Enovix (ENVX) Research & Development (2020 - 2026)
Enovix's Research & Development came in at $24.44 million for Q2 2026, down 13.2% from $28.15 million a year earlier and down 7.9% from the prior quarter.
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Analysis
Enovix (ENVX) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 5, 2026, Enovix reported Research & Development of $107.23 million, up 6.4% year-over-year; for FY2025, it was $110.33 million, down 11.4% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 50.2% (FY2020 to FY2025).
- Going back by year, Research & Development was $124.51 million in FY2024 (+40.9%), $88.39 million in FY2023 (+52.3%) and $58.05 million in FY2022.
- The Q2 2026 figure represents the lowest quarterly Research & Development since Q4 2024.
- Year-over-year, Research & Development increased in four of the last eight quarters, with growth averaging 3.1%.
- The fastest year-over-year change in Research & Development over five years came in Q1 2024 (growth of 105.4%), and the weakest in Q1 2025 (a decline of 46.9%).
- Business Quant data shows ENVX's Research & Development at $26.53 million (Q1 2026), $28.07 million (Q4 2025) and $28.18 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Enovix | 635.67 Mn | 637.71 Mn | 1.30 Mn | 24.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 5, 2026 | 24.44 Mn |
| Apr 5, 2026 | 26.53 Mn |
| Dec 28, 2025 | 28.07 Mn |
| Sep 28, 2025 | 28.18 Mn |
| Jun 29, 2025 | 28.15 Mn |
| Mar 30, 2025 | 25.93 Mn |
| Dec 29, 2024 | 22.43 Mn |
| Sep 29, 2024 | 24.22 Mn |
| Jun 30, 2024 | 29.07 Mn |
| Mar 31, 2024 | 48.79 Mn |
| Dec 31, 2023 | 34.58 Mn |
| Oct 1, 2023 | 13.51 Mn |
| Jul 2, 2023 | 16.55 Mn |
| Apr 2, 2023 | 23.75 Mn |
| Jan 1, 2023 | 32.64 Mn |
| Oct 2, 2022 | 13.95 Mn |
| Jul 3, 2022 | 15.83 Mn |
| Apr 3, 2022 | 12.73 Mn |
| Oct 3, 2021 | 10.30 Mn |
| Jun 30, 2021 | 9.52 Mn |
API Access
Enovix Research & Development 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=research-and-development&ticker=ENVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=ENVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();