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Companies / Technology / Enovix Corp
ENVX

Enovix Corp

TechnologyElectronic Equipment
Ticker ENVXFREMONT, CAFiscal year ends DecemberBook value per share $0.96Diluted shares 217.9M

Enovix Corporation (NASDAQ: ENVX) is a global high-performance battery company focused on designing, developing, manufacturing, and commercializing advanced lithium-ion batteries with proprietary silicon-anode architectures for smartphones, smart eyewear, defense, industrial, and emerging edge-AI applications. The… From the company’s description.

Fiscal year 2025 · ends 12-28Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-07-05
Sales & profitability
$31.82M
+37.9% year over year
Last 12 mo $35.88M
-557.03%
+494.7 percentage points
Last 12 mo -496.54%
$-156.61M
+29.6% year over year
Last 12 mo $-170.15M
-57.79%
+15.2 percentage points
Last 12 mo -80.99%
Cash & financing
$-95.29M
+12.3% year over year
Last 12 mo $-107.38M
$-113.51M
+38.6% year over year
Last 12 mo $-124.20M
1.95
Was 0.73× a year earlier
Last 12 mo 2.53
207.6M
+18.6% year over year
Last 12 mo 217.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Enovix Corp does

In the company’s own words

Enovix Corporation (NASDAQ: ENVX) is a global high-performance battery company focused on designing, developing, manufacturing, and commercializing advanced lithium-ion batteries with proprietary silicon-anode architectures for smartphones, smart eyewear, defense, industrial, and emerging edge-AI applications. The company's website is www.enovix.com.

The company's core innovation centers on a fundamentally different battery cell architecture based on stacking rather than the traditional rolled "Jelly Roll" design that has dominated the industry for over three decades. This proprietary 3D physical design accommodates a 100% active silicon anode without graphite, enabling significantly higher energy density and storage capacity compared to conventional lithium-ion batteries. Enovix's architecture uniquely solves four technical challenges associated with silicon anodes: formation expansion, formation efficiency, cycle swelling, and cycle life limitations. The company has demonstrated volumetric energy density of 935 watt-hours per liter in its AI-1 smartphone battery platform, exceeding leading commercially available alternatives.

Enovix operates as a single reportable segment with manufacturing and research and development activities conducted primarily across three geographic locations: Malaysia, South Korea, and India, while corporate functions and certain sales and engineering activities are based in the United States. The company operates three manufacturing lines at its Fab2 facility in Penang, Malaysia, including a research and development pilot line, the Agility line, and a high-volume manufacturing line. Additionally, the company operates four automated battery production lines and two electrode coating lines through its South Korean operations acquired via the Routejade acquisition in 2023.

The company's product portfolio includes the AI-1 platform designed for next-generation mobile smartphones and smart eyewear, as well as conventional lithium-ion batteries for wearables, medical devices, and defense and industrial equipment. Enovix's defense and industrial products serve applications including unmanned aerial systems, subsea equipment, and mission-critical devices. The company holds approximately 75 issued U.S. patents and 153 issued foreign patents, with additional pending applications, primarily covering battery architecture, secondary batteries, and related structures and materials.

Company details
Sector
Technology
Industry
Electronic Equipment
Headquarters
FREMONT, CA
Fiscal year end
December
CIK
1828318
SIC
3690

Financial performance, year by year

Fiscal 2022–2025 · USD
$-248.38M$-170.85M$-93.33M$-15.80M$61.72M2022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Enovix Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

140
funds hold it
0 of 35
superinvestors hold it
$239.83M
held by funds, at market
17.0%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Enovix Corp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Enovix Corp’s bonds, as funds hold them

Funds report holding 2 issues of Enovix Corp’s debt, $35.43M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.74%, maturing 2028 to 2030.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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