Evolv Technologies Holdings, Inc.
For the period ended Dec 31, 2024. Filed Apr 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 28, 2025
EVLV$4.44-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (Restated) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $37,015 | $67,162 |
| Restricted cash | — | 275 |
| Marketable securities | 14,927 | 51,289 |
| Accounts receivable, net of allowance for expected credit losses of $734 and $582 as of December 31, 2024 and 2023, respectively* | 28,392 | 21,547 |
| Inventory | 16,963 | 10,344 |
| Current portion of contract assets | 799 | 1,397 |
| Current portion of commission asset | 5,429 | 4,387 |
| Prepaid expenses and other current assets | 17,921 | 16,957 |
| Total current assets | 121,446 | 173,358 |
| Contract assets, noncurrent | 657 | 964 |
| Commission asset, noncurrent | 7,567 | 7,249 |
| Property and equipment, net | 123,661 | 113,161 |
| Operating lease right-of-use assets | 13,993 | 1,195 |
| Other assets | 735 | 1,202 |
| Total assets | $268,059 | $297,129 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $10,492 | $17,400 |
| Accrued expenses and other current liabilities | 19,508 | 15,703 |
| Current portion of deferred revenue | 64,506 | 46,808 |
| Current portion of operating lease liabilities | 2,203 | 1,391 |
| Total current liabilities | 96,709 | 81,302 |
| Deferred revenue, noncurrent | 20,266 | 25,149 |
| Operating lease liabilities, noncurrent | 12,326 | — |
| Contingent earn-out liability | 12,809 | 29,119 |
| Contingently issuable common stock liability | 4,001 | 6,530 |
| Public warrant liability | 4,297 | 10,889 |
| Total liabilities | 150,408 | 152,989 |
| Commitments and contingencies (Note 20) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 100,000,000 authorized at December 31, 2024 and December 31, 2023; no shares issued and outstanding at December 31, 2024 and December 31, 2023 | — | — |
| Common stock, $0.0001 par value; 1,100,000,000 shares authorized at December 31, 2024 and December 31, 2023, 159,602,069 and 151,310,080 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 16 | 15 |
| Additional paid-in capital | 472,331 | 444,825 |
| Accumulated other comprehensive loss | (32) | (53) |
| Accumulated deficit | (354,664) | (300,647) |
| Stockholders’ equity | 117,651 | 144,140 |
| Total liabilities and stockholders’ equity | $268,059 | $297,129 |
*Includes related party accounts receivable, net of $2.2 million as of December 31, 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.