Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001628280-25-020355
Chunk: 91

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 7
Chunk 91
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$ Change% Change(Restated)Revenue:Product revenue$6,464 $22,768 $(16,304)(72) %Subscription revenue65,046 36,201 28,845 80 Service revenue23,467 15,606 7,861 50 License fee and other revenue8,888 4,990 3,898 78 Total revenue103,865 79,565 24,300 31 Cost of revenue:Cost of product revenue10,735 27,967 (17,232)(62)Cost of subscription revenue27,846 14,760 13,086 89 Cost of service revenue5,399 3,982 1,417 36 Cost of license fee and other revenue597 949 (352)(37)Total cost of revenue44,577 47,658 (3,081)(6)Gross profit59,288 31,907 27,381 86 Operating expenses:Research and development23,446 24,473 (1,027)(4)Sales and marketing61,291 54,986 6,305 11 General and administrative56,634 42,182 14,452 34 Loss from impairment of property and equipment224 322 (98)(30)Total operating expenses141,595 121,963 19,632 16 Loss from operations(82,307)(90,056)7,749 9 Other income (expense), net:Interest expense— (654)654 *Interest income2,942 6,227 (3,285)(53)Other expense, net(83)(84)1 1 Loss on extinguishment of debt— (626)626 *Change in fair value of contingent earn-out liability16,310 (14,901)31,211 209 Change in fair value of contingently issuable common stock liability2,529 (3,138)5,667 181 Change in fair value of public warrant liability6,592 (4,765)11,357 238 Total other income (expense), net28,290 (17,941)46,231 258 Loss before income taxes(54,017)(107,997)53,980 50  %Provision for income taxes— (51)51 *Net loss$(54,017