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

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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: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 subscription revenue — total cost of revenue?
Evolv Technologies Holdings, Inc. (EVLV) reported subscription revenue — total cost of revenue of $8.37M in Q1 2026.
How has Evolv Technologies Holdings, Inc.'s subscription revenue — total cost of revenue changed year-over-year?
Evolv Technologies Holdings, Inc.'s subscription revenue — total cost of revenue increased by 6.0% year-over-year, from $7.9M to $8.37M.
What is the long-term trend for Evolv Technologies Holdings, Inc.'s subscription revenue — total cost of revenue?
Over 4 years (2021 to 2025), Evolv Technologies Holdings, Inc.'s subscription revenue — total cost of revenue has grown at a 69.0% compound annual growth rate (CAGR), from $4.5M to $36.68M.
What does subscription revenue — total cost of revenue mean?
This metric captures the direct costs associated with delivering subscription-based services, including cloud infrastructure, customer support, and maintenance expenses. It excludes non-recurring hardware production costs to isolate the operational efficiency of the recurring service model. Monitoring this helps assess the scalability of the service platform and the underlying gross margin profile of the subscription business.