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Enovix Corporation (ENVX)

Nasdaq: ENVX · Miscellaneous Electrical Machinery, Equipment & Supplies · Fremont, CA · filing with the SEC since 2020
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Grade5.0
◀ Past 5.9● Present 4.0▶ Future 5.3
1 est.
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The grade of Enovix Corporation

Nine metrics read from its own filings, by tense
Headline grade
5.0/10
◀ Past5.930% of the headline
● Present4.040% of the headline
▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.9/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
4.9/10

Has it survived what it has been through?

3 warning events since 2020; the latest 2021-07-19.

weight 33% of this tense · 49th percentile among 43 sector filers · read for itself

From the record

Enovix Corporation's filings since 2020 show 3 warning events of 3 kinds: a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-04-27); an auditor change (8-K item 4.01, the latest 2021-07-19); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-17) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.1/10

What has it actually done, year after year?

6 filed years; profitable in 0 of 6.

weight 45% of this tense · 71st percentile among 35 sector filers · read for its customers

From the record

Enovix Corporation's 6 filed years say what it did: it rose in 3 of 3 years; it never fell from a peak; net income was positive in 0 of 6 of those years (its annual reports).

What it rests on

  • the share of years revenue rosetop 6% of its family
  • the share of filed years with a profitbottom 26% of its family
  • the deepest fall from a revenue peak0.0%top 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
4.9/10

How has it treated the people who own it?

SI estimate 4.9/10, confidence 35 of 100 (one part).

weight 22% of this tense · 49th percentile among 39 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 49% of 39 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 39 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Enovix Corporation's shareholder treatment is put at 4.9 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 49% of 39 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.0/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
3.9/10

Is it financially healthy right now?

ROE -58%: lost 58¢ per shareholder dollar. Leverage 69%: owes 69¢ per asset dollar.

weight 45% of this tense · 38th percentile among 39 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-28, Enovix Corporation lost about 58 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 69 cents per dollar of assets, and net share issuance: its share count grew 11.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 48% of its family
  • return on equitybottom 43% of its family
  • gross profit against assetsbottom 19% of its family
  • the share count against the year beforebottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.6/10

How strong is its position in its industry?

bottom 46% of 39 in its family; net margin -492.6%.

weight 33% of this tense · 46th percentile among 39 sector filers · read for its customers

From the record

Enovix Corporation's standing among 39 graded names in its industry family: revenue of $32 million in fiscal 2025 ranks in the bottom 40% by size; a net margin of -492.6% ranks in the bottom 12%; revenue growth of 72.8% a year over the last 3 filed years ranks in the top 14% (its annual reports).

What it rests on

  • revenue against the family$31.8Mbottom 40% of its family
  • net margin-492.6%bottom 12% of its family
  • three-year revenue growth72.8%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
3.6/10

What are the people in charge doing?

bottom 36% of 24 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 36th percentile among 24 sector filers · read for its shareholders

From the record

Enovix Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Benton, Ryan A (Interim CEO, as filed), filing under that title since 2026-09-01, 2 months (bottom 2% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 4 years (top 43%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (top 50%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 13 peopletop 50% of its family
  • the median years the people in charge have filed4.0 yearstop 43% of its family
  • the chief executive's years on the record2 monthsbottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.9/10

How much room does it have to grow?

bottom 38% of 39 in its family for room to expand.

weight 45% of this tense · 38th percentile among 39 sector filers · read for itself

From the record

Enovix Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $108 million against debt of $519 million leaves -46.8% of its assets as net cash, bottom 9% of its family; cash from operations less capital spending is -356.7% of revenue (bottom 12%); a gross margin of 19.2% (bottom 41%); research spending of 346.7% of revenue (top 8%) (its annual report).

What it rests on

  • cash less debt against assets-46.8%bottom 9% of its family
  • cash from operations less capital spending against revenue-356.7%bottom 12% of its family
  • gross margin19.2%bottom 41% of its family
  • research spending against revenue346.7%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.5/10

What could actually drive growth from here?

top 35% of 35 in its family for growth drivers.

weight 33% of this tense · 65th percentile among 35 sector filers · read for its customers

From the record

Enovix Corporation's growth drivers, from the filed years to fiscal 2025: the newest year grew 38.1% (top 24%); research spending grew 24% a year (top 22%); capital spending grew -20.5% a year (bottom 41%) (its annual reports). Enovix Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • the newest year's revenue growth38.1%top 24% of its family
  • three-year growth of research spending24.0%top 22% of its family
  • three-year growth of capital spending-20.5%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.2/10

Did its newest year beat what its own record pointed to?

top 38% of 35 in its family for expectations against reality.

weight 22% of this tense · 62nd percentile among 35 sector filers · read for its shareholders

From the record

Enovix Corporation's newest year against its own record: revenue of $32 million in fiscal 2025 came in 28.7% below the $45 million its prior three years' pace pointed to (bottom 30% of its family); net income of $157 million against a prior three-year average of $163 million (top 39%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 4%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-28.7%bottom 30% of its family
  • net income against the prior three years' average+4%top 39% of its family
  • net margin against its prior averageup more than 100 pointstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ENVX · research, not advice