Filing Flows › Enovix (ENVX) › Q3 2025
Enovix (ENVX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Enovix (ENVX) reported revenue of $8.0M for the third quarter 2025 (Q3 2025), +85% from a year earlier and +7% from the quarter before. Operating margin was -587.9%, net loss $53.8M (673.0% of revenue).
Enovix, Q3 2025: revenue $8.0M (+85% year over year), operating margin -587.9%, net loss $53.8M, operating cash flow −$25.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.0M | +7% | +85% |
| Operating profit | −$47.0M | — | — |
| Net earnings | −$53.8M | — | — |
| Operating cash flow | −$25.5M | — | — |
What changed
Revenue was $8.0M in Q3 2025, up 85% year over year and up 7% from the previous quarter.
Gross margin was 17.5%. Operating costs exceeded revenue by $47.0M, an operating margin of -587.9%. The fastest-growing cost line was Research & development (+16%). The quarter ended with a net loss of $53.8M, wider than the previous quarter's $44.3M loss. Minority interests bore $56K of it: to shareholders the quarter was a loss of $53.7M.
Operating cash flow was −$25.5M. Non-cash charges added back $9.4M of depreciation and amortization and $11.8M of share-based compensation. Working capital and other items added $7.0M. Capital expenditures of $3.0M exceeded it, leaving free cash flow of −$28.5M.
Questions
What was Enovix's revenue in the third quarter 2025?
Enovix (ENVX) reported revenue of $8.0M for the third quarter 2025 (Q3 2025), +85% from a year earlier and +7% from the quarter before.
Was Enovix profitable in the third quarter 2025?
Operating loss was $47.0M (-587.9% of revenue) and net loss $53.8M.
Source: Enovix 10-Q on SEC EDGAR.