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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and KKR Real Estate Finance Trust Inc. (KREF). 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 $25.8M, roughly 1.5× KKR Real Estate Finance Trust Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -101.7%, a 130.0% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs -26.6%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs -18.8%).
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.
KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.
EVLV vs KREF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.5M | $25.8M |
| Net Profit | $10.9M | $-26.2M |
| Gross Margin | 48.4% | — |
| Operating Margin | -20.7% | -105.1% |
| Net Margin | 28.3% | -101.7% |
| Revenue YoY | 32.3% | -26.6% |
| Net Profit YoY | 169.2% | -229.6% |
| EPS (diluted) | $0.07 | $-0.49 |
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.
| Q4 25 | $38.5M | $25.8M | ||
| Q3 25 | $42.9M | $25.3M | ||
| Q2 25 | $32.5M | $30.2M | ||
| Q1 25 | $32.0M | $31.3M | ||
| Q4 24 | $29.1M | $35.1M | ||
| Q3 24 | $27.4M | $37.0M | ||
| Q2 24 | $25.2M | $40.4M | ||
| Q1 24 | $22.2M | $39.1M |
| Q4 25 | $10.9M | $-26.2M | ||
| Q3 25 | $-1.8M | $13.8M | ||
| Q2 25 | $-40.5M | $-29.7M | ||
| Q1 25 | $-1.7M | $-4.9M | ||
| Q4 24 | $-15.7M | $20.3M | ||
| Q3 24 | $-30.4M | $-7.4M | ||
| Q2 24 | $3.4M | $25.8M | ||
| Q1 24 | $-11.3M | $-3.1M |
| 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% | — |
| Q4 25 | -20.7% | -105.1% | ||
| Q3 25 | -20.1% | 50.4% | ||
| Q2 25 | -53.8% | -101.3% | ||
| Q1 25 | -45.0% | -18.3% | ||
| Q4 24 | -64.9% | 55.8% | ||
| Q3 24 | -70.0% | -19.6% | ||
| Q2 24 | -88.7% | 63.3% | ||
| Q1 24 | -98.8% | -8.7% |
| Q4 25 | 28.3% | -101.7% | ||
| Q3 25 | -4.2% | 54.4% | ||
| Q2 25 | -124.6% | -98.5% | ||
| Q1 25 | -5.3% | -15.5% | ||
| Q4 24 | -54.0% | 57.7% | ||
| Q3 24 | -111.3% | -20.0% | ||
| Q2 24 | 13.6% | 63.9% | ||
| Q1 24 | -50.8% | -7.9% |
| Q4 25 | $0.07 | $-0.49 | ||
| Q3 25 | $-0.01 | $0.12 | ||
| Q2 25 | $-0.25 | $-0.53 | ||
| Q1 25 | $-0.01 | $-0.15 | ||
| Q4 24 | $-0.10 | $0.22 | ||
| Q3 24 | $-0.19 | $-0.19 | ||
| Q2 24 | $0.02 | $0.29 | ||
| Q1 24 | $-0.07 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.1M | $84.6M |
| Total DebtLower is stronger | $28.6M | — |
| Stockholders' EquityBook value | $119.4M | $1.2B |
| Total Assets | $304.4M | $6.5B |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $84.6M | ||
| Q3 25 | $56.2M | $204.1M | ||
| Q2 25 | $36.9M | $107.7M | ||
| Q1 25 | $35.0M | $106.4M | ||
| Q4 24 | $51.9M | $104.9M | ||
| Q3 24 | $56.0M | $108.8M | ||
| Q2 24 | $56.5M | $107.2M | ||
| Q1 24 | $81.0M | $106.5M |
| Q4 25 | $28.6M | — | ||
| Q3 25 | $28.5M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $119.4M | $1.2B | ||
| Q3 25 | $102.2M | $1.2B | ||
| Q2 25 | $92.7M | $1.2B | ||
| Q1 25 | $121.1M | $1.3B | ||
| Q4 24 | $117.7M | $1.3B | ||
| Q3 24 | $129.0M | $1.4B | ||
| Q2 24 | $151.2M | $1.4B | ||
| Q1 24 | $139.8M | $1.4B |
| Q4 25 | $304.4M | $6.5B | ||
| Q3 25 | $304.3M | $6.5B | ||
| Q2 25 | $280.4M | $6.8B | ||
| Q1 25 | $256.0M | $6.6B | ||
| Q4 24 | $268.1M | $6.4B | ||
| Q3 24 | $278.5M | $6.8B | ||
| Q2 24 | $269.1M | $7.1B | ||
| Q1 24 | $280.0M | $7.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $15.6M | $72.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $72.3M | ||
| Q3 25 | $3.5M | $18.5M | ||
| Q2 25 | $2.1M | $21.1M | ||
| Q1 25 | $-2.5M | $15.9M | ||
| Q4 24 | $3.2M | $132.6M | ||
| Q3 24 | $3.7M | $49.1M | ||
| Q2 24 | $-21.6M | $30.6M | ||
| Q1 24 | $-16.2M | $34.5M |
| Q4 25 | 1.43× | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 6.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | -6.31× | 1.19× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
