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

Other product segments

Subscription revenue
$218.1M+12.1%

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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:RevenueRemainingPerformanceObligation.

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 revenue?
Evolv Technologies Holdings, Inc. (EVLV) reported product revenue — total revenue of $5M in Q1 2026.
How has Evolv Technologies Holdings, Inc.'s product revenue — total revenue changed year-over-year?
Evolv Technologies Holdings, Inc.'s product revenue — total revenue increased by 154.1% year-over-year, from $1.97M to $5M.
What is the long-term trend for Evolv Technologies Holdings, Inc.'s product revenue — total revenue?
Over 3 years (2022 to 2025), Evolv Technologies Holdings, Inc.'s product revenue — total revenue has grown at a 22.4% compound annual growth rate (CAGR), from $13.28M to $24.36M.
What does product revenue — total revenue mean?
This metric represents the aggregate top-line revenue attributed to the product segment, encompassing all hardware-related sales activities. It serves as a primary indicator of the market demand for the company's physical security infrastructure and hardware deployment strategy. Investors use this to assess the scale of the product-based business and its contribution to the overall corporate revenue mix.