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

Evolv Technologies Holdings' Cost of Revenue history runs 7 years deep, the most recent figure standing at $12.7 million for Q1 2026.

• In Q1 2026, Cost of Revenue rose 14.74% year-over-year to $12.7 million; the TTM figure through Mar 2026 stood at $86.6 million (up 55.23% YoY), while the FY2025 annual figure was $70.6 million, up 16.44% from the prior year.
• Cost of Revenue came in at $12.7 million for Q1 2026 at Evolv Technologies Holdings, down from $36.1 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 $8.5 million in Q2 2022.
• A 5-year average of $14.7 million and a median of $13.5 million in 2024 frame the typical range for Cost of Revenue.
• Across the five-year window, Cost of Revenue surged 198.15% in 2022 and slipped 20.67% in 2024, its largest moves.
• Evolv Technologies Holdings' Cost of Revenue stood at $13.9 million in 2022, then advanced by 2.84% to $14.3 million in 2023, then retreated by 6.2% to $13.5 million in 2024, then soared by 168.37% to $36.1 million in 2025, then slumped by 64.91% to $12.7 million in 2026.
• According to Business Quant data, Cost of Revenue over the past three periods registered $12.7 million, $36.1 million, and $21.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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