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Evolv Technologies Holdings, Inc. EVLV Product revenue — Total Cost of Revenue

Other product segments

Subscription revenue
$8.37M+6.0%

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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+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:CostOfRevenue.

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 — total cost of revenue?
Evolv Technologies Holdings, Inc. (EVLV) reported product revenue — total cost of revenue of $11.86M in Q1 2026.
How has Evolv Technologies Holdings, Inc.'s product revenue — total cost of revenue changed year-over-year?
Evolv Technologies Holdings, Inc.'s product revenue — total cost of revenue increased by 272.4% year-over-year, from $3.18M to $11.86M.
What is the long-term trend for Evolv Technologies Holdings, Inc.'s product revenue — total cost of revenue?
Over 4 years (2021 to 2025), Evolv Technologies Holdings, Inc.'s product revenue — total cost of revenue has grown at a 18.1% compound annual growth rate (CAGR), from $12.48M to $24.32M.
What does product revenue — total cost of revenue mean?
This metric captures the direct costs incurred to manufacture, assemble, and deliver physical security screening products to customers. It includes expenses such as raw materials, component parts, manufacturing labor, and freight costs associated with hardware fulfillment. Monitoring this figure is essential for evaluating the direct production efficiency and gross margin potential of the company's hardware segment.