ENVX (Enovix Corporation) Stock Financials & Earnings | Market Cap Arena

ENVX (Enovix Corporation) Stock Financials & Earnings | Market Cap Arena

ENVXEnovix Corporation

Mkt Cap$1B

Industrials·Electrical Equipment & Parts·🇺🇸 United States·NASDAQ

Revenue (TTM)$32M

Net Income (TTM)-$157M

EPS (TTM)-$0.77

Free Cash Flow (TTM)-$114M

Gross Margin15.4%

Op. Margin-557.0%

Net Margin-492.6%

FCF Margin-356.7%

P/S Ratio (TTM)33.6x

P/E Ratio (TTM)—

YoY Rev Growth+37.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$21K	-$12M	-$63M
Q2 23	$42K	-$14M	-$52M
Q3 23	$200K	-$17M	-$50M
Q4 23	$7M	-$12M	-$65M
Q1 24	$5M	-$2M	-$70M
Q2 24	$4M	-$655K	-$89M
Q3 24	$4M	-$642K	-$49M
Q4 24	$10M	$1M	-$35M
Q1 25	$5M	$261K	-$43M
Q2 25	$7M	$2M	-$44M
Q3 25	$8M	$1M	-$47M
Q4 25	$11M	$1M	-$44M

Valuation

Quarter	P/S	P/E
Q1 23	171.8x	—
Q2 23	918.5x	—
Q3 23	788.5x	—
Q4 23	139.9x	—
Q1 24	82.9x	—
Q2 24	64.3x	—
Q3 24	51.6x	—
Q4 24	46.3x	—
Q1 25	46.7x	—
Q2 25	40.2x	—
Q3 25	35.3x	—
Q4 25	33.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$26M	-$29M
Q2 23	-$24M	-$36M
Q3 23	-$11K	-$11K
Q4 23	-$27M	-$56M
Q1 24	-$35M	-$50M
Q2 24	-$27M	-$52M
Q3 24	-$31M	-$50M
Q4 24	-$16M	-$32M
Q1 25	-$17M	-$23M
Q2 25	-$26M	-$34M
Q3 25	-$26M	-$28M
Q4 25	-$27M	-$28M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3M
Q2 23	$13M
Q3 23	$0
Q4 23	$29M
Q1 24	$15M
Q2 24	$25M
Q3 24	$20M
Q4 24	$16M
Q1 25	$6M
Q2 25	$8M
Q3 25	$3M
Q4 25	$1M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	—	+151.9%
Q2 23	-99.2%	+56.6%
Q3 23	+2400.0%	+50.2%
Q4 23	+575.3%	+56.0%
Q1 24	+25004.8%	+19.2%
Q2 24	+8871.4%	+78.3%
Q3 24	+2058.5%	+5.9%
Q4 24	+31.6%	-38.7%
Q1 25	-3.3%	-36.8%
Q2 25	+98.2%	-44.7%
Q3 25	+85.1%	+2.6%
Q4 25	+15.9%	+24.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$29M	138842.9%
Q2 23	$15M	35814.3%
Q3 23	$13M	6637.0%
Q4 23	$12M	157.4%
Q1 24	$13M	242.0%
Q2 24	$19M	505.2%
Q3 24	$17M	389.9%
Q4 24	$10M	105.0%
Q1 25	$12M	235.7%
Q2 25	$14M	189.1%
Q3 25	$12M	148.1%
Q4 25	$11M	101.1%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	$24M	$27M
Q2 23	$17M	$17M
Q3 23	$14M	$17M
Q4 23	$35M	$18M
Q1 24	$49M	$20M
Q2 24	$29M	$21M
Q3 24	$24M	$21M
Q4 24	$22M	$13M
Q1 25	$26M	$17M
Q2 25	$28M	$18M
Q3 25	$28M	$20M
Q4 25	$28M	$18M

Revenue Segments

Quarter	Product
Q2 24	$4M
Q3 24	$4M
Q1 25	$5M
Q2 25	$8M
Q3 25	$8M
Q4 25	$11M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$294M	$0	$294M
Q2 23	$343M	$66M	$409M
Q3 23	$271M	$101M	$371M
Q4 23	$233M	$74M	$307M
Q1 24	$222M	$40M	$262M
Q2 24	$235M	$15M	$250M
Q3 24	$201M	$0	$201M
Q4 24	$273M	$0	$273M
Q1 25	$190M	$58M	$248M
Q2 25	$136M	$67M	$203M
Q3 25	$336M	$223M	$559M
Q4 25	$106.0B	$406.0B	$512.0B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	156M	+0.2%
Q2 23	157M	+1.0%
Q3 23	161M	+2.7%
Q4 23	166M	+2.7%
Q1 24	168M	+1.5%
Q2 24	172M	+2.5%
Q3 24	177M	+2.6%
Q4 24	185M	+4.6%
Q1 25	191M	+3.4%
Q2 25	205M	+7.1%
Q3 25	207M	+1.0%
Q4 25	208M	+0.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	$0	2
FY 21	$0	215
FY 22	$19K	335
FY 23	$14K	560
FY 24	$40K	570
FY 25	$48K	664