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

Other product segments

Subscription revenue
$225.99M+11.7%

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Other financials

Income statement

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Revenue$43.8M+34.4%
Gross profit$22.0M+35.4%
Operating income-$10.6M+39.7%
Net income-$9.3M+77.1%
EPS (diluted)-$0.05+80.0%

Balance sheet

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Cash & equivalents$53.4M+44.6%
Total debt$41.6M+191%
Total equity$118.9M+28.3%
Total assets$302.0M+7.7%

Cash flow

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Operating cash flow$11.9M+463%
CapEx$6.4M+107%
Free cash flow$12.6M+1,346%

Valuation

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Market cap$1.05B-11.8%
Enterprise value$1.04B-11.1%
P/S6.2×-3.7×

Profitability

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Gross margin49.9%-6.3pp
Operating margin-20.8%-8.1pp
Net margin-43.8%-8.7pp
FCF margin13.3%

Returns & leverage

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Return on equity-51.7%+24.4pp
Debt / equity0.3×+0.2×
Current ratio1.2×+0.2×

Where this comes from

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

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

The source filing: Evolv Technologies Holdings, Inc.’s 10-Q, filed August 11, 2026.

Filed
Aug 11, 2026, 4:57 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001805385-26-000049
Next 12 months13 to 24 monthsMore than 24 monthsTotal
Product revenue$$7,260$$$$7,260
Subscription revenue93,23265,02267,740225,994
Service revenue32,13921,93324,29478,366
License fee and other revenue379206402987
Total revenue$$133,010$$87,161$$92,436$$312,607

Item 1. Financial Statements

FAQ

What is Evolv Technologies Holdings, Inc.'s service revenue — total revenue?
Evolv Technologies Holdings, Inc. (EVLV) reported service revenue — total revenue of $78.37M in Q2 2026.
How has Evolv Technologies Holdings, Inc.'s service revenue — total revenue changed year-over-year?
Evolv Technologies Holdings, Inc.'s service revenue — total revenue increased by 16.6% year-over-year, from $67.21M to $78.37M.
What is the long-term trend for Evolv Technologies Holdings, Inc.'s service revenue — total revenue?
Over 3 years (2022 to 2025), Evolv Technologies Holdings, Inc.'s service revenue — total revenue has grown at a 43.0% compound annual growth rate (CAGR), from $95.55M to $279.68M.
What does service revenue — total revenue mean?
This metric represents the aggregate top-line revenue generated by the service segment, encompassing all subscription fees, maintenance contracts, and related service income. It serves as a primary indicator of the segment's market penetration and the overall demand for the company's service-based solutions. Growth in this metric is essential for assessing the company's transition toward a recurring revenue business model.

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