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Evolv Technologies Holdings, Inc. EVLV Product revenue — Revenue

Other product segments

Subscription revenue
$23.15M+20.3%
Professional services and other revenue
$790K
License fees
$301K

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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 product revenue — revenue?
Evolv Technologies Holdings, Inc. (EVLV) reported product revenue — revenue of $13.42M in Q1 2026.
How has Evolv Technologies Holdings, Inc.'s product revenue — revenue changed year-over-year?
Evolv Technologies Holdings, Inc.'s product revenue — revenue increased by 478.0% year-over-year, from $2.32M to $13.42M.
What is the long-term trend for Evolv Technologies Holdings, Inc.'s product revenue — revenue?
Over 4 years (2021 to 2025), Evolv Technologies Holdings, Inc.'s product revenue — revenue has grown at a 11.2% compound annual growth rate (CAGR), from $14.13M to $21.64M.
What does product revenue — revenue mean?
This metric represents the total gross revenue generated specifically from the sale of physical hardware units and associated product-based offerings. It reflects the company's ability to monetize its core security screening equipment through direct sales or capital-intensive procurement models. Tracking this helps investors distinguish between hardware-driven sales and recurring service-based subscription revenue streams.