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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and TELOS CORP (TLS). Click either name above to swap in a different company.
TELOS CORP is the larger business by last-quarter revenue ($46.8M vs $38.5M, roughly 1.2× Evolv Technologies Holdings, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -34.9%, a 63.1% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 32.3%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs 25.7%).
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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
EVLV vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.5M | $46.8M |
| Net Profit | $10.9M | $-16.3M |
| Gross Margin | 48.4% | 35.0% |
| Operating Margin | -20.7% | -39.6% |
| Net Margin | 28.3% | -34.9% |
| Revenue YoY | 32.3% | 77.4% |
| Net Profit YoY | 169.2% | -74.8% |
| EPS (diluted) | $0.07 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $42.9M | $51.4M | ||
| Q2 25 | $32.5M | $36.0M | ||
| Q1 25 | $32.0M | $30.6M | ||
| Q4 24 | $29.1M | $26.4M | ||
| Q3 24 | $27.4M | $23.8M | ||
| Q2 24 | $25.2M | $28.5M | ||
| Q1 24 | $22.2M | $29.6M |
| Q4 25 | $10.9M | $-16.3M | ||
| Q3 25 | $-1.8M | $-2.1M | ||
| Q2 25 | $-40.5M | $-9.5M | ||
| Q1 25 | $-1.7M | $-8.6M | ||
| Q4 24 | $-15.7M | $-9.3M | ||
| Q3 24 | $-30.4M | $-28.1M | ||
| Q2 24 | $3.4M | $-7.8M | ||
| Q1 24 | $-11.3M | $-7.4M |
| Q4 25 | 48.4% | 35.0% | ||
| Q3 25 | 49.7% | 39.9% | ||
| Q2 25 | 49.8% | 33.2% | ||
| Q1 25 | 59.8% | 39.8% | ||
| Q4 24 | 57.5% | 40.3% | ||
| Q3 24 | 57.8% | 13.2% | ||
| Q2 24 | 58.5% | 34.1% | ||
| Q1 24 | 54.8% | 37.0% |
| Q4 25 | -20.7% | -39.6% | ||
| Q3 25 | -20.1% | -4.8% | ||
| Q2 25 | -53.8% | -27.5% | ||
| Q1 25 | -45.0% | -29.5% | ||
| Q4 24 | -64.9% | -37.6% | ||
| Q3 24 | -70.0% | -121.4% | ||
| Q2 24 | -88.7% | -30.3% | ||
| Q1 24 | -98.8% | -28.5% |
| Q4 25 | 28.3% | -34.9% | ||
| Q3 25 | -4.2% | -4.1% | ||
| Q2 25 | -124.6% | -26.5% | ||
| Q1 25 | -5.3% | -28.1% | ||
| Q4 24 | -54.0% | -35.4% | ||
| Q3 24 | -111.3% | -118.0% | ||
| Q2 24 | 13.6% | -27.2% | ||
| Q1 24 | -50.8% | -24.9% |
| Q4 25 | $0.07 | $-0.22 | ||
| Q3 25 | $-0.01 | $-0.03 | ||
| Q2 25 | $-0.25 | $-0.13 | ||
| Q1 25 | $-0.01 | $-0.12 | ||
| Q4 24 | $-0.10 | $-0.13 | ||
| Q3 24 | $-0.19 | $-0.39 | ||
| Q2 24 | $0.02 | $-0.11 | ||
| Q1 24 | $-0.07 | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | $28.6M | — |
| Stockholders' EquityBook value | $119.4M | $96.0M |
| Total Assets | $304.4M | $139.9M |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $53.2M | ||
| Q3 25 | $56.2M | $59.0M | ||
| Q2 25 | $36.9M | $57.0M | ||
| Q1 25 | $35.0M | $57.8M | ||
| Q4 24 | $51.9M | $54.6M | ||
| Q3 24 | $56.0M | $69.8M | ||
| Q2 24 | $56.5M | $80.1M | ||
| Q1 24 | $81.0M | $93.9M |
| 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 | $96.0M | ||
| Q3 25 | $102.2M | $119.7M | ||
| Q2 25 | $92.7M | $118.4M | ||
| Q1 25 | $121.1M | $126.1M | ||
| Q4 24 | $117.7M | $127.1M | ||
| Q3 24 | $129.0M | $129.5M | ||
| Q2 24 | $151.2M | $149.1M | ||
| Q1 24 | $139.8M | $154.4M |
| Q4 25 | $304.4M | $139.9M | ||
| Q3 25 | $304.3M | $164.3M | ||
| Q2 25 | $280.4M | $165.0M | ||
| Q1 25 | $256.0M | $158.1M | ||
| Q4 24 | $268.1M | $158.2M | ||
| Q3 24 | $278.5M | $166.3M | ||
| Q2 24 | $269.1M | $182.4M | ||
| Q1 24 | $280.0M | $195.4M |
| 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 | $8.0M |
| Free Cash FlowOCF − Capex | — | $8.0M |
| FCF MarginFCF / Revenue | — | 17.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 1.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $8.0M | ||
| Q3 25 | $3.5M | $9.1M | ||
| Q2 25 | $2.1M | $7.0M | ||
| Q1 25 | $-2.5M | $6.1M | ||
| Q4 24 | $3.2M | $-10.5M | ||
| Q3 24 | $3.7M | $-7.1M | ||
| Q2 24 | $-21.6M | $-8.0M | ||
| Q1 24 | $-16.2M | $-350.0K |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 1.43× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -6.31× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVLV
Segment breakdown not available.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
