Evolv Technologies Holdings vs Ouster
Ouster is the larger business, with $169m of revenue in fiscal 2025 against $146m for Evolv Technologies Holdings (1.2 times as much). Ouster grew faster (52.5% against 40.5%). Evolv Technologies Holdings kept more of each dollar of sales as profit: a net margin of -22.7% against -35.6%. Ouster carries less debt relative to equity (0.0% against 25.1%).
| Latest fiscal year | Evolv Technologies HoldingsEVLV, 2025 | OusterOUST, 2025 |
|---|---|---|
| Revenue | $146m | $169m |
| Revenue growth | 40.5% | 52.5% |
| Net income | −$33.1m | −$60.4m |
| Operating margin | -33.2% | -43.7% |
| Net margin | -22.7% | -35.6% |
| Return on equity | -28.0% | -27.3% |
| Free cash flow | $18.7m | −$64.8m |
| Cash | $49.1m | $67.4m |
| Total debt | $30.0m | $0 |
| Debt to equity | 25.1% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 286 | 204 |
| Market value | $835m | $1.98bn |
| Price vs our value range | — | — |
| Moat score | 13 (Weak) | 10 (Weak) |
| Insider trades, 12 months | 12 buys, 15 sales | 3 buys, 68 sales |