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

MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $38.5M, roughly 1.6× Evolv Technologies Holdings, Inc.). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 28.3%, a 3.1% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs 30.8%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs 21.1%).

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.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

EVLV vs MPB — Head-to-Head

Bigger by revenue
MPB
MPB
1.6× larger
MPB
$62.0M
$38.5M
EVLV
Growing faster (revenue YoY)
EVLV
EVLV
+1.5% gap
EVLV
32.3%
30.8%
MPB
Higher net margin
MPB
MPB
3.1% more per $
MPB
31.4%
28.3%
EVLV
Faster 2-yr revenue CAGR
EVLV
EVLV
Annualised
EVLV
31.8%
21.1%
MPB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVLV
EVLV
MPB
MPB
Revenue
$38.5M
$62.0M
Net Profit
$10.9M
$19.4M
Gross Margin
48.4%
Operating Margin
-20.7%
43.6%
Net Margin
28.3%
31.4%
Revenue YoY
32.3%
30.8%
Net Profit YoY
169.2%
47.0%
EPS (diluted)
$0.07
$0.83

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
MPB
MPB
Q4 25
$38.5M
$62.0M
Q3 25
$42.9M
$61.8M
Q2 25
$32.5M
$54.3M
Q1 25
$32.0M
$47.7M
Q4 24
$29.1M
$47.4M
Q3 24
$27.4M
$45.3M
Q2 24
$25.2M
$44.1M
Q1 24
$22.2M
$42.3M
Net Profit
EVLV
EVLV
MPB
MPB
Q4 25
$10.9M
$19.4M
Q3 25
$-1.8M
$18.3M
Q2 25
$-40.5M
$4.8M
Q1 25
$-1.7M
$13.7M
Q4 24
$-15.7M
$13.2M
Q3 24
$-30.4M
$12.3M
Q2 24
$3.4M
$11.8M
Q1 24
$-11.3M
$12.1M
Gross Margin
EVLV
EVLV
MPB
MPB
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
MPB
MPB
Q4 25
-20.7%
43.6%
Q3 25
-20.1%
39.3%
Q2 25
-53.8%
7.9%
Q1 25
-45.0%
35.2%
Q4 24
-64.9%
34.1%
Q3 24
-70.0%
32.8%
Q2 24
-88.7%
32.4%
Q1 24
-98.8%
34.8%
Net Margin
EVLV
EVLV
MPB
MPB
Q4 25
28.3%
31.4%
Q3 25
-4.2%
29.6%
Q2 25
-124.6%
8.8%
Q1 25
-5.3%
28.8%
Q4 24
-54.0%
27.9%
Q3 24
-111.3%
27.1%
Q2 24
13.6%
26.7%
Q1 24
-50.8%
28.7%
EPS (diluted)
EVLV
EVLV
MPB
MPB
Q4 25
$0.07
$0.83
Q3 25
$-0.01
$0.79
Q2 25
$-0.25
$0.22
Q1 25
$-0.01
$0.71
Q4 24
$-0.10
$0.72
Q3 24
$-0.19
$0.74
Q2 24
$0.02
$0.71
Q1 24
$-0.07
$0.73

Balance Sheet & Financial Strength

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

Metric
EVLV
EVLV
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$49.1M
Total DebtLower is stronger
$28.6M
Stockholders' EquityBook value
$119.4M
$814.1M
Total Assets
$304.4M
$6.1B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
MPB
MPB
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
$56.5M
Q1 24
$81.0M
Total Debt
EVLV
EVLV
MPB
MPB
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
MPB
MPB
Q4 25
$119.4M
$814.1M
Q3 25
$102.2M
$796.3M
Q2 25
$92.7M
$775.7M
Q1 25
$121.1M
$667.9M
Q4 24
$117.7M
$655.0M
Q3 24
$129.0M
$573.1M
Q2 24
$151.2M
$559.7M
Q1 24
$139.8M
$551.0M
Total Assets
EVLV
EVLV
MPB
MPB
Q4 25
$304.4M
$6.1B
Q3 25
$304.3M
$6.3B
Q2 25
$280.4M
$6.4B
Q1 25
$256.0M
$5.5B
Q4 24
$268.1M
$5.5B
Q3 24
$278.5M
$5.5B
Q2 24
$269.1M
$5.4B
Q1 24
$280.0M
$5.3B
Debt / Equity
EVLV
EVLV
MPB
MPB
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
MPB
MPB
Operating Cash FlowLast quarter
$15.6M
$80.0M
Free Cash FlowOCF − Capex
$71.8M
FCF MarginFCF / Revenue
115.8%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
1.43×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
MPB
MPB
Q4 25
$15.6M
$80.0M
Q3 25
$3.5M
$26.3M
Q2 25
$2.1M
$29.0M
Q1 25
$-2.5M
$11.5M
Q4 24
$3.2M
$51.4M
Q3 24
$3.7M
$16.9M
Q2 24
$-21.6M
$18.0M
Q1 24
$-16.2M
$12.4M
Free Cash Flow
EVLV
EVLV
MPB
MPB
Q4 25
$71.8M
Q3 25
$24.3M
Q2 25
$27.2M
Q1 25
$8.8M
Q4 24
$44.5M
Q3 24
$16.8M
Q2 24
$17.7M
Q1 24
$12.1M
FCF Margin
EVLV
EVLV
MPB
MPB
Q4 25
115.8%
Q3 25
39.4%
Q2 25
50.1%
Q1 25
18.4%
Q4 24
93.8%
Q3 24
37.1%
Q2 24
40.2%
Q1 24
28.5%
Capex Intensity
EVLV
EVLV
MPB
MPB
Q4 25
13.3%
Q3 25
3.1%
Q2 25
3.2%
Q1 25
5.7%
Q4 24
14.6%
Q3 24
0.0%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
EVLV
EVLV
MPB
MPB
Q4 25
1.43×
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
-6.31×
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

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