10-Q quarterly report · filed Nov 5, 2025

Enovix Corp (ENVX) Q3 2025 10-Q Quarterly Report

Short answer

Enovix Corp (ENVX) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 28, 2025. Quarterly revenue was $8M (up 85.1% year over year) with net income of −$54M.

Q3 2025 key financials · XBRL

Revenue
$8M
+85.1% YoY · +7.0% QoQ
Net income
−$54M
−138.3% YoY · −20.6% QoQ
Operating margin
-587.9%
Gross margin
17.5%
EPS (diluted)
−$0.26
−116.7% YoY · −23.8% QoQ

Source: XBRL data from the Enovix Corp (ENVX) Q3 2025 10-Q on SEC EDGAR. USD.

Enovix Corp Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New geopolitical and trade risks from 2025 U.S. administration actions increasing uncertainty in trade policies affecting international ops
  • Most material update: expanded international footprint with new South Korea manufacturing facility raising operational and regulatory complexity
  • Regulatory risk: exposure to tariffs, trade restrictions, and protectionist measures that may increase component costs and disrupt supply chains
  • Operational risk: reliance on Malaysia-based third-party manufacturer under amended 10-year agreement with minimum purchase commitments creates fixed cost burden
  • Financial risk: ongoing liquidity concerns with historical losses and need to meet substantial debt service and potential capital raises for growth

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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