Filing Flows › Evolv Technologies Holdings (EVLV) › Q2 2026
Evolv Technologies Holdings (EVLV) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Evolv Technologies Holdings (EVLV) reported revenue of $43.8M for the second quarter 2026 (Q2 2026), +34% from a year earlier and -6% from the quarter before. Operating margin was -24.1%, net loss $9.3M (21.3% of revenue).
Evolv Technologies Holdings, Q2 2026: revenue $43.8M (+34% year over year), operating margin -24.1%, net loss $9.3M, operating cash flow $11.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.8M | -6% | +34% |
| Operating profit | −$10.6M | — | — |
| Net earnings | −$9.3M | — | — |
| Operating cash flow | $11.9M | — | +463% |
| Free cash flow | $3.5M | — | — |
What changed
Revenue was $43.8M in Q2 2026, up 34% year over year and down 6% from the previous quarter. Subscription revenue was the largest line at 57% of revenue. Product revenue added $6.6M year over year (up 260%), 59% of the total change. License fee and other revenue declined 71%.
Gross margin was 50.2%, up 0.3 points from Q2 2025. Operating costs exceeded revenue by $10.6M, an operating margin of -24.1%. Operating expenses fell 4% while revenue rose 34%. The fastest-growing cost line was Research & development (+22%). The quarter ended with a net loss of $9.3M, wider than the previous quarter's $5.0M loss.
Operating cash flow was $11.9M (up 463% year over year). Non-cash charges added back $7.1M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $8.4M left free cash flow of $3.5M.
Questions
What was Evolv Technologies Holdings' revenue in the second quarter 2026?
Evolv Technologies Holdings (EVLV) reported revenue of $43.8M for the second quarter 2026 (Q2 2026), +34% from a year earlier and -6% from the quarter before.
Was Evolv Technologies Holdings profitable in the second quarter 2026?
Operating loss was $10.6M (-24.1% of revenue) and net loss $9.3M.