Evolv Technologies (EVLV) Revenue & Revenue Breakdown
Evolv Technologies Revenue Highlights
Latest Revenue (Y)
$80.42M
Latest Revenue (Q)
$25.54M
Main Segment (Y)
Subscription and Circulation
Main Geography (Y)
UNITED STATES
Evolv Technologies Revenue by Period
Evolv Technologies Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $80.42M | 45.70% |
| 2022-12-31 | $55.20M | 132.97% |
| 2021-12-31 | $23.69M | 395.13% |
| 2020-12-31 | $4.79M | -18.15% |
| 2019-12-31 | $5.85M | - |
Evolv Technologies generated $80.42M in revenue during NA 2023, up 45.70% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
Evolv Technologies Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $25.54M | 17.87% |
| 2024-03-31 | $21.67M | -0.70% |
| 2023-12-31 | $21.82M | 8.07% |
| 2023-09-30 | $20.19M | 1.85% |
| 2023-06-30 | $19.82M | 6.70% |
| 2023-03-31 | $18.58M | -11.03% |
| 2022-12-31 | $20.89M | 26.35% |
| 2022-09-30 | $16.53M | 82.25% |
| 2022-06-30 | $9.07M | 4.07% |
| 2022-03-31 | $8.71M | 27.30% |
| 2021-12-31 | $6.85M | -18.18% |
| 2021-09-30 | $8.37M | 86.76% |
| 2021-06-30 | $4.48M | 12.03% |
| 2021-03-31 | $4.00M | 96.51% |
| 2020-12-31 | $2.04M | 39.29% |
| 2020-09-30 | $1.46M | 125.12% |
| 2020-06-30 | $649.00K | - |
Evolv Technologies generated $25.54M in revenue during Q2 2024, up 17.87% compared to the previous quarter, and up 137.45% compared to the same period a year ago.
Evolv Technologies Revenue Breakdown
Evolv Technologies Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Product | $26.67M | $31.98M | - |
| Subscription and Circulation | $172.27M | $17.57M | - |
| Service | $67.10M | $5.64M | - |
| Professional Services | - | $976.00K | - |
| Leased Equipment | - | $17.57M | - |
| Product revenue | - | - | $68.00K |
| Subscription revenue. | - | - | $25.07M |
| Maintenance revenue | - | - | $2.51M |
| Service revenue. | - | - | $22.00K |
Evolv Technologies's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscription and Circulation (64.75%), Service (25.22%), and Product (10.02%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Service | $66.06M | $59.12M | $4.62M | $3.36M | $2.72M | $1.49M | $918.00K | $24.00K | - | - |
| Subscription and Circulation | $186.57M | $157.84M | $7.96M | $6.47M | $5.36M | $5.20M | $4.01M | - | - | - |
| Product | $2.78M | $10.67M | $7.24M | $8.75M | $12.81M | $9.84M | $4.15M | $36.00K | - | - |
| Leased Equipment | - | - | - | $6.47M | $5.36M | $5.20M | $4.01M | $3.02M | - | - |
| Professional Services | - | - | - | $583.00K | $330.00K | $313.00K | $189.00K | $148.00K | - | - |
| SaaS and Maintenance Services | - | - | - | - | - | $1.18M | $729.00K | $353.00K | - | - |
| Product revenue | - | - | - | - | - | - | - | $5.19M | - | - |
| Subscription revenue. | - | - | - | - | - | - | - | - | $2.74M | - |
| Maintenance | - | - | - | - | - | - | - | - | - | $1.97M |
| Subscription And Circulation | - | - | - | - | - | - | - | - | - | $21.80M |
Evolv Technologies's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Subscription and Circulation (73.05%), Service (25.87%), and Product (1.09%).
Evolv Technologies Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 |
|---|---|---|
| Non-US | $1.86M | $1.38M |
| UNITED STATES | $78.56M | $53.81M |
Evolv Technologies's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (97.68%), and Non-US (2.32%).
Evolv Technologies Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ADT | ADT | $4.98B | $1.21B |
| CXW | CoreCivic | $1.90B | $500.69M |
| MG | Mistras Group | $705.47M | $189.77M |
| NL | NL Industries | $161.29M | $37.97M |
| EVLV | Evolv Technologies | $80.42M | $25.54M |
| BAER | Bridger Aerospace Group | $66.71M | $5.51M |
| KSCP | Knightscope | $12.80M | $3.20M |
| LGMK | LogicMark | $9.93M | $2.61M |
| IVDA | Iveda Solutions | $6.50M | $1.53M |
EVLV Revenue FAQ
What is Evolv Technologies’s yearly revenue?
Evolv Technologies's yearly revenue for 2023 was $80.42M, representing an increase of 45.70% compared to 2022. The company's yearly revenue for 2022 was $55.2M, representing an increase of 132.97% compared to 2021. EVLV's yearly revenue for 2021 was $23.69M, representing an increase of 395.13% compared to 2020.
What is Evolv Technologies’s quarterly revenue?
Evolv Technologies's quarterly revenue for Q2 2024 was $25.54M, a 17.87% increase from the previous quarter (Q1 2024), and a 28.83% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $21.67M, a -0.70% decrease from the previous quarter (Q4 2023), and a 16.61% increase year-over-year (Q1 2023). EVLV's quarterly revenue for Q4 2023 was $21.82M, a 8.07% increase from the previous quarter (Q3 2023), and a 4.48% increase year-over-year (Q4 2022).
What is Evolv Technologies’s revenue growth rate?
Evolv Technologies's revenue growth rate for the last 3 years (2021-2023) was 239.43%, and for the last 5 years (2019-2023) was 1275.61%.
What are Evolv Technologies’s revenue streams?
Evolv Technologies's revenue streams in c 23 are Product, Subscription and Circulation, and Service. Product generated $26.67M in revenue, accounting 10.02% of the company's total revenue, down -16.63% year-over-year. Subscription and Circulation generated $172.27M in revenue, accounting 64.75% of the company's total revenue, up 880.55% year-over-year. Service generated $67.1M in revenue, accounting 25.22% of the company's total revenue, up 1089.52% year-over-year.
What is Evolv Technologies’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Evolv Technologies was Subscription and Circulation. This segment made a revenue of $172.27M, representing 64.75% of the company's total revenue.