NASDAQ$EVLV

Evolv Technologies Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Evolv Technologies Holdings Inc reported financial results for the second quarter ended June 30, 2025.

Evolv Technologies Holdings Inc reported total revenue of $32.5 million for Q2 2025, up from the prior year, driven by growth in subscription and service revenue. The company recorded a net loss of $40.5 million and a loss from operations of $17.5 million. Gross profit was $16.2 million with a gross margin of approximately 50%.

  • Total revenue reached $32.5 million, with subscription revenue contributing $20.2 million.
  • Net loss was $40.5 million, impacted by operating expenses of $33.7 million.
  • Product revenue grew to $2.5 million while license fee and other revenue was $3.1 million.
  • Gross profit improved to $16.2 million compared to cost of revenue of $16.3 million.

Headline financials

Total Revenue

$32.5M

Previous: $25.5M+27.4%
EPS (adj)

-$0.25

Previous: $0.02-1350.0%
Net Income

-$40.5M

Previous: $3.46M-1270.9%
Operating Income

-$17.5M

Previous: -$22.3M+21.7%
Gross Profit

$16.2M

Previous: $14.5M+12.1%

Revenue & EPS history

Evolv · Revenue · Quarterly

$32.5M

Q2 2025+27.4%vs Q2 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Evolv · $32.5M total across 4 segments · Q2 2025

  • Subscription revenue
    $20.2M
  • Service revenue
    $6.69M
  • License fee and other revenue
    $3.13M
  • Product revenue
    $2.53M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

+0.9%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+6.3%

Avg return

30 days after

59%

13 / 22 earnings

Positive

+29.2%

Q3 2022

Best reaction

-45.0%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+0.6%-17.6%-11.3%
Q4 2025+9.7%-1.1%+13.5%
Q3 2025-8.7%-10.0%+6.5%
Q1 2025+7.8%+3.1%+3.4%
Q3 2024-0.9%-5.4%+22.3%
Q4 2024-1.4%+4.3%+31.3%
Q2 2024-1.7%+4.1%+23.2%
Q1 2024-38.9%-26.9%-36.3%
Q4 2023-13.7%-18.0%-3.3%
Q3 2023-11.8%+0.8%+13.8%
Q2 2023+26.4%+28.4%+12.6%
Q1 2023+25.2%+28.6%+50.4%
Q4 2022+10.2%+4.7%+13.5%
Q3 2022+29.2%+29.2%+31.4%
Q2 2022+14.5%+18.8%-16.7%
Q1 2022+12.8%+20.9%+57.2%
Q4 2021-45.0%-42.1%-18.4%
Q3 2021+17.5%+9.8%-23.3%
Q2 2021-13.1%-5.8%-33.9%
Q1 2021+0.1%+0.3%+0.1%
Q4 2020+0.2%-0.4%-0.8%
Q3 2020+0.4%+0.7%+2.6%
Q2 2020

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