The Tip Desk

Enovix Corp

Company Stats

Market Cap
$636.4M
as of Sep 30, 2026
Enterprise Value
$1.1B
Shares Outstanding
219.4M
Free Float
81.2%

Income Statement

Revenue
$31.8M
Operating Income
-$177.3M
Net Income
-$156.7M
EBITDA
-$142.1M
FCF Margin, 3Y Avg
-1111.7%
FCF Margin, Worst Year
-2177.3%

Cash Flow

Free Cash Flow
-$113.5M
FCF Yield
-17.8%
Owner FCF Yield
-25.6%

Balance Sheet

Cash & Equivalents
$106.0M
Total Debt
$533.0M
Net Debt
$426.9M

Returns & Capital

Share Repurchases
$58.4M
Buyback Yield, 3Y Avg
3.1%
SBC, 3Y Avg
$59.2M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$31.8M-$113.5M-356.7%
FY2024$23.1M-$184.8M-801.0%
FY2023$7.6M-$166.4M-2177.3%
FY2023$6.2M-$119.0M-1918.0%
FY2022$0-$94.9M—

Annual filing data through FY ended December 28, 2025; shares and float as of November 5, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage