Advanced battery company developing silicon-anode lithium-ion batteries for consumer electronics, wearables, and future mobility markets.
Profile & Fundamentals
Enovix: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Enovix Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Enovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers. The company was founded in 2006 and is headquartered in Fremont, California.
Company profile record
Enovix Corp
Common Stock · Industrials · Electrical Components & Equipment
Company
- Company / asset
- Enovix Corp
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Electrical Components & Equipment
- HQ
- 🇺🇸 United States
- Head office
- 3501 West Warren Avenue, Fremont, CA, United States, 94538
Leadership & scale
- Chief executive
- Mr. Ryan A. Benton
- CEO year born
- 1971
- Full-time employees
- 664
- Fiscal year end
- December
- IPO date
- 2021-07-15
Fundamentals snapshot
- Market Cap
- USD 590.0M
- P/E
- --
- Revenue (Q2 26)
- USD 9.0M
- Profit (Q2 26)
- USD -43.1M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 31.8M
- Shares in public float
- 189.6M
- Insider ownership
- 11.72%
Reporting & identifiers
- Symbol
- ENVX.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US2935941078
- Asset ID
- equity_fa6d1623-8f13-5cd3-bd0d-f2c8798658e5
Ownership
Shares Outstanding
Latest: 218.5M | Max: 218.5M | Min: 141.2M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
86.77%
189.6M latest reported shares
Insider Ownership
11.72%
Latest reported insider stake
Short Float
0.27%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2020-01-01 | 145,245,600 |
| 2021-01-01 | 141,183,200 |
| 2022-01-01 | 155,283,300 |
| 2023-01-01 | 165,708,500 |
| 2024-01-01 | 184,971,900 |
| 2025-01-01 | 207,636,000 |
| 2026-01-01 | 218,502,100 |
Top Holders
Available reported ownership records.
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| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 15,330,789 | 6.99% | 2026-03-31 |
| Vanguard Capital Management, LLC | 8,379,238 | 3.82% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 8,051,198 | 3.67% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 5,896,928 | 2.69% | 2026-08-31 |
| UBS Group AG | 5,770,071 | 2.63% | 2026-03-31 |
| iShares Russell 2000 ETF | 5,072,875 | 2.31% | 2026-08-31 |
| Geode Capital Management, LLC | 4,872,090 | 2.22% | 2026-03-31 |
| Electron Capital Partners, LLC | 4,788,098 | 2.18% | 2026-06-30 |
| State Street Corp | 4,316,789 | 1.97% | 2026-03-31 |
| Vanguard Small Cap Index | 4,274,583 | 1.95% | 2026-08-31 |
| Royal Bank of Canada | 2,492,254 | 1.14% | 2026-03-31 |
| Vanguard MStar Small Cap Growth Indx Inv | 2,444,045 | 1.11% | 2026-08-31 |
| Fidelity Small Cap Index | 2,154,648 | 0.98% | 2026-06-30 |
| CenterBook Partners LP | 2,041,919 | 0.93% | 2026-06-30 |
| Masters Capital Management LLC | 2,000,000 | 0.91% | 2026-06-30 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Enovix generated $35.9 million in trailing twelve-month revenue through the second quarter of 2026, delivering 20.8% year-over-year quarterly growth. This top-line expansion was powered primarily by military and industrial battery shipments from its South Korean subsidiary, Routejade, alongside initial commercial shipments for smart eyewear. However, overall net losses remained elevated at negative $170 million over the trailing twelve months, reflecting heavy engineering expenses and unabsorbed factory overhead in Malaysia. True financial turnaround requires Fab2 to scale high-volume smartphone lines to turn corporate operating profit positive.
Enovix generated $35.9 million in trailing twelve-month revenue through the second quarter of 2026, delivering 20.8% year-over-year quarterly growth. This top-line expansion was powered primarily by military and industrial battery shipments from its South Korean subsidiary, Routejade, alongside initial commercial shipments for smart eyewear. However, overall net losses remained elevated at negative $170 million over the trailing twelve months, reflecting heavy engineering expenses and unabsorbed factory overhead in Malaysia. True financial turnaround requires Fab2 to scale high-volume smartphone lines to turn corporate operating profit positive.
Revenue, Net Income, and Free Cash Flow
Latest: USD 31.8M | Max: USD 31.8M | Min: USD -222.2M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability trends highlight a sharp contrast between legacy products and developing technology. While fiscal 2025 suffered from negative 86.8% gross margins due to pilot plant shutdowns, recent quarters achieved positive gross profits, recording a 14.4% GAAP gross margin in the second quarter of 2026. This improvement reflects profitable defense battery contracts, but high-volume smartphone margins remain suppressed by scrap costs and factory depreciation. Long-term gross margins cannot reach management's 30% targets until automated Malaysian assembly lines achieve sustained high manufacturing yields.
Profitability trends highlight a sharp contrast between legacy products and developing technology. While fiscal 2025 suffered from negative 86.8% gross margins due to pilot plant shutdowns, recent quarters achieved positive gross profits, recording a 14.4% GAAP gross margin in the second quarter of 2026. This improvement reflects profitable defense battery contracts, but high-volume smartphone margins remain suppressed by scrap costs and factory depreciation. Long-term gross margins cannot reach management's 30% targets until automated Malaysian assembly lines achieve sustained high manufacturing yields.
Profitability Margins
Latest: -86.8% | Max: -8.9% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
-86.8%
Gross profit / revenue
Operating Margin
-554.8%
Operating income / revenue
Net Margin
-492.6%
Net income / revenue
FCF Margin
-356.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2019-12-31 | Not reported | -16,188,000 | -12,629,000 |
| 2020-12-31 | 0 | -39,650,000 | -47,003,000 |
| 2021-12-31 | 120 | -125,874,000 | -94,890,000 |
| 2022-12-31 | 6,202,000 | -51,622,000 | -118,952,000 |
| 2023-12-31 | 263,000 | -154,094,000 | -166,431,000 |
| 2024-12-31 | 23,074,000 | -222,241,000 | -184,821,000 |
| 2025-12-31 | 31,821,000 | -156,741,000 | -113,514,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
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| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2019-12-31 | Not reported | Not reported | Not reported | Not reported |
| 2020-12-31 | Not reported | Not reported | Not reported | Not reported |
| 2021-12-31 | -1,639,166.67 | -57,935,000 | -104,895,000 | -79,075,000 |
| 2022-12-31 | -274.7 | -2,048.66 | -832.34 | -1,917.96 |
| 2023-12-31 | -16,360.84 | -62,919.39 | -58,590.87 | -63,281.75 |
| 2024-12-31 | -8.86 | -1,051.7 | -963.17 | -800.99 |
| 2025-12-31 | -86.79 | -554.83 | -492.57 | -356.73 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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