Evolv Technologies Holdings, Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
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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.
Mar 31, 2026 · Filed May 12, 2026
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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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(In thousands, except share and per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue: | ||
| Product revenue | $13,421 | $2,322 |
| Subscription revenue | 23,148 | 19,237 |
| Service revenue | 8,589 | 6,730 |
| License fee and other revenue | 1,170 | 3,718 |
| Total revenue | 46,328 | 32,007 |
| Cost of revenue: | ||
| Cost of product revenue | 11,856 | 3,184 |
| Cost of subscription revenue | 8,367 | 7,896 |
| Cost of service revenue | 2,192 | 1,705 |
| Cost of license fee and other revenue | 314 | 72 |
| Total cost of revenue | 22,729 | 12,857 |
| Gross profit | 23,599 | 19,150 |
| Operating expenses: | ||
| Research and development | 5,885 | 4,862 |
| Sales and marketing | 12,671 | 11,043 |
| General and administrative | 13,515 | 14,972 |
| Restructuring costs | — | 2,662 |
| Total operating expenses | 32,071 | 33,539 |
| Loss from operations | (8,472) | (14,389) |
| Other income, net | ||
| Interest expense | (962) | (1) |
| Interest income | 515 | 389 |
| Other income (expense), net | (37) | 25 |
| Change in fair value of contingent earn-out liability | 374 | 8,976 |
| Change in fair value of contingently issuable/returnable common stock liability/asset | 1,492 | 1,653 |
| Change in fair value of public warrant liability | 2,044 | 1,721 |
| Total other income, net | 3,426 | 12,763 |
| Loss before income taxes | (5,046) | (1,626) |
| (Benefit) provision for income taxes | (37) | 63 |
| Net loss | $(5,009) | $(1,689) |
| Weighted average common shares outstanding – basic and diluted | 177,057,656 | 160,808,391 |
| Net loss per share – basic and diluted | $(0.03) | $(0.01) |
| Net loss | $(5,009) | $(1,689) |
| Other comprehensive income (loss) | ||
| Cumulative translation adjustment | 28 | (46) |
| Total other comprehensive income (loss) | 28 | (46) |
| Total comprehensive loss | $(4,981) | $(1,735) |
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