Company: EVLVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001805385-25-000009
Chunk: 264

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 264
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discount) on marketable securities, net of change in accrued interest181 — 181 Non-cash lease expense728 — 728 Change in allowance for expected credit losses203 — 203 Change in fair value of earn-out liability(23,413)— (23,413)Change in fair value of contingently issuable common stock(4,274)— (4,274)Change in fair value of public warrant liability(7,037)— (7,037)Changes in operating assets and liabilitiesAccounts receivable(14,020)(47)(14,067)Inventory(10,354)312 (10,042)Commission assets(492)(29)(521)Contract assets2,324 (2,087)237 Other assets337 — 337 Prepaid expenses and other current assets(2,958)1 (2,957)Accounts payable(1,653)— (1,653)Deferred revenue8,333 1,938 10,271 Accrued expenses and other current liabilities79 (125)(46)Operating lease liability(765)— (765)Net cash used in operating activities(37,962)230 (37,732)Cash flows from investing activities:Development of internal-use software(1)(3,408)296 (3,112)Purchases of property and equipment(2)(21,092)(526)(21,618)Purchases of marketable securities(14,567)— (14,567)Proceeds from maturities of marketable securities44,918 — 44,918 

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

Net cash provided by investing activities5,851 (230)5,621 Cash flows from financing activities:Proceeds from exercise of stock options636 — 636 Net cash provided by financing activities636 — 636 Effect of exchange rate changes on cash and cash equivalents11 — 11 Net decrease in cash, cash equivalents and restricted cash(31,464)— (31,464)Cash, cash equivalents and restricted cashCash, cash equivalents and restricted cash at beginning of period67,437 — 67,437 Cash, cash equivalents and restricted cash at end of period$35,973 $— $35,973 Sup