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Evolv Technologies Holdings, Inc. EVLV Q1 2025 earnings

Reported May 20, 2025 · After market close

Revenue$32.0MBeat by $4.1MDiluted EPS-$0.01Beat by $0.08
Revenue estimate$27.9M
EPS estimate-$0.09

Next report

Aug 11, 2026 (In 4 weeks)
Revenue estimate$41.8M
EPS estimate-$0.06

Financials

Q1 2025

Income statement

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Revenue$32.0M+44.3%
Gross profit$19.2M+57.5%
Operating income-$14.4M+34.3%
Net income-$1.7M+85.0%
EPS (diluted)-$0.01+85.7%

Balance sheet

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Cash & equivalents$25.1M-44.1%
Total debt$14.4M+435%
Total equity$121.1M-13.4%
Total assets$256.0M-8.6%

Cash flow

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Operating cash flow-$2.5M+84.3%
CapEx$3.1M-74.2%
Free cash flow-$5.6M+80.0%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$491.56M-26.9%
Enterprise value$480.87M-23.7%
P/S4.3×-3.9×

Profitability

See full
Gross margin58.5%+10.0pp
Operating margin-65.8%-18.8pp
Net margin-39.1%-15.4pp

Returns & leverage

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Return on equity-34.1%-8.9pp
Debt / equity0.1×+0.1×
Current ratio1.1×-0.7×

Segments

By product

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Subscription revenue$19.2M+32.6%
License fees$3.2M—
Professional services and other revenue$515.0K—

By segment

See full
Reportable Segment$32.0M+44.3%

By geography

See full
Foreign$1.3M+35.7%

Versus estimates

Revenue

Q1 2026$46.3MBeat by $2.1MQ4 2025$38.5MBeat by $2.1MQ3 2025$42.9MBeat by $6.4MQ2 2025$32.5MBeat by $153.5K
Q1 2025$32.0MBeat by $4.1M
Q4 2024$29.1MBeat by $1.3M

Diluted EPS

Q1 2026-$0.03Beat by $0.03Q4 2025$0.06Beat by $0.14Q3 2025-$0.01Beat by $0.06Q2 2025-$0.25Miss by $0.16
Q1 2025-$0.01Beat by $0.08
Q4 2024-$0.19Miss by $0.13

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Questions, answered.

When did Evolv Technologies Holdings, Inc. report Q1 2025 earnings?
Evolv Technologies Holdings, Inc. (EVLV) reported Q1 2025 earnings on May 20, 2025 after market close.
What were Evolv Technologies Holdings, Inc.'s Q1 2025 revenue and EPS?
Evolv Technologies Holdings, Inc. reported revenue of $32.0M and diluted EPS of $-0.01 for Q1 2025.
Did Evolv Technologies Holdings, Inc. beat estimates in Q1 2025?
Revenue beat the consensus estimate of $27.9M by $4.1M. EPS beat the consensus estimate of $-0.09 by $0.08.
How did Evolv Technologies Holdings, Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 47.7% from $21.7M a year earlier and diluted EPS grew 87.5% from $-0.08.
Where can I find Evolv Technologies Holdings, Inc.'s Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-020353) directly on SEC EDGAR. The filing index links above go to sec.gov.