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Other product segments

Subscription revenue
$23.15M+20.3%
Professional services and other revenue
$790K

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$24.79M-21.7%

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+5.1%
Enterprise value$973.38M+4.8%
P/S6.2×-2.1×

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:Revenues.

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 license fees — revenue?
Evolv Technologies Holdings, Inc. (EVLV) reported license fees — revenue of $172K in Q1 2026.
How has Evolv Technologies Holdings, Inc.'s license fees — revenue changed year-over-year?
Evolv Technologies Holdings, Inc.'s license fees — revenue decreased by 94.6% year-over-year, from $3.2M to $172K.
What does license fees — revenue mean?
This metric represents the total revenue generated from software licensing fees associated with security screening technology. It reflects the company's ability to monetize intellectual property and proprietary software separate from hardware or service-based subscriptions. Growth in this segment indicates successful adoption of the company's core technology platform by enterprise or government clients.