What is Enovix Corporation's net margin?

Enovix Corporation (ENVX) reported net margin of -499.6% in Q1 2026.

How has Enovix Corporation's net margin changed year-over-year?

Enovix Corporation's net margin increased by 42.6% year-over-year, from -870.7% to -499.6%.

What is the long-term trend for Enovix Corporation's net margin?

Over 3 years (2022 to 2025), Enovix Corporation's net margin has grown at a -16.0% compound annual growth rate (CAGR), from -832.3% to -492.6%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Enovix Corporation ENVX Net margin

Net margin at other companies

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-44%-17.6pp

Eos Energy Enterprises, Inc.EOSE

-296.1%-141pp

Advanced Energy IndustriesAEIS

10%+5.3pp

WolfspeedWOLF

-72.9%-24.4pp

EnerSysENS

7.8%-2.2pp

AlbemarleALB

-4.2%-1.9pp

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-19.9%

Enterprise value$1.75B+12.2%

P/S37.8×-32.8×

Profitability

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Gross margin21.5%—

Operating margin-520.3%-160pp

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

Calculated from Enovix Corporation’s reported figures.

net income/total revenue=-499.6%

Based on trailing twelve months.

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 net margin?: Enovix Corporation (ENVX) reported net margin of -499.6% in Q1 2026.
How has Enovix Corporation's net margin changed year-over-year?: Enovix Corporation's net margin increased by 42.6% year-over-year, from -870.7% to -499.6%.
What is the long-term trend for Enovix Corporation's net margin?: Over 3 years (2022 to 2025), Enovix Corporation's net margin has grown at a -16.0% compound annual growth rate (CAGR), from -832.3% to -492.6%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.