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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and Viridian Therapeutics, Inc.\DE (VRDN). Click either name above to swap in a different company.

Viridian Therapeutics, Inc.\DE is the larger business by last-quarter revenue ($70.6M vs $38.5M, roughly 1.8× Evolv Technologies Holdings, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -49.0%, a 77.3% gap on every dollar of revenue. On growth, Viridian Therapeutics, Inc.\DE posted the faster year-over-year revenue change (81958.1% vs 32.3%).

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.

Viridian Therapeutics is a clinical-stage biotechnology firm developing novel disease-modifying therapies for rare, serious autoimmune and inflammatory diseases. Its lead pipeline candidate targets thyroid eye disease, a debilitating orbital disorder, with primary market focus on North America and Europe.

EVLV vs VRDN — Head-to-Head

Bigger by revenue
VRDN
VRDN
1.8× larger
VRDN
$70.6M
$38.5M
EVLV
Growing faster (revenue YoY)
VRDN
VRDN
+81925.8% gap
VRDN
81958.1%
32.3%
EVLV
Higher net margin
EVLV
EVLV
77.3% more per $
EVLV
28.3%
-49.0%
VRDN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EVLV
EVLV
VRDN
VRDN
Revenue
$38.5M
$70.6M
Net Profit
$10.9M
$-34.6M
Gross Margin
48.4%
Operating Margin
-20.7%
-56.7%
Net Margin
28.3%
-49.0%
Revenue YoY
32.3%
81958.1%
Net Profit YoY
169.2%
54.9%
EPS (diluted)
$0.07

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
VRDN
VRDN
Q4 25
$38.5M
Q3 25
$42.9M
$70.6M
Q2 25
$32.5M
Q1 25
$32.0M
Q4 24
$29.1M
Q3 24
$27.4M
Q2 24
$25.2M
Q1 24
$22.2M
Net Profit
EVLV
EVLV
VRDN
VRDN
Q4 25
$10.9M
Q3 25
$-1.8M
$-34.6M
Q2 25
$-40.5M
Q1 25
$-1.7M
Q4 24
$-15.7M
Q3 24
$-30.4M
Q2 24
$3.4M
Q1 24
$-11.3M
Gross Margin
EVLV
EVLV
VRDN
VRDN
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
VRDN
VRDN
Q4 25
-20.7%
Q3 25
-20.1%
-56.7%
Q2 25
-53.8%
Q1 25
-45.0%
Q4 24
-64.9%
Q3 24
-70.0%
Q2 24
-88.7%
Q1 24
-98.8%
Net Margin
EVLV
EVLV
VRDN
VRDN
Q4 25
28.3%
Q3 25
-4.2%
-49.0%
Q2 25
-124.6%
Q1 25
-5.3%
Q4 24
-54.0%
Q3 24
-111.3%
Q2 24
13.6%
Q1 24
-50.8%
EPS (diluted)
EVLV
EVLV
VRDN
VRDN
Q4 25
$0.07
Q3 25
$-0.01
Q2 25
$-0.25
Q1 25
$-0.01
Q4 24
$-0.10
Q3 24
$-0.19
Q2 24
$0.02
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
EVLV
EVLV
VRDN
VRDN
Cash + ST InvestmentsLiquidity on hand
$49.1M
$490.9M
Total DebtLower is stronger
$28.6M
Stockholders' EquityBook value
$119.4M
$503.0M
Total Assets
$304.4M
$577.1M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
VRDN
VRDN
Q4 25
$49.1M
Q3 25
$56.2M
$490.9M
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
VRDN
VRDN
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
VRDN
VRDN
Q4 25
$119.4M
Q3 25
$102.2M
$503.0M
Q2 25
$92.7M
Q1 25
$121.1M
Q4 24
$117.7M
Q3 24
$129.0M
Q2 24
$151.2M
Q1 24
$139.8M
Total Assets
EVLV
EVLV
VRDN
VRDN
Q4 25
$304.4M
Q3 25
$304.3M
$577.1M
Q2 25
$280.4M
Q1 25
$256.0M
Q4 24
$268.1M
Q3 24
$278.5M
Q2 24
$269.1M
Q1 24
$280.0M
Debt / Equity
EVLV
EVLV
VRDN
VRDN
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
VRDN
VRDN
Operating Cash FlowLast quarter
$15.6M
$-84.6M
Free Cash FlowOCF − Capex
$-84.7M
FCF MarginFCF / Revenue
-120.1%
Capex IntensityCapex / Revenue
0.2%
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
VRDN
VRDN
Q4 25
$15.6M
Q3 25
$3.5M
$-84.6M
Q2 25
$2.1M
Q1 25
$-2.5M
Q4 24
$3.2M
Q3 24
$3.7M
Q2 24
$-21.6M
Q1 24
$-16.2M
Free Cash Flow
EVLV
EVLV
VRDN
VRDN
Q4 25
Q3 25
$-84.7M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
EVLV
EVLV
VRDN
VRDN
Q4 25
Q3 25
-120.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
EVLV
EVLV
VRDN
VRDN
Q4 25
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
EVLV
EVLV
VRDN
VRDN
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.

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