Company: EVLVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001805385-25-000017
Chunk: 181

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 181
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— — — — Stock-based compensation cost— — 7,781 — — 7,781 Cumulative translation adjustment— — — (86)— (86)Net loss— — — — (30,443)(30,443)Balances at September 30, 2024158,288,746 $16 $468,041 $(128)$(338,944)$128,985 

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

F-4

EVOLV TECHNOLOGIES HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

F-5

(Unaudited)Nine Months EndedSeptember 30,20252024Cash flows from operating activities:Net loss$(44,020)$(38,297)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization17,859 11,933 Write-off of inventory and change in inventory reserve2,016 3,151 Loss from impairment of property and equipment— 209 Loss on disposal of property and equipment3,503 — Stock-based compensation15,816 21,364 Non-cash interest expense195 — Amortization of premium on marketable securities, net of change in accrued interest10 261 Non-cash lease expense1,263 1,116 Change in allowance for expected credit losses66 371 Change in fair value of earn-out liability(2,297)(15,092)Change in fair value of contingently issuable common stock69 (2,218)Change in fair value of public warrant liability6,160 (5,461)Changes in operating assets and liabilitiesAccounts receivable(20,557)(13,679)Inventory11,079 (8,327)Commission assets(719)(1,005)Contract assets(137)993 Other assets437 333 Prepaid expenses and other current assets(17,331)(4,093)Accounts payable1,845 216 Deferred revenue11,596 13,559 Accrued expenses and other current liabilities16,902 1,655 Operating lease liability(657)(1,046)Net cash provided by (used in) operating activities3,098 (34,057)Cash flows from investing activities:Development of internal-use software(4,