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Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$46.3M+44.7%
Gross profit$23.6M+23.2%
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:OperatingIncomeLoss.

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
General and administrative13,51514,972
Restructuring costs2,662
Total operating expenses32,07133,539
Loss from operations(8,472)(14,389)
Other income, net
Interest expense(962)(1)
Interest income515389
Other income (expense), net(37)25

Item 1. Financial Statements

FAQ

What is Evolv Technologies Holdings, Inc.'s operating income?
Evolv Technologies Holdings, Inc. (EVLV) reported operating income of -$8.47M in Q1 2026.
How has Evolv Technologies Holdings, Inc.'s operating income changed year-over-year?
Evolv Technologies Holdings, Inc.'s operating income increased by 41.1% year-over-year, from -$14.39M to -$8.47M.
What is the long-term trend for Evolv Technologies Holdings, Inc.'s operating income?
Over 4 years (2021 to 2025), Evolv Technologies Holdings, Inc.'s operating income has grown at a -3.2% compound annual growth rate (CAGR), from -$55.27M to -$48.46M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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