ENVXEnovix Corp
Miscellaneous Electrical Machinery, Equipment & Supplies
- Revenue
- $32M
- 38% YoY
- Operating margin
- -557.0%
- 47% YoY
- EBITDA
- −$142M
- 28% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$34M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired155% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-61% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | — | $0 | $8M | $23M | $32M | 38% |
| Operating income | — | −$70M | −$230M | −$243M | −$177M | 27% |
| Net income | — | −$126M | −$214M | −$222M | −$157M | 29% |
| Operating cash flow | — | −$51M | −$105M | −$109M | −$95M | 12% |
| Capex | — | $44M | $62M | $76M | $18M | 76% |
| Stock-based comp | — | $11M | $69M | $59M | $49M | 16% |
| Buybacks | — | $27K | $0 | $0 | $58M |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 37 | 126 |
| FY2024 | — | — | 55 | 88 |
| FY2023 | — | — | 61 | 73 |
| FY2022 | — | — | 134 | 113 |