Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001628280-25-020355
Chunk: 147

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 7
Chunk 147
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411 662 1,749 264 License fee and other revenue670 794 (124)(16)Total revenue33,927 16,795 17,132 102 Cost of revenue:Cost of product revenue23,617 7,386 16,231 220 Cost of subscription revenue5,726 3,080 2,646 86 Cost of service revenue1,652 733 919 125 Cost of license fee and other revenue1,740 952 788 83Total cost of revenue32,735 12,151 20,584 169 Gross profit1,192 4,644 (3,452)(74)Operating expenses:Research and development13,731 8,399 5,332 63 Sales and marketing33,246 17,756 15,490 87 General and administrative29,484 12,058 17,426 145 Loss from impairment of property and equipment1,038 1,656 (618)(37)Total operating expenses77,499 39,869 37,630 94 Loss from operations(76,307)(35,225)(41,082)(117)Other income (expense), net:Interest expense(489)(5,952)5,463 92 Interest income1,611 — 1,611 *Other expense, net(57)(669)612 91 Loss on extinguishment of debt— (12,685)12,685 *Change in fair value of derivative liability— (1,745)1,745 *Change in fair value of contingent earn-out liability9,754 32,609 (22,855)(70)Change in fair value of contingently issuable common stock liability2,529 5,718 (3,189)(56)Change in fair value of public warrant liability4,297 3,152 1,145 36 Change in fair value of common stock warrant liability— (879)879 *Total other income (expense), net17,645 19,549 (1,904)(10)Net loss$(58,662)$(15,676)$(42,986)(274)%Gross profit margin:Product revenue(25) %28 %N/A(53) %Subscription revenue52 %39 %N/A13 %Service revenue31 %(11