Enovix Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022
Revenue	31.82	23.07	7.64	6.2	-
Revenue Growth (YoY)	37.91%	201.86%	23.25%	-	-
Cost of Revenue	25.72	25.12	63.06	23.24	1.97
Gross Profit	6.11	-2.05	-55.42	-17.04	-1.97
Selling, General & Admin	73.03	74.31	79.01	51.97	29.71
Research & Development	110.33	124.51	88.39	58.05	37.85
Other Operating Expenses	-	41.81	7.43	4.92	-
Total Operating Expenses	183.36	240.62	174.84	114.94	67.56
Operating Income	-177.25	-242.67	-230.26	-131.98	-69.52
Interest Income	13	12.33	14.07	5.23	0.04
Interest Expense	-21.6	-6.79	-4.46	-	-0.19
Other Non-Operating Income (Expense)	27.93	13.2	5.88	75.13	-56.2
Total Non-Operating Income (Expense)	19.34	18.74	15.49	80.36	-56.35
Pretax Income	-157.92	-223.93	-214.77	-51.62	-125.87
Provision for Income Taxes	-1.31	-1.39	-0.63	-	-
Net Income	-156.74	-222.24	-214.07	-51.62	-125.87
Minority Interest in Earnings	0.13	-0.29	-0.06	-	-
Net Income to Common	-156.74	-222.24	-214.07	-51.62	-125.87
Shares Outstanding (Basic)	200	175	169	153	117
Shares Outstanding (Diluted)	200	175	170	154	117
Shares Change (YoY)	14.59%	3.09%	10.01%	31.50%	45.85%
EPS (Basic)	-0.78	-1.27	-1.27	-0.34	-1.07
EPS (Diluted)	-0.78	-1.27	-1.30	-0.82	-1.07
Shares Outstanding	216.56	190.56	167.39	157.46	152.27
Free Cash Flow	-85.02	-114.47	-104.27	-118.95	-94.89
Free Cash Flow Per Share	-0.42	-0.65	-0.61	-0.77	-0.81
Gross Margin	19.19%	-8.86%	-724.97%	-274.70%	-
Operating Margin	-557.04%	-1051.70%	-3012.23%	-2128.01%	-
Profit Margin	-492.15%	-964.44%	-2801.31%	-832.34%	-
FCF Margin	-267.18%	-496.09%	-1364.02%	-1917.96%	-
EBITDA	-142.14	-197.71	-196.25	-124.01	-68.01
EBITDA Margin	-446.69%	-856.84%	-2567.32%	-1999.47%	-
EBIT	-177.25	-242.67	-230.26	-131.98	-69.52
EBIT Margin	-557.04%	-1051.70%	-3012.23%	-2128.01%	-
Effective Tax Rate	0.83%	0.62%	0.29%	0.00%	0.00%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q