Filing Flows › Evolv Technologies Holdings (EVLV) › How it makes money
How Evolv Technologies Holdings (EVLV) makes money
Evolv Technologies Holdings (EVLV) made $43.8M of revenue in the second quarter 2026 (Q2 2026), +34% from a year earlier. Subscription revenue brought in $24.8M (57%); Product revenue brought in $9.1M (21%); Service revenue brought in $9.0M (20%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subscription revenue | $24.8M | 56.6% | +7% | +23% |
| Product revenue | $9.1M | 20.8% | -32% | +260% |
| Service revenue | $9.0M | 20.5% | +4% | +34% |
| License fee and other revenue | $898K | 2.1% | -23% | -71% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $43.8M | 100.0% |
| Operating cash flow | $11.9M | 27.2% |
| Free cash flow | $3.5M | 8.0% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $43.8M | +34% |
| Q1 2026 | $46.3M | +45% |
| Q4 2025 | $38.5M | +32% |
| Q3 2025 | $42.9M | +57% |
| Q2 2025 | $32.5M | +29% |
| Q1 2025 | $32.0M | +44% |
| Q4 2024 | $29.1M | +41% |
From Evolv Technologies Holdings' 10-Q filed Aug 11, 2026 (on EDGAR).
Questions
How does Evolv Technologies Holdings make money?
Evolv Technologies Holdings (EVLV) made $43.8M of revenue in the second quarter 2026 (Q2 2026), +34% from a year earlier. Subscription revenue brought in $24.8M (57%); Product revenue brought in $9.1M (21%); Service revenue brought in $9.0M (20%).
What is Evolv Technologies Holdings' biggest business?
Subscription revenue: $24.8M in the second quarter 2026, 57% of revenue, +23% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.