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Enovix Corporation ENVX Increase (Decrease) in Prepaid Expense and Other Assets

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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
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:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets.

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 increase (decrease) in prepaid expense and other assets?
Enovix Corporation (ENVX) reported increase (decrease) in prepaid expense and other assets of $1.25M in Q1 2026.
How has Enovix Corporation's increase (decrease) in prepaid expense and other assets changed year-over-year?
Enovix Corporation's increase (decrease) in prepaid expense and other assets increased by 151.3% year-over-year, from -$2.44M to $1.25M.
What is the long-term trend for Enovix Corporation's increase (decrease) in prepaid expense and other assets?
Over 2 years (2021 to 2023), Enovix Corporation's increase (decrease) in prepaid expense and other assets has grown at a -57.5% compound annual growth rate (CAGR), from $3.46M to $626K.
What does increase (decrease) in prepaid expense and other assets mean?
This tracks changes in cash paid in advance for goods or services that will be consumed in future periods. It reflects the timing difference between cash outflows and the recognition of related expenses on the income statement.