Evolv Technologies Holdings, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:56:46Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | -73.34M | -29.86M |
| EBITDA | -24.12M | -64.93M | -80.35M | -97.51M | -52.37M | -26.98M |
| Working Capital | 28.33M | 24.74M | 92.06M | 229.83M | 306.79M | -2.85M |
| Net Debt | -5.51M | -22.49M | -65.77M | -198.09M | -297.55M | 12.09M |
| Gross Margin | 51.61% | 57.25% | 40.10% | 2.66% | 17.22% | 24.57% |
| Operating Margin | -33.22% | -79.24% | -113.19% | -195.28% | -236.25% | -521.19% |
| Net Margin | -22.71% | -52.01% | -135.80% | -164.64% | -46.54% | -528.28% |
| Return on Equity (ROE) | -27.75% | -45.91% | -74.96% | -38.30% | -3.75% | 33.52% |
| Return on Assets (ROA) | -10.89% | -20.15% | -36.36% | -25.21% | -3.00% | -130.61% |
| Current Ratio | 1.23× | 1.26× | 2.13× | 4.90× | 13.61× | 0.77× |
| Debt-to-Equity | 0.37× | 0.12× | 0.01× | 0.14× | 0.03× | -0.20× |
| Effective Tax Rate | -0.19% | 0.00% | -0.05% | 0.00% | 0.00% | 0.00% |
| Cash Conversion Ratio | -0.56× | 0.57× | 0.09× | 0.86× | 5.21× | 0.83× |
| Accruals Ratio | -0.17× | -0.09× | -0.33× | -0.04× | 0.13× | -0.22× |
| SBC % of Revenue | 14.46% | 23.83% | 30.33% | 42.72% | 41.02% | 29.34% |
| CapEx Coverage | — | — | — | — | -3.43× | -3.77× |
| Free Cash Flow Per Share | — | — | — | — | $-1.02 | $-3.34 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 145.91M | 103.86M | 79.56M | 52.72M | 23.39M | 5.38M |
| Cost of Revenue | 70.60M | 44.40M | 47.66M | 51.32M | 19.36M | 4.06M |
| Gross Profit | 75.30M | 59.46M | 31.91M | 1.40M | 4.03M | 1.32M |
| Research and Development Expense | 20.62M | 23.45M | 24.47M | 18.54M | 11.46M | 15.55M |
| Operating Expenses | 123.77M | 141.77M | 121.96M | 104.35M | 59.30M | 29.37M |
| Operating Income (Loss) | -48.46M | -82.31M | -90.06M | -102.95M | -55.27M | -28.05M |
| Income Tax Expense (Benefit) | 62.00K | 0 | 51.00K | 0 | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -33.14M | -54.02M | -108.05M | -86.80M | -10.89M | -28.43M |
| Earnings Per Share, Basic | $-0.20 | $-0.34 | $-0.72 | $-0.60 | $-0.15 | $-3.18 |
| Weighted Average Number of Shares Outstanding, Basic | 168.42M | 156.57M | 149.17M | 143.86M | 71.66M | 8.93M |
| Earnings Per Share, Diluted | $-0.20 | $-0.34 | $-0.72 | $-0.60 | $-0.15 | $-3.18 |
| Weighted Average Number of Shares Outstanding, Diluted | 168.42M | 156.57M | 149.17M | 143.86M | 71.66M | 8.93M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 49.15M | 37.02M | 67.16M | 229.78M | 307.49M | 4.70M |
| Assets, Current | 151.30M | 121.45M | 173.36M | 288.70M | 331.12M | 9.79M |
| Assets | 304.41M | 268.06M | 297.13M | 344.25M | 362.86M | 21.77M |
| Long-term Debt | 28.60M | 0 | 0 | 29.68M | 9.95M | — |
| Liabilities, Current | 122.98M | 96.71M | 81.30M | 58.88M | 24.33M | 12.65M |
| Long-term Debt, Excluding Current Maturities | 28.60M | 0 | 0 | 19.68M | 7.95M | 16.43M |
| Liabilities | 184.99M | 150.41M | 152.99M | 117.63M | 72.58M | 30.69M |
| Stockholders' Equity Attributable to Parent | 119.42M | 117.65M | 144.14M | 226.62M | 290.27M | -84.81M |
| Common Stock, Shares, Outstanding | 175.40M | 159.60M | 151.31M | 145.20M | 142.75M | 9.85M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 18.67M | -30.85M | -9.80M | -74.74M | -56.78M | -23.60M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | 16.56M | 6.26M |
| Net Cash Provided by (Used in) Investing Activities | -41.83M | -1.40M | -123.11M | -23.87M | -17.59M | -6.26M |
| Net Cash Provided by (Used in) Financing Activities | 35.40M | 1.81M | -29.66M | 20.51M | 377.83M | 17.23M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EBITDA | -1.67M | -1.50M | -2.10M | -11.69M | -8.86M | -13.44M |
| Working Capital | 26.11M | 28.33M | 32.29M | -9.81M | 9.37M | 24.74M |
| Net Debt | -12.78M | -5.51M | 10.90M | -22.68M | -10.69M | -22.49M |
| Gross Margin | 50.94% | 48.38% | 49.72% | 49.83% | 59.83% | 57.53% |
| Operating Margin | -18.29% | -20.74% | -20.06% | -53.75% | -44.96% | -64.87% |
| Net Margin | -10.81% | 28.26% | -4.19% | -124.55% | -5.28% | -54.02% |
| Return on Equity (ROE) | -4.15% | 9.11% | -1.76% | -43.75% | -1.40% | -13.36% |
| Return on Assets (ROA) | -1.64% | 3.57% | -0.59% | -14.46% | -0.66% | -5.86% |
| Current Ratio | 1.21× | 1.23× | 1.27× | 0.93× | 1.10× | 1.26× |
| Debt-to-Equity | 0.36× | 0.37× | 0.41× | 0.15× | 0.12× | 0.12× |
| Effective Tax Rate | 0.73% | 0.00% | 0.00% | 0.00% | -3.87% | 0.00% |
| Cash Conversion Ratio | 0.63× | 1.43× | -1.72× | 0.01× | 1.50× | -0.20× |
| Accruals Ratio | -0.01× | -0.02× | -0.02× | -0.14× | 0.00× | -0.07× |
| SBC % of Revenue | 12.06% | 13.71% | 36.91% | 32.04% | 15.24% | 11.66% |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 46.33M | 38.50M | 42.85M | 32.54M | 32.01M | 29.10M |
| Cost of Revenue | 22.73M | 19.88M | 21.54M | 16.33M | 12.86M | 12.36M |
| Gross Profit | 23.60M | 18.63M | 21.31M | 16.22M | 19.15M | 16.74M |
| Research and Development Expense | 5.88M | 5.41M | 5.61M | 4.74M | 4.86M | 5.39M |
| Operating Expenses | 32.07M | 26.61M | 29.90M | 33.71M | 33.54M | 35.62M |
| Operating Income (Loss) | -8.47M | -7.99M | -8.60M | -17.49M | -14.39M | -18.88M |
| Income Tax Expense (Benefit) | -37.00K | 0 | 0 | -1.00K | 63.00K | 0 |
| Net Income (Loss) Attributable to Parent | -5.01M | 10.88M | -1.80M | -40.53M | -1.69M | -15.72M |
| Earnings Per Share, Basic | $-0.03 | $0.06 | $-0.01 | $-0.25 | $-0.01 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Basic | 177.06M | 168.42M | 172.79M | 165.25M | 160.81M | 156.57M |
| Earnings Per Share, Diluted | $-0.03 | $0.06 | $-0.01 | $-0.25 | $-0.01 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Diluted | 177.06M | 168.42M | 172.79M | 165.25M | 160.81M | 156.57M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 56.08M | 49.15M | 31.50M | 36.94M | 25.09M | 37.02M |
| Assets, Current | 151.98M | 151.30M | 151.64M | 133.08M | 103.77M | 121.45M |
| Assets | 304.64M | 304.41M | 304.29M | 280.42M | 255.98M | 268.06M |
| Long-term Debt | 28.66M | 28.60M | 28.53M | — | — | 0 |
| Liabilities, Current | 125.86M | 122.98M | 119.35M | 142.89M | 94.40M | 96.71M |
| Long-term Debt, Excluding Current Maturities | 28.66M | 28.60M | 28.53M | — | — | 0 |
| Liabilities | 183.97M | 184.99M | 202.05M | 187.77M | 134.92M | 150.41M |
| Stockholders' Equity Attributable to Parent | 120.67M | 119.42M | 102.24M | 92.65M | 121.06M | 117.65M |
| Common Stock, Shares, Outstanding | 179.46M | 175.40M | 173.80M | 170.63M | 163.27M | 159.60M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -3.18M | 15.57M | 3.10M | -426.00K | -2.54M | 3.20M |
| Net Cash Provided by (Used in) Investing Activities | 9.76M | 1.40M | -43.23M | -3.61M | -9.36M | -13.25M |
| Net Cash Provided by (Used in) Financing Activities | 322.00K | 679.00K | 34.72M | 4.09M | 20.00K | 658.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (EVLV CIK 0001805385),
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concepts onto different statements in their own extension
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statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
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For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.