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Enovix Corporation ENVX Operating Income

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Other financials

Income statement

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Revenue$7.6M+49.1%
Gross profit$1.6M+495%
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
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:OperatingIncomeLoss.

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 operating income?
Enovix Corporation (ENVX) reported operating income of -$43.9M in Q1 2026.
How has Enovix Corporation's operating income changed year-over-year?
Enovix Corporation's operating income decreased by 3.1% year-over-year, from -$42.56M to -$43.9M.
What is the long-term trend for Enovix Corporation's operating income?
Over 4 years (2021 to 2025), Enovix Corporation's operating income has grown at a 26.4% compound annual growth rate (CAGR), from -$69.52M to -$177.25M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.