Evolv Technologies Holdings, Inc. · NASDAQ:EVLV

Evolv Technologies — Q1 2026 Earnings Presentation

11 slides from Evolv Technologies's earnings presentation, May 12, 2026

  1. Slide 1: Evolv Technology Reports First Quarter Financial Results

    May 12, 2026 Evolv Technology Reports First Quarter Financial Results — Company Raises Outlook for 2026 — Q1'26 Revenue of $46.3 million, up 45% year-over-year Q1'26 Ending ARR1 of $127.3 million, up 20% year-over-year Q1'26 Net Loss of $(5.0) million, with Net Profit Margin of (10.8)% Q1'26 Adjuste

  2. Slide 2: Revenue Breakdown and Outlook for 2026

    Three Months Ended March 31, 2026 2025 % Change Recurring revenue $ 31,176 $ 25,753 21% Non-recurring revenue 15,152 6,254 142% Total revenue $ 46,328 $ 32,007 45% The following table summarizes operating cash flows for each period presented: Three Months Ended March 31, 2026 2025 Net loss $ (5,009)

  3. Slide 3: Trademarks and Definitions of ARR and Non-GAAP Measures

    Sports Technology”. Evolv®, Evolv Express®, Evolv Insights®, Evolv Visual Gun Detection™, Evolv eXpedite™, and Evolv Eva™ are registered trademarks or trademarks of Evolv Technologies, Inc. in the United States and other jurisdictions. For more information, visit evolv.com. 1 We define Annual Recurr

  4. Slide 4: Non-GAAP Financial Measures Discussion

    which management believes provides a more meaningful representation of operating results. Management presents non-GAAP financial measures because it considers them to be important supplemental measures of performance. Management uses non-GAAP financial measures for planning purposes, including analy

  5. Slide 5: Forward-Looking Statements

    expected to be received for defense costs for counsel and consultants in connection with the securities litigation and related Securities and Exchange Commission (the “SEC”) and Department of Justice matters, and the following: our history of losses and ability to reach profitability; our reliance o

  6. Slide 6: Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

    EVOLV TECHNOLOGY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (In thousands, except share and per share data) (Unaudited) Three Months Ended March 31, 2026 2025 Revenue: Product revenue $ 13,421 $ 2,322 Subscription revenue 23,148 19,237 Service revenue 8,589 6,730

  7. Slide 7: Condensed Consolidated Balance Sheets

    EVOLV TECHNOLOGY CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share data) (Unaudited) December 31, March 31, 2026 2025 Assets Current assets: Cash and cash equivalents $ 56,081 $ 49,150 Marketable securities 4,992 19,885 Accounts receivable, net 42,713 30,841 Inventory 8

  8. Slide 8: Condensed Consolidated Statements of Cash Flows

    EVOLV TECHNOLOGY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) Three Months Ended March 31, 2026 2025 Cash flows from operating activities: Net loss $ (5,009) $ (1,689) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortizat

  9. Slide 9: Reconciliation of GAAP Operating Expenses to Adjusted Operating Expenses

    EVOLV TECHNOLOGY RECONCILIATION OF GAAP OPERATING EXPENSES TO ADJUSTED OPERATING EXPENSES (In thousands) (Unaudited) Three Months Ended, March 31, June 30, September 30, December 31, March 31, 2025 2025 2025 2025 2026 Operating expenses, GAAP $ 33,539 $ 33,711 $ 29,902 $ 26,613 $ 32,071 Stock-based

  10. Slide 10: Reconciliation of GAAP Net Loss to Adjusted EBITDA

    EVOLV TECHNOLOGY RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA AND NET PROFIT MARGIN TO ADJUSTED EBITDA MARGIN (In thousands) (Unaudited) Three Months Ended March 31, 2026 2025 Net loss $ (5,009) $ (1,689) Depreciation and amortization 6,801 5,530 Stock-based compensation 5,587 4,879 I

  11. Slide 11: Supplemental Non-GAAP Reconciliation Tables

    Three Months Ended, March 31, June 30, September 30, December 31, March 31, 2025 2025 2025 2025 2026 Stock-based compensation: Cost of product revenue $ 8 $ 17 $ 32 $ 39 $ 58 Cost of subscription revenue 137 167 146 135 138 Cost of service revenue 67 74 72 80 100 Cost of license fee and other revenu

Evolv Technologies Holdings — Q1 2026 Earnings Presentation on 6ix