Filing Flows › Enovix (ENVX) › Q1 2025
Enovix (ENVX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Enovix (ENVX) reported revenue of $5.1M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -48% from the quarter before. Operating margin was -834.8%, net loss $23.5M (461.6% of revenue).
Enovix, Q1 2025: revenue $5.1M (-3% year over year), operating margin -834.8%, net loss $23.5M, operating cash flow −$16.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1M | -48% | -3% |
| Operating profit | −$42.6M | — | — |
| Net earnings | −$23.5M | — | — |
| Operating cash flow | −$16.9M | — | — |
What changed
Revenue was $5.1M in Q1 2025, down 3% year over year and down 48% from the previous quarter.
Gross margin was 5.1%. Operating costs exceeded revenue by $42.6M, an operating margin of -834.8%. The quarter ended with a net loss of $23.5M, narrower than the previous quarter's $37.5M loss. Minority interests bore $21K of it: to shareholders the quarter was a loss of $23.5M. Non-operating items added $18.9M, -80% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$16.9M. Non-cash charges added back $8.4M of depreciation and amortization and $12.0M of share-based compensation. Working capital and other items used $13.8M. Capital expenditures of $6.3M exceeded it, leaving free cash flow of −$23.2M.
Questions
What was Enovix's revenue in the first quarter 2025?
Enovix (ENVX) reported revenue of $5.1M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -48% from the quarter before.
Was Enovix profitable in the first quarter 2025?
Operating loss was $42.6M (-834.8% of revenue) and net loss $23.5M.
Source: Enovix 10-Q on SEC EDGAR.