Company: EVLVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001805385-25-000009
Chunk: 178

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 178
---
 — — 302 Issuance of common stock upon vesting of restricted stock units3,527,778 — — — — — Stock-based compensation cost— — 6,605 — — 6,605 Cumulative translation adjustment— — — 3 — 3 Net loss (as restated)— — — — (11,272)(11,272)Balances at March 31, 2024 (as restated)155,356,947 $16 $451,731 $(50)$(311,919)$139,778 Issuance of common stock upon net exercise of stock options823,047 — 335 — — 335 Issuance of common stock upon vesting of restricted stock units1,294,128 — — — — — Stock-based compensation cost— — 7,679 — — 7,679 Cumulative translation adjustment— — — 8 — 8 Net income (as restated)— — — — 3,418 3,418 Balances at June 30, 2024 (as restated)157,474,122 $16 $459,745 $(42)$(308,501)$151,218 

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)

(Unaudited)Six Months EndedJune 30,20252024(As Restated)Cash flows from operating activities:Net loss$(42,224)$(7,854)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization11,318 7,358 Write-off of inventory and change in inventory reserve1,794 1,725 Loss on disposal of property and equipment1,633 — Stock-based compensation10,426 13,857 Amortization of premium on marketable securities, net of change in accrued interest127 181 Non-cash lease expense844 728 Change in allowance for expected credit losses166 203 Change in fair value of earn-out liability5,224 (23,413)Change in fair value of contingently issuable common stock