Evolv Technologies (EVLV) revenue breakdown
By product, Subscription and Circulation is the largest at 57% of fiscal 2025 revenue; Service revenue grew fastest, 143% a year over 4 years.
By region, United States is the largest at 96% of fiscal 2025 revenue, growing 59% a year over 4 years.
Revenue by product
Fiscal years, as Evolv Technologies reports them in its 10-K filings; fiscal 2025 total $146M.
| Products | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Subscription and Circulation | — | — | $17M | $36M | $65M | $84M | 57% |
| Service revenue | — | $846,000 | — | $16M | $23M | $29M | 20% |
| Product | $1M | $14M | $30M | $23M | $6M | $22M | 15% |
| License fees | — | — | — | $3M | $7M | $8M | 6% |
| Professional services and other revenue | — | — | — | $2M | $2M | $3M | 2% |
| Leased equipment | $2M | $8M | — | — | — | — | — |
| Service | — | — | $5M | — | — | — | — |
| License Fee And Other Revenue | — | — | $1M | — | — | — | — |
| Professional services | $350,000 | $1M | — | — | — | — | — |
| SaaS and Maintenance Services | $1M | — | — | — | — | — | — |
Revenue by region
Fiscal years, as Evolv Technologies reports them in its 10-K filings; fiscal 2025 total $146M.
| Regions | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| United States | $22M | $51M | $78M | $100M | $141M | 96% |
| Foreign | $1M | $1M | $2M | $4M | $5M | 4% |
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Where does Evolv Technologies make its money?
In fiscal 2025, by product: Subscription and Circulation $84M, Service revenue $29M, Product $22M, License fees $8M, Professional services and other revenue $3M.
From Evolv Technologies's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.