Company: EVLVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001805385-25-000009
Chunk: 280

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 280
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 to uncertainty. As a result, a corresponding unrecognized tax benefit has been included within the AETR.  The Company's income tax provision reflects an estimate of federal, state, and foreign income taxes based on enacted tax rates in the jurisdictions in which we operate. The provision is adjusted for the impact of allowable tax credits and deductions, uncertain tax positions, changes in deferred tax assets and liabilities, and changes in tax law. The Company has historically incurred net operating losses.On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law in the United States. The OBBBA introduces various corporate and international tax law changes with staggered effective dates through 2027. Key provisions include immediate R&D expensing, permanent bonus depreciation, modifications to interest expense limitations, and changes to certain international tax rules. While the Company continues to evaluate the potential impact of the OBBBA on its consolidated financial statements, due to its full valuation allowance position on U.S. deferred tax assets, immaterial current tax liabilities, and insignificant foreign earnings from Evolv UK, the Company does not expect the OBBBA to have a material impact on its financial position, results of operations, or effective tax rate.

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Table of ContentsEVOLV TECHNOLOGIES HOLDINGS, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

12. Net (Loss) Income per Share

Basic and diluted net (loss) income per share attributable to common stockholders are calculated as follows (in thousands, except share and per share amounts):Three Months Ended June 30,Six Months Ended June 30,2025202420252024(Restated)(Restated)Numerator:Net (loss) income$(40,535)$3,418$(42,224)$(7,854)Reallocation of net income attributable to participating securities—(41)——Net  (loss) income attributable to common stockholders – basic and diluted$(40,535)$3,377$(42,224)$(7,854)Denominator:Weighted average common shares outstanding – basic165,252,554156,473,080163,042,749154,774,899Weighted average effect of potentially dilutive securities:Stock options—13,047,919——Restricted stock units—1,940,411——Finback Common Stock Warrants—102,533——Total potentially dilutive securities—15,090,863——Weighted average