Company: EVLVW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001628280-25-026845
Chunk: 240

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 240
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41,211 (13)1,198 Cost of license fee and other revenue129 — 129 Total cost of revenue9,896 130 10,026 Gross profit11,772 383 12,155 Operating expenses:Research and developmentADJ 2, ADJ 46,205 191 6,396 Sales and marketingADJ 1, ADJ 416,005 (146)15,859 General and administrativeADJ 411,840 (34)11,806 Total operating expenses34,050 11 34,061 Loss from operations(22,278)372 (21,906)Other income (expense), net:Interest income1,085 — 1,085 Other expense, net(28)— (28)Change in fair value of contingent earn-out liability6,899 — 6,899 Change in fair value of contingently issuable common stock liability527 — 527 Change in fair value of public warrant liability2,151 — 2,151 Total other income (expense), net10,634 — 10,634 Loss before income taxes(11,644)372 (11,272)Net loss$(11,644)$372 $(11,272)Weighted average common shares outstanding – basic and diluted153,076,719 — 153,076,719 Net loss per share - basic and diluted$(0.08)$0.01 $(0.07)Net loss$(11,644)$372 $(11,272)Other comprehensive lossCumulative translation adjustment3 — 3 Total other comprehensive loss3 — 3 Total comprehensive loss$(11,641)$372 $(11,269)(a) Category references are described above. Where adjustments relate to multiple categories, the adjustment amounts of each category are noted below and sum to the total adjustment reflected in the table above:Cost of product revenue: ADJ 1 = $385, ADJ 3 = ($44), ADJ 4 = ($4)Cost of subscription revenue: ADJ 1 = ($56), ADJ 2 = ($1), ADJ 3 = ($171), ADJ 4  = $34Cost of service revenue: ADJ 2 = ($1), ADJ 4 = ($12) 

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Table of ContentsEVOLV TECHNOLOGIES HOLDINGS,