0001805385-26-000012
SEC filingEvolv Technologies Holdings, Inc. reported total revenue of $145.9 million for fiscal year 2025, generating a gross profit of $75.3 million. The company incurred a net loss of $33.1 million, which was an improvement from the prior year's net loss of $33.2 million. Operating activities generated positive cash flow of $18.7 million, while investing activities used $41.8 million primarily for property and equipment purchases and software development. The company ended the year with $67.4 million in cash and cash equivalents, total assets of $304.4 million, and stockholders' equity of $119.4 million. Key performance drivers included strong subscription revenue growth and continued investment in research and development ($20.6 million) and sales and marketing ($45.6 million).
Evolv Technologies Holdings, Inc. reported fiscal year 2025 results with total revenue of $145.9 million and gross profit of $75.3 million. The company recorded a net loss of $33.1 million, which represents an improvement from the prior year's comprehensive loss of $33.2 million. Operating loss was $48.5 million, while total other income, net contributed $15.4 million, primarily from changes in fair value of various liabilities. The company maintained a strong balance sheet position with total assets of $304.4 million and stockholders' equity of $119.4 million. Cash flow from operations was positive at $18.7 million, demonstrating the company's ability to generate cash despite reporting a net loss.
The company reported total revenue of $145.9 million for fiscal year 2025. The document does not provide segment breakdown or geographic mix data. Revenue growth appears to be driven by the company's core security technology products and services, though specific growth drivers are not quantified in the provided data. The company's revenue model includes product sales, subscription services, and licensing arrangements, though the exact breakdown between these categories is not disclosed in the available information. The absence of segment data suggests the company operates as a single reporting segment or has chosen not to disclose segment-level information in this filing.
Gross margin for fiscal year 2025 was 51.6%, calculated from gross profit of $75.3 million on revenue of $145.9 million. Operating margin was negative 33.2%, reflecting the operating loss of $48.5 million. The company's cost structure included total operating expenses of $123.8 million, comprising research and development ($20.6 million), sales and marketing ($45.6 million), general and administrative ($54.9 million), and restructuring costs ($2.7 million). Total cost of revenue was $70.6 million. The company continues to invest heavily in growth initiatives while working to improve profitability metrics over time.
Cash flow from operating activities was positive $18.7 million, driven by adjustments including depreciation and amortization ($24.3 million) and stock-based compensation ($21.1 million). Investing activities used $41.8 million primarily for purchases of property and equipment ($31.4 million) and development of internal-use software ($5.6 million). Financing activities provided $35.4 million from proceeds from exercise of stock options ($9.1 million) and long-term debt ($26.3 million). The balance sheet shows total assets of $304.4 million including cash and cash equivalents of $49.1 million, marketable securities of $19.9 million, and property and equipment, net of $127.5 million. Total liabilities were $185.0 million including long-term debt of $28.6 million and deferred revenue of $91.6 million (current and noncurrent).
The provided document does not contain specific forward-looking guidance, management commentary, or disclosed strategic priorities for future periods. No quantitative or qualitative outlook information is available in the extracted financial data. The filing includes standard risk factors and disclosures typical of SEC filings, but no specific guidance for fiscal year 2026 or beyond is presented in the provided content. Investors should refer to subsequent filings and company communications for updated guidance and strategic direction.