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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and Maison Solutions Inc. (MSS). 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 $27.6M, roughly 1.4× Maison Solutions Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -18.0%, a 46.2% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs -10.9%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% CAGR vs 31.8%).

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.

Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.

EVLV vs MSS — Head-to-Head

Bigger by revenue
EVLV
EVLV
1.4× larger
EVLV
$38.5M
$27.6M
MSS
Growing faster (revenue YoY)
EVLV
EVLV
+43.3% gap
EVLV
32.3%
-10.9%
MSS
Higher net margin
EVLV
EVLV
46.2% more per $
EVLV
28.3%
-18.0%
MSS
Faster 2-yr revenue CAGR
MSS
MSS
Annualised
MSS
42.5%
31.8%
EVLV

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EVLV
EVLV
MSS
MSS
Revenue
$38.5M
$27.6M
Net Profit
$10.9M
$-5.0M
Gross Margin
48.4%
23.4%
Operating Margin
-20.7%
-4.9%
Net Margin
28.3%
-18.0%
Revenue YoY
32.3%
-10.9%
Net Profit YoY
169.2%
-1840.5%
EPS (diluted)
$0.07
$-0.23

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
MSS
MSS
Q4 25
$38.5M
$27.6M
Q3 25
$42.9M
$27.2M
Q2 25
$32.5M
$34.4M
Q1 25
$32.0M
$32.3M
Q4 24
$29.1M
$29.4M
Q3 24
$27.4M
$28.2M
Q2 24
$25.2M
$16.9M
Q1 24
$22.2M
$13.6M
Net Profit
EVLV
EVLV
MSS
MSS
Q4 25
$10.9M
$-5.0M
Q3 25
$-1.8M
$-1.5M
Q2 25
$-40.5M
$-287.4K
Q1 25
$-1.7M
$1.0M
Q4 24
$-15.7M
$-256.0K
Q3 24
$-30.4M
$700.9K
Q2 24
$3.4M
$-2.8M
Q1 24
$-11.3M
$-549.0K
Gross Margin
EVLV
EVLV
MSS
MSS
Q4 25
48.4%
23.4%
Q3 25
49.7%
24.1%
Q2 25
49.8%
9.5%
Q1 25
59.8%
21.8%
Q4 24
57.5%
26.9%
Q3 24
57.8%
28.9%
Q2 24
58.5%
13.0%
Q1 24
54.8%
23.4%
Operating Margin
EVLV
EVLV
MSS
MSS
Q4 25
-20.7%
-4.9%
Q3 25
-20.1%
0.7%
Q2 25
-53.8%
-15.9%
Q1 25
-45.0%
3.7%
Q4 24
-64.9%
3.2%
Q3 24
-70.0%
7.3%
Q2 24
-88.7%
-14.4%
Q1 24
-98.8%
-2.3%
Net Margin
EVLV
EVLV
MSS
MSS
Q4 25
28.3%
-18.0%
Q3 25
-4.2%
-5.7%
Q2 25
-124.6%
-0.8%
Q1 25
-5.3%
3.1%
Q4 24
-54.0%
-0.9%
Q3 24
-111.3%
2.5%
Q2 24
13.6%
-16.4%
Q1 24
-50.8%
-4.0%
EPS (diluted)
EVLV
EVLV
MSS
MSS
Q4 25
$0.07
$-0.23
Q3 25
$-0.01
$-0.08
Q2 25
$-0.25
$-0.02
Q1 25
$-0.01
$0.06
Q4 24
$-0.10
$-0.01
Q3 24
$-0.19
$0.04
Q2 24
$0.02
$-0.16
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
MSS
MSS
Cash + ST InvestmentsLiquidity on hand
$49.1M
Total DebtLower is stronger
$28.6M
$2.6M
Stockholders' EquityBook value
$119.4M
$11.6M
Total Assets
$304.4M
$75.4M
Debt / EquityLower = less leverage
0.24×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
MSS
MSS
Q4 25
$49.1M
Q3 25
$56.2M
$1.1M
Q2 25
$36.9M
$775.4K
Q1 25
$35.0M
$445.4K
Q4 24
$51.9M
$355.7K
Q3 24
$56.0M
$588.9K
Q2 24
$56.5M
$2.1M
Q1 24
$81.0M
$9.4M
Total Debt
EVLV
EVLV
MSS
MSS
Q4 25
$28.6M
$2.6M
Q3 25
$28.5M
$2.6M
Q2 25
$2.6M
Q1 25
Q4 24
$0
Q3 24
$2.5M
Q2 24
$2.6M
Q1 24
$2.6M
Stockholders' Equity
EVLV
EVLV
MSS
MSS
Q4 25
$119.4M
$11.6M
Q3 25
$102.2M
$10.1M
Q2 25
$92.7M
$11.7M
Q1 25
$121.1M
$12.0M
Q4 24
$117.7M
$10.9M
Q3 24
$129.0M
$11.2M
Q2 24
$151.2M
$10.5M
Q1 24
$139.8M
$13.3M
Total Assets
EVLV
EVLV
MSS
MSS
Q4 25
$304.4M
$75.4M
Q3 25
$304.3M
$73.3M
Q2 25
$280.4M
$77.4M
Q1 25
$256.0M
$82.7M
Q4 24
$268.1M
$82.7M
Q3 24
$278.5M
$82.1M
Q2 24
$269.1M
$82.4M
Q1 24
$280.0M
$44.2M
Debt / Equity
EVLV
EVLV
MSS
MSS
Q4 25
0.24×
0.22×
Q3 25
0.28×
0.26×
Q2 25
0.22×
Q1 25
Q4 24
0.00×
Q3 24
0.23×
Q2 24
0.24×
Q1 24
0.19×

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
MSS
MSS
Operating Cash FlowLast quarter
$15.6M
$-1.7M
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.

Operating Cash Flow
EVLV
EVLV
MSS
MSS
Q4 25
$15.6M
$-1.7M
Q3 25
$3.5M
$1.1M
Q2 25
$2.1M
$-1.6M
Q1 25
$-2.5M
$1.7M
Q4 24
$3.2M
$1.1M
Q3 24
$3.7M
$3.6M
Q2 24
$-21.6M
$-2.6M
Q1 24
$-16.2M
$-1.4M
Cash Conversion
EVLV
EVLV
MSS
MSS
Q4 25
1.43×
Q3 25
Q2 25
Q1 25
1.66×
Q4 24
Q3 24
5.12×
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.

MSS
MSS

Perishables$14.4M52%
Nonperishables$13.2M48%

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