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Companies / Industrials / Enovix Corp
ENVX

Enovix Corp

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

Enovix Corporation (Nasdaq: ENVX) designs, develops, manufactures and commercializes lithium-ion batteries, including cells with a proprietary architecture that uses a 100% active silicon anode and is designed for compact, high-performance devices. Its products target smartphone, smart eyewear, defense, industrial and… From the company’s description.

Over the twelve months to Jul 5, 2026, Enovix Corp reported revenue of $35.88M, up 34.9% from a year earlier, and a net loss of $170.15M. Its operating margin was −496.5%, and operations used $107.38M in cash. In fiscal 2025, it reported revenue of $31.82M, up 37.9% from fiscal 2024, and a net loss of $156.61M.

Fiscal year 2025 · ends 12-28Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-07-05
Sales & profitability
$31.82MFY2025
+37.9% year over year
Last 12 mo $35.88M
-557.03%FY2025
+494.7 percentage points
Last 12 mo -496.54%
$-156.61MFY2025
+29.6% year over year
Last 12 mo $-170.15M
-57.79%FY2025
+15.2 percentage points
Last 12 mo -80.99%
Cash & financing
$-95.29MFY2025
+12.3% year over year
Last 12 mo $-107.38M
$-113.51MFY2025
+38.6% year over year
Last 12 mo $-124.20M
1.95FY2025
Was 0.73× a year earlier
Last 12 mo 2.53
207.6MFY2025
+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) designs, develops, manufactures and commercializes lithium-ion batteries, including cells with a proprietary architecture that uses a 100% active silicon anode and is designed for compact, high-performance devices. Its products target smartphone, smart eyewear, defense, industrial and other edge-AI applications, with sales and development programs serving device manufacturers and other OEMs and ODMs. The AI-1 platform is designed for AI-enabled smartphones, smart eyewear and related devices; its South Korean operations also produce conventional lithium-ion cells and battery packs for wearable, medical, industrial, aviation and defense customers. Product lines include the Power Disk, Flexible Lithium-ion Polymer Battery, Asymmetric Designed Battery and Superior Lithium-ion Polymer Battery series. Enovix operates as one reportable segment and manufactures primarily in Malaysia and South Korea, with research and development activities also in India. The company acquired South Korean battery manufacturer Routejade in 2023, adding electrode coating, battery-pack assembly and conventional battery products. For fiscal 2025, revenue was $ million. Its website is https://www.enovix.com.

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

Financial performance, year by year

Fiscal 2021–2025 · USD
$-248.38M$-170.85M$-93.33M$-15.80M$61.72M20212022202320242025Last 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

Put this business in context.

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