Enovix (ENVX) Cost of Revenue (2021 - 2026)
Enovix's (ENVX) quarterly Cost of Revenue came in at $7.7 million in Q3 2026, up 39.74% on a YoY basis from $5.5 million in Q3 2025, and up 27.68% quarter-over-quarter from $6.0 million in Q2 2026.
Analysis
Enovix (ENVX) Cost of Revenue (2021 - 2026) Analysis & Trends
Enovix (ENVX) has reported Cost of Revenue for 6 consecutive years, with $7.7 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Cost of Revenue rose 39.74% year-over-year to $7.7 million; the trailing twelve-month figure through Jul 2026 stood at $29.1 million (up 21.41% YoY), and the FY2025 full-year result was $25.7 million, up 2.38% from the prior year.
- Cost of Revenue climbed to $7.7 million in Q3 2026 per ENVX's latest filing, from $6.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $21.4 million in Q1 2023 and bottomed at $515000.0 in Q2 2022.
- Historically, Cost of Revenue has averaged $9.0 million across 5 years, with a median of $6.9 million in 2022.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue soared 6274.04% in 2022, then slumped 70.5% in 2024.
- Over 5 years, Cost of Revenue stood at $6.6 million in 2022, then soared by 198.22% to $19.8 million in 2023, then slumped by 56.17% to $8.7 million in 2024, then rose by 1.14% to $8.8 million in 2025, then slipped by 11.89% to $7.7 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $7.7 million, $6.0 million, and $8.8 million for Q3 2026, Q2 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.55 Bn | 6.02 Bn | 313.36 Mn | 538.65 Mn |
| 2 | QuantumScape | 3.24 Bn | 3.24 Bn | - | - |
| 3 | Eos Energy Enterprises | 1.43 Bn | 1.08 Bn | -48.80 Mn | 117.58 Mn |
| 4 | Fluence Energy | 1.40 Bn | 839.06 Mn | 33.24 Mn | 616.61 Mn |
| 5 | Energy Vault Holdings | 765.84 Mn | 658.49 Mn | 5.38 Mn | 11.99 Mn |
| 6 | Enovix | 694.81 Mn | 694.81 Mn | 1.30 Mn | 7.72 Mn |
| 7 | Amprius Technologies | 459.10 Mn | 384.58 Mn | 9.28 Mn | 24.75 Mn |
| 8 | Electrovaya | 266.51 Mn | 253.42 Mn | 6.19 Mn | 11.53 Mn |
| 9 | Microvast Holdings | 223.05 Mn | 79.92 Mn | 25.78 Mn | 61.48 Mn |
| 10 | Ses Ai | 179.33 Mn | 179.33 Mn | 1.15 Mn | 3.93 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 |