Evolv Technologies/$EVLV

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About Evolv Technologies

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase under a multi-year security-as-a-service subscription pricing model that delivers ongoing value to customers, generates predictable revenue, and creates expansion and upsell opportunities. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.

Ticker

$EVLV
Primary listing

Industry

Electronic Equipment, Instruments & Components

Employees

287

ISIN

US30049H1023
Website

EVLV Metrics

BasicAdvanced
$1B
-
-$0.28
1.68
-

What the Analysts think about EVLV

Analyst ratings (Buy, Hold, Sell) for Evolv Technologies stock.

Bulls say / Bears say

Evolv Technology reported a 37% year-over-year increase in Q3 2024 revenue, reaching $27.4 million, indicating strong growth momentum. (businesswire.com)
The company's Annual Recurring Revenue (ARR) rose to $93.7 million by the end of Q3 2024, a 46% increase from the previous year, showcasing a robust subscription-based revenue model. (businesswire.com)
Evolv successfully completed the restatement of its financial statements and resolved an FTC investigation, positioning the company for future growth with improved transparency and compliance. (tradingview.com)
An internal investigation revealed that certain sales were subject to extra-contractual terms not disclosed to accounting personnel, leading to revenue misstatements and necessitating a restatement of financials. (bloomberg.com)
Following the disclosure of financial misstatements, Evolv's stock price plummeted by approximately 46% during intraday trading on October 25, 2024, reflecting significant investor concern. (globenewswire.com)
The company is facing a securities fraud class action lawsuit alleging material misstatements in financial statements between Q2 2022 and Q2 2024, which could lead to substantial legal liabilities. (globenewswire.com)
Data summarised monthly by Lightyear AI. Last updated on 6 Jun 2025.

EVLV Financial Performance

Revenues and expenses
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
$37B
-39.75%
Net income
$45B
107.52%
Profit margin
37.65%
6.78%

EVLV Earnings Performance

Company profitability
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
$3.69
$2.85
$2.45
$2.42
-
Expected
$3.55
$2.61
$2.05
$2.31
$3.94
Surprise
3.94%
9.20%
19.51%
4.63%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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