Evolv Technologies Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $145.9M | $103.9M | $79.6M | $52.7M | $23.4M | $4.8M |
| Cost of Revenue | $70.6M | $44.4M | $47.7M | $51.3M | $19.4M | $3.5M |
| Gross Profit | $75.3M | $59.5M | $31.9M | $1.4M | $4.0M | $1.3M |
| Gross Margin | 51.6% | 57.2% | 40.1% | 2.7% | 17.2% | 26.9% |
| Operating Expenses | ||||||
| Research & Development | $20.6M | $23.4M | $24.5M | $18.5M | $11.5M | $15.7M |
| SG&A Expense | $54.9M | $56.6M | $42.2M | $38.0M | $19.9M | $5.1M |
| Operating Income | $-48.5M | $-82.3M | $-90.1M | $-103.0M | $-55.3M | $-26.9M |
| Operating Margin | -33.2% | -79.2% | -113.2% | -195.3% | -236.3% | -562.1% |
| Interest Expense | — | — | $654.0K | $712.0K | $6.1M | $430.0K |
| Pretax Income | $-33.1M | $-54.0M | $-108.0M | $-86.8M | $-10.9M | $-27.4M |
| Income Tax Expense | $62.0K | $0 | $51.0K | $0 | $0 | $0 |
| Net Income | $-33.1M | $-54.0M | $-108.0M | $-86.8M | $-10.9M | $-27.4M |
| Net Margin | -22.7% | -52.0% | -135.8% | -164.6% | -46.5% | -572.5% |
| EPS (Basic) | $-0.20 | $-0.34 | $-0.72 | $-0.60 | $-0.08 | $-0.19 |
| EPS (Diluted) | $-0.20 | $-0.34 | $-0.72 | $-0.60 | $-0.08 | $-0.19 |
| Shares Outstanding (Basic) | 168.4M | 156.6M | 149.2M | 143.9M | 143.3M | 142.9M |
| Shares Outstanding (Diluted) | 168.4M | 156.6M | 149.2M | 143.9M | 143.3M | 142.9M |
| Dividends Per Share | — | — | — | — | — | — |