Quick Answer
Evolv Technologies Holdings, Inc. reported R&D Expense of $20.62 million for fiscal year 2025.
Evolv Technologies Holdings, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $20.62M | -12.1% |
| 2024 | $23.45M | -4.2% |
| 2023 | $24.47M | +32.0% |
| 2022 | $18.54M | +61.8% |
| 2021 | $11.46M | -27.1% |
| 2020 | $15.71M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $5.61M | -3.5% | +18.4% |
| June 30, 2025 | $4.74M | -19.0% | -2.6% |
| March 31, 2025 | $4.86M | -24.0% | -16.3% |
| September 30, 2024 | $5.81M | -9.0% | -0.7% |
| June 30, 2024 | $5.85M | -8.5% | -8.5% |
| March 31, 2024 | $6.40M | +18.7% | +0.2% |
| September 30, 2023 | $6.39M | +13.7% | -0.1% |
| June 30, 2023 | $6.39M | +53.9% | +18.7% |
- Evolv Technologies Holdings, Inc. showed a decrease of -12.1% in R&D Expense compared to the prior fiscal year.
- Over the 2020–2025 period, Evolv Technologies Holdings, Inc.’s r&d expense has grown by 31.2% (from $15.71 million to $20.62 million).
- The most recent figure is from Evolv Technologies Holdings, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 10, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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