Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001628280-25-020353
Chunk: 258

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 8
Chunk 258
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Table of ContentsEVOLV TECHNOLOGIES HOLDINGS, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

Change in fair value of public warrant liability5,345 — 5,345 Changes in operating assets and liabilitiesAccounts receivable2,107 (3,036)(929)Inventory2,041 2,129 4,170 Commission assets(1,757)(345)(2,102)Contract assets75 (160)(85)Other assets352 — 352 Prepaid expenses and other current assets(2,111)138 (1,973)Accounts payable(6,396)— (6,396)Deferred revenue36,551 2,806 39,357 Accrued expenses and other current liabilities278 — 278 Operating lease liability(218)— (218)Net cash used in operating activities(6,658)— (6,658)Cash flows from investing activities:Development of internal-use software(2,202)— (2,202)Purchases of property and equipment(51,646)— (51,646)Proceeds from sale of property and equipment60 — 60 Purchases of marketable securities(58,652)— (58,652)Proceeds from maturities of marketable securities19,647 — 19,647 Net cash used in investing activities(92,793)— (92,793)Cash flows from financing activities:Proceeds from exercise of stock options616 — 616 Proceeds from long-term debt1,876 — 1,876 Repayment of principal on long-term debt(31,876)— (31,876)Payment of debt issuance costs and prepayment penalty(332)— (332)Net cash used in financing activities(29,716)— (29,716)Effect of exchange rate changes on cash and cash equivalents1 — 1 Net decrease in cash, cash equivalents and restricted cash(129,166)— (129,166)Cash, cash equivalents and restricted cashCash, cash equivalents and restricted cash at beginning of period230,058 — 230,058 Cash, cash equivalents and restricted cash at end of period$100,892 $— $100,892 Supplemental disclosure of cash flow informationCash paid for interest$710 $— $710 Supplemental disclosure of non