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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and Evolv Technologies Holdings, Inc. (EVLV). Click either name above to swap in a different company.

Cheer Holding, Inc. is the larger business by last-quarter revenue ($71.0M vs $38.5M, roughly 1.8× Evolv Technologies Holdings, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs 10.9%, a 17.3% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs -0.1%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

Sentient Technologies was an American artificial intelligence technology company based in San Francisco. Sentient was founded in 2007 and received over $143 million in funding at different points after its inception. As of 2016, Sentient was the world's most well-funded AI company. It focused on e-commerce, online content and trading.

CHR vs EVLV — Head-to-Head

Bigger by revenue
CHR
CHR
1.8× larger
CHR
$71.0M
$38.5M
EVLV
Growing faster (revenue YoY)
EVLV
EVLV
+32.4% gap
EVLV
32.3%
-0.1%
CHR
Higher net margin
EVLV
EVLV
17.3% more per $
EVLV
28.3%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CHR
CHR
EVLV
EVLV
Revenue
$71.0M
$38.5M
Net Profit
$7.8M
$10.9M
Gross Margin
70.7%
48.4%
Operating Margin
11.7%
-20.7%
Net Margin
10.9%
28.3%
Revenue YoY
-0.1%
32.3%
Net Profit YoY
-37.5%
169.2%
EPS (diluted)
$0.67
$0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CHR
CHR
EVLV
EVLV
Q4 25
$38.5M
Q3 25
$42.9M
Q2 25
$71.0M
$32.5M
Q1 25
$32.0M
Q4 24
$29.1M
Q3 24
$27.4M
Q2 24
$71.1M
$25.2M
Q1 24
$22.2M
Net Profit
CHR
CHR
EVLV
EVLV
Q4 25
$10.9M
Q3 25
$-1.8M
Q2 25
$7.8M
$-40.5M
Q1 25
$-1.7M
Q4 24
$-15.7M
Q3 24
$-30.4M
Q2 24
$12.4M
$3.4M
Q1 24
$-11.3M
Gross Margin
CHR
CHR
EVLV
EVLV
Q4 25
48.4%
Q3 25
49.7%
Q2 25
70.7%
49.8%
Q1 25
59.8%
Q4 24
57.5%
Q3 24
57.8%
Q2 24
73.4%
58.5%
Q1 24
54.8%
Operating Margin
CHR
CHR
EVLV
EVLV
Q4 25
-20.7%
Q3 25
-20.1%
Q2 25
11.7%
-53.8%
Q1 25
-45.0%
Q4 24
-64.9%
Q3 24
-70.0%
Q2 24
16.4%
-88.7%
Q1 24
-98.8%
Net Margin
CHR
CHR
EVLV
EVLV
Q4 25
28.3%
Q3 25
-4.2%
Q2 25
10.9%
-124.6%
Q1 25
-5.3%
Q4 24
-54.0%
Q3 24
-111.3%
Q2 24
17.5%
13.6%
Q1 24
-50.8%
EPS (diluted)
CHR
CHR
EVLV
EVLV
Q4 25
$0.07
Q3 25
$-0.01
Q2 25
$0.67
$-0.25
Q1 25
$-0.01
Q4 24
$-0.10
Q3 24
$-0.19
Q2 24
$1.23
$0.02
Q1 24
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CHR
CHR
EVLV
EVLV
Cash + ST InvestmentsLiquidity on hand
$49.1M
Total DebtLower is stronger
$28.6M
Stockholders' EquityBook value
$322.1M
$119.4M
Total Assets
$362.7M
$304.4M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
EVLV
EVLV
Q4 25
$49.1M
Q3 25
$56.2M
Q2 25
$36.9M
Q1 25
$35.0M
Q4 24
$51.9M
Q3 24
$56.0M
Q2 24
$186.1M
$56.5M
Q1 24
$81.0M
Total Debt
CHR
CHR
EVLV
EVLV
Q4 25
$28.6M
Q3 25
$28.5M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CHR
CHR
EVLV
EVLV
Q4 25
$119.4M
Q3 25
$102.2M
Q2 25
$322.1M
$92.7M
Q1 25
$121.1M
Q4 24
$117.7M
Q3 24
$129.0M
Q2 24
$286.1M
$151.2M
Q1 24
$139.8M
Total Assets
CHR
CHR
EVLV
EVLV
Q4 25
$304.4M
Q3 25
$304.3M
Q2 25
$362.7M
$280.4M
Q1 25
$256.0M
Q4 24
$268.1M
Q3 24
$278.5M
Q2 24
$333.2M
$269.1M
Q1 24
$280.0M
Debt / Equity
CHR
CHR
EVLV
EVLV
Q4 25
0.24×
Q3 25
0.28×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CHR
CHR
EVLV
EVLV
Operating Cash FlowLast quarter
$3.9M
$15.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
1.43×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
EVLV
EVLV
Q4 25
$15.6M
Q3 25
$3.5M
Q2 25
$3.9M
$2.1M
Q1 25
$-2.5M
Q4 24
$3.2M
Q3 24
$3.7M
Q2 24
$-6.7M
$-21.6M
Q1 24
$-16.2M
Cash Conversion
CHR
CHR
EVLV
EVLV
Q4 25
1.43×
Q3 25
Q2 25
0.51×
Q1 25
Q4 24
Q3 24
Q2 24
-0.54×
-6.31×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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