Filing Flows › Evolv Technologies Holdings (EVLV) › Q4 2024
Evolv Technologies Holdings (EVLV) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 28, 2025
Evolv Technologies Holdings (EVLV) reported revenue of $29.1M for the fourth quarter 2024 (Q4 2024), +41% from a year earlier and +6% from the quarter before. Operating margin was -64.9%, net loss $15.7M (54.0% of revenue).
Evolv Technologies Holdings, Q4 2024: revenue $29.1M (+41% year over year), operating margin -64.9%, net loss $15.7M, operating cash flow $3.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.1M | +6% | +41% |
| Operating profit | −$18.9M | — | — |
| Net earnings | −$15.7M | — | — |
| Operating cash flow | $3.2M | -13% | — |
What changed
Revenue was $29.1M in Q4 2024, up 41% year over year and up 6% from the previous quarter. Subscription and Circulation was the largest line at 59% of revenue. Subscription and Circulation added $4.8M year over year (up 38%), 56% of the total change. Product declined 9%.
Gross margin was 57.5%, up 11.1 points from a year earlier. Operating costs exceeded revenue by $18.9M, an operating margin of -64.9%. Operating expenses grew 12% against revenue growth of 41%. The fastest-growing cost line was General & admin (+51%). The quarter ended with a net loss of $15.7M, narrower than the previous quarter's $30.4M loss. Non-operating items added $3.2M, -20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.2M. Non-cash charges added back $5.4M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $10.1M. Capital expenditures of $6.7M exceeded it, leaving free cash flow of −$3.5M.
Questions
What was Evolv Technologies Holdings' revenue in the fourth quarter 2024?
Evolv Technologies Holdings (EVLV) reported revenue of $29.1M for the fourth quarter 2024 (Q4 2024), +41% from a year earlier and +6% from the quarter before.
Was Evolv Technologies Holdings profitable in the fourth quarter 2024?
Operating loss was $18.9M (-64.9% of revenue) and net loss $15.7M.