What is Evolv Technologies Holdings, Inc.'s contract assets?

Evolv Technologies Holdings, Inc. (EVLV) reported contract assets of $1.2M in Q1 2026.

How has Evolv Technologies Holdings, Inc.'s contract assets changed year-over-year?

Evolv Technologies Holdings, Inc.'s contract assets increased by 32.5% year-over-year, from $905K to $1.2M.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Evolv Technologies Holdings, Inc. EVLV Contract Assets

Contract Assets at other companies

ADTADT

$22.86M-54.9%

APi GroupAPG

$538M+10.9%

Motorola Solutions, Inc.MSI

$1.39B+7.8%

Other financials

Income statement

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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

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Market cap$987.49M+0.1%

Enterprise value$973.38M-0.3%

P/S6.2×-2.5×

Profitability

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Gross margin49.8%-8.7pp

Operating margin-26.6%-9.9pp

Net margin-43.8%-8.7pp

FCF margin6.9%—

Returns & leverage

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Return on equity-51.7%+24.4pp

Debt / equity0.3×+0.2×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by Evolv Technologies Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Evolv Technologies Holdings, Inc.’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Evolv Technologies Holdings, Inc.'s contract assets?: Evolv Technologies Holdings, Inc. (EVLV) reported contract assets of $1.2M in Q1 2026.
How has Evolv Technologies Holdings, Inc.'s contract assets changed year-over-year?: Evolv Technologies Holdings, Inc.'s contract assets increased by 32.5% year-over-year, from $905K to $1.2M.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.