Company: EVLVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001805385-25-000017
Chunk: 262

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 262
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 the three and nine months ended September 30, 2025 and 2024. The accretion of discounts on marketable securities is included in interest income on the condensed consolidated statements of operations and comprehensive loss.

4. Fair Value Measurements

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):Fair Value Measurements at September 30, 2025Level 1Level 2Level 3TotalAssets:Money market funds$9,017 $— $— $9,017 Treasury bills— 29,714 — 29,714 Contingently returnable common stock asset— — 3,239 3,239 $9,017 $29,714 $3,239 $41,970 Liabilities:Contingent earn-out liability$— $— $10,512 $10,512 Contingently issuable common stock liability— — 3,638 3,638 Public Warrant liability10,457 — — 10,457 $10,457 $— $14,150 $24,607 

F-12

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

Fair Value Measurements at December 31, 2024Level 1Level 2Level 3TotalAssets:Money market funds$28,946 $— $— $28,946 Treasury bills— 27,417 — 27,417 $28,946 $27,417 $— $56,363 Liabilities:Contingent earn-out liability$— $— $12,809 $12,809 Contingently issuable common stock liability— — 4,001 4,001 Public Warrant liability4,297 — — 4,297 $4,297 $— $16,810 $21,107 Money market funds are included in cash and cash equivalents on the condensed consolidated balance sheets. As of September 30, 2025, U.S. treasury bills with maturities less than 3 months, which totaled $5.0 million, are included in