SequelSEC

Evolv Technologies Holdings, Inc. EVLV

Computer Peripheral Equipment, NEC · CIK 0001805385 · Fiscal year ends 1231

Revenue
$145.90M
Fiscal year ended 2025-12-31
Operating income
-$48.46M
Fiscal year ended 2025-12-31
Free cash flow
Unavailable
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$999.00MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$5.57Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue6.8×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity8.4×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Computer Peripheral Equipment, NEC filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Revenue YoY growth40.5%92th
Net margin-22.7%23th
Operating margin-33.2%25th
SBC / revenue14.5%75th
Gross margin51.6%70th
Current ratio1.23x46th
Long-term debt / equity0.24x50th
R&D / revenue14.1%50th

Evolv Technologies Holdings, Inc. (EVLV) reported revenue of $145.90M and net income of -$33.14M for the fiscal year ended 2025-12-31. This page shows 6 annual periods of income statement, balance sheet and cash flow figures normalized from Evolv Technologies Holdings, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Computer Peripheral Equipment, NEC.

Income

Evolv Technologies Holdings, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Revenue$145.90M$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
Operating income-$48.46M-$82.31M-$90.06M-$102.95M-$55.27M-$28.04M
Net income-$33.14M-$54.02M-$108.05M-$86.80M-$10.89M-$28.43M
Research & development$20.62M$23.45M$24.47M$18.54M$11.46M$15.55M
Weighted-average diluted sharesshares 168.42Mshares 156.57Mshares 149.17Mshares 143.86Mshares 71.66Mshares 8.93M
Pretax income-$33.08M-$54.02M-$108.00M-$86.80M-$10.89M-$27.39M
Income tax expense$62.00K$0$51.00K$0$0$0
Diluted EPS$-0.20$-0.34$-0.72$-0.60$-0.15$-3.18
Selling, general & administrative$100.48M$117.24M$97.17M$84.65M$45.97M$13.81M
General & administrative$54.86M$56.60M$42.18M$37.97M$19.87M$5.53M
Selling & marketing$45.63M$60.64M$54.99M$46.68M$26.10M$8.28M

Balance

Evolv Technologies Holdings, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Cash & equivalents$49.15M$37.02M$67.16M$229.78M$307.49M$4.70M
Total assets$304.41M$268.06M$297.13M$344.25M$362.86M$21.76M
Current assets$151.30M$121.45M$173.36M$288.70M$331.12M$9.79M
Total liabilities$184.99M$150.41M$152.99M$117.63M$72.58M$30.69M
Current liabilities$122.98M$96.71M$81.30M$58.88M$24.33M$12.65M
Total equity incl. NCI$119.42M$117.65M$144.14M$226.62M$290.27M-$84.80M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailable$75.88M
Inventory$9.32M$16.96M$10.34M$12.40M$2.89M$1.59M
Accounts receivable$30.84M$28.39M$21.55M$26.44M$6.48M$1.40M
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$28.60M$0$0$19.68M$7.94M$16.43M
Accounts payable$9.77M$10.49M$17.40M$18.19M$6.04M$4.44M

Cash flow

Evolv Technologies Holdings, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Operating cash flow$18.67M-$30.85M-$9.80M-$74.74M-$56.78M-$23.60M
Capital expendituresUnavailableUnavailableUnavailableUnavailable$16.56M$6.26M
Investing cash flow-$41.83M-$1.40M-$123.11M-$23.87M-$17.58M-$6.26M
Financing cash flow$35.40M$1.81M-$29.66M$20.51M$377.83M$17.23M
Net change in cash$12.14M-$30.42M-$162.62M-$78.11M$303.46M-$12.64M
Stock-based compensation$21.10M$24.76M$24.13M$22.52M$9.60M$1.58M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$24.34M$17.38M$9.70M$5.44M$2.90M$1.06M

Derived

Evolv Technologies Holdings, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross margin51.6%57.2%40.1%2.7%17.2%24.6%
Operating margin-33.2%-79.2%-113.2%-195.3%-236.3%-521.2%
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenue14.5%23.8%30.3%42.7%41.0%29.3%
Current ratio1.23x1.26x2.13x4.90x13.61x0.77x
Revenue YoY growth40.5%30.5%50.9%125.4%334.7%Unavailable
Net margin-22.7%-52.0%-135.8%-164.6%-46.5%-528.3%
R&D / revenue14.1%22.6%30.8%35.2%49.0%289.0%
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity0.24xUnavailableUnavailable0.09xUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open EVLV in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-11View SEC filing
10-Q · Filed 2026-05-12View SEC filing
10-K · Filed 2026-03-10View SEC filing
10-Q · Filed 2025-11-13View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-20View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.