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Evolv Technologies Holdings, Inc. EVLV Q1 2026 earnings

Reported May 12, 2026 · After market close

Revenue$46.3MBeat by $2.1MDiluted EPS-$0.03Beat by $0.03
Revenue estimate$44.2M
EPS estimate-$0.06

Next report

Aug 11, 2026 (in a month)
Revenue estimate$41.8M
EPS estimate-$0.06

Financials

Q1 2026

Income statement

See full
Revenue$46.3M+44.7%
Gross profit$23.6M+23.2%
Operating income-$8.5M+41.1%
Net income-$5.0M-197%
EPS (diluted)-$0.03-200%

Balance sheet

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Cash & equivalents$56.1M+124%
Total debt$42.0M+191%
Total equity$120.7M-0.3%
Total assets$304.6M+19.0%

Cash flow

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Operating cash flow-$3.2M-25.2%
CapEx$6.4M+107%
Free cash flow-$9.6M-70.0%

Valuation & ratios

Valuation

as of 07/10/26
See full
Market cap$1.08B+121%
Enterprise value$1.07B+123%
P/S6.8×+2.4×

Profitability

See full
Gross margin49.8%-8.7pp
Operating margin-26.6%-9.9pp
FCF margin6.9%—

Returns & leverage

See full
Debt / equity0.3×+0.2×
Current ratio1.2×+0.1×

Segments

By segment

See full
Reportable Segment$46.3M+44.7%

By product

See full
Subscription revenue$23.1M+20.3%

Versus estimates

Revenue

Q1 2026$46.3MBeat by $2.1M
Q4 2025$38.5MBeat by $2.1MQ3 2025$42.9MBeat by $6.4MQ2 2025$32.5MBeat by $153.5KQ1 2025$32.0MBeat by $4.1MQ4 2024$29.1MBeat by $1.3M

Diluted EPS

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

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Questions, answered.

When did Evolv Technologies Holdings, Inc. report Q1 2026 earnings?
Evolv Technologies Holdings, Inc. (EVLV) reported Q1 2026 earnings on May 12, 2026 after market close.
What were Evolv Technologies Holdings, Inc.'s Q1 2026 revenue and EPS?
Evolv Technologies Holdings, Inc. reported revenue of $46.3M and diluted EPS of $-0.03 for Q1 2026.
Did Evolv Technologies Holdings, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $44.2M by $2.1M. EPS beat the consensus estimate of $-0.06 by $0.03.
How did Evolv Technologies Holdings, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 44.7% from $32.0M a year earlier and diluted EPS declined 200.0% from $-0.01.
Where can I find Evolv Technologies Holdings, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001805385-26-000027) and the 10-Q periodic report (0001805385-26-000028) directly on SEC EDGAR. The filing index links above go to sec.gov.