Evolv Technologies Holdings, Inc. (EVLV) Financial Statements
Industry: Computer Peripheral Equipment (Other)
In fiscal 2025, Evolv Technologies reported revenue of $145.9M, up 40.5% from $103.9M the year before. Net income was -$33.1M (a -22.7% net margin), or -$0.20 per diluted share. Gross margin was 51.6% and operating margin was -33.2%. Operating activities generated $18.7M of cash, leaving $18.7M of free cash flow. At fiscal year end, Evolv Technologies held $304.4M in total assets against $185.0M in total liabilities, including $49.1M of cash and equivalents.
Open the full interactive Evolv Technologies financials → Quarterly statements, key ratios, valuation history and price charts.
Evolv Technologies Key Stats
| Share Price | $4.27 |
|---|---|
| Market Cap | $769.0M |
| Revenue YoY Growth | +40.5% |
| 52-Week Range | $4.27 – $8.30 |
| Shares Outstanding | 180.1 million (basic, 2026 Q2) |
Evolv Technologies Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $23.7M | $55.2M | $80.4M | $103.9M | $145.9M |
| Cost of Goods Sold | $12.5M | — | — | — | — |
| Gross Profit | $6.6M | $1.7M | $33.8M | $59.3M | $75.3M |
| Operating Income | -$54.1M | -$102.6M | -$88.3M | -$82.3M | -$48.5M |
| Pre-Tax Income | -$10.9M | -$86.4M | -$106.2M | -$54.0M | -$33.1M |
| Income Tax | $0 | $0 | $51,000 | $0 | $62,000 |
| Net Income | -$10.9M | -$86.4M | -$106.3M | -$54.0M | -$33.1M |
| Diluted EPS | -$0.15 | -$0.60 | -$0.71 | -$0.34 | -$0.20 |
Evolv Technologies Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $42.9M | $38.5M | $46.3M | $43.8M |
| Net Income | -$1.8M | $10.9M | -$5.0M | -$9.3M |
| Diluted EPS | -$0.01 | $0.06 | -$0.03 | -$0.05 |
Evolv Technologies Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $307.5M | $229.8M | $67.2M | $37.0M | $49.1M |
| Current Assets | $333.7M | $292.6M | $175.8M | $121.4M | $151.3M |
| Total Assets | $363.1M | $348.1M | $298.7M | $268.1M | $304.4M |
| Current Liabilities | $24.4M | $59.1M | $82.0M | $96.7M | $123.0M |
| Total Long-Term Debt | $9.9M | $29.7M | — | — | $28.6M |
| Total Liabilities | $72.2M | $121.1M | $152.4M | $150.4M | $185.0M |
| Shareholders' Equity | $290.8M | $227.0M | $146.3M | $117.7M | $119.4M |
Evolv Technologies Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$69.6M | -$74.7M | -$9.8M | -$30.9M | $18.7M |
| Cash From Investing | -$4.7M | -$23.9M | -$123.1M | -$1.4M | -$41.8M |
| Cash From Financing | $377.8M | $20.5M | -$29.7M | $1.8M | $35.4M |
| Free Cash Flow | -$73.3M | — | — | -$30.9M | $18.7M |
Figures from Evolv Technologies' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Evolv Technologies financials page for every line item.
Evolv Technologies Company Profile
| Ticker | EVLV |
|---|---|
| Exchange | Nasdaq |
| Industry | Computer Peripheral Equipment (Other) |
| Headquarters | Waltham, Massachusetts |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0001805385 |
Frequently Asked Questions
What was Evolv Technologies' revenue in fiscal 2025?
Evolv Technologies (EVLV) reported revenue of $145.9M for fiscal 2025.
What is Evolv Technologies' annual revenue history?
Evolv Technologies' annual revenue by fiscal year: 2021: $23.7M; 2022: $55.2M; 2023: $80.4M; 2024: $103.9M; 2025: $145.9M.
What was Evolv Technologies' net income in fiscal 2025?
Evolv Technologies reported net income of -$33.1M for fiscal 2025.
What was Evolv Technologies' earnings per share (EPS) in fiscal 2025?
Evolv Technologies' diluted EPS was -$0.20 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Evolv Technologies generate in fiscal 2025?
Evolv Technologies generated $18.7M of free cash flow in fiscal 2025.
What was Evolv Technologies' revenue last quarter?
In its most recent reported quarter (2026 Q2), Evolv Technologies reported revenue of $43.8M.
How much debt does Evolv Technologies have?
Evolv Technologies reported $28.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Evolv Technologies are outstanding?
Evolv Technologies reported a weighted average of 180.1 million basic shares outstanding in 2026 Q2.
What is Evolv Technologies' market cap?
Based on its latest closing price, Evolv Technologies (EVLV) has a market capitalization of about $769.0M.
When does Evolv Technologies' fiscal year end?
Evolv Technologies' fiscal year end, as registered with the SEC, is December 31.
Where is Evolv Technologies headquartered?
Evolv Technologies lists its business address in Waltham, Massachusetts in its SEC filings.
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