Evolv Technologies vs Unusual Machines
Evolv Technologies reported revenue of $146 million in fiscal 2025, 13.0 times Unusual Machines' $11 million in fiscal 2025. Evolv Technologies' revenue grew 40.5% in its latest year, and Unusual Machines' grew 101.2%. Evolv Technologies had an operating margin of -33.2%, against -224.6% at Unusual Machines. Free cash flow was $13 million at Evolv Technologies and −$23 million at Unusual Machines.
Side by side
| Evolv Technologies | Unusual Machines | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $146M | $11M |
| Revenue growth | 40.5% | 101.2% |
| Revenue growth a year, last 5 years | 98.0% | — |
| Gross margin | 51.6% | 34.9% |
| Operating margin | −33.2% | −224.6% |
| Net margin | −22.7% | −171.4% |
| Free cash flow | $13M | −$23M |
| Free cash flow margin | 8.9% | −207.5% |
| Return on capital | −52.9% | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 7.6% | 212.5% |
| Last close | $4.56 | $11.90 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $749,505, sold $6.9 million | sold $10.9 million |
| Piotroski F-score | 4 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Evolv TechnologiesUnusual Machines
Operating margin
Percent of revenue
Evolv TechnologiesUnusual Machines
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Evolv TechnologiesUnusual Machines
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Evolv Technologies and Unusual Machines pages.