Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001628280-25-020355
Chunk: 116

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 7
Chunk 116
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5,252 2,759 2,493 90 License fee and other revenue1,219 578 641 111 Total revenue22,181 20,122 2,059 10 Cost of revenue:Cost of product revenue3,114 12,362 (9,248)(75)Cost of subscription revenue5,585 2,334 3,251 139 Cost of service revenue1,198 583 615 105 Cost of license fee and other revenue129 304 (175)(58)Total cost of revenue10,026 15,583 (5,557)(36)Gross profit12,155 4,539 7,616 168 Operating expenses:Research and development6,396 5,395 1,001 19 Sales and marketing15,859 12,638 3,221 25 General and administrative11,806 8,928 2,878 32 Loss from impairment of property and equipment— 137 (137)*Total operating expenses34,061 27,098 6,963 26 Loss from operations(21,906)(22,559)653 3 Other income (expense), net:Interest expense— (654)654 *Interest income1,085 953 132 14 Other income (expense), net(28)19 (47)(247)Loss on extinguishment of debt— (626)626 *Change in fair value of contingent earn-out liability6,899 (3,318)10,217 308 Change in fair value of contingently issuable common stock liability527 (742)1,269 171 Change in fair value of public warrant liability2,151 (1,750)3,901 223 Total other income (expense), net10,634 (6,118)16,752 274 Net loss$(11,272)$(28,677)$17,405 61 %Gross profit margin:Product revenue(109) %(16) %N/A(92) %Subscription revenue61 %62 %N/A(1) %Service revenue77 %79 %N/A(2) %License fee and other revenue89 %47 %N/A42 %

*N/A – Not meaningful

69

Revenue, Cost of Revenue and Gross Profit

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