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Evolv Technologies Holdings, Inc. EVLV Subscription revenue — Revenue

Other product segments

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$1.07B-8.4%
Enterprise value$1.06B-7.8%
P/S6.7×-3.0×

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 source filing: Evolv Technologies Holdings, Inc.’s 10-Q, filed May 12, 2026.

Filed
May 12, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001805385-26-000028
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenue:
Product revenue$13,421$2,322
Subscription revenue23,14819,237
Service revenue8,5896,730
License fee and other revenue1,1703,718
Total revenue46,32832,007
Cost of revenue:
Cost of product revenue11,8563,184

Item 1. Financial Statements

FAQ

What is Evolv Technologies Holdings, Inc.'s subscription revenue — revenue?
Evolv Technologies Holdings, Inc. (EVLV) reported subscription revenue — revenue of $23.15M in Q1 2026.
How has Evolv Technologies Holdings, Inc.'s subscription revenue — revenue changed year-over-year?
Evolv Technologies Holdings, Inc.'s subscription revenue — revenue increased by 20.3% year-over-year, from $19.24M to $23.15M.
What is the long-term trend for Evolv Technologies Holdings, Inc.'s subscription revenue — revenue?
Over 4 years (2021 to 2025), Evolv Technologies Holdings, Inc.'s subscription revenue — revenue has grown at a 80.7% compound annual growth rate (CAGR), from $7.87M to $83.84M.
What does subscription revenue — revenue mean?
This metric represents the total revenue generated from recurring service contracts and software-as-a-service (SaaS) offerings within a specific business segment. It reflects the company's ability to monetize its core technology through predictable, multi-year customer commitments rather than one-time hardware sales. Growth in this metric indicates successful adoption of the recurring revenue business model and long-term customer retention.

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