v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jul. 05, 2026
Dec. 28, 2025
Current assets:    
Cash and cash equivalents $ 33,741 $ 106,014
Short-term investments 442,040 406,026
Accounts receivable, net 3,097 4,421
Notes receivable, net 0 4,012
Inventory 17,520 13,617
Prepaid expenses and other current assets 9,342 8,120
Total current assets 505,740 542,210
Property and equipment, net 165,155 170,263
Long-term investments 74,430 106,810
Customer relationship intangibles and other intangibles, net 29,168 31,638
Operating lease, right-of-use assets 8,639 11,682
Goodwill 12,217 12,217
Other assets, non-current 4,270 4,155
Total assets 799,619 878,975
Current liabilities:    
Accounts payable 12,173 17,818
Accrued expenses 11,456 13,992
Accrued compensation 7,560 6,219
Short-term debt 10,593 9,865
Deferred revenue 3,710 5,015
Warrant liability 0 6,578
Other liabilities 6,618 5,529
Total current liabilities 52,110 65,016
Long-term debt, net 520,994 519,271
Operating lease liabilities, non-current 5,893 11,244
Deferred revenue, non-current 300 300
Deferred tax liability 8,320 9,119
Other liabilities, non-current 13 14
Total liabilities 587,630 604,964
Commitments and Contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.0001 par value; authorized shares of 1,000,000,000; issued and outstanding shares of $219,195,932 and $216,556,238 as of July 5, 2026 and December 28, 2025, respectively 23 22
Additional paid-in-capital 1,328,872 1,307,912
Treasury stock, at cost (58,385) (58,385)
Accumulated other comprehensive loss (1,415) (508)
Accumulated deficit (1,059,150) (977,827)
Total Enovix’s stockholders’ equity 209,945 271,214
Non-controlling interest 2,044 2,797
Total equity 211,989 274,011
Total liabilities and equity $ 799,619 $ 878,975