Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001628280-25-020355
Chunk: 138

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 7
Chunk 138
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Revenue:Product revenue$10,612 $5,194 $5,418 104 %Subscription revenue6,173 3,004 3,169 105 Service revenue2,759 326 2,433 746 License fee and other revenue578 186 392 211 Total revenue20,122 8,710 11,412 131 Cost of revenue:Cost of product revenue12,362 5,206 7,156 137 Cost of subscription revenue2,334 1,542 792 51 Cost of service revenue583 685 (102)(15)Cost of license fee and other revenue304 380 (76)(20)Total cost of revenue15,583 7,813 7,770 99 Gross profit4,539 897 3,642 406 Operating expenses:Research and development5,395 4,175 1,220 29 Sales and marketing12,638 9,672 2,966 31 General and administrative8,928 10,817 (1,889)(17)Loss from impairment of property and equipment137 96 41 43 Total operating expenses27,098 24,760 2,338 9 Loss from operations(22,559)(23,863)1,304 5 Other income (expense), net:Interest expense(654)(142)(512)(361)Interest income953 68 885 1,301 Other income (expense), net19 — 19 *Loss on extinguishment of debt(626)— (626)*Change in fair value of contingent earn-out liability(3,318)3,078 (6,396)(208)Change in fair value of contingently issuable common stock liability(742)1,472 (2,214)(150)Change in fair value of public warrant liability(1,750)5,586 (7,336)(131)Total other income (expense), net(6,118)10,062 (16,180)(161)Net loss$(28,677)$(13,801)$(14,876)(108)%Gross profit margin:Product revenue(16) %— %N/A(16) %Subscription revenue62 %49 %N/A14 %Service revenue79 %(110) %N/A189 %License fee and other