Growth Metrics

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

Evolv Technologies Holdings (EVLV) has disclosed Cost of Revenue for 6 consecutive years, with $36.1 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue rose 192.17% to $36.1 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $80.4 million through Dec 2025, up 35.09% year-over-year, with the annual reading at $70.6 million for FY2025, 59.01% up from the prior year.
  • Cost of Revenue hit $36.1 million in Q4 2025 for Evolv Technologies Holdings, up from $21.5 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $36.1 million in Q4 2025 to a low of $3.2 million in Q1 2021.
  • Historically, Cost of Revenue has averaged $14.0 million across 5 years, with a median of $14.0 million in 2023.
  • Biggest five-year swings in Cost of Revenue: skyrocketed 1119.46% in 2021 and later crashed 30.37% in 2025.
  • Year by year, Cost of Revenue stood at $8.3 million in 2021, then surged by 122.75% to $18.6 million in 2022, then decreased by 22.82% to $14.3 million in 2023, then fell by 13.84% to $12.4 million in 2024, then skyrocketed by 192.17% to $36.1 million in 2025.
  • Business Quant data shows Cost of Revenue for EVLV at $36.1 million in Q4 2025, $21.5 million in Q3 2025, and $11.7 million in Q2 2025.