Enovix Corporation

ENVXNASDAQIndustrials● Active

$7.32

+$0.04(+0.55%)

Market Cap$1.6B

P/E Ratio—

52W High$16.49

52W Low$4.615

Avg Volume6.7M

Open$7.63

Beta2.21

Free Cash Flow Financials Revenue

Enovix Corporation (ENVX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ENVX · free cash flow · updated Jun 9, 2026

Core FCF metrics

ENVX · FCF · TTM · margin & CAGR

Free cash flow was −$113.5M for FY2025 (fiscal year ending 2025-12-28), up 38.6% year-over-year The FCF margin was -356.7%.

FY2025 Free Cash Flow−$113.5M▲ +38.6% YoY

Trailing 12M (TTM)−$126.6Mtrailing 4 quarters sum

FCF Margin-356.7%−$113.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ENVX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$95.3M(18M)−$113.5M▲ +38.6%-356.7%

FY2024−$108.6M(76M)−$184.8M▼ 11.0%-801.0%

FY2023−$104.6M(62M)−$166.4M▼ 39.9%—

FY2023−$82.7M(36M)−$119.0M▼ 24.8%—

FY2022−$51.7M(44M)−$95.3M▼ 102.7%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ENVX · P/FCF · FCF yield · FCF per share

Enovix Corporation (ENVX) reported negative free cash flow of −$0.11B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-28

Cash flow statement summary

ENVX · cash flow statement · operating / investing / financing

For FY2025, Enovix Corporation generated −$95.3M in operating cash flow and spent 18M in capital expenditures, yielding −$113.5M in free cash flow.

Operating Activities

−$95.3M

Cash from core business operations

2025-12-28

Investing Activities

−$538.3M

CapEx, acquisitions & investments

2025-12-28

Financing Activities

+$467.4M

Buybacks, dividends & debt

2025-12-28

FCF FormulaOperating CF (−$95.3M) − |CapEx| (18M) = FCF (−$113.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

ENVX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Enovix CorporationYOU

ENVX

−$113.5M+38.6%-356.7%

Loss

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Enovix Corporation (ENVX) reported free cash flow of −$113.5M for FY2025 (fiscal year ending 2025-12-28), up 38.6% year-over-year. The FCF margin was -356.7%.

Enovix Corporation has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 7 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ENVX free cash flow · 8 questions

Enovix Corporation free cash flow was −$113.5M for FY2025, up 38.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$126.6M.

ENVX free cash flowENVX FCFENVX FCF 2025ENVX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Enovix Corporation · Enovix Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026