Evolv Technologies Holdings, Inc.
For the period ended Sep 30, 2026. Filed Nov 10, 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.
Sep 30, 2026 · Filed Nov 10, 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 Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(29,871) | $(44,020) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 21,415 | 17,859 |
| Write-off of inventory and change in inventory reserve | 60 | 2,016 |
| Loss on disposal of property and equipment | 333 | 3,503 |
| Stock-based compensation | 19,369 | 15,816 |
| Amortization of debt issuance costs | 862 | 195 |
| Amortization of premium on marketable securities, net of change in accrued interest | 241 | 10 |
| Non-cash lease expense | 1,329 | 1,263 |
| Change in allowance for expected credit losses | 150 | 66 |
| Change in fair value of earn-out liability | (374) | (2,297) |
| Change in fair value of contingently issuable/returnable common stock liability/asset | (1,249) | 69 |
| Loss on remeasurement of common stock receivable | 530 | — |
| Change in fair value of public warrant liability | (3,862) | 6,160 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | (19,721) | (20,557) |
| Inventory | 6,472 | 11,079 |
| Commission assets | 62 | (719) |
| Contract assets | (681) | (137) |
| Other assets | 165 | 437 |
| Prepaid expenses and other current assets | 8,266 | (17,331) |
| Accounts payable | 7,244 | 1,845 |
| Deferred revenue | 15,164 | 11,596 |
| Accrued expenses and other current liabilities | 2,078 | 16,902 |
| Operating lease liability | (1,297) | (657) |
| Net cash provided by operating activities | 26,685 | 3,098 |
| Cash flows from investing activities: | ||
| Development of internal-use software | (4,081) | (4,311) |
| Purchases of property and equipment | (25,411) | (29,109) |
| Purchases of marketable securities | (14,833) | (34,481) |
| Proceeds from maturities of marketable securities | 29,526 | 24,675 |
| Net cash used in investing activities | (14,799) | (43,226) |
| Cash flows from financing activities: | ||
| Proceeds from exercise of stock options | 847 | 8,406 |
| Proceeds from long-term debt | — | 26,316 |
| Net cash provided by financing activities | 847 | 34,722 |
| Effect of exchange rate changes on cash and cash equivalents | 27 | (105) |
| Net increase (decrease) in cash and cash equivalents | 12,760 | (5,511) |
| Cash and cash equivalents | ||
| Cash and cash equivalents at beginning of period | 49,150 | 37,015 |
| Cash and cash equivalents at end of period | $61,910 | $31,504 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $1,812 | $518 |
| Supplemental disclosure of non-cash activities | ||
| Transfer of property and equipment to inventory | $3,008 | $5,058 |
| Capital expenditures incurred but not yet paid | 3,230 | 841 |
| Capitalization of stock compensation | 1,058 | 754 |
| Conversion of contingently issuable common stock | — | 3,671 |
| Receipt and retirement of common stock | 1,236 | — |
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