UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39417 EVOLV TECHNOLOGIES HOLDINGS, INC. Securities registered pursuant to Section 12(g) of the Act: None (Exact name of registrant as specified ...

Exhibit 99.1 Results for the Fourth Quarter of 2025 Total revenue for the fourth quarter of 2025 was $38.5 million, an increase of 32% compared to $29.1 million for the fourth quarter of 2024. Revenue for the fourth quarter of 2025 was primarily driven by strong new customer additions and continued expansion of deployments across the existing customer base. Annual Recurring Revenue ("ARR") was $120.5 million at the end of fourth quarter of 2025, an increase of 21% compared to $99.4 million at the end of the ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (State or Other Jurisdiction of Incorporation or Organization) (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to Commission file number: 001-39417 _____________________ ...

— Company Raises Revenue Outlook for 2025 to $142-$145 Million, up 37%-40% Year-Over-Year — Waltham, Massachusetts – November 13, 2025 – Evolv Technologies Holdings, Inc (NASDAQ: EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced financial results for the quarter ended September 30, 2025. Exhibit 99.1 Evolv Technology Reports Third Quarter Financial Results "We made meaningful progress across many key measures of the business ...

Financial Performance - Evolv generated revenue of $64.6 million for the six months ended June 30, 2025, compared to $47.4 million for the same period in 2024, reflecting a year-over-year increase of 36.3%[164]. - The company reported a net loss of $42.2 million for the six months ended June 30, 2025, compared to a net loss of $7.9 million for the same period in 2024, indicating a significant increase in losses[164]. - Total revenue for the three months ended June 30, 2025, was $32,544,000, representing a 29% increase from $25,224,000 in the same period of 2024[196]. - Total revenue for the six months ended June 30, 2025, reached $64.55 million, reflecting a 36% increase from $47.41 million in 2024[212]. - The company incurred a net loss of $42.2 million for the six months ended June 30, 2025, compared to a net loss of $7.9 million in 2024[226]. Revenue Breakdown - Evolv's revenue is derived from multiple sources, including subscription arrangements, product sales, and professional services, with a growing mix of customers adopting the pure subscription model[166]. - Subscription revenue increased by 29% to $20,200,000 in Q2 2025, up from $15,655,000 in Q2 2024[199]. - Subscription revenue grew by 32% to $39.44 million for the six months ended June 30, 2025, compared to $29.87 million in 2024[212]. - Product revenue rose to $2,528,000, a 29% increase compared to $1,954,000 in the prior year[198]. - Product revenue for the six months ended June 30, 2025, was $4.85 million, a 41% increase from $3.45 million in the prior year[214]. - Service revenue rose to $6,686,000, up from $5,566,000 in the same quarter of 2024[200]. - Service revenue rose to $13.4 million, a 24% increase from $10.8 million in the prior year[216]. - License fee and other revenue increased to $3.13 million for the three months ended June 30, 2025, up 53% from $2.05 million in the prior year[201]. - License fee and other revenue surged by 110% to $6.8 million, driven by $5.5 million in license fees under a new Distribution and License Agreement[217]. Expenses and Costs - Total cost of revenue increased by 56% to $16,326,000, compared to $10,467,000 in Q2 2024[196]. - General and administrative expenses rose by 23% to $17,238,000, compared to $14,061,000 in the same quarter of 2024[196]. - Research and development expenses decreased by 22% to $9.60 million for the six months ended June 30, 2025, down from $12.25 million in 2024[212]. - Sales and marketing expenses dropped by 29% to $22.78 million for the six months ended June 30, 2025, compared to $32.22 million in the previous year[212]. - General and administrative expenses increased by 25% to $32.21 million for the six months ended June 30, 2025, up from $25.87 million in 2024[212]. - The gross profit margin for subscription revenue decreased to 56% from 60% in the prior year[199]. - The gross profit margin for subscription revenue decreased to 57%, down from 60% in 2024, primarily due to a $1.3 million loss on disposals of certain systems[215]. Customer Growth - The company added 63 new customers during the three months ended June 30, 2025, contributing to revenue growth[197]. - The company added 117 new customers during the six months ended June 30, 2025, contributing to revenue growth[213]. Cash and Liquidity - As of June 30, 2025, the company had $36.9 million in cash, cash equivalents, and marketable securities, with expectations to fund operations for at least twelve months[229]. - Cash, cash equivalents, and marketable securities totaled $36.9 million as of June 30, 2025[234]. - Net cash used in operating activities was $426,000 for the six months ended June 30, 2025, a significant improvement from $37.7 million in the same period of 2024[237]. - Cash used in investing activities was $3.6 million for the six months ended June 30, 2025, primarily for the purchase of property and equipment[241]. - Cash provided by financing activities increased to $4.1 million for the six months ended June 30, 2025, up from $0.6 million in 2024, mainly from stock option exercises[243]. Legal and Regulatory Matters - The company is involved in legal proceedings, including government investigations, which may impact its financial condition and liquidity[165]. - The company implemented a channel partner rebate program for fiscal year 2025, incentivizing resellers based on their total contract value[247]. Future Outlook - The company expects gross margins to decrease in the near term due to significant opportunities in its pipeline being fulfilled through the purchase subscription model[180]. - The company anticipates increased adoption of its products in international markets as it explores expansion opportunities[163]. - The company expects a decrease in sales and marketing costs for the year ending December 31, 2025, due to cost-cutting measures[182]. - The company anticipates fulfilling known contractual obligations with existing cash and cash equivalents, as well as proceeds from Senior Secured Credit Facilities[234]. - On July 29, 2025, the company entered into a $75.0 million MidCap Credit Agreement to support long-term demand for its subscription sales model[231].

Exhibit 99.1 Evolv Technology Reports Second Quarter Financial Results — Company Raises Revenue Growth Outlook for 2025 to 27%-30% — Waltham, Massachusetts – August 14, 2025 – Evolv Technologies Holdings, Inc (NASDAQ: EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced financial results for the quarter ended June 30, 2025. "Our second quarter results were marked by strong revenue growth, continued customer acquisition and expa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to Commission file number: 001-39417 ___________________________________ Evolv Technologies Holdings, Inc. (Exact Name of Reg ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39417 EVOLV TECHNOLOGIES HOLDINGS, INC. (Exact name of registrant as specified in its charter) | Delaware | 84-4473840 | | --- | --- | | (State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to Commission file number: 001-39417 ___________________________________ Evolv Technologies Holdings, Inc. (Exact Name of ...

Evolv Technology Completes Restatement of Previously Issued Financial Statements and Reports Third Quarter, Fourth Quarter and Full Year 2024 Financial Results — Company Regains Compliance with SEC Reporting and NASDAQ Listing Requirements — — Company Achieves Positive Adjusted EBITDA in Q4'24 — 1 Waltham, Massachusetts – April 28, 2025 – Evolv Technologies Holdings, Inc (NASDAQ: EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today annou ...