Evolv Technologies Holdings (EVLV) Cash Flow: Operating & Free Cash Flow

Evolv Technologies Holdings Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities 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
Operating Activities
Net Income	-33.14	-54.02	-54.02	-108.05	-86.80	-10.89	-27.39	-19.86
Depreciation & Amortization	24.34	17.38	17.38	9.70	5.44	2.90	1.07	0.54
Deferred Income Tax	0.00	0.00	-	0.00	0.00	0.00	0.00	0.75
Stock Based Compensation	21.10	24.76	24.76	24.13	22.52	9.60	0.66	0.26
Change in Working Capital	13.27	0.66	0.66	39.05	-5.28	-17.08	2.27	2.63
Change in Accounts Receivable	-2.32	-6.09	-7.00	4.51	-20.11	-9.94	-0.46	-0.71
Change in Inventory	9.12	-7.85	-7.85	0.96	-10.63	-3.44	-1.47	0.23
Change in Accounts Payable	3.78	0.19	0.19	-5.96	7.66	0.77	1.92	-0.14
Change in Other Working Capital	-10.26	14.41	-2.03	-3.80	-7.04	-4.47	2.29	3.25
Other Operating Activities	-10.26	-19.63	-19.63	24.99	-10.63	-41.30	0.14	0.50
Net Cash from Operating Activities	18.67	-30.85	-30.85	-9.80	-74.74	-56.78	-23.25	-15.18
Investing Activities
Capital Expenditures	-36.99	-37.31	-31.19	-69.13	-21.46	-17.59	-6.61	-0.73
Purchases of Investments	-39.39	-29.37	-29.37	-89.90	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	34.56	65.28	65.28	39.18	-2.72	0.00	0.00	0.00
Other Investing Activities	-5.63	-6.13	-	-3.27	-2.41	-1.03	0.00	0.00
Net Cash from Investing Activities	-41.83	-1.40	-1.40	-123.11	-23.87	-17.59	-6.61	-0.73
Financing Activities
Debt Repayment	26.32	0.00	-	-31.88	-10.00	26.10	14.03	4.79
Common Stock Issued	9.09	0.00	1.81	0.67	0.83	300.00	0.00	0.00
Other Financing Activities	0.00	1.81	-	-0.33	0.83	51.73	3.19	23.00
Net Cash from Financing Activities	35.40	1.81	1.81	-29.66	20.51	377.83	17.23	27.79
Summary
Effect of Forex Changes on Cash	-0.11	0.02	0.02	-0.04	-0.01	-0.28	0.00	0.00
Net Change in Cash	12.14	-30.42	-30.42	-162.62	-78.11	303.19	-12.64	11.88
Cash at Beginning of Period	37.02	67.44	67.44	230.06	308.17	4.70	17.34	5.46
Cash at End of Period	49.15	37.02	37.02	67.44	230.06	307.89	4.70	17.34
Free Cash Flow	-18.33	-68.17	-62.04	-78.94	-96.20	-74.37	-29.86	-15.91
Supplemental Disclosures
Interest Paid	-	-	-	0.71	0.58	0.85	0.41	-

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 Cash Flow

What is Evolv Technologies Holdings's free cash flow?

Evolv Technologies Holdings had negative free cash flow of $18.32M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $18.67M minus $36.99M of capital expenditures.

How much does Evolv Technologies Holdings spend on capital expenditures?

Evolv Technologies Holdings spent $36.99M on capital expenditures in fiscal 2025, compared with $37.31M a year earlier. That equals 198.2% of operating cash flow.

Does Evolv Technologies Holdings pay dividends or buy back shares?

Evolv Technologies Holdings's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition