Enovix (ENVX) Tax Provisions (2023 - 2026)
Enovix (ENVX) reported Tax Provisions of -$129000.0 for Q2 2026, up 20.37% on a YoY basis from -$107169.2 in Q2 2025, and down 196.99% quarter-over-quarter from $133000.0 in Q4 2025.
Enovix (ENVX) Tax Provisions (2023 - 2026) Analysis & Trends
Enovix has reported Tax Provisions for 4 years, with the latest figure at -$129000.0 in Q2 2026.
- For the quarter ending Q2 2026, Tax Provisions rose 20.37% year-over-year to -$129000.0; the trailing twelve-month figure through Apr 2026 stood at -$1.3 million (up 8.77% YoY), and the FY2025 full-year result was -$1.3 million, up 5.75% from the prior year.
- Tax Provisions for Q2 2026 stood at -$129000.0, down from $133000.0 in the prior quarter.
- The five-year high for Tax Provisions was $2.2 million in Q3 2024, with the low at -$4.6 million in Q2 2024.
- Historically, Tax Provisions has averaged -$346600.0 across 4 years, with a median of -$157000.0 in 2024.
- Annual changes were most pronounced in 2024 — Tax Provisions jumped 281.99% — and 2025, when it plunged 119.23%.
- Enovix's Tax Provisions stood at -$633000.0 in 2023, then jumped by 281.99% to $1.2 million in 2024, then tumbled by 88.45% to $133000.0 in 2025, then slumped by 196.99% to -$129000.0 in 2026.
- The last three Tax Provisions figures came in at -$129000.0 (Q2 2026), $133000.0 (Q4 2025), and -$422000.0 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Novonix | 479.97 Bn | 479.92 Bn | - | - |
| 2 | Vertiv Holdings | 114.69 Bn | 112.19 Bn | 999.70 Mn | 48.20 Mn |
| 3 | Bloom Energy | 79.53 Bn | 77.06 Bn | 225.54 Mn | 400,000.00 |
| 4 | nVent Electric | 27.08 Bn | 26.89 Bn | 445.60 Mn | 36.50 Mn |
| 5 | Hubbell | 26.67 Bn | 26.16 Bn | 505.30 Mn | 53.40 Mn |
| 6 | Advanced Energy Industries | 13.19 Bn | 13.19 Bn | 200.90 Mn | 2.70 Mn |
| 7 | Powell Industries | 10.63 Bn | 10.09 Bn | 87.94 Mn | 15.90 Mn |
| 8 | Ballard Power Systems | 10.07 Bn | 9.54 Bn | 5.64 Mn | 27,000.00 |
| 9 | Acuity Inc. (De) | 9.39 Bn | 9.12 Bn | 520.40 Mn | 26.10 Mn |
| 10 | Enovix | 1.46 Bn | 1.46 Bn | 1.55 Mn | -129,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 5, 2026 | -129,000.00 |
| Dec 28, 2025 | 133,000.00 |
| Sep 28, 2025 | -422,000.00 |
| Jun 29, 2025 | -861,000.00 |
| Mar 30, 2025 | -162,000.00 |
| Dec 29, 2024 | 1.15 Mn |
| Sep 29, 2024 | 2.19 Mn |
| Jun 30, 2024 | -4.59 Mn |
| Mar 31, 2024 | -152,000.00 |
| Dec 31, 2023 | -633,000.00 |