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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

Evolv Technologies Holdings, Inc. is the larger business by last-quarter revenue ($38.5M vs $26.0M, roughly 1.5× FRANKLIN STREET PROPERTIES CORP). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -28.1%, a 56.4% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs -8.2%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs -8.7%).

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.

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

EVLV vs FSP — Head-to-Head

Bigger by revenue
EVLV
EVLV
1.5× larger
EVLV
$38.5M
$26.0M
FSP
Growing faster (revenue YoY)
EVLV
EVLV
+40.5% gap
EVLV
32.3%
-8.2%
FSP
Higher net margin
EVLV
EVLV
56.4% more per $
EVLV
28.3%
-28.1%
FSP
Faster 2-yr revenue CAGR
EVLV
EVLV
Annualised
EVLV
31.8%
-8.7%
FSP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVLV
EVLV
FSP
FSP
Revenue
$38.5M
$26.0M
Net Profit
$10.9M
$-7.3M
Gross Margin
48.4%
59.4%
Operating Margin
-20.7%
-27.9%
Net Margin
28.3%
-28.1%
Revenue YoY
32.3%
-8.2%
Net Profit YoY
169.2%
14.1%
EPS (diluted)
$0.07
$-0.06

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
EVLV
EVLV
FSP
FSP
Q4 25
$38.5M
$26.0M
Q3 25
$42.9M
$27.3M
Q2 25
$32.5M
$26.7M
Q1 25
$32.0M
$27.1M
Q4 24
$29.1M
$28.4M
Q3 24
$27.4M
$29.7M
Q2 24
$25.2M
$30.8M
Q1 24
$22.2M
$31.2M
Net Profit
EVLV
EVLV
FSP
FSP
Q4 25
$10.9M
$-7.3M
Q3 25
$-1.8M
$-8.3M
Q2 25
$-40.5M
$-7.9M
Q1 25
$-1.7M
$-21.4M
Q4 24
$-15.7M
$-8.5M
Q3 24
$-30.4M
$-15.6M
Q2 24
$3.4M
$-21.0M
Q1 24
$-11.3M
$-7.6M
Gross Margin
EVLV
EVLV
FSP
FSP
Q4 25
48.4%
59.4%
Q3 25
49.7%
60.9%
Q2 25
49.8%
59.9%
Q1 25
59.8%
62.8%
Q4 24
57.5%
59.7%
Q3 24
57.8%
61.0%
Q2 24
58.5%
64.2%
Q1 24
54.8%
64.7%
Operating Margin
EVLV
EVLV
FSP
FSP
Q4 25
-20.7%
-27.9%
Q3 25
-20.1%
-30.5%
Q2 25
-53.8%
-29.2%
Q1 25
-45.0%
-78.9%
Q4 24
-64.9%
-29.9%
Q3 24
-70.0%
-52.4%
Q2 24
-88.7%
-68.0%
Q1 24
-98.8%
-24.0%
Net Margin
EVLV
EVLV
FSP
FSP
Q4 25
28.3%
-28.1%
Q3 25
-4.2%
-30.5%
Q2 25
-124.6%
-29.5%
Q1 25
-5.3%
-79.1%
Q4 24
-54.0%
-30.0%
Q3 24
-111.3%
-52.6%
Q2 24
13.6%
-68.2%
Q1 24
-50.8%
-24.2%
EPS (diluted)
EVLV
EVLV
FSP
FSP
Q4 25
$0.07
$-0.06
Q3 25
$-0.01
$-0.08
Q2 25
$-0.25
$-0.08
Q1 25
$-0.01
$-0.21
Q4 24
$-0.10
$-0.09
Q3 24
$-0.19
$-0.15
Q2 24
$0.02
$-0.20
Q1 24
$-0.07
$-0.07

Balance Sheet & Financial Strength

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

Metric
EVLV
EVLV
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$49.1M
$30.6M
Total DebtLower is stronger
$28.6M
Stockholders' EquityBook value
$119.4M
$607.0M
Total Assets
$304.4M
$892.9M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
FSP
FSP
Q4 25
$49.1M
$30.6M
Q3 25
$56.2M
$31.4M
Q2 25
$36.9M
$29.4M
Q1 25
$35.0M
$30.2M
Q4 24
$51.9M
$41.1M
Q3 24
$56.0M
$40.9M
Q2 24
$56.5M
$30.2M
Q1 24
$81.0M
$34.2M
Total Debt
EVLV
EVLV
FSP
FSP
Q4 25
$28.6M
Q3 25
$28.5M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EVLV
EVLV
FSP
FSP
Q4 25
$119.4M
$607.0M
Q3 25
$102.2M
$615.3M
Q2 25
$92.7M
$624.7M
Q1 25
$121.1M
$633.4M
Q4 24
$117.7M
$655.9M
Q3 24
$129.0M
$665.4M
Q2 24
$151.2M
$682.1M
Q1 24
$139.8M
$703.9M
Total Assets
EVLV
EVLV
FSP
FSP
Q4 25
$304.4M
$892.9M
Q3 25
$304.3M
$901.0M
Q2 25
$280.4M
$903.2M
Q1 25
$256.0M
$916.4M
Q4 24
$268.1M
$946.9M
Q3 24
$278.5M
$981.5M
Q2 24
$269.1M
$1.0B
Q1 24
$280.0M
$1.0B
Debt / Equity
EVLV
EVLV
FSP
FSP
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
EVLV
EVLV
FSP
FSP
Operating Cash FlowLast quarter
$15.6M
$3.8M
Free Cash FlowOCF − Capex
$-12.7M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
63.0%
Cash ConversionOCF / Net Profit
1.43×
TTM Free Cash FlowTrailing 4 quarters
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
FSP
FSP
Q4 25
$15.6M
$3.8M
Q3 25
$3.5M
$8.3M
Q2 25
$2.1M
$-2.9M
Q1 25
$-2.5M
$-5.5M
Q4 24
$3.2M
$9.0M
Q3 24
$3.7M
$14.5M
Q2 24
$-21.6M
$-648.0K
Q1 24
$-16.2M
$-7.1M
Free Cash Flow
EVLV
EVLV
FSP
FSP
Q4 25
$-12.7M
Q3 25
$3.0M
Q2 25
$-5.7M
Q1 25
$-9.9M
Q4 24
$-16.2M
Q3 24
$8.6M
Q2 24
$-5.1M
Q1 24
$-15.8M
FCF Margin
EVLV
EVLV
FSP
FSP
Q4 25
-48.6%
Q3 25
11.0%
Q2 25
-21.5%
Q1 25
-36.7%
Q4 24
-57.2%
Q3 24
29.1%
Q2 24
-16.7%
Q1 24
-50.8%
Capex Intensity
EVLV
EVLV
FSP
FSP
Q4 25
63.0%
Q3 25
19.4%
Q2 25
10.7%
Q1 25
16.4%
Q4 24
88.9%
Q3 24
19.6%
Q2 24
14.6%
Q1 24
28.1%
Cash Conversion
EVLV
EVLV
FSP
FSP
Q4 25
1.43×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-6.31×
Q1 24

Financial Flow Comparison

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

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