Short answer
Evolv Technologies Holdings, Inc. (EVLV) filed its Q1 2026 10-Q quarterly report on May 12, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $46M (up 44.7% year over year) with net income of −$5M.
Q1 2026 key financials · XBRL
- Revenue
- $46M
- +44.7% YoY
- Net income
- −$5M
- −196.6% YoY
- Operating margin
- -18.3%
- Gross margin
- 50.9%
- EPS (diluted)
- −$0.03
- −200.0% YoY
Source: XBRL data from the Evolv Technologies Holdings, Inc. (EVLV) Q1 2026 10-Q on SEC EDGAR. USD.
Evolv Technologies Holdings, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $46.3M, up $14.3M from $32.0M YoY
- Net loss $5.0M vs $1.7M; Adjusted EBITDA $3.9M vs $2.1M
- ARR $127.3M vs $106.0M, up 20% YoY
- Purchase subscriptions replacing distributor licensing; license revenue expected to reach zero
- Plexus onboarding targeting scalability and efficiency; supply-chain constraints remain a headwind
Risk Factors
- Newly triggered tariff risk from February 2026 Supreme Court ruling invalidating certain IEEPA tariffs, leaving future trade restrictions uncertain
- Most materially updated supply-chain risk from accelerated global AI adoption, straining semiconductor capacity and increasing shortages, lead times, and cost volatility
- Financial reporting risk from unremediated material weaknesses, contributing to restatements through June 30, 2024 and potentially causing SEC action
- Operational risk from transitioning manufacturing to Plexus while Columbia Tech currently produces all systems, creating onboarding and quality risks
- Profitability risk with $5.9 million quarterly net loss and $393.7 million accumulated deficit as of March 31, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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