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Evolv Technologies Holdings (EVLV) Cost of Revenue (2020 - 2025)

Evolv Technologies Holdings' Cost of Revenue history spans 6 years, with the latest figure at $19.9 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 47.72% year-over-year to $19.9 million; the TTM value through Dec 2025 reached $71.2 million, up 31.27%, while the annual FY2025 figure was $70.6 million, 16.44% up from the prior year.
  • Cost of Revenue for Q4 2025 was $19.9 million at Evolv Technologies Holdings, down from $21.5 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $21.5 million in Q3 2025 and bottomed at $2.6 million in Q1 2021.
  • The 5-year median for Cost of Revenue is $12.8 million (2023), against an average of $12.4 million.
  • The largest annual shift saw Cost of Revenue skyrocketed 270.86% in 2022 before it crashed 53.04% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $15.6 million in 2021, then increased by 16.44% to $18.2 million in 2022, then plummeted by 53.04% to $8.5 million in 2023, then surged by 57.87% to $13.5 million in 2024, then soared by 47.72% to $19.9 million in 2025.
  • Per Business Quant, the three most recent readings for EVLV's Cost of Revenue are $19.9 million (Q4 2025), $21.5 million (Q3 2025), and $16.3 million (Q2 2025).