ENVX (Enovix) Total Operating Expense: $185.99 Mil (TTM As of Mar. 2026)


ENVX Enovix Corp ENVX
43 GF Score
Price $6.06
GF Value $18.15
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Enovix Total Operating Expense?

Enovix ENVX -4.19% 43 Total Operating Expense is $185.99 Mil as of Mar. 2026. GuruFocus rates ENVX with a GF Score™ of 43/100 and a GF Value™ of $18.15 (Possible Value Trap). The stock has 3 warning signs investors should review.

Enovix's Total Operating Expense for the three months ended in Mar. 2026 was $45.45 Mil. Enovix's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $185.99 Mil.

Enovix Total Operating Expense Related Terms

Enovix Total Operating Expense Historical Data

* Premium members only.

The historical data trend for Enovix's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enovix Total Operating Expense Chart

Enovix Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial 67.56 110.02 167.41 198.82 183.36

Enovix Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.82 45.68 48.37 46.49 45.45
ENVX
43GF Score
Enovix Corp ENVX
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enovix Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $185.99 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $185.99 Mil mean?
Enovix (ENVX) has a Total Operating Expense of $185.99 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Enovix and its competitors.
Is Enovix's Total Operating Expense too high?
Enovix's current Total Operating Expense is $185.99 Mil. Overall, Enovix has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Enovix's Total Operating Expense compare to PLPC and ENR?
Enovix's Total Operating Expense of $185.99 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for an Industrial Products company?
A good Total Operating Expense depends on the Industrial Products industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Enovix and its competitors. Enovix's current Total Operating Expense is $185.99 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enovix stock overvalued right now?
Based on GuruFocus' analysis, Enovix (ENVX) is currently considered Possible Value Trap. The stock's GF Value™ is $18.15, compared to a current price of $6.06 — trading 66.6% below its estimated fair value. The current Total Operating Expense is $185.99 Mil. Enovix's overall GF Score™ is 43/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Enovix (ENVX), the current Total Operating Expense is $185.99 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Enovix (ENVX) Overvalued in 2026?

Based on GuruFocus' analysis, Enovix stock appears to be undervalued. The current stock price of $6.06 is trading 66.6% below its estimated GF Value™ of $18.15. GuruFocus considers Enovix to be Possible Value Trap.

Key valuation signals for ENVX:

  • Total Operating Expense: $185.99 Mil
  • GF Value™: $18.15 vs. price of $6.06 (66.6% below fair value)
  • GF Score™: 43/100 with 3 warning signs

No single metric tells the full story. See the ENVX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Enovix Business Description

Other Exchanges 1ENVX:Italy6Q81:Germany
Address 3501 W Warren Avenue, Fremont, CA, USA, 94538
Enovix Corp is engaged in designing, developing, manufacturing, and commercializing Lithium-ion, or Li-ion, battery cells. It uses BreakFlow and Encapsulation technologies to manufacture high capacity and resilient batteries. The company's product portfolio comprises power disc batteries, flexible lithium-ion polymer batteries, superior lithium-ion polymer batteries, active silicon lithium-ion cells, and others. Geographically, the company generates maximum revenue from its customers in South Korea, followed by Switzerland, the United States, Norway, Taiwan, and other regions.
43GF Score

Get the complete analysis for ENVX

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.06
Price
$18.15
GF Value