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Enovix Overview
About Enovix
Enovix Corp is engaged in designing, developing, manufacturing, and commercializing Lithium-ion, or Li-ion, battery cells. It uses BreakFlow and Encapsulation technologies to manufacture high capacity and resilient batteries. The company's product portfolio comprises power disc batteries, flexible lithium-ion polymer batteries, superior lithium-ion polymer batteries, active silicon lithium-ion cells, and others. Geographically, the company generates maximum revenue from its customers in South Korea, followed by Switzerland, the United States, Norway, Taiwan, and other regions.
Founded
2020
HQ
Employees
664
Website
Financials (LTM)
EV
$1B
Enovix Financials
Enovix reported last 12-month revenue of $34M and negative EBITDA of ($87M).
In the same LTM period, Enovix generated $6M in gross profit, ($87M) in EBITDA losses, and had net loss of ($162M).
Revenue (LTM)
Enovix P&L
In the most recent fiscal year, Enovix reported revenue of $32M and EBITDA of ($87M).
Enovix expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $34M | XXX | $32M | XXX | XXX | XXX |
| Gross Profit | $6M | XXX | $6M | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 19% | XXX | XXX | XXX |
| EBITDA | ($87M) | XXX | ($87M) | XXX | XXX | XXX |
| EBITDA Margin | (252%) | XXX | (272%) | XXX | XXX | XXX |
| EBIT Margin | (507%) | XXX | (557%) | XXX | XXX | XXX |
| Net Profit | ($162M) | XXX | ($157M) | XXX | XXX | XXX |
| Net Margin | (471%) | XXX | (493%) | XXX | XXX | XXX |
| Net Debt | — | — | $423M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Enovix Stock Performance
Enovix has current market cap of $1B, and enterprise value of $1B.
Market Cap Evolution
Enovix's stock price is $6.62.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $1B | 0.0% | XXX | XXX | XXX | $-0.72 |
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Start Free TrialEnovix Valuation Multiples
Enovix trades at 42.5x EV/Revenue multiple, and (16.9x) EV/EBITDA.
EV / Revenue (LTM)
Enovix Financial Valuation Multiples
As of April 20, 2026, Enovix has market cap of $1B and EV of $1B.
Equity research analysts estimate Enovix's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Enovix has a P/E ratio of (8.9x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 42.5x | XXX | 46.1x | XXX | XXX | XXX |
| EV/EBITDA | (16.9x) | XXX | (16.9x) | XXX | XXX | XXX |
| EV/EBIT | (8.4x) | XXX | (8.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 236.7x | XXX | 240.2x | XXX | XXX | XXX |
| P/E | (8.9x) | XXX | (9.2x) | XXX | XXX | XXX |
| EV/FCF | (12.3x) | XXX | (14.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Enovix Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Enovix Margins & Growth Rates
Enovix's revenue in the last 12 month grew by 91%.
Enovix's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.3M for the same period.
Enovix's rule of 40 is (187%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Enovix's rule of X is (146%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Enovix Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 91% | XXX | 28% | XXX | XXX | XXX |
| EBITDA Margin | (252%) | XXX | (272%) | XXX | XXX | XXX |
| EBITDA Growth | (5%) | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (187%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (146%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 248% | XXX | 274% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 279% | XXX | 347% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 576% | XXX | XXX | XXX |
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Enovix Public Comps
See public comps and valuation multiples for other Electrical Parts & Equipment and Energy Storage comps.
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Enovix M&A Activity
Enovix acquired XXX companies to date.
Last acquisition by Enovix was on XXXXXXXX, XXXXX. Enovix acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Enovix
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialEnovix Investment Activity
Enovix invested in XXX companies to date.
Enovix made its latest investment on XXXXXXXX, XXXXX. Enovix invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Enovix
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Enovix
| When was Enovix founded? | Enovix was founded in 2020. |
| Where is Enovix headquartered? | Enovix is headquartered in United States. |
| How many employees does Enovix have? | As of today, Enovix has over 664 employees. |
| Who is the CEO of Enovix? | Enovix's CEO is Raj Talluri. |
| Is Enovix publicly listed? | Yes, Enovix is a public company listed on Nasdaq. |
| What is the stock symbol of Enovix? | Enovix trades under ENVX ticker. |
| When did Enovix go public? | Enovix went public in 2021. |
| Who are competitors of Enovix? | Enovix main competitors are Cembre, T1 Energy, Energizer, De Nora. |
| What is the current market cap of Enovix? | Enovix's current market cap is $1B. |
| What is the current revenue of Enovix? | Enovix's last 12 months revenue is $34M. |
| What is the current revenue growth of Enovix? | Enovix revenue growth (NTM/LTM) is 91%. |
| What is the current EV/Revenue multiple of Enovix? | Current revenue multiple of Enovix is 42.5x. |
| Is Enovix profitable? | No, Enovix is not profitable. |
| What is the current EBITDA of Enovix? | Enovix has negative EBITDA and is not profitable. |
| What is Enovix's EBITDA margin? | Enovix's last 12 months EBITDA margin is (252%). |
| What is the current EV/EBITDA multiple of Enovix? | Current EBITDA multiple of Enovix is (16.9x). |
| What is the current FCF of Enovix? | Enovix's last 12 months FCF is ($119M). |
| What is Enovix's FCF margin? | Enovix's last 12 months FCF margin is (345%). |
| What is the current EV/FCF multiple of Enovix? | Current FCF multiple of Enovix is (12.3x). |
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