What does distributions to noncontrolling interests mean?

Cash distributions paid to minority interest holders from subsidiaries not fully owned by the parent.

Enovix Corporation ENVX Distributions to noncontrolling interests

Distributions to noncontrolling interests at other companies

AlbemarleALB

$37.46M+106%

SMP

Standard Motor ProductsSMP

$624K—

FuelCell EnergyFCEL

$473K-16.3%

Other financials

Income statement

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Revenue$7.6M+49.1%

Gross profit$1.6M+495%

Operating income-$43.9M-3.1%

Net income-$38.3M-62.7%

EPS (diluted)-$0.18-50.0%

Balance sheet

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Cash & equivalents$90.6M-52.7%

Total debt$543.6M+179%

Total equity$240.7M+2.4%

Total assets$833.9M+67.1%

Cash flow

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Operating cash flow-$33.1M-95.6%

CapEx$3.2M-48.7%

Free cash flow-$36.3M-56.6%

Valuation

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Market cap$1.3B-18.0%

Enterprise value$1.75B+10.5%

P/S37.8×-31.2×

Profitability

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Gross margin21.5%—

Operating margin-520.3%-160pp

Net margin-499.6%-149pp

FCF margin-368.9%-117pp

Returns & leverage

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Return on equity-72.1%-10.0pp

Debt / equity2.3×+1.4×

Current ratio11×+6.3×

Where this comes from

Reported directly by Enovix Corporation in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToMinorityShareholders.

The official record: Enovix Corporation’s 10-Q, filed May 14, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enovix Corporation's distributions to noncontrolling interests?: Enovix Corporation (ENVX) reported distributions to noncontrolling interests of $740K in Q1 2026.
What does distributions to noncontrolling interests mean?: Cash distributions paid to minority interest holders from subsidiaries not fully owned by the parent.