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Evolv Technologies Holdings Inc (EVLV) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · SECURITY & PROTECTION SERVICES · DATA UPDATED 2026-09-18

Evolv Technologies Holdings Inc (EVLV) operates in the SECURITY & PROTECTION SERVICES industry and is headquartered in Waltham, United States with about 286 employees. Its market capitalization is roughly $901 million. In the fiscal year ended 2025-12-31, EVLV reported $146M in revenue and ($33M) in net income.

Evolv Technologies Holdings, Inc. develops, manufactures, markets, and sells security screening products and specific services in the United States and internationally.

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EVLV Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Revenue$172M$146M$104M$80M$53M$23M$5M$6M
Gross Profit$86M$75M$59M$34M$1M$4M$1M$1M
Gross Margin %50.0%51.6%57.1%42.1%2.7%17.2%26.9%9.4%
Operating Income (EBIT)($32M)($45M)($82M)($88M)($103M)($53M)($27M)($18M)
Operating Margin %-18.6%-30.7%-79.2%-109.7%-195.3%-228.3%-562.1%-314.7%
Net Income($5M)($33M)($54M)($106M)($87M)($11M)($27M)($20M)
Net Margin %-2.9%-22.7%-52.0%-132.1%-164.6%-46.5%-572.5%-339.7%
EBITDA$25M($7M)($37M)($96M)($81M)($2M)($26M)($19M)
Earnings Per Share (EPS)$-0.03$-0.20$-0.34$-0.71$-0.60$-0.07$-0.19$-0.14
Shares Outstanding (M)180M168M157M149M144M152M142M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EVLV Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$44M$46M$39M$43M$33M$32M$29M$27M
Gross Profit$22M$24M$19M$21M$16M$19M$17M$16M
Gross Margin %50.2%51.4%48.4%49.7%49.8%59.8%57.5%57.8%
Operating Income (EBIT)($11M)($7M)($8M)($6M)($17M)($14M)($19M)($14M)
Operating Margin %-24.1%-15.3%-20.7%-14.7%-53.8%-45.0%-64.8%-51.3%
Net Income($9M)($5M)$11M($2M)($41M)($2M)($16M)($30M)
Net Margin %-21.2%-10.8%28.3%-4.2%-124.6%-5.3%-54.0%-111.3%
EBITDA($1M)$3M$18M$5M($35M)$4M
Earnings Per Share (EPS)$-0.05$-0.03$0.06$-0.01$-0.25$-0.01$-0.10$-0.19
Shares Outstanding (M)180M177M189M173M165M161M160M158M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EVLV Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash from Operations (CFO)$29M$19M($31M)($10M)($75M)($57M)($23M)($15M)
Capital Expenditures (CapEx)$35M$31M$37M$73M$24M$18M$7M$1M
Free Cash Flow (FCF)($6M)($13M)($68M)($82M)($99M)($74M)($30M)($16M)
FCF Margin %-3.5%-8.7%-65.6%-102.6%-187.6%-317.9%-624.1%-272.1%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EVLV Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$12M($3M)$16M$4M$2M($3M)$3M$4M
Capital Expenditures (CapEx)$8M$5M$7M$15M$4M$14M$8M$5M
Free Cash Flow (FCF)$4M($8M)$9M($11M)($2M)($17M)($5M)($1M)
FCF Margin %8.0%-17.6%22.4%-26.8%-6.2%-52.6%-16.8%-3.0%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

EVLV Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Total Assets$302M$304M$268M$299M$348M$363M$21M$24M
Cash & Cash Equivalents$53M$49M$37M$67M$230M$307M$5M$17M
Total Liabilities$183M$185M$150M$152M$121M$73M$106M$83M
Total Debt (Short + Long-Term)$32M$32M$13M$1M$31M$10M$22M$4M
Total Shareholders' Equity$119M$119M$118M$146M$227M$290M($85M)($59M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive EVLV viewer.

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