Financial Statements — EVLV
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 56.08 | 31.50 | 36.94 | 25.09 | 46.03 | 35.70 | 44.60 | 99.62 | 125.89 | 181.00 | 218.50 | 242.69 | 270.87 | 333.75 | 0.18 | 0.58 |
| Short-term Investments | -- | 24.72 | 0.00 | 9.93 | 9.96 | 20.76 | 36.42 | 39.49 | 29.65 | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 42.71 | 48.88 | 41.80 | 34.48 | 34.85 | 36.43 | 22.03 | 29.79 | 32.39 | 23.16 | 21.20 | 12.18 | 8.59 | 7.33 | -- | -- |
| Inventory | 8.26 | 8.77 | 12.14 | 10.06 | 16.28 | 18.60 | 11.01 | 7.83 | 5.03 | 8.82 | 6.73 | 6.01 | 7.18 | 3.53 | -- | -- |
| Total Current Assets | 151.98 | 151.64 | 133.08 | 103.77 | 134.40 | 137.90 | 141.80 | 201.79 | 216.15 | 234.94 | 274.76 | 287.35 | 307.22 | 359.76 | 0.33 | 0.77 |
| Property, Plant & Equipment | 127.84 | 126.92 | 125.48 | 129.68 | 120.84 | 120.05 | 129.34 | 94.00 | 81.08 | 59.79 | 40.53 | 34.38 | 25.28 | 17.78 | -- | -- |
| Total Non-current Assets* | 152.66 | 152.65 | 147.34 | 152.21 | 144.07 | 130.62 | 140.46 | 104.67 | 91.82 | 70.59 | 50.87 | 45.70 | 36.68 | 22.95 | 172.61 | 172.60 |
| Total Assets | 304.64 | 304.29 | 280.42 | 255.98 | 278.47 | 268.52 | 282.26 | 306.46 | 307.97 | 305.53 | 325.62 | 333.05 | 343.90 | 382.71 | 172.93 | 173.37 |
| Accounts Payable | 17.09 | 4.72 | 11.80 | 7.12 | 8.62 | 5.57 | 15.58 | 13.89 | 16.91 | 19.19 | 11.14 | 9.43 | 4.64 | 8.46 | 0.30 | 1.43 |
| Total Current Liabilities | 125.86 | 119.35 | 142.89 | 94.40 | 89.48 | 79.41 | 79.92 | 80.75 | 68.23 | 50.77 | 40.98 | 33.07 | 23.29 | 21.33 | 7.71 | 1.48 |
| Long-term Debt | 28.67 | 28.53 | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 8.96 | 9.96 | 10.00 | 15.42 | -- | -- |
| Total Non-current Liabilities* | 58.10 | 82.71 | 44.89 | 40.52 | 60.01 | 36.03 | 60.75 | 69.60 | 95.58 | 50.92 | 36.26 | 39.78 | 40.47 | 77.18 | 31.16 | 30.20 |
| Total Liabilities | 183.97 | 202.05 | 187.77 | 134.92 | 149.48 | 115.44 | 140.67 | 150.35 | 163.81 | 101.69 | 77.24 | 72.85 | 63.75 | 98.52 | 38.87 | 31.68 |
| Retained Earnings | (392.81) | (398.68) | (396.89) | (356.35) | (338.94) | (306.65) | (310.11) | (281.57) | (287.57) | (220.82) | (163.91) | (145.29) | (119.29) | (107.26) | (23.62) | (15.99) |
| Total Stockholder Equity* | 120.67 | 102.24 | 92.65 | 121.06 | 128.99 | 153.07 | 141.59 | 156.12 | 144.16 | 203.84 | 248.38 | 260.21 | 280.15 | 284.20 | 5.00 | 5.00 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 46.33 | 38.50 | 42.85 | 32.54 | 32.01 | 29.30 | 27.36 | 25.54 | 21.67 | 21.82 | 20.19 | 19.83 | 18.58 | 20.88 | 16.53 | 9.07 | 8.72 | 6.85 | 8.37 | 0.00 |
| Cost of Revenue | 22.73 | 19.88 | 21.54 | 16.33 | 12.86 | 12.06 | 11.55 | 11.07 | 9.90 | 11.56 | 8.80 | 12.41 | 13.82 | 21.56 | 16.31 | 8.52 | 7.09 | 6.54 | 4.21 | -- |
| Gross Profit | 23.60 | 18.63 | 21.31 | 16.22 | 19.15 | 17.24 | 15.81 | 14.47 | 11.77 | 10.26 | 11.39 | 7.41 | 4.76 | (0.67) | 0.23 | 0.55 | 1.63 | 0.31 | 4.16 | -- |
| Research & Development | 5.89 | 5.41 | 5.61 | 4.74 | 4.86 | 5.71 | 5.81 | 5.72 | 6.21 | 6.26 | 6.41 | 6.40 | 5.39 | 4.71 | 5.62 | 4.16 | 4.29 | 3.09 | 3.64 | -- |
| Selling, General & Admin | 13.52 | 10.07 | 12.58 | 17.24 | 14.97 | 16.63 | 13.98 | 14.19 | 11.84 | 11.02 | 11.27 | 10.87 | 8.93 | 8.18 | 8.84 | 9.61 | 11.09 | 4.90 | 6.98 | 6.68 |
| Total Operating Expenses | 32.07 | 26.61 | 29.90 | 33.71 | 33.54 | 35.78 | 34.96 | 36.80 | 34.05 | 32.17 | 31.63 | 31.04 | 27.26 | 24.10 | 26.83 | 25.84 | 27.53 | 22.27 | 20.79 | -- |
| Operating Income | (8.47) | (7.98) | (8.60) | (17.49) | (14.39) | (18.55) | (19.15) | (22.33) | (22.28) | (21.91) | (20.24) | (23.63) | (22.49) | (24.77) | (26.60) | (25.28) | (25.90) | (29.29) | (16.63) | (6.68) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.65 | 0.22 | 0.19 | 0.16 | 0.14 | 0.11 | 0.29 | -- |
| Pretax Income | (5.05) | 10.88 | (1.80) | (40.54) | (1.63) | (15.72) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (27.27) | -- | (7.63) |
| Tax Provision | (0.04) | 0.00 | 0.00 | -0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (5.01) | 10.88 | (1.80) | (40.53) | (1.69) | (15.39) | (30.44) | 3.46 | (11.64) | (16.89) | 6.00 | (66.75) | -- | (27.55) | (18.61) | (25.69) | (14.55) | (21.90) | 22.75 | (7.63) |
| Basic EPS | (0.03) | 0.07 | (0.01) | (0.25) | (0.01) | (0.09) | (0.19) | 0.02 | (0.08) | (0.10) | 0.04 | (0.45) | (0.20) | (0.19) | (0.13) | (0.18) | (0.10) | 0.13 | 0.19 | -- |
| Diluted EPS | (0.03) | 0.07 | (0.01) | (0.25) | (0.01) | (0.09) | (0.19) | 0.02 | (0.08) | (0.09) | 0.03 | (0.45) | (0.20) | (0.19) | (0.13) | (0.18) | (0.10) | 0.13 | 0.15 | -- |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (3.18) | 15.57 | 3.52 | 2.11 | (2.54) | 3.20 | 3.91 | (21.88) | (16.08) | (3.14) | 2.10 | (5.32) | (3.43) | (5.31) | (16.93) | (16.63) | (35.87) | (19.15) | (49.33) | (0.40) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 11.06 | 0.32 | 0.63 | 3.08 | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (27.68) | (36.19) | (19.78) | (52.41) | -- |
| Investing Cash Flow | 9.76 | 1.40 | (39.61) | 5.75 | (9.36) | (13.25) | 6.00 | 12.64 | (6.79) | (30.32) | (28.68) | (50.08) | (14.04) | (4.70) | (6.50) | (11.71) | (0.97) | (1.66) | (3.08) | -- |
| Financing Cash Flow | 0.32 | 0.68 | 30.63 | 4.08 | 0.02 | 0.66 | 0.52 | 0.33 | 0.30 | 0.05 | 0.27 | 0.31 | (30.30) | 20.94 | (0.81) | 0.17 | 0.22 | (5.45) | 383.28 | -- |
* Derived from reported values
