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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$929.33M-57.9%
Enterprise value$1.38B-39.0%
P/S27.1×-55.9×

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 source filing: Enovix Corporation’s 10-Q, filed May 14, 2026.

Filed
May 13, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001828318-26-000029
Line itemFiscal Quarters Ended / April 5,2026Fiscal Quarters Ended / March 30,2025
Research and development26,52825,929
Selling, general and administrative18,91916,892
Total operating expenses45,44742,821
Loss from operations(43,895)(42,560)
Other income (expense):
Change in fair value of common stock warrants6,39715,796
Interest income5,7762,434
Interest expense(7,008)(1,716)

Item 1. Financial Statements (unaudited)

FAQ

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.

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