA)
-12,115.92% -17.23% -4,916.98% -357.49% -26.03% -13.02% -25.83% -104.85% -21.42% -16.17%
Return on Assets (ROA)
-11,863.36% -13.75% -4,757.58% -347.34% -22.22% -12.37% -24.74% -99.51% -22.47% -16.30%
Return on Common Equity (ROCE)
-36.66% -15.13% -3,587.05% -305.85% -72.05% -19.87% -42.95% -154.97% -72.32% -27.38%
Return on Equity Simple (ROE_SIMPLE)
-34.89% 0.00% -53.81% -93.46% -65.46% 0.00% -81.57% -140.14% -146.26% 0.00%
Net Operating Profit after Tax (NOPAT)
-24 -32 -44 -36 -35 -45 -49 -62 -34 -24
NOPAT Margin
-294,691.25% -2,891.84% -210,833.33% -86,408.33% -17,634.05% -614.33% -931.24% -1,648.75% -798.86% -248.65%
Net Nonoperating Expense Percent (NNEP)
-16.99% 5.77% -8.36% -8.93% 6.90% -6.46% 1.37% -34.40% 10.54% -11.79%
Return On Investment Capital (ROIC_SIMPLE)
- -8.87% - - - -10.40% - - - -5.64%
Cost of Revenue to Revenue
82,862.50% 947.48% 58,323.81% 33,892.86% 8,404.50% 267.84% 134.14% 117.38% 114.87% 89.17%
SG&A Expenses to Revenue
163,875.00% 1,411.25% 129,876.19% 39,733.33% 8,622.50% 241.25% 370.79% 554.25% 480.52% 135.18%
R&D to Revenue
174,350.00% 1,422.23% 113,090.48% 39,411.90% 6,754.00% 468.53% 925.42% 771.36% 561.04% 230.86%
Operating Expenses to Revenue
338,225.00% 3,283.71% 242,966.67% 89,647.62% 16,887.00% 709.78% 1,296.21% 2,337.98% 1,126.36% 366.04%
Earnings before Interest and Taxes (EBIT)
-84 -14 -76 -66 -19 -63 -49 -122 -22 -37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-81 -10 -72 -63 -16 -39 -24 -116 -15 -30
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
8.04 5.48 7.54 11.54 7.96 8.14 5.89 15.43 10.04 8.14
Price to Tangible Book Value (P/TBV)
8.04 5.48 7.54 11.54 7.96 10.30 7.62 22.03 14.28 10.13
Price to Revenue (P/Rev)
563.97 315.12 378.03 2,451.21 1,482.00 274.79 104.67 158.13 81.14 87.01
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
273.00 48.59 112.13 538.86 37.44 15.25 8.65 24.95 11.13 12.30
Enterprise Value to Revenue (EV/Rev)
495.66 263.06 330.83 2,242.93 1,331.37 257.94 98.25 154.05 80.27 83.07
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.67 0.66 0.67 0.76 1.04 1.06 0.72
Long-Term Debt to Equity
0.00 0.00 0.00 0.67 0.66 0.65 0.73 0.97 0.99 0.68
Financial Leverage
-1.01 -1.04 -0.96 -0.93 -0.91 -0.74 -0.70 -0.74 -0.53 -0.44
Leverage Ratio
1.29 1.35 1.25 1.52 1.62 1.63 1.69 2.45 2.29 2.14
Compound Leverage Factor
1.27 1.08 1.21 1.47 1.38 1.56 1.62 2.41 2.17 2.09
Debt to Total Capital
0.00% 0.00% 0.00% 40.28% 39.82% 40.13% 43.23% 50.91% 51.43% 41.82%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 1.36% 2.08% 3.12% 3.30% 2.20%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 40.28% 39.82% 38.77% 41.16% 47.79% 48.14% 39.62%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.68% 0.69% 0.78% 0.76% 0.62%
Common Equity to Total Capital
100.00% 100.00% 100.00% 59.72% 60.18% 59.19% 56.08% 48.31% 47.81% 57.56%
Debt to EBITDA
0.00 0.00 0.00 -0.74 -1.03 -0.92 -1.25 -0.92 -0.93 -0.97
Net Debt to EBITDA
0.00 0.00 0.00 1.07 1.26 0.69 0.61 0.36 0.11 0.51
Long-Term Debt to EBITDA
0.00 0.00 0.00 -0.74 -1.03 -0.89 -1.19 -0.86 -0.87 -0.92
Debt to NOPAT
0.00 0.00 0.00 -1.23 -1.13 -1.09 -1.06 -0.94 -0.94 -1.06
Net Debt to NOPAT
0.00 0.00 0.00 1.79 1.39 0.82 0.52 0.37 0.11 0.55
Long-Term Debt to NOPAT
0.00 0.00 0.00 -1.23 -1.13 -1.05 -1.01 -0.88 -0.88 -1.00
Altman Z-Score
14.99 13.46 12.98 4.95 3.70 2.87 1.38 2.52 1.51 2.52
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.48% 0.52% 0.65% 0.63% 1.10%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
20.28 14.31 12.00 11.07 8.52 5.30 4.89 3.98 3.77 5.49
Quick Ratio
19.91 14.03 11.70 10.95 8.42 5.07 4.65 3.71 3.41 5.17
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-48 -124 -50 2.87 -74 -141 -177 -160 -136 -51
Operating Cash Flow to CapEx
-121.97% -450.62% -844.69% -185.57% -163.69% -94.49% -232.26% -106.90% -157.08% -97.55%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 2.26 -47.66 -86.60 -106.82 -94.56 -79.10 -29.47
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 -18.54 -18.14 -16.71 -21.12 -15.94 -17.86 -9.28
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 -28.54 -29.22 -34.40 -30.22 -30.84 -29.23 -18.80
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.01 0.01 0.01 0.00 0.00 0.02 0.03 0.03 0.04 0.04
Accounts Receivable Turnover
0.00 0.00 0.00 16.17 387.43 14.17 14.75 19.47 21.69 8.43
Inventory Turnover
0.00 0.00 0.00 59.34 160.86 13.46 15.75 9.33 7.41 3.06
Fixed Asset Turnover
0.06 0.07 0.07 0.01 0.01 0.06 0.10 0.12 0.14 0.14
Accounts Payable Turnover
3.43 4.55 11.13 4.46 4.28 4.45 4.82 2.93 2.17 1.63
Days Sales Outstanding (DSO)
0.00 0.00 0.00 22.58 0.94 25.76 24.75 18.74 16.83 43.30
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 6.15 2.27 27.12 23.18 39.12 49.27 119.16
Days Payable Outstanding (DPO)
106.36 80.27 32.80 81.76 85.34 81.98 75.76 124.41 167.86 223.36
Cash Conversion Cycle (CCC)
-106.36 -80.27 -32.80 -53.03 -82.13 -29.10 -27.83 -66.55 -101.77 -60.90
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
9.28 34 18 4.85 48 129 146 103 150 156
Invested Capital Turnover
-1.77 -0.48 0.40 0.05 0.05 0.09 0.16 0.31 0.21 0.16
Increase / (Decrease) in Invested Capital
24 93 5.48 -39 39 96 128 98 101 27
Enterprise Value (EV)
2,532 1,632 2,059 2,611 1,805 1,972 1,267 2,561 1,665 1,917
Market Capitalization
2,881 1,954 2,353 2,853 2,010 2,101 1,350 2,628 1,683 2,008
Book Value per Share
$2.28 $2.27 $1.98 $1.56 $1.58 $1.54 $1.36 $1.00 $0.95 $1.39
Tangible Book Value per Share
$2.28 $2.27 $1.98 $1.56 $1.58 $1.22 $1.05 $0.70 $0.67 $1.11
Total Capital
358 356 312 414 420 436 409 353 351 429
Total Debt
0.00 0.00 0.00 167 167 175 177 179 180 179
Total Long-Term Debt
0.00 0.00 0.00 167 167 169 168 169 169 170
Net Debt
-349 -323 -294 -242 -204 -132 -86 -70 -21 -94
Capital Expenditures (CapEx)
17 4.85 3.03 13 17 29 15 25 20 16
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-11 -16 -18 -33 -40 -39 -33 -37 -25 -22
Debt-free Net Working Capital (DFNWC)
338 307 276 376 332 268 230 213 176 251
Net Working Capital (NWC)
338 307 276 376 332 262 221 202 165 241
Net Nonoperating Expense (NNE)
58 -20 29 28 -19 15 -2.60 54 -12 13
Net Nonoperating Obligations (NNO)
-349 -323 -294 -242 -204 -132 -86 -70 -21 -94
Total Depreciation and Amortization (D&A)
3.00 3.58 3.60 3.50 2.90 24 25 5.94 6.50 7.54
Debt-free, Cash-free Net Working Capital to Revenue
-215.80% -261.72% -282.97% -2,818.99% -2,929.79% -506.79% -254.21% -221.97% -119.74% -95.83%
Debt-free Net Working Capital to Revenue
6,615.42% 4,943.87% 4,437.44% 32,339.43% 24,455.09% 3,507.01% 1,780.63% 1,281.72% 849.07% 1,086.75%
Net Working Capital to Revenue
6,615.42% 4,943.87% 4,437.44% 32,339.43% 24,455.09% 3,429.60% 1,714.80% 1,215.61% 793.35% 1,045.79%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.53) ($0.08) ($0.47) ($0.41) ($0.10) ($0.37) ($0.28) ($0.67) ($0.13) ($0.19)
Adjusted Weighted Average Basic Shares Outstanding
153.33M 152.92M 155.63M 157.15M 159.83M 159.07M 168.14M 172.40M 176.68M 175.04M
Adjusted Diluted Earnings per Share
($0.53) $0.05 ($0.47) ($0.41) ($0.29) ($0.21) ($0.28) ($0.67) ($0.30) ($0.02)
Adjusted Weighted Average Diluted Shares Outstanding
153.33M 154.15M 155.63M 157.15M 161.37M 159.58M 168.14M 172.40M 176.87M 175.04M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
157.10M 157.78M 316.32M 320.25M 167.77M 168.50M 170.00M 176.28M 177.98M 191.27M
Normalized Net Operating Profit after Tax (NOPAT)
-24 -32 -44 -33 -33 -45 -49 -35 -32 -24
Normalized NOPAT Margin
-294,691.25% -2,891.84% -210,833.33% -79,056.67% -16,576.70% -614.33% -931.24% -940.10% -739.50% -248.65%
Pre Tax Income Margin
-1,025,162.50% -1,022.96% -350,490.48% -153,109.52% -8,092.50% -821.99% -884.84% -3,198.86% -473.57% -373.57%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 -52.12 -12.17 -38.78 -29.26 -72.25 -12.56 -21.62
NOPAT to Interest Expense
0.00 0.00 0.00 -28.58 -22.65 -27.84 -29.59 -36.74 -20.07 -14.06
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 -62.11 -23.26 -56.47 -38.36 -87.15 -23.93 -31.14
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 -38.57 -33.73 -45.52 -38.69 -51.65 -31.44 -23.57
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-0.02% -0.02% -0.01% -0.01% -0.01% -0.01% -0.01% -0.01% 0.00% 0.00%

Frequently Asked Questions About Enovix's Financials

When does Enovix's fiscal year end?

According to the most recent income statement we have on file, Enovix's financial year ends in December. Their financial year 2024 ended on December 29, 2024.

How has Enovix's net income changed over the last 4 years?

Enovix's net income appears to be on an upward trend, with a most recent value of -$222.53 million in 2024, rising from -$39.65 million in 2020. The previous period was -$214.13 million in 2023.

What is Enovix's operating income?
Enovix's total operating income in 2024 was -$242.67 million, based on the following breakdown:
  • Total Gross Profit: -$2.05 million
  • Total Operating Expenses: $240.62 million
How has Enovix revenue changed over the last 4 years?

Over the last 4 years, Enovix's total revenue changed from $0.00 in 2020 to $23.07 million in 2024, a change of 2,307,400,000.0%.

How much debt does Enovix have?

Enovix's total liabilities were at $277.77 million at the end of 2024, a 8.4% decrease from 2023, and a 866.2% increase since 2020.

How much cash does Enovix have?

In the past 4 years, Enovix's cash and equivalents has ranged from $29.14 million in 2020 to $385.29 million in 2021, and is currently $272.87 million as of their latest financial filing in 2024.

How has Enovix's book value per share changed over the last 4 years?

Over the last 4 years, Enovix's book value per share changed from 0.45 in 2020 to 1.39 in 2024, a change of 207.7%.

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This page (NASDAQ:ENVX) was last updated on 4/15/2025 by MarketBeat.com Staff
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