Company / R&D Expense
Enovix Corp R&D Expense History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$110.3M
FY2025
5-year range
$37.9M / $124.5M
FY2021-FY2025
Trend
-11.4%
vs FY2024
Sector context
#71 of 174
Industrials
What the data says
At $110M, Enovix Corp's r&d expense ranks #71 of 174 in the Industrials sector. R&D Expense has fluctuated over the past 6 years, ranging from $14M in FY2020 to $125M in FY2024.
Based on SEC 10-K filings.
$110M in FY2025 with a 5-year CAGR of +50.2%.
Improved from $38M to $110M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +23.9%
- 5-Year CAGR
- +50.2%
- 10-Year CAGR
- -
Sector benchmark
#71 of 174 in IndustrialsTop 41% of 174This company $110.3M Sector average $273.7M
▼
-59.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +50.2%, indicating consistent growth.
- In FY2025, r&d expense decreased 11.4% year-over-year.
- Ranks #71 out of 174 companies in the Industrials sector.
- Peak r&d expense was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score -0.96 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $110.3M | -11.4% |
| FY2024 | $124.5M | +228.9% |
| FY2023 | $37.9M | -34.8% |
| FY2022 | $58.1M | +53.4% |
| FY2021 | $37.9M | +162.1% |
| FY2020 | $14.4M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026