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Evolv Technologies Holdings, Inc. cash flow statement

In fiscal 2025, Evolv Technologies Holdings, Inc.'s operations generated $18.7m of cash; it spent $0 on capital projects, leaving free cash flow of $18.7m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations−24−57−75−10−311928
Depreciation and amortisation13510172427
Stock-based pay2102324252123
Capital spending61700000
Free cash flow−30−73−75−10−311928
Free cash flow after stock pay−31−83−97−34−56−25
Shares issued03000————

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Evolv Technologies Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Evolv Technologies Holdings, Inc.