EVLV - NASDAQ

Evolv Technologies Holdings, Inc.

EVLV·NASDAQ

$6.41

-4.8%

IndustrialsSecurity & Protection Services

Evolv Technologies Holdings, Inc. provides artificial intelligence (AI)-based touchless security screening systems. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives as visitors walk through at a normal pace; Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics; and Evolv Edge to detect non-metallic explosive devices, explosive devices, firearms, and tactical knives without requiring visitors to divest or empty their pockets. The company is headquartered in Waltham, Massachusetts.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.15B

EPS-0.2000

P/E Ratio-32.05

Earnings Date08/13/2026

18.67M

Operating Cash Flow

-161%

3Y-125.0%

5Y-180.0%

10Y-223.0%

-41.83M

Investing Cash Flow

2890%

3Y+75.0%

5Y+533.0%

10Y+5622.0%

35.40M

Financing Cash Flow

1857%

3Y+73.0%

5Y+106.0%

10Y+27.0%

Evolv Technologies Holdings, Inc. Cash Conversion Engine

EVLV · NASDAQ

FCF Components

Net Income-33.14M

Depreciation & Amortization24.21M

Stock-Based Compensation21.10M

Change in Working Capital13.27M

Others-6.77M

Capital Expenditures-31.37M

Free Cash Flow-12.70M

Cash Flow Quality Analysis

FCF Conversion Rate

38.3%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

168.0%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+81.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$13.27M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Evolv Technologies Holdings, Inc. Cash Flow Statement

EVLV • NASDAQ

Evolv Technologies Holdings, Inc. Cash Flow Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
OPERATING ACTIVITIES
Net Income	-33.1M	-54M	-108M	-86.8M	-10.9M	-27.4M	-19.9M
Depreciation & Amortization	24.2M	17.4M	9.7M	5.4M	2.9M	1.1M	535K
Change in Deferred Taxes	0.0	0.0	0.0	0.0	0.0	0.0	750K
Stock-Based Compensation	21.1M	24.8M	24.1M	22.5M	9.6M	662K	264K
Other Non-Cash Items	-6.8M	-19.6M	25.4M	-10.6M	-41.3M	138K	498K
Cash Taxes Paid	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(2K)
Change in Working Capital	13.3M	660K	39M	-5.3M	-17.1M	2.3M	2.6M
Cash from Operating Activities	18.7M	-30.9M	-9.8M	-74.7M	-56.8M	-23.3M	-15.2M
INVESTING ACTIVITIES
Investments in Property, Plant, and Equipment	-31.4M	-31.2M	-69.1M	-21.5M	-16.6M	-6.6M	-731K
Purchase of Investments	-39.4M	-29.4M	-89.9M	(0.0)	(0.0)	(0.0)	(0.0)
Sale/Maturity of Investments	34.6M	65.3M	39.2M	0.0	0.0	0.0	0.0
Other Investing Items	-5.6M	-6.1M	-3.3M	-2.4M	-1M	0.0	0.0
Cash from Investing Activities	-41.8M	-1.4M	-123.1M	-23.9M	-17.6M	-6.6M	-731K
FINANCING ACTIVITIES
Net Issuance of Common Stock	9.1M	0.0	0.0	0.0	300M	0.0	0.0
Net Issuance of Debt	26.3M	0.0	-30M	19.7M	26.1M	14M	4.8M
Other Financing Items	0.0	1.8M	336K	827K	51.7M	198K	631K
Cash from Financing Activities	35.4M	1.8M	-29.7M	20.5M	377.8M	17.2M	27.8M
CASH FLOW SUMMARY
Effect of Foreign Exchange Rates	-109K	21K	-43K	-10K	0.0	0.0	0.0
Net Change in Cash	12.1M	-30.4M	-162.6M	-78.1M	303.5M	-12.6M	11.9M
Cash at Beginning of Period	37M	67.4M	230.1M	308.2M	4.7M	17.3M	5.5M
Cash at End of Period	49.2M	37M	67.4M	230.1M	308.2M	4.7M	17.3M
Free Cash Flow	-12.7M	-68.2M	-82.5M	-98.9M	-74.4M	-29.9M	-15.9M

SEC Filings

EVLV - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 13, 2026	May 13, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 12, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 12, 2026	May 12, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 30, 2026	June 18, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 10, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 10, 2026	March 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 12, 2026	February 10, 2026	2026	View Filing
8-K 8-K 2025 N/A	November 13, 2025	November 13, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 13, 2025	September 30, 2025	2025	View Filing
10-Q 10-Q 2025 Q2 Q2	August 14, 2025	June 30, 2025	2025	View Filing

Showing 1 to 10 of 110 filings

Related Guides

Blog Categories

Continue your EVLV research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.