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

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $38.5M, roughly 1.8× Evolv Technologies Holdings, Inc.). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 28.3%, a 355.8% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs 21.2%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

EVLV vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.8× larger
RIGL
$69.8M
$38.5M
EVLV
Growing faster (revenue YoY)
EVLV
EVLV
+11.1% gap
EVLV
32.3%
21.2%
RIGL
Higher net margin
RIGL
RIGL
355.8% more per $
RIGL
384.0%
28.3%
EVLV
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
31.8%
EVLV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVLV
EVLV
RIGL
RIGL
Revenue
$38.5M
$69.8M
Net Profit
$10.9M
$268.1M
Gross Margin
48.4%
91.5%
Operating Margin
-20.7%
33.2%
Net Margin
28.3%
384.0%
Revenue YoY
32.3%
21.2%
Net Profit YoY
169.2%
1769.2%
EPS (diluted)
$0.07
$14.11

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
RIGL
RIGL
Q4 25
$38.5M
$69.8M
Q3 25
$42.9M
$69.5M
Q2 25
$32.5M
$101.7M
Q1 25
$32.0M
$53.3M
Q4 24
$29.1M
$57.6M
Q3 24
$27.4M
$55.3M
Q2 24
$25.2M
$36.8M
Q1 24
$22.2M
$29.5M
Net Profit
EVLV
EVLV
RIGL
RIGL
Q4 25
$10.9M
$268.1M
Q3 25
$-1.8M
$27.9M
Q2 25
$-40.5M
$59.6M
Q1 25
$-1.7M
$11.4M
Q4 24
$-15.7M
$14.3M
Q3 24
$-30.4M
$12.4M
Q2 24
$3.4M
$-1.0M
Q1 24
$-11.3M
$-8.2M
Gross Margin
EVLV
EVLV
RIGL
RIGL
Q4 25
48.4%
91.5%
Q3 25
49.7%
93.2%
Q2 25
49.8%
95.6%
Q1 25
59.8%
91.7%
Q4 24
57.5%
89.9%
Q3 24
57.8%
85.5%
Q2 24
58.5%
92.4%
Q1 24
54.8%
93.1%
Operating Margin
EVLV
EVLV
RIGL
RIGL
Q4 25
-20.7%
33.2%
Q3 25
-20.1%
40.9%
Q2 25
-53.8%
60.1%
Q1 25
-45.0%
23.9%
Q4 24
-64.9%
28.9%
Q3 24
-70.0%
25.4%
Q2 24
-88.7%
1.2%
Q1 24
-98.8%
-23.6%
Net Margin
EVLV
EVLV
RIGL
RIGL
Q4 25
28.3%
384.0%
Q3 25
-4.2%
40.2%
Q2 25
-124.6%
58.6%
Q1 25
-5.3%
21.5%
Q4 24
-54.0%
24.9%
Q3 24
-111.3%
22.5%
Q2 24
13.6%
-2.8%
Q1 24
-50.8%
-27.9%
EPS (diluted)
EVLV
EVLV
RIGL
RIGL
Q4 25
$0.07
$14.11
Q3 25
$-0.01
$1.46
Q2 25
$-0.25
$3.28
Q1 25
$-0.01
$0.63
Q4 24
$-0.10
$0.82
Q3 24
$-0.19
$0.70
Q2 24
$0.02
$-0.06
Q1 24
$-0.07
$-0.47

Balance Sheet & Financial Strength

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

Metric
EVLV
EVLV
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$49.1M
$155.0M
Total DebtLower is stronger
$28.6M
$52.5M
Stockholders' EquityBook value
$119.4M
$391.5M
Total Assets
$304.4M
$513.6M
Debt / EquityLower = less leverage
0.24×
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
RIGL
RIGL
Q4 25
$49.1M
$155.0M
Q3 25
$56.2M
$137.1M
Q2 25
$36.9M
$108.4M
Q1 25
$35.0M
$77.1M
Q4 24
$51.9M
$77.3M
Q3 24
$56.0M
$61.1M
Q2 24
$56.5M
$49.1M
Q1 24
$81.0M
$49.5M
Total Debt
EVLV
EVLV
RIGL
RIGL
Q4 25
$28.6M
$52.5M
Q3 25
$28.5M
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$0
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
EVLV
EVLV
RIGL
RIGL
Q4 25
$119.4M
$391.5M
Q3 25
$102.2M
$117.6M
Q2 25
$92.7M
$81.9M
Q1 25
$121.1M
$18.6M
Q4 24
$117.7M
$3.3M
Q3 24
$129.0M
$-14.6M
Q2 24
$151.2M
$-29.9M
Q1 24
$139.8M
$-31.7M
Total Assets
EVLV
EVLV
RIGL
RIGL
Q4 25
$304.4M
$513.6M
Q3 25
$304.3M
$242.5M
Q2 25
$280.4M
$206.7M
Q1 25
$256.0M
$176.0M
Q4 24
$268.1M
$164.0M
Q3 24
$278.5M
$139.4M
Q2 24
$269.1M
$128.4M
Q1 24
$280.0M
$126.5M
Debt / Equity
EVLV
EVLV
RIGL
RIGL
Q4 25
0.24×
0.13×
Q3 25
0.28×
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
0.00×
18.25×
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
RIGL
RIGL
Operating Cash FlowLast quarter
$15.6M
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.43×
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
RIGL
RIGL
Q4 25
$15.6M
$22.0M
Q3 25
$3.5M
$24.0M
Q2 25
$2.1M
$30.5M
Q1 25
$-2.5M
$-893.0K
Q4 24
$3.2M
$14.5M
Q3 24
$3.7M
$21.7M
Q2 24
$-21.6M
$302.0K
Q1 24
$-16.2M
$-5.0M
Cash Conversion
EVLV
EVLV
RIGL
RIGL
Q4 25
1.43×
0.08×
Q3 25
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
-6.31×
Q1 24

Financial Flow Comparison

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

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