Evolv Technologies Holdings (EVLV) Cost of Revenue (2020 - 2026)

Evolv Technologies Holdings has reported Cost of Revenue for 7 years, with the latest figure at $22.7 million in Q1 2026.

• Quarterly Cost of Revenue rose 76.78% year-over-year to $22.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $80.5 million (up 70.38% YoY) and the FY2025 annual result came in at $70.6 million, up 59.01% from the prior year.
• Cost of Revenue climbed to $22.7 million in Q1 2026 per EVLV's latest filing, from $19.9 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $22.7 million in Q1 2026 and troughed at $7.8 million in Q1 2022.
• A 5-year average of $13.9 million and a median of $12.4 million in 2024 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue surged 230.42% in 2022, then tumbled 44.62% in 2023.
• Over 5 years, Cost of Revenue stood at $18.6 million in 2022, then slumped by 40.71% to $11.0 million in 2023, then advanced by 12.16% to $12.4 million in 2024, then soared by 60.82% to $19.9 million in 2025, then advanced by 14.35% to $22.7 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $22.7 million, $19.9 million, and $21.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.