Evolv Technologies Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
EVLV$4.44-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share amounts)
| September 30, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $31,504 | $37,015 |
| Marketable securities | 24,723 | 14,927 |
| Accounts receivable, net of allowance for expected credit losses of $800 and $734 as of September 30, 2025 and December 31, 2024, respectively | 48,883 | 28,392 |
| Inventory | 8,770 | 16,963 |
| Current portion of contract assets | 1,212 | 799 |
| Current portion of commission asset | 5,956 | 5,429 |
| Prepaid expenses and other current assets | 30,593 | 17,921 |
| Total current assets | 151,641 | 121,446 |
| Contract assets, noncurrent | 381 | 657 |
| Commission asset, noncurrent | 7,759 | 7,567 |
| Property and equipment, net | 126,919 | 123,661 |
| Operating lease right-of-use assets | 12,730 | 13,993 |
| Other assets | 4,859 | 735 |
| Total assets | $304,289 | $268,059 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $4,724 | $10,492 |
| Accrued expenses and other current liabilities | 33,954 | 19,508 |
| Current portion of deferred revenue | 77,904 | 64,506 |
| Current portion of operating lease liabilities | 2,765 | 2,203 |
| Total current liabilities | 119,347 | 96,709 |
| Deferred revenue, noncurrent | 18,464 | 20,266 |
| Long-term debt, noncurrent | 28,528 | — |
| Operating lease liabilities, noncurrent | 11,107 | 12,326 |
| Contingent earn-out liability, noncurrent | 10,512 | 12,809 |
| Contingently issuable common stock liability, noncurrent | 3,638 | 4,001 |
| Public warrant liability, noncurrent | 10,457 | 4,297 |
| Total liabilities | 202,053 | 150,408 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 100,000,000 authorized at September 30, 2025 and December 31, 2024; no shares issued and outstanding at September 30, 2025 and December 31, 2024 | — | — |
| Common stock, $0.0001 par value; 1,100,000,000 shares authorized at September 30, 2025 and December 31, 2024; 173,803,265 and 159,602,069 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively | 17 | 16 |
| Additional paid-in capital | 501,040 | 472,331 |
| Accumulated other comprehensive loss | (137) | (32) |
| Accumulated deficit | (398,684) | (354,664) |
| Stockholders’ equity | 102,236 | 117,651 |
| Total liabilities and stockholders’ equity | $304,289 | $268,059 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.