Company: EVLVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001805385-25-000009
Chunk: 261

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 261
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: other immaterial errors previously identified in prior periods corrected as part of the restatement.For the Three and Six Months Ended June 30, 2024Restated Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) Data(In thousands, except share and per share amounts)

F-10

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

Three Months Ended June 30, 2024Six Months Ended June 30, 2024Adj. Reference(a)As ReportedAdjustmentAs RestatedAs ReportedAdjustmentAs RestatedRevenue:Product revenueADJ 1$2,044 $(90)$1,954 $2,647 $798 $3,445 Subscription revenueADJ 115,903 (248)15,655 30,406 (532)29,874 Service revenueADJ 15,553 13 5,566 10,937 (119)10,818 License fee and other revenueADJ 12,040 9 2,049 3,218 50 3,268 Total revenue25,540 (316)25,224 47,208 197 47,405 Cost of revenue:Cost of product revenueADJ 1, ADJ 3, ADJ 43,149 (310)2,839 5,926 27 5,953 Cost of subscription revenueADJ 1, ADJ 2, ADJ 3, ADJ 46,436 (127)6,309 12,215 (321)11,894 Cost of service revenueADJ 1, ADJ 2, ADJ 41,311 10 1,321 2,522 (3)2,519 Cost of license fee and other revenue172 — 172 301 — 301 Total cost of revenue11,068 (427)10,641 20,964 (297)20,667 Gross profit14,472 111 14,583 26,244 494 26,738 Operating expenses:Research and developmentADJ 2, ADJ 45,722 128 5,850 11,927 319 12,246 Sales and marketingADJ 1, ADJ 416,892 119