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

Historic Cost of Revenue for Evolv Technologies Holdings (EVLV) over the last 6 years, with Q3 2025 value amounting to $21.5 million.

  • Evolv Technologies Holdings' Cost of Revenue rose 4395.3% to $21.5 million in Q3 2025 from the same period last year, while for Sep 2025 it was $64.2 million, marking a year-over-year increase of 431.69%. This contributed to the annual value of $61.3 million for FY2024, which is 1146.66% up from last year.
  • Evolv Technologies Holdings' Cost of Revenue amounted to $21.5 million in Q3 2025, which was up 4395.3% from $16.3 million recorded in Q2 2025.
  • In the past 5 years, Evolv Technologies Holdings' Cost of Revenue ranged from a high of $21.5 million in Q3 2025 and a low of $3.2 million during Q1 2021
  • For the 5-year period, Evolv Technologies Holdings' Cost of Revenue averaged around $13.3 million, with its median value being $14.3 million (2023).
  • Per our database at Business Quant, Evolv Technologies Holdings' Cost of Revenue skyrocketed by 54587.63% in 2021 and then crashed by 2063.3% in 2023.
  • Quarter analysis of 5 years shows Evolv Technologies Holdings' Cost of Revenue stood at $8.3 million in 2021, then surged by 116.62% to $18.1 million in 2022, then dropped by 20.63% to $14.3 million in 2023, then decreased by 6.2% to $13.5 million in 2024, then soared by 60.12% to $21.5 million in 2025.
  • Its Cost of Revenue was $21.5 million in Q3 2025, compared to $16.3 million in Q2 2025 and $12.9 million in Q1 2025.