Enovis CORP
Business
Enovis Corporation is a medical technology company that develops, manufactures, and distributes medical devices for reconstructive surgery, rehabilitation, pain management, and physical therapy. The company offers orthopedic bracing, bone growth stimulators, joint replacement implants, surgical instrumentation, and related products across the continuum of patient care. Enovis operates through two reportable segments—Prevention & Recovery and Reconstructive—serving orthopedic specialists, surgeons, and healthcare professionals in the U.S., Europe, and the Asia-Pacific region through direct sales and independent distributors.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 2,248 | 2,108 | 1,707 | 1,563 | 1,426 | |
| Cost of sales | 903 | 927 | 716 | 694 | 649 | |
| Gross profit | 1,345 | 1,181 | 991 | 869 | 778 | |
| Selling, general and administrative expense | 1,070 | 1,027 | 830 | 773 | 666 | |
| Research and development expense | 120 | 91 | 75 | 61 | 49 | |
| Amortization of acquired intangibles | 174 | 166 | 134 | 126 | 117 | |
| Purchase of royalty interest | 46 | 0 | 0 | — | — | |
| Restructuring and other charges | 10 | 27 | 17 | 17 | 9 | |
| Goodwill impairment | 1,050 | 645 | 0 | 0 | — | |
| Operating loss | −1,124 | −776 | −66 | −71 | −63 | |
| Interest expense, net | 35 | 57 | 20 | 24 | 29 | |
| Debt extinguishment charges | 0 | 0 | 7 | 20 | 30 | |
| Other (income) expense, net | 367,000 | −10 | −26 | −2 | 0 | |
| Loss from continuing operations before income taxes | −1,159 | −823 | −67 | −2 | −122 | |
| Income tax expense (benefit) | 22 | 4 | −13 | 36 | −20 | |
| Net loss from continuing operations | −1,182 | −827 | −54 | −38 | −102 | |
| Income (loss) from discontinued operations, net of taxes | −2 | 3 | 21 | 26 | 179 | |
| Net loss | −1,184 | −825 | −33 | −12 | 76 | |
| Less: net income attributable to noncontrolling interest from continuing operations - net of taxes | 820,000 | 679,000 | 530,000 | 567,000 | 1 | |
| Net loss attributable to Enovis Corporation | −1,184 | −825 | −33 | −13 | 72 | |
| Continuing operations - basic (in usd per share) | −20.72 | −14.98 | −1 | −0.72 | −2.02 | |
| Discontinued operations - basic | −0.03 | 0.05 | 0.39 | 0.47 | 3.42 | |
| Consolidated operations - basic | −20.75 | −14.93 | −0.61 | −0.25 | 1.4 | |
| Continuing operations - diluted (in usd per share) | −20.72 | −14.98 | −1 | −0.72 | −2.02 | |
| Discontinued operations - diluted | −0.03 | 0.05 | 0.39 | 0.47 | 3.42 | |
| Consolidated operations - diluted | −20.75 | −14.93 | −0.61 | −0.25 | 1.4 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 36 | 48 | 36 | 24 | 680 | |
| Trade receivables, less allowance for credit losses of $25,609 and $24,466 | 443 | 407 | 291 | 267 | 255 | |
| Inventories, net | 584 | 547 | 469 | 427 | 356 | |
| Prepaid expenses | 42 | 36 | 29 | 29 | 26 | |
| Other current assets | 101 | 108 | 71 | 48 | 29 | |
| Total current assets | 1,207 | 1,146 | 897 | 795 | 2,303 | |
| Property, plant and equipment, net | 507 | 405 | 271 | 237 | 235 | |
| Goodwill | 718 | 1,693 | 2,061 | 1,984 | 1,934 | |
| Intangible assets, net | 1,237 | 1,317 | 1,127 | 1,111 | 1,154 | |
| Lease asset - right of use | 72 | 69 | 64 | 67 | 76 | |
| Other assets | 93 | 89 | 90 | 80 | 75 | |
| Total assets | 3,835 | 4,719 | 4,509 | 4,273 | 8,516 | |
| Current portion of long-term debt | 35 | 20 | 0 | 219 | 8 | |
| Accounts payable | 188 | 179 | 132 | 136 | 155 | |
| Accrued liabilities | 376 | 330 | 237 | 210 | 225 | |
| Total current liabilities | 598 | 529 | 370 | 565 | 1,024 | |
| Long-term debt, less current portion | 1,262 | 1,309 | 466 | 40 | 2,079 | |
| Non-current lease liability | 58 | 52 | 49 | 51 | 57 | |
| Other liabilities | 425 | 264 | 204 | 167 | 122 | |
| Total liabilities | 2,343 | 2,154 | 1,089 | 823 | 3,854 | |
| Common stock, $0.001 par value; 133,333,333 shares authorized; 57,194,781 and 55,876,517 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 57,000 | 56,000 | 55,000 | 54,000 | 52,000 | |
| Additional paid-in capital | 3,048 | 2,973 | 2,901 | 2,926 | 4,544 | |
| Accumulated deficit | −1,467 | −283 | 542 | 576 | 589 | |
| Accumulated other comprehensive loss | −91 | −128 | −25 | −53 | −516 | |
| Total Enovis Corporation equity | 1,490 | 2,562 | 3,418 | 3,448 | 4,617 | |
| Noncontrolling interest | 2 | 2 | 2 | 2 | 44 | |
| Total equity | 1,492 | 2,564 | 3,421 | 3,450 | 4,661 | |
| Total liabilities and equity | 3,835 | 4,719 | 4,509 | 4,273 | 8,516 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Goodwill and asset impairment | 1,050 | 650 | 0 | 0 | — | |
| Depreciation and amortization | 294 | 285 | 217 | 220 | 263 | |
| Stock-based compensation expense | 33 | 30 | 34 | 39 | 35 | |
| Non-cash interest expense | 7 | 5 | 3 | 4 | 5 | |
| Fair value gain on contingency shares | 2 | −20 | 0 | 0 | — | |
| Unrealized loss (gain) on currency hedges | 0 | 11 | −24 | 0 | 0 | |
| Deferred income tax expense (benefit) | −2 | −10 | −27 | 6 | −22 | |
| (Gain) loss on sale of property, plant and equipment | 1 | 1 | −15 | 352,000 | −3 | |
| Trade receivables, net | −11 | −57 | −16 | −45 | −111 | |
| Inventories, net | −12 | 39 | −25 | −119 | −130 | |
| Accounts payable | −1 | 14 | −7 | −12 | 178 | |
| Other operating assets and liabilities | 39 | −10 | 20 | −46 | 45 | |
| Net cash provided by operating activities | 217 | 114 | 135 | −56 | 356 | |
| Purchases of property, plant and equipment and intangibles | −197 | −181 | −122 | −105 | −104 | |
| Proceeds from sale of property, plant and equipment | 0 | 0 | 33 | 3 | 7 | |
| Payments for acquisitions, net of cash received, and investments | −27 | −770 | −153 | −74 | −223 | |
| Proceeds from sale of business, net | 43 | 0 | 0 | — | — | |
| Cash received (paid) for settlement of derivative | 2 | −5 | 0 | — | — | |
| Net cash used in investing activities | −179 | −955 | −242 | −176 | −320 | |
| Proceeds from borrowings on term credit facility | 335 | 400 | 0 | 450 | 0 | |
| Repayments of borrowings under term credit facility | −24 | −20 | −219 | −785 | 0 | |
| Proceeds from borrowings on revolving credit facilities and other | 209 | 992 | 455 | 65 | 991 | |
| Repayments of borrowings on revolving credit facilities and other | −557 | −513 | −478 | −635 | −418 | |
| Proceeds from borrowings on senior unsecured convertible notes | 0 | 0 | 460 | 0 | 0 | |
| Payment of debt issuance costs | −7 | −703,000 | −26 | −3 | 0 | |
| Proceeds from issuance of common stock, net | 1 | 2 | 2 | 6 | 745 | |
| Payment of capped call transactions | 0 | 0 | −62 | 0 | 0 | |
| Payments of tax withholding for stock-based awards | −4 | −5 | 0 | 0 | — | |
| Deferred consideration payments and other | −7 | −9 | −4 | −8 | −10 | |
| Net cash provided by (used in) financing activities | −52 | 847 | 128 | −465 | 585 | |
| Effect of foreign exchange rates on Cash and cash equivalents | 3 | −2 | 219,000 | 2 | −2 | |
| Increase (decrease) in Cash and cash equivalents and restricted cash | −12 | 3 | 21 | −695 | 618 | |
| Interest payments | 27 | 52 | 16 | 37 | 85 | |
| Income tax payments, net | 18 | 11 | 13 | 31 | 47 | |
| Common stock issued for acquisition, net of issuance costs | 44 | 46 | 0 | 0 | 286 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Enovis CORP's CIK number?
Enovis CORP's SEC CIK number is 0001420800 (1420800). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Enovis CORP's SEC filings?
All of Enovis CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Enovis CORP last report earnings?
Enovis CORP (ENOV) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001420800-26-000017). This is Enovis CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is Enovis CORP's most recent earnings 8-K?
Enovis CORP's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001420800-26-000017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Enovis CORP's latest earnings 8-K →
Look up any company's CIK number →