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Evolv Technologies (EVLV) Revenue & Revenue Breakdown

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Evolv Technologies Revenue Highlights

Latest Revenue (Y)

$145.91M

Latest Revenue (Q)

$32.54M

Main Segment (Y)

Subscription and Circulation

Main Geography (Y)

UNITED STATES

Evolv Technologies Revenue by Period

Evolv Technologies Revenue by Year

DateRevenueChange
2025-12-31$145.91M40.48%
2024-12-31$103.86M29.16%
2023-12-31$80.42M52.54%
2022-12-31$52.72M125.36%
2021-12-31$23.39M388.88%
2020-12-31$4.79M-18.15%
2019-12-31$5.85M-

Evolv Technologies generated $145.91M in revenue during NA 2025, up 40.48% compared to the previous quarter, and up 3049.22% compared to the same period a year ago.

Evolv Technologies Revenue by Quarter

DateRevenueChange
2025-06-30$32.54M1.68%
2025-03-31$32.01M9.99%
2024-12-31$29.10M6.36%
2024-09-30$27.36M7.13%
2024-06-30$25.54M17.87%
2024-03-31$21.67M-0.70%
2023-12-31$21.82M8.07%
2023-09-30$20.19M1.85%
2023-06-30$19.82M6.70%
2023-03-31$18.58M-11.03%
2022-12-31$20.89M26.35%
2022-09-30$16.53M82.25%
2022-06-30$9.07M4.07%
2022-03-31$8.71M27.30%
2021-12-31$6.85M-18.18%
2021-09-30$8.37M86.76%
2021-06-30$4.48M12.03%
2021-03-31$4.00M96.51%
2020-12-31$2.04M39.29%
2020-09-30$1.46M125.12%
2020-06-30$649.00K-

Evolv Technologies generated $32.54M in revenue during Q2 2025, up 1.68% compared to the previous quarter, and up 150.19% compared to the same period a year ago.

Evolv Technologies Revenue Breakdown

Evolv Technologies Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 23Dec 22Dec 21
Service$76.46M$69.90M$67.10M$5.64M-
Product$24.32M$10.73M$26.67M$31.98M-
Subscription and Circulation$206.45M$191.57M$172.27M$17.57M-
Leased Equipment---$17.57M-
Professional Services---$976.00K-
Maintenance revenue----$2.51M
Subscription revenue.----$25.07M
Service revenue.----$22.00K
Product revenue----$68.00K

Evolv Technologies's latest annual revenue breakdown by segment (product or service), as of Dec 25: Subscription and Circulation (67.20%), Service (24.89%), and Product (7.92%).

Quarterly Revenue by Product

Product/ServiceDec 25Jun 25Mar 25Dec 24Jun 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Product$15.79M$5.35M$3.18M$2.17M$3.15M$2.78M$10.67M$7.24M$8.75M$12.81M$9.84M$4.15M$36.00K--
Subscription and Circulation-$202.31M$194.53M$17.26M$191.12M$186.57M$157.84M$7.96M$6.47M$5.36M$5.20M$4.01M---
Service-$67.21M$64.35M$6.56M$68.33M$66.06M$59.12M$4.62M$3.36M$2.72M$1.49M$918.00K$24.00K--
Leased Equipment--------$6.47M$5.36M$5.20M$4.01M$3.02M--
Professional Services--------$583.00K$330.00K$313.00K$189.00K$148.00K--
SaaS and Maintenance Services----------$1.18M$729.00K$353.00K--
Product revenue------------$5.19M--
Subscription revenue.-------------$2.74M-
Subscription And Circulation--------------$21.80M
Maintenance--------------$1.97M

Evolv Technologies's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Product (100.00%).

Evolv Technologies Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 25Dec 24Dec 23Dec 22
Non-US$5.25M$3.87M$1.86M$1.38M
UNITED STATES$140.65M$100.00M$78.56M$53.81M

Evolv Technologies's latest annual revenue breakdown by geography, as of Dec 25: UNITED STATES (96.40%), and Non-US (3.60%).

Evolv Technologies Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ALGTAllegiant Travel$2.61B$561.93M
HSIIHeidrick & Struggles$1.12B$327.90M
CRAICRA$751.58M$185.89M
GRCGorman-Rupp$682.39M$172.82M
LNNLindsay$676.37M$155.82M
RHLDResolute Management$462.06M$120.86M
NSSCNapco Security$188.82M$48.17M
EVLVEvolv Technologies$145.91M$32.54M
SLDPSolid Power$21.75M$4.56M
EVEXEve--
PRGPROG--

EVLV Revenue FAQ

What is Evolv Technologies’s yearly revenue?

Evolv Technologies's yearly revenue for 2025 was $145.9M, representing an increase of 40.48% compared to 2024. The company's yearly revenue for 2024 was $103.86M, representing an increase of 29.16% compared to 2023. EVLV's yearly revenue for 2023 was $80.42M, representing an increase of 52.54% compared to 2022.

What is Evolv Technologies’s quarterly revenue?

Evolv Technologies's quarterly revenue for Q2 2025 was $32.54M, a 1.68% increase from the previous quarter (Q1 2025), and a 27.42% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $32.01M, a 9.99% increase from the previous quarter (Q4 2024), and a 47.72% increase year-over-year (Q1 2024). EVLV's quarterly revenue for Q4 2024 was $29.1M, a 6.36% increase from the previous quarter (Q3 2024), and a 33.36% increase year-over-year (Q4 2023).

What is Evolv Technologies’s revenue growth rate?

Evolv Technologies's revenue growth rate for the last 3 years (2023-2025) was 81.43%, and for the last 5 years (2021-2025) was 523.71%.

What are Evolv Technologies’s revenue streams?

Evolv Technologies's revenue streams in c 25 are Service, Product, and Subscription and Circulation. Service generated $76.46M in revenue, accounting 24.89% of the company's total revenue, up 9.38% year-over-year. Product generated $24.32M in revenue, accounting 7.92% of the company's total revenue, up 126.55% year-over-year. Subscription and Circulation generated $206.45M in revenue, accounting 67.20% of the company's total revenue, up 7.77% year-over-year.

What is Evolv Technologies’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Evolv Technologies was Subscription and Circulation. This segment made a revenue of $206.45M, representing 67.20% of the company's total revenue.