Evolv Technologies Holdings, Inc. EVLV

Technology SIC 3577 - Computer Peripheral Equipment, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Computer and Peripheral Equipment Manufacturing › Computer Terminal and Other Computer Peripheral Equipment Manufacturing derived Nasdaq

Evolv Technologies Holdings, Inc., a Delaware corporation formed in 2021 ("we," "us," "our," the "Company" and "Evolv") is a leading security technology company pioneering Artificial Intelligence ("AI")-powered screening solutions designed to help create safer environments while maintaining efficient visitor flow and a positive visitor experience. We serve customers across a range of end markets, including education, healthcare, sports, live entertainment, tourist attractions, houses of worship, and industrial workplaces. Our mission is to make the world a safer and more enjoyable place to live, work, learn, and play. Our goal is to help facility operators address escalating gun violence, mass shootings and terrorist attacks while maintaining a positive visitor experience.

Last close 4.62 2026-10-23
Market cap $836.8M 2026-06-30 share count
52-week range 4.02 - 8.29

Valuation FY2025 figures against the last close

P/S5.7x
P/E—
P/FCF44.8x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.20

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $145.9M$103.9M$79.6M$52.7M$23.4M$4.8M—
Cost of revenue $70.6M$44.4M$47.7M$51.3M$19.4M$3.5M—
Gross profit $75.3M$59.5M$31.9M$1.4M$4.0M$1.3M—
R&D $20.6M$23.4M$24.5M$18.5M$11.5M$15.7M—
SG&A $54.9M$56.6M$42.2M$38.0M$19.9M$5.1M—
Total operating expenses $123.8M$141.8M$122.0M$104.3M$59.3M$28.2M—
Operating income -$48.5M-$82.3M-$90.1M-$103.0M-$55.3M-$26.9M—
Interest expense $1.7M$0$654.0K$712.0K$6.1M$430.0K—
Pre-tax income -$33.1M-$54.0M-$108.0M-$86.8M-$10.9M-$27.4M—
Income tax $62.0K$0$51.0K$0$0$0—
Net income -$33.1M-$54.0M-$108.0M-$86.8M-$10.9M-$27.4M—
EPS, basic -0.20-0.34-0.72-0.60-0.15-3.07—
EPS, diluted -0.20-0.34-0.72-0.60-0.15-3.07—
Shares, diluted (wtd. avg.) 168.4M156.6M149.2M143.9M71.7M8.9M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $49.1M$37.0M$67.4M$242.7M$308.2M$4.7M$17.3M
Short-term investments $19.9M$14.9M$29.6M$0———
Receivables $30.8M$28.4M$26.1M$12.9M$6.5M$1.4M—
Inventory $9.3M$17.0M$5.7M$6.0M$2.9M$1.6M—
Total current assets $151.3M$121.4M$210.4M$287.1M$331.1M$9.8M—
Property, plant and equipment $127.5M$123.7M$81.2M$33.9M$23.8M$10.1M—
Total assets $304.4M$268.1M$302.4M$332.3M$362.9M$21.8M—
Accounts payable $9.8M$10.5M$16.9M$9.4M$6.0M$4.4M—
Short-term debt $0$0$0$4.0M$2.0M——
Total current liabilities $123.0M$96.7M$59.8M$33.0M$24.3M$12.6M—
Long-term debt $28.6M$0$0$6.0M$7.9M$16.4M—
Total liabilities $185.0M$150.4M$159.2M$72.8M$72.6M$30.7M—
Retained earnings -$387.8M-$354.7M-$288.5M-$145.9M-$105.8M-$94.9M—
Total equity $119.4M$117.7M$144.1M$259.6M$290.3M-$84.8M-$58.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow $18.7M-$30.9M-$9.8M-$74.7M-$56.8M-$23.3M—
Depreciation and amortisation $24.3M$17.4M$9.7M$5.4M$2.9M$1.1M—
Stock-based compensation $21.1M$24.8M$24.1M$22.5M$9.6M$662.0K—
Capital expenditure ————$3.7M$6.6M—
Investing cash flow -$41.8M-$1.4M-$123.1M-$23.9M-$17.6M-$6.6M—
Financing cash flow $35.4M$1.8M-$29.7M$20.5M$377.8M$17.2M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001805385-26-000018.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M -100M 0 100M 200M Revenue, FY2020: 4.8M Gross profit, FY2020: 1.3M Net income, FY2020: -27.4M Revenue, FY2021: 23.4M Gross profit, FY2021: 4M Net income, FY2021: -10.9M Revenue, FY2022: 52.7M Gross profit, FY2022: 1.4M Net income, FY2022: -86.8M Revenue, FY2023: 79.6M Gross profit, FY2023: 31.9M Net income, FY2023: -108M Revenue, FY2024: 103.9M Gross profit, FY2024: 59.5M Net income, FY2024: -54M Revenue, FY2025: 145.9M Gross profit, FY2025: 75.3M Net income, FY2025: -33.1M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $4.8M $23.4M $52.7M $79.6M $103.9M $145.9M
Gross profit — $1.3M $4.0M $1.4M $31.9M $59.5M $75.3M
Net income — -$27.4M -$10.9M -$86.8M -$108.0M -$54.0M -$33.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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