EVLV · Evolv Technologies Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.33M | - | $42.85M | $32.54M | $32.01M | - | $27.36M | $25.54M | $21.67M | - |
| Cost of Revenue | $22.73M | - | $21.54M | $16.33M | $12.86M | - | $11.55M | $11.07M | $9.90M | - |
| Gross Profit | $23.60M | - | $21.31M | $16.22M | $19.15M | - | $15.81M | $14.47M | $11.77M | - |
| R&D | $5.88M | - | $5.61M | $4.74M | $4.86M | - | $5.81M | $5.72M | $6.21M | - |
| SG&A | $13.52M | - | $12.58M | $17.24M | $14.97M | - | $13.98M | $14.19M | $11.84M | - |
| Total Operating Expenses | $32.07M | - | $29.90M | $33.71M | $33.54M | - | $34.96M | $36.80M | $34.05M | - |
| D&A | $6.80M | - | $6.50M | $5.80M | $5.53M | - | $4.60M | $4.00M | $3.47M | - |
| Operating Income | ($8.47M) | - | ($8.60M) | ($17.49M) | ($14.39M) | - | ($19.15M) | ($22.33M) | ($22.28M) | - |
| Interest Expense | $962.0K | - | $713.0K | $0 | $0 | - | $0 | $0 | $0 | - |
| Income Tax | ($37.0K) | - | $0 | ($1.0K) | $63.0K | - | $0 | $0 | $0 | - |
| Net Income | ($5.01M) | - | ($1.80M) | ($40.53M) | ($1.69M) | - | ($30.44M) | $3.46M | ($11.64M) | - |
| EPS - Basic | ($0.03) | - | ($0.01) | ($0.25) | ($0.01) | - | ($0.19) | $0.02 | ($0.08) | - |
| EPS - Diluted | ($0.03) | - | ($0.01) | ($0.25) | ($0.01) | - | ($0.19) | $0.02 | ($0.08) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $56.08M | $49.15M | $31.50M | $36.94M | $25.09M | $37.02M | $46.03M | $35.70M | $44.60M | $67.16M |
| Accounts Receivable | $42.71M | $30.84M | $48.88M | $41.80M | $34.48M | $28.39M | $34.85M | $36.43M | $22.03M | $22.61M |
| Inventory | $8.26M | $9.32M | $8.77M | $12.14M | $10.06M | $16.96M | $16.28M | $18.60M | $11.01M | $9.51M |
| Accounts Payable | $17.09M | $9.77M | $4.72M | $11.80M | $7.12M | $10.49M | $8.62M | $5.57M | $15.58M | $17.40M |
| Current Assets | $151.98M | $151.30M | $151.64M | $133.08M | $103.77M | $121.45M | $134.40M | $137.90M | $141.80M | $175.84M |
| Total Assets | $304.64M | $304.41M | $304.29M | $280.42M | $255.98M | $268.06M | $278.47M | $268.52M | $282.26M | $298.72M |
| Current Liabilities | $125.86M | $122.98M | $119.35M | $142.89M | $94.40M | $96.71M | $89.47M | $79.41M | $79.92M | $82.05M |
| Long-term Debt | $28.66M | $28.60M | $0 | - | - | $0 | - | - | - | $0 |
| Total Liabilities | $183.97M | $184.99M | $202.05M | $187.77M | $134.92M | $150.41M | $149.48M | $115.44M | $140.67M | $152.40M |
| Stockholders' Equity | $120.67M | $119.42M | $102.24M | $92.65M | $121.06M | $117.65M | $128.99M | $153.07M | $141.59M | $146.32M |
| Retained Earnings | ($392.81M) | ($387.80M) | ($398.68M) | ($396.89M) | ($356.35M) | ($354.66M) | ($338.94M) | ($306.65M) | ($310.11M) | ($298.46M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.18M) | - | - | - | ($2.54M) | - | - | - | ($16.08M) | - |
| Investing Cash Flow | $9.76M | - | - | - | ($9.36M) | - | - | - | ($6.79M) | - |
| Financing Cash Flow | $322.0K | - | - | - | $20.0K | - | - | - | $302.0K | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 50.9% | - | 49.7% | 49.8% | 59.8% | - | 57.8% | 56.7% | 54.3% | - |
| Operating margin | -18.3% | - | -20.1% | -53.8% | -45.0% | - | -70.0% | -87.4% | -102.8% | - |
| EBITDA margin | -3.6% | - | -4.9% | -35.9% | -27.7% | - | -53.2% | -71.8% | -86.8% | - |
| Net margin | -10.8% | - | -4.2% | -124.6% | -5.3% | - | -111.3% | 13.6% | -53.7% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | 12.7% | - | 13.1% | 14.6% | 15.2% | - | 21.2% | 22.4% | 28.6% | - |
| SG&A / Revenue | 29.2% | - | 29.4% | 53.0% | 46.8% | - | 51.1% | 55.5% | 54.6% | - |
| Effective tax rate | - | - | - | - | - | - | - | 0.0% | - | - |
| Return on assets | -1.6% | - | -0.6% | -14.5% | -0.7% | - | -10.9% | 1.3% | -4.1% | - |
| Return on equity | -4.2% | - | -1.8% | -43.8% | -1.4% | - | -23.6% | 2.3% | -8.2% | - |
| Return on invested capital | -4.5% | - | -6.6% | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.21 | 1.23 | 1.27 | 0.93 | 1.10 | 1.26 | 1.50 | 1.74 | 1.77 | 2.14 |
| Quick ratio | 1.14 | 1.15 | 1.20 | 0.85 | 0.99 | 1.08 | 1.32 | 1.50 | 1.64 | 2.03 |
| Cash ratio | 0.45 | 0.40 | 0.26 | 0.26 | 0.27 | 0.38 | 0.51 | 0.45 | 0.56 | 0.82 |
| Leverage | ||||||||||
| Debt / Equity | 0.24 | 0.24 | 0.00 | - | - | 0.00 | - | - | - | 0.00 |
| Debt / Assets | 0.09 | 0.09 | 0.00 | - | - | 0.00 | - | - | - | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -8.8x | - | -12.1x | - | - | - | - | - | - | - |
| Equity multiplier | 2.52 | 2.55 | 2.98 | 3.03 | 2.11 | 2.28 | 2.16 | 1.75 | 1.99 | 2.04 |
| Liabilities / Assets | 0.60 | 0.61 | 0.66 | 0.67 | 0.53 | 0.56 | 0.54 | 0.43 | 0.50 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.14 | 0.12 | 0.13 | - | 0.10 | 0.10 | 0.08 | - |
| Inventory turnover | 2.75 | - | 2.46 | 1.34 | 1.28 | - | 0.71 | 0.59 | 0.90 | - |
| Days sales outstanding | 337d | - | 416d | 469d | 393d | - | 465d | 521d | 371d | - |
| Days inventory outstanding | 133d | - | 149d | 271d | 285d | - | 514d | 614d | 406d | - |
| Days payable outstanding | 274d | - | 80d | 264d | 202d | - | 272d | 184d | 575d | - |
| Cash conversion cycle | 195d | - | 485d | 476d | 477d | - | 707d | 950d | 202d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | 127.5x | - | - |
| P / B | 8.9x | - | 12.8x | 11.1x | 4.1x | - | 5.0x | 2.9x | 4.8x | - |
| P / S | 23.1x | - | 30.4x | 31.7x | 15.7x | - | 23.3x | 17.1x | 31.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 44.7% | - | 56.6% | 27.4% | 47.7% | - | 35.5% | 28.8% | 16.6% | - |
| Revenue CAGR (3y) | 35.6% | - | 37.4% | 53.1% | 54.3% | - | 48.4% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 23.2% | - | 34.8% | 12.1% | 62.7% | - | 38.8% | 95.2% | 147.1% | - |
| Operating income growth (YoY) | 41.1% | - | 55.1% | 21.7% | 35.4% | - | 5.4% | 5.5% | 0.9% | - |
| Net income growth (YoY) | -196.6% | - | 94.1% | - | 85.5% | - | - | - | 59.3% | - |
| EPS growth (YoY) | -200.0% | - | 94.7% | - | 87.5% | - | - | - | 60.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -0.3% | 1.5% | -20.7% | -39.5% | -14.5% | -19.6% | -17.4% | 6.2% | -30.5% | -35.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$145.91M totalReportable Segment$145.91M · 100.0%
Product / service
$186.33M totalSubscription And Circulation$83.84M · 45.0%
Saa SMaintenance And Other$29.38M · 15.8%
Service$29.38M · 15.8%
Product$21.64M · 11.6%
License Fee And Other Revenue$11.05M · 5.9%
License Fee$8.07M · 4.3%
Professional Services And Other Revenue$2.98M · 1.6%
Geographic
$145.91M totalUS$140.65M · 96.4%
Non Us$5.25M · 3.6%
Peer comparison
Same SIC group: Computer Peripheral Equipment, NEC
Comparing Evolv Technologies Holdings against the 5 most active filers in the same SIC group.