Income Statement Question – How can Net income be higher than EBIT?


I've been researching companies and started looking at Enovix's income statement. https://www.macrotrends.net/stocks/charts/ENVX/enovix/income-statement?freq=Q

In the latest quarter results, they have Net Income being higher than EBIT and EBITA being higher than Net Income. How is this possible? Isn't Net Income after all expenses, deductions and interest taken into account? So EBIT should always be higher than Net Income, no? I'm confused by this.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *