Enovix (ENVX) Cost of Revenue (2021 - 2026)
Enovix (ENVX) recorded Cost of Revenue of $7.72 million in Q2 2026, up 39.7% from $5.53 million a year earlier and up 27.7% from the prior quarter.
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Analysis
Enovix (ENVX) Cost of Revenue (2021 - 2026) Analysis & Trends
On a TTM basis, Enovix's Cost of Revenue came in at $29.12 million as of Jul 5, 2026, up 21.4% year-over-year; for FY2025, it was $25.72 million, up 2.4% from FY2024.
- Annual Cost of Revenue has a five-year compound annual growth rate of 50.1% (FY2020 to FY2025).
- Across earlier years, Cost of Revenue came in at $25.12 million in FY2024 (-60.2%), $63.06 million in FY2023 (+171.4%) and $23.24 million in FY2022.
- Quarterly Cost of Revenue has ranged from $4.42 million in Q2 2024 to $21.39 million in Q4 2022 over the past five years.
- On a year-over-year basis, Cost of Revenue has increased for five consecutive quarters, with an average decline of 4.3% over the last eight quarters.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 39.7% in Q2 2026, against a decline of 70.5% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $6.05 million (Q1 2026), $8.76 million (Q4 2025) and $6.59 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 216.95 Bn | 178.02 Bn | 2.36 Bn | 8.74 Bn |
| 2 | Bloom Energy | 57.07 Bn | 47.00 Bn | 417.10 Mn | 818.73 Mn |
| 3 | First Solar | 18.48 Bn | 9.43 Bn | 605.00 Mn | 451.19 Mn |
| 4 | Nextpower | 11.96 Bn | 7.86 Bn | 335.85 Mn | 599.32 Mn |
| 5 | BWX Technologies | 11.65 Bn | 9.95 Bn | 202.31 Mn | 699.32 Mn |
| 6 | Generac Holdings | 11.03 Bn | 9.86 Bn | 521.81 Mn | 651.70 Mn |
| 7 | EnerSys | 6.03 Bn | 4.22 Bn | 313.36 Mn | 622.28 Mn |
| 8 | Enphase Energy | 4.18 Bn | -683.79 Mn | 175.01 Mn | 116.84 Mn |
| 9 | Mirion Technologies | 3.62 Bn | 1.51 Bn | 133.10 Mn | 133.70 Mn |
| 10 | Enovix | 611.56 Mn | -1.46 Bn | 1.30 Mn | 7.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 5, 2026 | 7.72 Mn |
| Apr 5, 2026 | 6.05 Mn |
| Dec 28, 2025 | 8.76 Mn |
| Sep 28, 2025 | 6.59 Mn |
| Jun 29, 2025 | 5.53 Mn |
| Mar 30, 2025 | 4.84 Mn |
| Dec 29, 2024 | 8.67 Mn |
| Sep 29, 2024 | 4.96 Mn |
| Jun 30, 2024 | 4.42 Mn |
| Mar 31, 2024 | 7.07 Mn |
| Dec 31, 2023 | 19.77 Mn |
| Oct 1, 2023 | 16.81 Mn |
| Jul 2, 2023 | 14.24 Mn |
| Apr 2, 2023 | 12.25 Mn |
| Jan 1, 2023 | 21.39 Mn |
| Oct 2, 2022 | 6.63 Mn |
| Jul 3, 2022 | 5.74 Mn |
| Apr 3, 2022 | 515,000.00 |
| Oct 3, 2021 | 104,000.00 |
| Jun 30, 2021 | 112,000.00 |
API Access
Enovix Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ENVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ENVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ENVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();