Subscription & Circulation was Evolv Technologies Holdings’s largest product and service line in fiscal 2025, bringing in $83.84M of $145.91M (57%).
| Product and Service | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Subscription & Circulation | $17.04M | $36.20M | $65.05M | $83.84M | |
| Product | $29.79M | $22.77M | $6.46M | $21.64M | |
| Product Revenue | — | — | — | — | |
| Service Revenue | $4.60M | $15.61M | $23.47M | $29.38M | |
| Saas, Maintenance, & Other Revenue | — | — | — | — | |
| Leased Equipment | — | — | — | — | |
| License Fees | — | $2.96M | $7.18M | $8.08M | |
| Professional Services & Other Revenue | — | $2.03M | $1.71M | $2.98M | |
| License Fee & Other Revenue | $1.30M | — | — | — | |
| Professional Services | — | — | — | — | |
| Total | $52.72M | $79.57M | $103.87M | $145.91M |
Evolv Technologies Holdings brought in $145.91M from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 40.5% from $103.87M in fiscal 2024. Subscription & Circulation was the largest at $83.84M (57.5%), ahead of Service Revenue at $29.38M (20.1%) and Product at $21.64M (14.8%). The other two lines brought in $11.05M combined.
Compared with fiscal 2024, Product grew fastest, up 234.7% to $21.64M. Every line above 2% of revenue grew.
Evolv Technologies Holdings began breaking out License Fees in fiscal 2023 and Professional Services & Other Revenue in fiscal 2023. Evolv Technologies Holdings stopped reporting License Fee & Other Revenue as a separate line after fiscal 2022, when it brought in $1.30M.
United States was Evolv Technologies Holdings’s largest region in fiscal 2025, bringing in $140.65M of $145.91M (96%).
| Geography | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| United States | $51.32M | $77.70M | $100.00M | $140.65M | |
| Foreign | $1.40M | $1.86M | $3.87M | $5.25M | |
| Total | $52.72M | $79.57M | $103.87M | $145.91M |
Evolv Technologies Holdings brought in $145.91M from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 40.5% from $103.87M in fiscal 2024. United States was the largest at $140.65M (96.4%), ahead of Foreign at $5.25M (3.6%).
Compared with fiscal 2024, United States grew 40.7% to $140.65M and Foreign grew 35.7% to $5.25M. From fiscal 2022 to 2025, combined revenue from these regions grew from $52.72M to $145.91M, a compound annual growth rate of 40.4%. United States' share of the total fell from 97.3% to 96.4%.
As Reported was Evolv Technologies Holdings’s largest revenue line in fiscal 2023, bringing in $80.42M of $79.57M (101%).
| Revision of Prior Period | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|
| As Reported | — | $55.20M | $80.42M |
| As Previously Reported | $23.69M | — | — |
| Adjustment | -$299.00K | -$2.48M | -$853.00K |
| Total | $23.39M | $52.72M | $79.57M |
Evolv Technologies Holdings brought in $79.57M from its two revenue lines in fiscal 2023, the year ended December 31, 2023. That was up 50.9% from $52.72M in fiscal 2022. As Reported was the largest at $80.42M (101.1%).
Evolv Technologies Holdings began breaking out As Reported in fiscal 2022, when it brought in $55.20M. Evolv Technologies Holdings stopped reporting As Previously Reported as a separate revenue line after fiscal 2021, when it brought in $23.69M. The total is net of Adjustment, which took $853.00K off revenue in fiscal 2023.
Evolv Technologies Holdings (EVLV) reports its revenue by product and service, by geography and by revision of prior period. In fiscal 2025, Subscription & Circulation was its largest product and service line, bringing in $83.84M (57.5% of the total), followed by Service Revenue at $29.38M (20.1%).
Subscription & Circulation was Evolv Technologies Holdings' largest product and service line in fiscal 2025, bringing in $83.84M, or 57.5% of the $145.91M total across its five product and service lines.
United States was Evolv Technologies Holdings' largest region in fiscal 2025, bringing in $140.65M, or 96.4% of the $145.91M total across its two regions.
As Reported was Evolv Technologies Holdings' largest revenue line in fiscal 2023, bringing in $80.42M, or 101.1% of the $79.57M total across its two revenue lines.
Among Evolv Technologies Holdings' product and service lines that make up at least 2% of revenue, Product grew fastest in fiscal 2025, up 234.7% from $6.46M to $21.64M.
Every figure comes from Evolv Technologies Holdings' annual financial filings, as reported. Each line keeps the name Evolv Technologies Holdings gives it, and years follow its fiscal calendar.
Evolv Technologies Holdings' revenue by product and service goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.