Evolv Technologies Holdings, Inc.

As of June 30, 2025, the Company had cash, cash equivalents and marketable securities of $36.9 million and no debt.

SEC original ↗Evolv Technologies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 14, 2025

The Company's primary requirements for liquidity and capital are working capital, inventory management, capital expenditures, debt obligations, and general corporate needs.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

As of June 30, 2026, the Company had $ 62.6 million in cash, cash equivalents, and marketable securities, with outstanding debt of $ 30.0 million and available additional borrowings of up to $ 45.0 million, as detailed below.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

The MidCap Credit Agreement provided an initial $ 30.0 million term loan facility (the F-5 Table of Contents EVOLV TECHNOLOGIES HOLDINGS, INC.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Initial Term Loan ), a $ 30.0 million delayed draw facility (the Delayed Draw Term Loan ) (available for drawdown during the two-year period following the Closing Date), and a $ 15.0 million revolving line of credit (the Revolving Credit Facility ), each with a maturity date of July 1, 2030 (collectively, the Senior Secured Credit Facilities ).

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

On the Closing Date, the Company received net proceeds of $ 26.6 million, after deducting $ 3.4 million in debt issuance costs paid at closing.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

Our second quarter results were marked by strong revenue growth, continued customer acquisition and expansion, and improved visibility that positions us well as we evolve into a more predictable and scalable business, said John Kedzierski, President and Chief Executive Officer of Evolv Technology.

SEC original ↗Evolv Technologies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Looking ahead, we re encouraged by the opportunity in the AI-based security screening market and remain focused on delivering consistent, high-quality performance.

SEC original ↗Evolv Technologies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 14, 2025

The Company believes that this revenue growth, coupled with a focus on operational efficiency, will drive improved profitability and cash flow.

SEC original ↗Evolv Technologies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 14, 2025

All statements contained in this press release and related presentation materials other than statements of historical facts, including without limitation statements regarding our strategy, market opportunities, and future financial and operational results.

SEC original ↗Evolv Technologies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 14, 2025

As the Company is in the growth stage of its business and operates in an emerging field of technology, the Company expects to continue to strategically and carefully invest in various areas of the business to support that growth.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

Non-recurring legal and regulatory costs include non-recurring legal, accounting and professional fees related to the internal investigation, subsequent restatement, certain non-recurring regulatory, litigation and legal matters, as well as fees related to the resolution of the U.

SEC original ↗Evolv Technologies Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Legal Proceedings 26 Item 1A.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, without limitation the important factors discussed in Part I, Item 1A, Risk Factors in this Quarterly Report on Form 10-Q, as any such factors may be updated from time to time in its other filings with the SEC.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

Under the MidCap Credit Agreement, the Company is also required to comply with certain customary reporting requirements of periodic financial results and affirmative and negative covenants, including; (1) a minimum ending balance for annual recurring revenue ( ARR ), as defined, that began at $ 106.0 million on December 31, 2025 and increases quarterly thereafter; (2) minimum liquidity, as defined, of 50 % of outstanding borrowings (this covenant would cease to apply following the resolution of certain litigation and regulatory matters); and (3) a minimum earnings before interest, taxes, depreciation, and amortization ("EBITDA") covenant that takes effect on June 30, 2027.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

There is significant uncertainty in the current geopolitical and macroeconomic environment due to various factors, including but not limited to inflationary pressures globally, conflicts in Europe and the Middle East, and foreign currency volatility and their impacts on the Company s business.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026

Additionally, there continues to be significant uncertainty regarding recent changes and potential future developments related to increased trade restrictions, tariffs or taxes on imports or exports relating to countries where we source or sell materials or products.

SEC original ↗Evolv Technologies Holdings, Inc. — 10-Q Quarterly report10-QAug 11, 2026