Company: EVLVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001805385-25-000017
Chunk: 207

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 207
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 income tax provision reflects an estimate of federal, state, and foreign income taxes based on enacted tax rates in the jurisdictions in which we operate. The provision is adjusted for the impact of allowable tax credits and deductions, uncertain tax positions, changes in deferred tax assets and liabilities, and changes in tax law. The Company has historically incurred net operating losses.On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law in the United States. The OBBBA introduces various corporate and international tax law changes with staggered effective dates through 2027. Key provisions include immediate R&D expensing, permanent bonus depreciation, modifications to interest expense limitations, and changes to certain international tax rules. The enacted legislation did not have a material impact on the Company’s financial position, results of operations, or effective tax rate for the nine months ended September 30, 2025, primarily due to its full valuation allowance position on U.S. deferred tax assets, immaterial current tax liabilities, and insignificant foreign earnings from Evolv UK. The Company will continue to monitor and evaluate all applicable provisions of the OBBBA and any potential future impact on its consolidated financial statements.

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

12. Net Loss per Share

Basic and diluted net loss per share attributable to common stockholders are calculated as follows (in thousands, except share and per share amounts):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Numerator:Net loss attributable to common stockholders – basic and diluted$(1,796)$(30,443)$(44,020)$(38,297)Denominator:Weighted average common shares outstanding - basic and diluted172,790,098 157,709,229 166,327,570 155,760,149 Net  loss per share attributable to common stockholders – basic and diluted$(0.01)$(0.19)$(0.26)$(0.25)The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss income per share attributable to common stockholders because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,202520242