<span item_type="fundamental" item_id="d0128693d06c82608800065eb3e08d16" counter_id="ST/US/EVLVW" env="prod"></span><span item_type="announcement" item_id="518277098700603905" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 32.01 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD -0.01.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Total Revenue</strong>: $32.0 million in Q1’25, up 44% YoY from $22.2 million in Q1’24.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li><li><strong>Recurring Revenue</strong>: $25.8 million in Q1’25, up 36% YoY from $19.0 million in Q1’24.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li><li><strong>Non-recurring Revenue</strong>: $6.3 million in Q1’25, up 94% YoY from $3.2 million in Q1’24.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Loss</strong>: - $1.7 million in Q1’25, improved from - $11.3 million in Q1’24.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li><li><strong>Net Profit Margin</strong>: -5% in Q1’25, improved from -51% in Q1’24.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li><li><strong>Adjusted EBITDA</strong>: $1.7 million in Q1’25, compared to - $10.4 million in Q1’24.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: - $2.5 million in Q1’25, improved from - $16.2 million in Q1’24.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Annual Recurring Revenue (ARR)</strong>: $106.0 million at the end of Q1’25, up 34% YoY from $79.2 million at the end of Q1’24.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company expects total revenues in 2025 to be between $125 to $130 million, reflecting growth of 20% to 25% compared to 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li><li>Evolv Technology plans to make near-term investments of approximately $2 million in 2025 to enhance internal controls and drive efficiencies.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li><li>The company anticipates delivering positive full year Adjusted EBITDA in 2025 with margins in the low to mid-single digits and positive free cash flow in Q4’25.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1805385/000162828025026833/evlv-20250520exx991.htm"></span></li></ul>

Evolv Tech Holdings - CW25 | 8-K: FY2025 Q1 Revenue: USD 32.01 M