Evolv Technologies Holdings, Inc. (EVLV)

EVLV Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	136.5	103.87	79.57	52.72	23.39	4.79
Revenue Growth (YoY)	43.16%	30.54%	50.92%	125.36%	388.88%	-18.15%
Cost of Revenue	63.26	44.58	47.66	51.32	19.36	3.5
Gross Profit	73.24	59.29	31.91	1.4	4.03	1.29
Selling, General & Admin	110.18	117.93	96.17	84.65	44.65	12.48
Research & Development	20.6	23.45	24.47	18.54	11.46	15.71
Other Operating Expenses	-	-	-	-	1.32	-
Operating Expenses	130.78	141.37	120.64	103.19	57.43	28.19
Operating Income	-57.54	-82.08	-88.73	-101.79	-53.4	-26.9
Interest Expense	-0.71	-	-0.65	-0.71	-6.07	-0.43
Interest & Investment Income	1.6	2.94	6.23	3.17	-	-
Other Non Operating Income (Expenses)	-4.96	6.51	-4.85	4.84	9.37	-
EBT Excluding Unusual Items	-61.62	-72.63	-88.01	-94.49	-50.1	-27.33
Asset Writedown	-0.02	-0.22	-0.32	-1.16	-1.87	-
Other Unusual Items	3.76	18.84	-19.67	8.86	41.08	-0.07
Pretax Income	-59.68	-54.02	-108	-86.8	-10.89	-27.39
Income Tax Expense	0.06	-	0.05	-	-	-
Net Income	-59.74	-54.02	-108.05	-86.8	-10.89	-27.39
Net Income to Common	-59.74	-54.02	-108.05	-86.8	-10.89	-27.39
Shares Outstanding (Basic)	164	157	149	144	72	9
Shares Outstanding (Diluted)	164	157	149	144	72	9
Shares Change (YoY)	6.40%	4.96%	3.69%	100.74%	702.28%	-60.57%
EPS (Basic)	-0.36	-0.34	-0.72	-0.60	-0.15	-3.07
EPS (Diluted)	-0.36	-0.34	-0.72	-0.60	-0.15	-3.07
Free Cash Flow	-29.55	-62.04	-78.94	-96.2	-73.34	-29.86
Free Cash Flow Per Share	-0.18	-0.40	-0.53	-0.67	-1.02	-3.34
Gross Margin	53.66%	57.08%	40.10%	2.66%	17.22%	26.94%
Operating Margin	-42.15%	-79.03%	-111.52%	-193.08%	-228.26%	-562.09%
Profit Margin	-43.77%	-52.01%	-135.80%	-164.64%	-46.54%	-572.46%
Free Cash Flow Margin	-21.65%	-59.73%	-99.21%	-182.48%	-313.50%	-624.10%
EBITDA	-35.94	-66.41	-80.03	-96.95	-50.5	-25.83
EBITDA Margin	-26.33%	-63.94%	-100.59%	-183.89%	-215.89%	-
D&A For EBITDA	21.6	15.68	8.7	4.84	2.9	1.07
EBIT	-57.54	-82.08	-88.73	-101.79	-53.4	-26.9
EBIT Margin	-42.15%	-79.03%	-111.52%	-193.08%	-228.26%	-
Revenue as Reported	136.5	103.87	79.57	52.72	23.39	4.79

Updated Nov 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q