Evolv Technologies Holdings (EVLV) Balance Sheet: Assets & Liabilities

Evolv Technologies Holdings (EVLV) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Evolv Technologies Holdings reported total assets of $304.41M and total liabilities of $184.99M. Shareholders' equity was $119.42M, up 1.5% from $117.65M a year earlier. Total debt stood at $31.59M against $69.03M in cash and short-term investments, a net cash position of $37.45M. That puts debt-to-equity at 0.26, compared with 0.22 a year earlier.

Evolv Technologies Holdings Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Evolv Technologies Holdings, Inc. (EVLV) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Current Assets
Cash and Cash Equivalents	49.15	37.02	37.02	67.16	229.78	307.49	4.70	17.34
Short-Term Investments	19.89	14.93	14.93	51.66	0.34	0.21	0.00	0.00
Cash & Short-Term Investments	69.04	51.94	51.94	118.82	230.12	307.70	4.70	17.34
Accounts Receivable	30.84	29.19	28.39	21.55	31.92	6.48	1.40	0.98
Inventory	9.32	16.96	16.96	10.34	10.26	2.89	2.74	1.36
Other Current Assets	10.39	23.35	24.15	5.72	4.50	1.89	1.46	0.63
Total Current Assets	151.30	121.45	121.45	173.36	292.58	331.12	10.31	20.31
Non-Current Assets
Property, Plant & Equipment (Net)	139.83	137.65	137.65	114.36	46.38	23.78	9.32	3.69
Long-Term Investments	0.00	0.38	-	0.08	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	11.10	7.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	13.27	8.58	8.96	8.45	7.77	4.54	1.73	0.41
Total Non-Current Assets	153.11	146.61	146.61	123.77	55.53	31.74	11.05	4.09
Total Assets	304.41	268.06	268.06	297.13	348.12	362.86	21.36	24.40
Current Liabilities
Accounts Payable	9.77	10.49	10.49	17.40	18.19	6.05	4.44	2.52
Short-Term Debt	2.99	13.32	-	1.39	10.00	2.00	0.23	3.65
Current Portion of Long-Term Debt	-	-	-	-	10.00	2.00	-	-
Accrued Liabilities	17.69	-	19.51	2.89	0.72	1.11	3.67	-
Deferred Revenue	74.92	64.51	64.51	46.81	18.27	6.60	3.72	1.55
Other Current Liabilities	5.70	8.39	7.39	3.39	1.92	1.24	3.74	1.62
Total Current Liabilities	122.98	96.71	96.71	81.30	59.13	24.33	12.12	9.33
Non-Current Liabilities
Long-Term Debt	28.60	12.33	12.33	0.00	19.68	7.95	16.56	0.00
Other Non-Current Liabilities	2.18	21.11	41.37	35.65	17.61	26.47	1.00	73.27
Total Non-Current Liabilities	62.01	53.70	53.70	71.69	62.00	48.25	18.05	73.58
Total Liabilities	184.99	150.41	150.41	152.99	121.13	72.58	30.16	82.91
Stockholders' Equity
Common Stock	0.02	0.02	0.02	0.02	0.02	0.01	0.00	0.02
Retained Earnings	-387.80	-354.66	-354.66	-300.65	-192.21	-105.80	-93.88	-66.49
Accumulated Other Comprehensive Income	-0.14	-0.03	-0.03	-0.05	-0.01	0.00	0.00	0.00
Additional Paid-in Capital	507.35	472.33	472.33	444.83	419.19	396.06	9.19	7.96
Shares Outstanding	175.40	-	159.60	151.31	145.20	142.75	-	-
Total Stockholders' Equity	119.42	117.65	117.65	144.14	226.99	290.27	-8.81	-58.51
Total Liabilities & Equity	304.41	268.06	268.06	297.13	348.12	362.86	21.36	24.40

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Evolv Technologies Holdings Balance Sheet

How much debt does Evolv Technologies Holdings have?

Evolv Technologies Holdings had total debt of $31.59M as of Dec 31, 2025, against $69.03M in cash and short-term investments. Its debt-to-equity ratio was 0.26. Total debt was $25.64M a year earlier.

What are Evolv Technologies Holdings's total assets?

Evolv Technologies Holdings reported total assets of $304.41M as of Dec 31, 2025, up 13.6% from $268.06M a year earlier. Total liabilities were $184.99M.

What is Evolv Technologies Holdings's shareholders' equity?

Evolv Technologies Holdings's shareholders' equity was $119.42M as of Dec 31, 2025, or about $0.68 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition