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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.

IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $38.5M, roughly 1.2× Evolv Technologies Holdings, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -4.8%, a 33.0% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs -47.3%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs -20.2%).

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.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

EVLV vs IRWD — Head-to-Head

Bigger by revenue
IRWD
IRWD
1.2× larger
IRWD
$47.7M
$38.5M
EVLV
Growing faster (revenue YoY)
EVLV
EVLV
+79.6% gap
EVLV
32.3%
-47.3%
IRWD
Higher net margin
EVLV
EVLV
33.0% more per $
EVLV
28.3%
-4.8%
IRWD
Faster 2-yr revenue CAGR
EVLV
EVLV
Annualised
EVLV
31.8%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVLV
EVLV
IRWD
IRWD
Revenue
$38.5M
$47.7M
Net Profit
$10.9M
$-2.3M
Gross Margin
48.4%
Operating Margin
-20.7%
14.3%
Net Margin
28.3%
-4.8%
Revenue YoY
32.3%
-47.3%
Net Profit YoY
169.2%
-200.9%
EPS (diluted)
$0.07
$0.01

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
IRWD
IRWD
Q4 25
$38.5M
$47.7M
Q3 25
$42.9M
$122.1M
Q2 25
$32.5M
$85.2M
Q1 25
$32.0M
$41.1M
Q4 24
$29.1M
$90.5M
Q3 24
$27.4M
$91.6M
Q2 24
$25.2M
$94.4M
Q1 24
$22.2M
$74.9M
Net Profit
EVLV
EVLV
IRWD
IRWD
Q4 25
$10.9M
$-2.3M
Q3 25
$-1.8M
$40.1M
Q2 25
$-40.5M
$23.6M
Q1 25
$-1.7M
$-37.4M
Q4 24
$-15.7M
$2.3M
Q3 24
$-30.4M
$3.6M
Q2 24
$3.4M
$-860.0K
Q1 24
$-11.3M
$-4.2M
Gross Margin
EVLV
EVLV
IRWD
IRWD
Q4 25
48.4%
Q3 25
49.7%
Q2 25
49.8%
Q1 25
59.8%
Q4 24
57.5%
Q3 24
57.8%
Q2 24
58.5%
Q1 24
54.8%
Operating Margin
EVLV
EVLV
IRWD
IRWD
Q4 25
-20.7%
14.3%
Q3 25
-20.1%
61.8%
Q2 25
-53.8%
53.2%
Q1 25
-45.0%
-70.7%
Q4 24
-64.9%
34.8%
Q3 24
-70.0%
28.0%
Q2 24
-88.7%
26.5%
Q1 24
-98.8%
14.7%
Net Margin
EVLV
EVLV
IRWD
IRWD
Q4 25
28.3%
-4.8%
Q3 25
-4.2%
32.8%
Q2 25
-124.6%
27.7%
Q1 25
-5.3%
-90.9%
Q4 24
-54.0%
2.5%
Q3 24
-111.3%
4.0%
Q2 24
13.6%
-0.9%
Q1 24
-50.8%
-5.6%
EPS (diluted)
EVLV
EVLV
IRWD
IRWD
Q4 25
$0.07
$0.01
Q3 25
$-0.01
$0.23
Q2 25
$-0.25
$0.14
Q1 25
$-0.01
$-0.23
Q4 24
$-0.10
$0.03
Q3 24
$-0.19
$0.02
Q2 24
$0.02
$-0.01
Q1 24
$-0.07
$-0.03

Balance Sheet & Financial Strength

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

Metric
EVLV
EVLV
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$49.1M
$215.5M
Total DebtLower is stronger
$28.6M
Stockholders' EquityBook value
$119.4M
$-261.8M
Total Assets
$304.4M
$396.9M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
IRWD
IRWD
Q4 25
$49.1M
$215.5M
Q3 25
$56.2M
$140.4M
Q2 25
$36.9M
$92.9M
Q1 25
$35.0M
$108.5M
Q4 24
$51.9M
$88.6M
Q3 24
$56.0M
$88.2M
Q2 24
$56.5M
$105.5M
Q1 24
$81.0M
$121.5M
Total Debt
EVLV
EVLV
IRWD
IRWD
Q4 25
$28.6M
Q3 25
$28.5M
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$0
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
EVLV
EVLV
IRWD
IRWD
Q4 25
$119.4M
$-261.8M
Q3 25
$102.2M
$-264.2M
Q2 25
$92.7M
$-308.2M
Q1 25
$121.1M
$-334.1M
Q4 24
$117.7M
$-301.3M
Q3 24
$129.0M
$-311.3M
Q2 24
$151.2M
$-321.7M
Q1 24
$139.8M
$-330.5M
Total Assets
EVLV
EVLV
IRWD
IRWD
Q4 25
$304.4M
$396.9M
Q3 25
$304.3M
$396.1M
Q2 25
$280.4M
$342.9M
Q1 25
$256.0M
$327.2M
Q4 24
$268.1M
$350.9M
Q3 24
$278.5M
$389.5M
Q2 24
$269.1M
$395.6M
Q1 24
$280.0M
$438.8M
Debt / Equity
EVLV
EVLV
IRWD
IRWD
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
IRWD
IRWD
Operating Cash FlowLast quarter
$15.6M
$74.6M
Free Cash FlowOCF − Capex
$74.6M
FCF MarginFCF / Revenue
156.3%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.43×
TTM Free Cash FlowTrailing 4 quarters
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
IRWD
IRWD
Q4 25
$15.6M
$74.6M
Q3 25
$3.5M
$47.6M
Q2 25
$2.1M
$-15.1M
Q1 25
$-2.5M
$20.0M
Q4 24
$3.2M
$15.2M
Q3 24
$3.7M
$9.9M
Q2 24
$-21.6M
$33.5M
Q1 24
$-16.2M
$45.0M
Free Cash Flow
EVLV
EVLV
IRWD
IRWD
Q4 25
$74.6M
Q3 25
$47.6M
Q2 25
$-15.1M
Q1 25
$19.9M
Q4 24
Q3 24
$9.9M
Q2 24
$33.4M
Q1 24
$44.9M
FCF Margin
EVLV
EVLV
IRWD
IRWD
Q4 25
156.3%
Q3 25
39.0%
Q2 25
-17.7%
Q1 25
48.4%
Q4 24
Q3 24
10.8%
Q2 24
35.4%
Q1 24
60.0%
Capex Intensity
EVLV
EVLV
IRWD
IRWD
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
EVLV
EVLV
IRWD
IRWD
Q4 25
1.43×
Q3 25
1.19×
Q2 25
-0.64×
Q1 25
Q4 24
6.74×
Q3 24
2.71×
Q2 24
-6.31×
Q1 24

Financial Flow Comparison

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

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