Enovix Corp balance sheet
At the end of fiscal 2025, Enovix Corp had total assets of $879m, total liabilities of $605m and shareholders' equity of $271m. It held $106m in cash against $533m of debt.
Balance sheet
| Fiscal year | 2020Dec 2020 | 2021Jan 2022 | 2022Jan 2023 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | 29 | 385 | 323 | 233 | 273 | 106 | 34 |
| Receivables | — | 0 | 0 | 1 | 5 | 4 | 3 |
| Inventory | — | 0 | 1 | 9 | 8 | 14 | 18 |
| Total current assets | 33 | 398 | 330 | 323 | 295 | 542 | 506 |
| Goodwill | — | — | 0 | 12 | 12 | 12 | 12 |
| Total assets | 65 | 483 | 441 | 564 | 527 | 879 | 800 |
| Accounts payable | 2 | 3 | 7 | 21 | 9 | 18 | 12 |
| Deferred revenue (current) | 5 | 6 | 0 | 7 | 4 | 5 | 4 |
| Total current liabilities | 11 | 21 | 23 | 61 | 54 | 65 | 52 |
| Short-term debt | — | — | 0 | 6 | 9 | 10 | 11 |
| Long-term debt | — | — | 0 | 169 | 170 | 519 | 521 |
| Total debt | 0 | 0 | 0 | 176 | 179 | 533 | 533 |
| Total liabilities | 29 | 156 | 84 | 303 | 278 | 605 | 588 |
| Shareholders' equity | 36 | 326 | 356 | 258 | 247 | 271 | 210 |
| Shares outstanding | 100m | — | 157m | 167m | 191m | 217m | 219m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 2 | 5 | 3 | 4 | 5 | 4 | 4 | 3 |
| Inventory | 10 | 8 | 10 | 13 | 15 | 14 | 16 | 18 |
| Total current assets | 224 | 295 | 270 | 228 | 589 | 542 | 558 | 506 |
| Goodwill | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Total assets | 448 | 527 | 499 | 469 | 914 | 879 | 834 | 800 |
| Accounts payable | 15 | 9 | 21 | 14 | 21 | 18 | 15 | 12 |
| Deferred revenue (current) | 6 | 4 | 7 | 8 | 8 | 5 | 4 | 4 |
| Total current liabilities | 59 | 54 | 58 | 52 | 61 | 65 | 51 | 52 |
| Short-term debt | 12 | 9 | 10 | 10 | 10 | 10 | 9 | 11 |
| Long-term debt | 169 | 170 | 169 | 169 | 518 | 519 | 520 | 521 |
| Total debt | 180 | 179 | 180 | 180 | 528 | 529 | 530 | 532 |
| Total liabilities | 278 | 278 | 261 | 262 | 617 | 605 | 591 | 588 |
| Shareholders' equity | 168 | 247 | 235 | 204 | 294 | 271 | 241 | 210 |
| Shares outstanding | 178m | 191m | 192m | 193m | 215m | 217m | 218m | 219m |
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