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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and Identiv, Inc. (INVE). 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 $6.2M, roughly 6.2× Identiv, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -60.3%, a 88.6% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs -7.9%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs -3.8%).

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.

Identiv is a publicly traded Internet of Things technology company listed on the Nasdaq stock market.

EVLV vs INVE — Head-to-Head

Bigger by revenue
EVLV
EVLV
6.2× larger
EVLV
$38.5M
$6.2M
INVE
Growing faster (revenue YoY)
EVLV
EVLV
+40.2% gap
EVLV
32.3%
-7.9%
INVE
Higher net margin
EVLV
EVLV
88.6% more per $
EVLV
28.3%
-60.3%
INVE
Faster 2-yr revenue CAGR
EVLV
EVLV
Annualised
EVLV
31.8%
-3.8%
INVE

Income Statement — Q4 2025 vs Q4 2025

Metric
EVLV
EVLV
INVE
INVE
Revenue
$38.5M
$6.2M
Net Profit
$10.9M
$-3.7M
Gross Margin
48.4%
18.1%
Operating Margin
-20.7%
-76.4%
Net Margin
28.3%
-60.3%
Revenue YoY
32.3%
-7.9%
Net Profit YoY
169.2%
-948.2%
EPS (diluted)
$0.07
$-0.17

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
INVE
INVE
Q4 25
$38.5M
$6.2M
Q3 25
$42.9M
$5.0M
Q2 25
$32.5M
$5.0M
Q1 25
$32.0M
$5.3M
Q4 24
$29.1M
$6.7M
Q3 24
$27.4M
$6.5M
Q2 24
$25.2M
$6.7M
Q1 24
$22.2M
$6.7M
Net Profit
EVLV
EVLV
INVE
INVE
Q4 25
$10.9M
$-3.7M
Q3 25
$-1.8M
$-3.5M
Q2 25
$-40.5M
$-6.0M
Q1 25
$-1.7M
$-4.8M
Q4 24
$-15.7M
$-355.0K
Q3 24
$-30.4M
$85.9M
Q2 24
$3.4M
$-6.2M
Q1 24
$-11.3M
$-4.6M
Gross Margin
EVLV
EVLV
INVE
INVE
Q4 25
48.4%
18.1%
Q3 25
49.7%
10.7%
Q2 25
49.8%
-9.4%
Q1 25
59.8%
2.5%
Q4 24
57.5%
-14.9%
Q3 24
57.8%
3.6%
Q2 24
58.5%
9.1%
Q1 24
54.8%
7.3%
Operating Margin
EVLV
EVLV
INVE
INVE
Q4 25
-20.7%
-76.4%
Q3 25
-20.1%
-111.4%
Q2 25
-53.8%
-126.7%
Q1 25
-45.0%
-103.8%
Q4 24
-64.9%
-98.9%
Q3 24
-70.0%
-146.2%
Q2 24
-88.7%
-99.7%
Q1 24
-98.8%
-76.0%
Net Margin
EVLV
EVLV
INVE
INVE
Q4 25
28.3%
-60.3%
Q3 25
-4.2%
-68.9%
Q2 25
-124.6%
-119.9%
Q1 25
-5.3%
-90.9%
Q4 24
-54.0%
-5.3%
Q3 24
-111.3%
1315.8%
Q2 24
13.6%
-92.2%
Q1 24
-50.8%
-68.5%
EPS (diluted)
EVLV
EVLV
INVE
INVE
Q4 25
$0.07
$-0.17
Q3 25
$-0.01
$-0.15
Q2 25
$-0.25
$-0.26
Q1 25
$-0.01
$-0.21
Q4 24
$-0.10
$0.00
Q3 24
$-0.19
$3.62
Q2 24
$0.02
$-0.27
Q1 24
$-0.07
$-0.21

Balance Sheet & Financial Strength

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

Metric
EVLV
EVLV
INVE
INVE
Cash + ST InvestmentsLiquidity on hand
$49.1M
$128.6M
Total DebtLower is stronger
$28.6M
Stockholders' EquityBook value
$119.4M
$140.7M
Total Assets
$304.4M
$151.3M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
INVE
INVE
Q4 25
$49.1M
$128.6M
Q3 25
$56.2M
$126.3M
Q2 25
$36.9M
$129.3M
Q1 25
$35.0M
$132.4M
Q4 24
$51.9M
$135.6M
Q3 24
$56.0M
$145.4M
Q2 24
$56.5M
$18.4M
Q1 24
$81.0M
$21.6M
Total Debt
EVLV
EVLV
INVE
INVE
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
INVE
INVE
Q4 25
$119.4M
$140.7M
Q3 25
$102.2M
$143.7M
Q2 25
$92.7M
$146.4M
Q1 25
$121.1M
$150.5M
Q4 24
$117.7M
$154.1M
Q3 24
$129.0M
$156.7M
Q2 24
$151.2M
$65.1M
Q1 24
$139.8M
$70.2M
Total Assets
EVLV
EVLV
INVE
INVE
Q4 25
$304.4M
$151.3M
Q3 25
$304.3M
$151.0M
Q2 25
$280.4M
$153.9M
Q1 25
$256.0M
$158.7M
Q4 24
$268.1M
$163.2M
Q3 24
$278.5M
$177.0M
Q2 24
$269.1M
$97.8M
Q1 24
$280.0M
$101.8M
Debt / Equity
EVLV
EVLV
INVE
INVE
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
INVE
INVE
Operating Cash FlowLast quarter
$15.6M
$3.0M
Free Cash FlowOCF − Capex
$2.8M
FCF MarginFCF / Revenue
45.8%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
1.43×
TTM Free Cash FlowTrailing 4 quarters
$-7.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
INVE
INVE
Q4 25
$15.6M
$3.0M
Q3 25
$3.5M
$-2.9M
Q2 25
$2.1M
$-3.6M
Q1 25
$-2.5M
$-3.3M
Q4 24
$3.2M
$-5.9M
Q3 24
$3.7M
$-7.2M
Q2 24
$-21.6M
$-993.0K
Q1 24
$-16.2M
$-1.3M
Free Cash Flow
EVLV
EVLV
INVE
INVE
Q4 25
$2.8M
Q3 25
$-3.2M
Q2 25
$-3.8M
Q1 25
$-3.6M
Q4 24
$-6.5M
Q3 24
$-7.7M
Q2 24
$-1.1M
Q1 24
$-1.5M
FCF Margin
EVLV
EVLV
INVE
INVE
Q4 25
45.8%
Q3 25
-64.5%
Q2 25
-75.8%
Q1 25
-68.0%
Q4 24
-97.7%
Q3 24
-118.2%
Q2 24
-16.7%
Q1 24
-23.0%
Capex Intensity
EVLV
EVLV
INVE
INVE
Q4 25
3.3%
Q3 25
7.0%
Q2 25
5.0%
Q1 25
5.7%
Q4 24
9.3%
Q3 24
7.7%
Q2 24
2.0%
Q1 24
3.5%
Cash Conversion
EVLV
EVLV
INVE
INVE
Q4 25
1.43×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.08×
Q2 24
-6.31×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVLV
EVLV

Segment breakdown not available.

INVE
INVE

Other$3.4M55%
Europe And Middle East$2.2M36%
Asia Pacific$575.0K9%

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