Evolv Technologies Holdings (EVLV) Research & Development (2020 - 2026)
Evolv Technologies Holdings (EVLV) posted Research & Development of $5.78 million for Q2 2026, up 22.0% from $4.74 million a year earlier but down 1.8% from the prior quarter.
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Analysis
Evolv Technologies Holdings (EVLV) Research & Development (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Evolv Technologies Holdings was $22.69 million, up 9.1% year-over-year; for FY2025, it came in at $20.62 million, down 12.1% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 5.8% (FY2020 to FY2025).
- In prior years, Evolv Technologies Holdings' Research & Development was $23.45 million in FY2024 (-4.2%), $24.47 million in FY2023 (+32.0%), $18.54 million in FY2022 (+61.8%) and $11.46 million in FY2021 (-26.3%).
- Quarterly Research & Development has run from a low of $3.06 million in Q4 2021 to a high of $6.4 million in Q1 2024 over five years.
- On a year-over-year basis, Research & Development has increased in each of the last three quarters, with an average decline of 3.3% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q2 2022, with growth of 317.8%; the weakest was Q4 2021, with a decline of 37.9%.
- According to Business Quant data, Research & Development for the three prior quarters was $5.89 million (Q1 2026), $5.41 million (Q4 2025) and $5.61 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 208.69 Mn |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 163.00 Mn |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 679.00 Mn |
| 10 | Evolv Technologies Holdings | 840.90 Mn | 591.94 Mn | 21.95 Mn | 5.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.78 Mn |
| Mar 31, 2026 | 5.89 Mn |
| Dec 31, 2025 | 5.41 Mn |
| Sep 30, 2025 | 5.61 Mn |
| Jun 30, 2025 | 4.74 Mn |
| Mar 31, 2025 | 4.86 Mn |
| Dec 31, 2024 | 5.39 Mn |
| Sep 30, 2024 | 5.81 Mn |
| Jun 30, 2024 | 5.85 Mn |
| Mar 31, 2024 | 6.40 Mn |
| Dec 31, 2023 | 6.30 Mn |
| Sep 30, 2023 | 6.39 Mn |
| Jun 30, 2023 | 6.39 Mn |
| Mar 31, 2023 | 5.40 Mn |
| Dec 31, 2022 | 4.81 Mn |
| Sep 30, 2022 | 5.18 Mn |
| Jun 30, 2022 | 4.37 Mn |
| Mar 31, 2022 | 4.18 Mn |
| Dec 31, 2021 | 3.06 Mn |
| Sep 30, 2021 | 3.61 Mn |
API Access
Evolv Technologies Holdings Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=EVLV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "EVLV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=EVLV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();