Enovix Corporation
ENVXIndustrialsNASDAQElectrical Equipment & Parts
Scan Results
Daily timeframeEnovix Corporation designs, develops, and manufactures lithium-ion battery cells in the United States and internationally. Valued at $1.03B, ENVX is a small-cap name in its sector. It serves wearables and IoT, smartphone, computing, electrical vehicles, and original equipment manufacturers.
Market Cap
$1.03B
Beta
2.25
P/E (TTM)
—
P/E (Fwd)
-8.24
EPS (TTM)
$-0.81
EPS (Fwd)
$-0.57
ROE
-71.3%
ROA
-16.7%
Cash
$528.7M
Total Debt
$543.8M
Free CF
-$72.1M
52W Change
-69.6%
Annual Financials
Cash vs Debt
On the balance sheet, ENVX has $528.7M in cash with $543.8M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow is running at -$72.1M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -71.3%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $6.2M (2022) to $31.8M (2025), reflecting a 413% increase over the period.
A beta of 2.25 means ENVX is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing ENVX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.