Company: EVLVW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001628280-25-026845
Chunk: 184

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 184
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 of earn-out liability(6,899)— (6,899)Change in fair value of contingently issuable common stock(527)— (527)Change in fair value of public warrant liability(2,151)— (2,151)Changes in operating assets and liabilitiesAccounts receivable848 1,309 2,157 Inventory(2,091)331 (1,760)Commission assets(70)(19)(89)Contract assets1,313 (1,033)280 Other assets203 — 203 Prepaid expenses and other current assets(3,746)8 (3,738)Accounts payable(760)65 (695)Deferred revenue231 (789)(558)Accrued expenses and other current liabilities(1,628)(315)(1,943)Operating lease liability(392)— (392)Net cash used in operating activities(16,083)(68)(16,151)Cash flows from investing activities:Development of internal-use software(1)(1,797)230 (1,567)Purchases of property and equipment(2)(19,665)(162)(19,827)Purchases of marketable securities(14,567)— (14,567)Proceeds from maturities of marketable securities29,241 — 29,241 Net cash used in investing activities(6,788)68 (6,720)Cash flows from financing activities:Proceeds from exercise of stock options302 — 302 Net cash provided by financing activities302 — 302 Effect of exchange rate changes on cash and cash equivalents3 — 3 Net decrease in cash, cash equivalents and restricted cash(22,566)— (22,566)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$44,871 $— $44,871 

F-11

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

Supplemental disclosure of non-cash activitiesTransfer of property and equipment to inventory$468 $— $468 Capital expenditures incurred but not yet paid12,030 — 12,030 Capitalization of stock compensation195 (20)175 Operating lease liabilities