Company: EVLVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001805385-25-000009
Chunk: 179

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 179
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2,247 (4,274)Change in fair value of public warrant liability3,582 (7,037)Changes in operating assets and liabilitiesAccounts receivable(13,325)(14,067)Inventory6,141 (10,042)Commission assets73 (521)Contract assets(236)237 Other assets197 337 Prepaid expenses and other current assets(18,849)(2,957)Accounts payable6,120 (1,653)Deferred revenue6,205 10,271 Accrued expenses and other current liabilities18,374 (46)Operating lease liability(263)(765)Net cash used in operating activities(426)(37,732)Cash flows from investing activities:Development of internal-use software(3,112)(3,112)Purchases of property and equipment(15,299)(21,618)Purchases of marketable securities(9,875)(14,567)Proceeds from maturities of marketable securities24,675 44,918 Net cash (used in) provided by investing activities(3,611)5,621 Cash flows from financing activities:Proceeds from exercise of stock options4,095 636 Net cash provided by financing activities4,095 636 Effect of exchange rate changes on cash and cash equivalents(131)11 Net decrease in cash, cash equivalents and restricted cash(73)(31,464)Cash, cash equivalents and restricted cashCash, cash equivalents and restricted cash at beginning of period37,015 67,437 Cash, cash equivalents and restricted cash at end of period$36,942 $35,973 Supplemental disclosure of non-cash activitiesTransfer of property and equipment to inventory$3,297 $468 Capital expenditures incurred but not yet paid4,340 3,407 Capitalization of stock compensation480 427 Operating lease liabilities arising from obtaining right-of-use assets— 1,694 Reconciliation of cash, cash equivalents and restricted cash:Cash and cash equivalents$36,942 $35,698 Restricted cash, noncurrent— 275 Total cash, cash equivalents and restricted cash shown in the statements of cash flows$36,942 $35,973 

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Table of ContentsEVOLV TECHNOLOGIES HOLDINGS, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANC