Evolv Technologies Holdings EVLV
Evolv Technologies Holdings reported a $15.56 million net loss
Evolv Technologies Holdings (EVLV) filed a 10-Q with the SEC on Nov 10, 2026, 5:02 pm ET. Source: the filing on SEC EDGAR.
Quarterly report, 3 new risk factors
- Form
- 10-Q
- Filed
- Importance
- Major
- Accession
- 0001805385-26-000058
- Revenue: $47.35 million for the three months ended Sep 30, 2026
- Net loss: $15.56 million for the three months ended Sep 30, 2026
- Cash and equivalents: $61.91 million at Sep 30, 2026
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
What changed since last quarter
3 new risk factors · 4 removed · 6 new legal mentions
Compared with the 10-Q for the period ended Jun 30, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $47.35M | $43.75M | +8.2% |
| Operating income and margin | −$14.4M · -30.4% | −$10.55M · -24.1% | −37%, margin −6.3 pts |
| Net income | −$15.56M | −$9.3M | −67% |
| Operating cash flow | $17.96M | $11.9M | +51% |
| Cash | $61.91M | $52.7M | +18% |
| Backlog (remaining performance obligations) | $325.8M | $312.61M | +4.2% |
New risk factors (3)
- We face the risk of losing recurring revenue and forecasting certainty if customers choose not to continue their subscriptions following their initial subscription term, whether by renewing on their existing equipment or entering into a new subscription in connection with an upgrade to new equipment, or if renewal…
- For example, as previously disclosed, the Company has been cooperating with SEC investigations into issues relating to certain aspects of the Company's marketing practices and the events leading to a previously disclosed internal investigation relating to the Company's sales practices. The Company has reached a… +2 more paragraphs
- On July 16, 2026, 1,897,500 contingently returnable shares of NHIC Class B common stock owned by certain NHIC stockholders that were converted into shares of our common stock in connection with the Merger were forfeited and must be returned to us for cancellation pursuant to the agreements governing such shares (the… +3 more paragraphs
Removed risk factors (4)
- We recognize a substantial portion of our revenue ratably over the terms of our agreements with customers, which generally occurs over a four-year period. As a result, a substantial portion of the revenue that we report in each period will be derived from the recognition of deferred revenue relating to agreements…
- For example, in the European Union, the General Data Protection Regulation ("GDPR") imposes requirements on controllers and processors of personal data, including, for example, higher standards for obtaining consent from individuals to process their personal data, more robust disclosures to individuals, a strong…
- Further, in February 2024, the Company received a subpoena from the Division of Enforcement of the SEC requesting documents and information relating to certain aspects of the Company's marketing practices, and the Company has since received additional related requests. The Company is cooperating with the SEC's… +1 more paragraph
- On July 16, 2026, 1,897,500 contingently returnable shares of NHIC Class B common stock owned by certain NHIC stockholders that were converted into shares of our common stock in connection with the Merger were forfeited and must be returned to us for cancellation pursuant to the agreements governing such shares (the… +2 more paragraphs
New legal mentions (6)
- During the three months ended March 31, 2026, the Company was subsequently notified that an additional $0.3 million would be funded by the Company's Directors and Officers insurance coverage.
- Following the fairness hearing on September 24, 2026, the Court issued Orders granting final approval of the proposed settlement in the amount of $15.0 million, entering a final judgment, and dismissing the Class Action with prejudice. +1 more paragraph
- Following the fairness hearing on October 21, 2026, the Court issued a Final Order and Judgment granting final approval of the proposed settlement, awarding $1.3 million in attorneys' fees and expenses to plaintiffs' counsel in the +2 more paragraphs
- Under the terms of the settlement in principle, the Company adjusted the liability related to the SEC matter to $3.5 million as of September 30, 2026. +1 more paragraph
- The Company recognized estimated loss recoveries related to insurance coverage for these matters of $1.6 million and $4.9 million for the three and nine months ended September 30, 2026 and $1.2 million and $6.8 million for the three and nine months ended September 30, 2025, respectively, which were recorded as…
- and 1 more in the filing