Evolv Technologies Holdings, Inc. (EVLV)

From the record

Evolv Technologies Holdings, Inc.'s filings since 2020 show 13 warning events of 5 kinds: a debt default or acceleration notice (8-K item 2.04, the latest 2023-04-03); a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2025-04-22); a warning not to rely on past financial statements (8-K item 4.02, 3 times, the latest 2024-10-25); an auditor change (8-K item 4.01, 2 times, the latest 2021-08-16); a late-report notice (Form NT 10-K or NT 10-Q, 5 times, the latest 2025-05-15) (its current reports).

From the record

Evolv Technologies Holdings, Inc.'s 6 filed years say what it did: revenue went from $5 million in fiscal 2020 to $146 million in fiscal 2025, up 98.1% a year; it rose in 5 of 5 years; it never fell from a peak; net income was positive in 0 of 6 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Evolv Technologies Holdings, Inc. lost about 28 cents for every dollar of shareholders' money, and gross profitability: its products earned about 25 cents per dollar of everything the company owns. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count grew 7.6% over the year (the filed statements).

From the record

Evolv Technologies Holdings, Inc.'s standing among 19 graded names in its industry family: revenue of $146 million in fiscal 2025 ranks in the bottom 39% by size; a net margin of -22.7% ranks in the bottom 24%; revenue growth of 40.4% a year over the last 3 filed years ranks in the top 8% (its annual reports).

From the record

Evolv Technologies Holdings, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kedzierski, John (President & CEO, as filed), filing under that title since 2024-12-16, 1.9 years (bottom 29% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 4.8 years (bottom 38%); 11 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 32%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Evolv Technologies Holdings, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $49 million against debt of $29 million leaves 6.8% of its assets as net cash, bottom 45% of its family; cash from operations less capital spending is 12.8% of revenue (top 39%); a gross margin of 51.6% (top 34%); research spending of 14.1% of revenue (top 41%) (its annual report).

From the record

Evolv Technologies Holdings, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 40.4% a year over the last three filed years against 98.1% over all 6, slowing (bottom 3% of its family); the newest year grew 40.5% (top 8%); research spending grew 3.6% a year (top 44%); capital spending grew -43.9% a year (bottom 19%) (its annual reports). Evolv Technologies Holdings, Inc. reported 5 product lines in fiscal 2025: Subscription and Circulation at $84 million (57%), Saa S Maintenance and Other at $29 million (20%), Product at $22 million (15%), and 2 more; 5 of 5 grew against the year before (its annual report).

From the record

Evolv Technologies Holdings, Inc.'s newest year against its own record: revenue of $146 million in fiscal 2025 came in 0.1% above the $146 million its prior three years' pace pointed to (bottom 36% of its family); net income of $33 million against a prior three-year average of $83 million (top 25%); a net margin of -22.7% against losses larger than its revenue before (top 8%) (its annual reports).