)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Enovix (ENVX) investor relations material
Enovix Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Q3 2025 revenue grew 85% year-over-year to $8.0 million, driven by defense, IoT, and smartphone programs, with significant progress in smart eyewear and validation of the AI1 smartphone battery as industry-leading in energy density.
Non-GAAP gross profit reached $1.7 million (21% margin), reversing a prior-year loss, and adjusted EBITDA loss improved by $2.3 million year-over-year.
Secured $648 million in cash and marketable securities through warrant exercises and a $360 million convertible note offering, supporting Fab II build-out, manufacturing expansion, and strategic initiatives.
Expanded manufacturing capacity in Malaysia and South Korea, integrated new assets, and welcomed new board member and Head of India to support global scaling.
Delivered over 1,000 battery packs to a smart eyewear customer, expanded defense customer base, and executed share repurchases totaling $58 million.
Financial highlights
Q3 2025 revenue: $8.0 million, up 85% year-over-year, with non-GAAP gross margin at 21% and GAAP gross margin at 18%.
Non-GAAP operating expenses: $31.5 million; non-GAAP loss from operations: $29.8 million; adjusted EBITDA loss: $21.4 million.
Non-GAAP net loss per share: $0.14, a $0.02 improvement year-over-year.
Cash, cash equivalents, and marketable securities: $648 million at quarter-end.
Weighted average shares outstanding: 206.8 million (diluted) for Q3 2025.
Outlook and guidance
Q4 2025 revenue expected between $9.5–$10.5 million, with non-GAAP loss from operations forecasted at $30–$33 million and non-GAAP net loss per share between $0.16–$0.20.
Q4 capital expenditures projected at $9–$12 million, mainly for Fab II and NPI line in Korea.
2026 revenue expected to be back-weighted, following customer qualification and product launches.
Management expects continued operating losses in the near term as manufacturing scale-up and R&D investments continue.
Guidance excludes impacts from tax law changes, asset impairments, and certain legal matters.
Al-1 smartphone commercial launch timeline
Fab2 HVM readiness and total capacity
Impact of debt on path to positive cash flow?
Describe the Honor 1000-cycle chemistry change.
Fab2 Zone 4 throughput impact on future CapEx?
M&A focus areas to accelerate commercialization?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Enovix earnings date
Q4 202519 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Enovix Corporation designs, develops, and manufactures advanced lithium-ion batteries with a focus on high energy density and safety features. The company's batteries are used in markets such as consumer electronics, wearable devices, and electric vehicles. Enovix leverages proprietary 3D cell architecture to enhance battery performance. The company is headquartered in Fremont, California, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage