Company: EVLVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001805385-25-000017
Chunk: 178

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 178
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Loss from impairment of property and equipment— 209 — 209 Total operating expenses29,902 34,961 97,152 106,150 Loss from operations(8,596)(19,152)(40,478)(63,429)Other (expense) income, net:Interest expense(713)— (714)— Interest income436 628 1,049 2,394 Other income (expense), net(44)34 117 (33)Change in fair value of contingent earn-out liability7,521 (8,321)2,297 15,092 Change in fair value of contingently issuable/returnable common stock liability/asset2,178 (2,056)(69)2,218 Change in fair value of public warrant liability(2,578)(1,576)(6,160)5,461 Total other income (expense), net6,800 (11,291)(3,480)25,132 Loss before income taxes(1,796)(30,443)(43,958)(38,297)Provision for income taxes— — 62 — Net loss$(1,796)$(30,443)$(44,020)$(38,297)Net loss attributable to common stockholders – basic and diluted (Note 12)$(1,796)$(30,443)$(44,020)$(38,297)Weighted average common shares outstanding – basic and diluted172,790,098 157,709,229 166,327,570 155,760,149 Net loss per share - basic and diluted$(0.01)$(0.19)$(0.26)$(0.25)Net loss$(1,796)$(30,443)$(44,020)$(38,297)Other comprehensive (loss) incomeCumulative translation adjustment26 (86)(105)(75)Total other comprehensive (loss) income26 (86)(105)(75)Total comprehensive loss$(1,770)$(30,529)$(44,125)$(38,372)

*Includes related party revenue of $2.2 million and $6.1 million for the three and nine months ended September 30, 2024, respectively. There was no related party revenue for the three and nine months ended September 30, 2025.

The accompanying notes are an integral part of these condensed consolidated financial statements.