Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsLatest reported free cash flow was -$114M.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$114M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-28.
- 4 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +37.9% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-28.
- Operating margin improved
Operating margin changed +494.7 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-28.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-28
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Product$31.8M100.0%+37.7% yoy
Members sum to the consolidated $31.8M for this period.
- Asia Pacific$21.6M68.0%+67.7% yoy
- Switzerland$4.33M13.6%-9.3% yoy
- United States$2.12M6.7%+138.5% yoy
- NO$1.54M4.8%-34.8% yoy
- Other$1.18M3.7%-6.0% yoy
- Taiwan$1.02M3.2%+15.0% yoy
Members sum to the consolidated $31.8M for this period.
- Product$7.6M100.0%+49.0% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-28 · among 4,003 US-listed filers · 811 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $32M | 18thof 3,301 bottom third | 16thof 777 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 37.9% | 88thof 3,137 top third | 87thof 743 top third |
Gross margin gross profit ÷ revenue | 19.2% | 20thof 1,603 bottom third | 14thof 554 bottom third |
Operating margin operating income ÷ revenue | -557.0% | 8thof 2,819 bottom third | 5thof 751 bottom third |
Net margin net income ÷ revenue | -492.6% | 8thof 3,263 bottom third | 5thof 769 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -356.7% | 7thof 2,679 bottom third | 4thof 701 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -57.8% | 17thof 3,576 bottom third | 14thof 719 bottom third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | -14.3× | 18thof 819 bottom third | 16thof 195 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 51 days | 48thof 2,398 middle third | 64thof 711 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -8.7% | 75thof 2,278 top third | 61stof 498 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 129.7% | 5thof 1,907 bottom third | 5thof 433 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-28 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 28 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-03-31 | $305K 10-Q 2021-05-21 | $13.3M 10-Q 2022-05-18 | +4248.2% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2020-12-31 | $773K 10-Q 2021-05-21 | $29.1M 10-K 2023-03-01 | +3669.7% | first · latest · 5 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-06-30 | $143K 10-Q 2021-08-16 | $4.95M 10-Q 2022-08-16 | +3363.6% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | -$661K 10-Q 2021-08-16 | -$14.2M 10-Q 2022-08-16 | -2045.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$579K 10-Q 2021-05-21 | -$11.4M 10-Q 2022-05-18 | -1864.5% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2021-03-31 | -$490K 10-Q 2021-05-21 | -$8.61M 10-Q 2022-05-18 | -1656.1% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $5M 10-Q 2021-05-21 | $42.5M 10-Q 2022-11-04 | +750.7% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | $5M 10-Q 2021-05-21 | $36.2M 10-K 2023-03-01 | +624.3% | first · latest · 7 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-06-30 | $5M 10-Q 2021-08-16 | $30.6M 10-Q 2022-11-04 | +512.4% | first · latest · 4 filings carry it |
| Share repurchases PaymentsForRepurchaseOfCommonStock | fiscal year 2023-12-31 | $26K 10-K 2024-02-29 | $0 10-K 2026-02-25 | -100.0% | first · latest · 3 filings carry it |
| Share repurchases PaymentsForRepurchaseOfCommonStock | fiscal year 2024-12-29 | $4K 10-K 2025-02-25 | $0 10-K 2026-02-25 | -100.0% | first · latest |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$118M 10-Q 2021-08-16 | -$14.3M 10-Q 2022-11-04 | +87.9% | first · latest · 4 filings carry it |
| Total assets Assets | balance at 2020-12-31 | $231M 10-Q 2021-05-21 | $65M 10-K 2022-03-25 | -71.9% | first · latest · 4 filings carry it |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$51.4M 10-Q 2021-05-21 | -$16.2M 10-Q 2022-11-04 | +68.5% | first · latest · 6 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2022-01-02 | $995K 10-K 2022-03-25 | $1.51M 10-K 2024-02-29 | +52.3% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2023-01-01 | $7.42M 10-K 2023-03-01 | $7.97M 10-K 2025-02-25 | +7.4% | first · latest · 3 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-06-30 | 172,399,172 shares 10-Q 2024-08-05 | 183,256,633 shares 10-Q 2025-07-31 | +6.3% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-06-30 | 172,399,172 shares 10-Q 2024-08-05 | 183,256,633 shares 10-Q 2025-07-31 | +6.3% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2024-12-29 | 175,038,107 shares 10-K 2025-02-25 | 186,039,616 shares 10-K 2026-02-25 | +6.3% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-03-30 | 191,304,975 shares 10-Q 2025-05-02 | 203,328,890 shares 10-Q 2026-05-14 | +6.3% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2023-12-31 | 159,065,697 shares 10-K 2024-02-29 | 169,063,306 shares 10-K 2026-02-25 | +6.3% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-09-29 | 176,680,578 shares 10-Q 2024-10-30 | 187,785,319 shares 10-Q 2025-11-05 | +6.3% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2024-12-29 | 175,038,107 shares 10-K 2025-02-25 | 186,039,616 shares 10-K 2026-02-25 | +6.3% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-03-30 | 191,304,975 shares 10-Q 2025-05-02 | 203,328,890 shares 10-Q 2026-05-14 | +6.3% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-09-29 | 176,872,382 shares 10-Q 2024-10-30 | 187,977,123 shares 10-Q 2025-11-05 | +6.3% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2023-12-31 | 159,575,555 shares 10-K 2024-02-29 | 169,573,164 shares 10-K 2026-02-25 | +6.3% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2023-04-02 | $3.46M 10-Q 2023-05-05 | $3.6M 10-Q 2024-05-07 | +4.1% | first · latest |
| Total liabilities Liabilities | balance at 2020-12-31 | $27.9M 10-Q 2021-08-16 | $28.7M 10-K 2022-03-25 | +3.0% | first · latest · 3 filings carry it |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for ENVX yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.