Filing Flows › Evolv Technologies Holdings (EVLV) › Q1 2026 › vs Q1 2025
Evolv Technologies Holdings (EVLV) Q1 2026 vs Q1 2025 (year over year)
Evolv Technologies Holdings's revenue rose $14.3M (+45%) from $32.0M in Q1 2025 to $46.3M in Q1 2026. The biggest changes: Product revenue +$11.1M (+478%); Subscription revenue +$3.9M (+20%); License fees −$3.0M (-95%).
Evolv Technologies Holdings, Q1 2026: revenue $46.3M (+45% year over year), operating margin -18.3%, net loss $5.0M, operating cash flow −$3.2M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Subscription revenue | $23.1M | $19.2M | $3.9M | +20% |
| Product revenue | $13.4M | $2.3M | $11.1M | +478% |
| Service revenue | $8.6M | $6.7M | $1.9M | +28% |
| License fee and other revenue | $1.2M | $3.7M | −$2.5M | -69% |
| License fees | $172K | $3.2M | −$3.0M | -95% |
| Revenue | $46.3M | $32.0M | $14.3M | +45% |
| Other income, net | $3.4M | $12.8M | −$9.3M | -73% |
| Income tax benefit | $37K | −$63K | $100K | — |
| Net loss | $5.0M | $1.7M | $3.3M | +197% |
| Costs & expenses | $54.8M | $46.5M | $8.3M | +18% |
| Operating costs | $54.8M | $46.4M | $8.4M | +18% |
| Cost of revenue | $22.7M | $12.9M | $9.9M | +77% |
| Research & development | $5.9M | $4.9M | $1.0M | +21% |
| Sales & marketing | $12.7M | $11.0M | $1.6M | +15% |
| General & admin | $13.5M | $15.0M | −$1.5M | -10% |
| Operating cash sources | $15.6M | $12.9M | $2.6M | +20% |
| Depreciation & amortization | $6.8M | $5.5M | $1.3M | +23% |
| Share-based compensation | $5.6M | $4.9M | $708K | +15% |
| Cash used in operations | $3.2M | $2.5M | $640K | +25% |
| Net loss absorbed | $5.0M | $1.7M | $3.3M | +197% |
| Working capital & other | $10.6M | $11.3M | −$701K | -6% |
Questions
How much did Evolv Technologies Holdings's revenue grow year over year in Q1 2026?
Evolv Technologies Holdings's revenue rose $14.3M (+45%) from $32.0M in Q1 2025 to $46.3M in Q1 2026.
What drove Evolv Technologies Holdings's revenue change in Q1 2026?
Product revenue +$11.1M (+478%); Subscription revenue +$3.9M (+20%); License fees −$3.0M (-95%).