Company: EVLVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001805385-25-000017
Chunk: 182

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 182
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311)(4,773)Purchases of property and equipment(29,109)(24,443)Purchases of marketable securities(34,481)(14,567)Proceeds from maturities of marketable securities24,675 55,635 Net cash (used in) provided by investing activities(43,226)11,852 Cash flows from financing activities:Proceeds from exercise of stock options8,406 1,151 Proceeds from long-term debt26,316 — Net cash provided by financing activities34,722 1,151 Effect of exchange rate changes on cash and cash equivalents(105)(75)Net decrease in cash, cash equivalents and restricted cash(5,511)(21,129)Cash, cash equivalents and restricted cashCash, cash equivalents and restricted cash at beginning of period37,015 67,437 Cash, cash equivalents and restricted cash at end of period$31,504 $46,308 Supplemental disclosure of cash flow informationCash paid for interest$518 $— Supplemental disclosure of non-cash activitiesTransfer of property and equipment to inventory$5,058 $756 Capital expenditures incurred but not yet paid841 3,983 Capitalization of stock compensation754 701 Operating lease liabilities arising from obtaining right-of-use assets— 14,218 Conversion of contingently issuable common stock3,671 — Reconciliation of cash, cash equivalents and restricted cash:Cash and cash equivalents$31,504 $46,033 Restricted cash— 275 Total cash, cash equivalents and restricted cash shown in the statements of cash flows$31,504 $46,308 

F-6

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

F-7

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

1. Nature of the Business and Basis of Presentation

Evolv Technologies Holdings, Inc. (the “Company”), a Delaware corporation, is a leading security technology company with products designed to transform human security to make a safer, faster, and better experience for the world's most iconic venues and companies as well as schools, hospitals, and public spaces, using industry leading artificial intelligence (AI)-powered screening and analytics. The Company offers two major products, Evolv Express® and Evolv eXpedite™, which