Enovix (ENVX) Operating Expenses (2020 - 2026)
Enovix's (ENVX) quarterly Operating Expenses came in at $44.6 million in Q3 2026, down 2.36% on a YoY basis from $45.7 million in Q3 2025, and down 1.87% quarter-over-quarter from $45.4 million in Q2 2026.
Analysis
Enovix (ENVX) Operating Expenses (2020 - 2026) Analysis & Trends
Enovix (ENVX) has reported Operating Expenses for 7 consecutive years, with $44.6 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Expenses fell 2.36% year-over-year to $44.6 million; the trailing twelve-month figure through Jul 2026 stood at $184.9 million (up 7.08% YoY), and the FY2025 full-year result was $183.4 million, down 23.8% from the prior year.
- Operating Expenses fell to $44.6 million in Q3 2026 per ENVX's latest filing, from $45.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $88.1 million in Q2 2024 and bottomed at $24.6 million in Q2 2022.
- Historically, Operating Expenses has averaged $46.7 million across 5 years, with a median of $45.6 million in 2025.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 133.97% in 2024, then tumbled 48.15% in 2025.
- Over 5 years, Operating Expenses stood at $27.1 million in 2022, then soared by 93.62% to $52.4 million in 2023, then tumbled by 32.11% to $35.6 million in 2024, then jumped by 30.7% to $46.5 million in 2025, then retreated by 4.07% to $44.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $44.6 million, $45.4 million, and $46.5 million for Q3 2026, Q2 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | EnerSys | 6.54 Bn | 6.01 Bn | 313.36 Mn | 151.24 Mn |
| 2 | QuantumScape | 3.20 Bn | 3.20 Bn | - | 106.13 Mn |
| 3 | Eos Energy Enterprises | 1.35 Bn | 1.00 Bn | -48.80 Mn | 35.01 Mn |
| 4 | Fluence Energy | 1.34 Bn | 769.30 Mn | 33.24 Mn | 63.04 Mn |
| 5 | Energy Vault Holdings | 752.49 Mn | 645.13 Mn | 5.38 Mn | 30.04 Mn |
| 6 | Enovix | 689.37 Mn | 689.37 Mn | 1.30 Mn | 44.60 Mn |
| 7 | Amprius Technologies | 436.15 Mn | 361.63 Mn | 9.28 Mn | 13.58 Mn |
| 8 | Electrovaya | 257.13 Mn | 244.05 Mn | 6.19 Mn | 1.07 Mn |
| 9 | Microvast Holdings | 215.82 Mn | 72.70 Mn | 25.78 Mn | 27.51 Mn |
| 10 | Ses Ai | 176.50 Mn | 176.50 Mn | 1.15 Mn | 20.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 5, 2026 | 44.60 Mn |
| Apr 5, 2026 | 45.45 Mn |
| Dec 28, 2025 | 46.49 Mn |
| Sep 28, 2025 | 48.37 Mn |
| Jun 29, 2025 | 45.68 Mn |
| Mar 30, 2025 | 42.82 Mn |
| Dec 29, 2024 | 35.57 Mn |
| Sep 29, 2024 | 48.63 Mn |
| Jun 30, 2024 | 88.10 Mn |
| Mar 31, 2024 | 68.34 Mn |
| Dec 31, 2023 | 52.39 Mn |
| Oct 1, 2023 | 33.77 Mn |
| Jul 2, 2023 | 37.65 Mn |
| Apr 2, 2023 | 51.02 Mn |
| Jan 1, 2023 | 72.03 Mn |
| Oct 2, 2022 | 27.06 Mn |
| Jul 3, 2022 | 27.39 Mn |
| Apr 3, 2022 | 24.60 Mn |
| Oct 3, 2021 | 19.09 Mn |
| Jun 30, 2021 | 14.07 Mn |