Evolv Technologies Holdings (EVLV) Operating Expenses (2020 - 2026)
Evolv Technologies Holdings (EVLV) posted Operating Expenses of $32.1 million for Q1 2026, up 20.51% sequentially from $26.6 million in Q4 2025, and down 4.38% YoY from $33.5 million in Q1 2025.
Evolv Technologies Holdings (EVLV) Operating Expenses (2020 - 2026) Analysis & Trends
Evolv Technologies Holdings has reported Operating Expenses for 7 years, with the latest figure at $32.1 million in Q1 2026.
- Quarterly Operating Expenses fell 4.38% year-over-year to $32.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $122.3 million (down 13.42% YoY) and the FY2025 annual result came in at $123.8 million, down 12.7% from the prior year.
- Operating Expenses grew to $32.1 million in Q1 2026 per EVLV's latest filing, from $26.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $37.1 million in Q2 2024 and troughed at $24.8 million in Q1 2022.
- A 5-year average of $30.8 million and a median of $31.8 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 244.23% in 2022, then dropped 25.28% in 2025.
- Over 5 years, Operating Expenses stood at $26.9 million in 2022, then grew by 18.34% to $31.8 million in 2023, then increased by 12.1% to $35.6 million in 2024, then retreated by 25.28% to $26.6 million in 2025, then grew by 20.51% to $32.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $32.1 million, $26.6 million, and $29.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Allegion | 13.92 Bn | 13.60 Bn | 517.50 Mn | 262.80 Mn |
| 2 | MSA Safety | 7.28 Bn | 7.08 Bn | 249.29 Mn | 135.44 Mn |
| 3 | Adt | 5.24 Bn | 5.22 Bn | 1.05 Bn | 385.91 Mn |
| 4 | Brinks | 4.68 Bn | 3.02 Bn | 366.10 Mn | 1.26 Bn |
| 5 | Brady | 4.28 Bn | 4.11 Bn | 225.47 Mn | 152.26 Mn |
| 6 | Geo | 4.17 Bn | 3.92 Bn | - | 530.70 Mn |
| 7 | CoreCivic | 3.32 Bn | 3.21 Bn | - | 615.92 Mn |
| 8 | Napco Security Technologies | 1.33 Bn | 1.21 Bn | 29.49 Mn | 30.68 Mn |
| 9 | Evolv Technologies Holdings | 965.35 Mn | 902.72 Mn | 21.95 Mn | 32.50 Mn |
| 10 | Mistras | 609.56 Mn | 587.58 Mn | 56.45 Mn | 46.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.50 Mn |
| Mar 31, 2026 | 32.07 Mn |
| Dec 31, 2025 | 26.61 Mn |
| Sep 30, 2025 | 29.90 Mn |
| Jun 30, 2025 | 33.71 Mn |
| Mar 31, 2025 | 33.54 Mn |
| Dec 31, 2024 | 35.62 Mn |
| Sep 30, 2024 | 34.96 Mn |
| Jun 30, 2024 | 37.13 Mn |
| Mar 31, 2024 | 34.06 Mn |
| Dec 31, 2023 | 31.78 Mn |
| Sep 30, 2023 | 32.08 Mn |
| Jun 30, 2023 | 31.01 Mn |
| Mar 31, 2023 | 27.10 Mn |
| Dec 31, 2022 | 26.85 Mn |
| Sep 30, 2022 | 26.43 Mn |
| Jun 30, 2022 | 26.31 Mn |
| Mar 31, 2022 | 24.76 Mn |
| Dec 31, 2021 | 19.43 Mn |
| Sep 30, 2021 | 22.83 Mn |