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

Sector

Digital Hardware
Primary listing

Employees

287

EVLV Metrics

BasicAdvanced
$1.4B
-
-$0.55
1.70
-

What the Analysts think about EVLV

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

Bulls say / Bears say

In Q1 2025, Evolv reported revenue of $32.0 million, up 44% year-over-year, with ARR at $106.0 million (+34%) and positive adjusted EBITDA of $1.7 million, marking clear operational progress toward profitability (Business Wire).
During Q2 2025, the company recorded $32.5 million in revenue, a 29% increase year-over-year, and delivered a second straight quarter of positive adjusted EBITDA at $2.0 million, reflecting steady growth and improving margins (Business Wire).
As of June 30, 2025, Evolv held $36.9 million in cash with zero debt, and secured a $75 million non-dilutive credit facility with MidCap Financial (SOFR + 5.25%) to support expansion of its subscription-based model without shareholder dilution (Business Wire).
Evolv faces investor class-action lawsuits accusing it of overstating the performance of its AI-powered security solutions and engaging in 'AI washing,' presenting significant legal and reputational risks (Reuters).
On April 16, 2025, the company received a Nasdaq delinquency notice due to late filing of its Annual Report, stemming from an internal investigation and financial restatement, raising concerns about compliance and the possibility of delisting (Investing.com).
For Q2 2025, Evolv posted a net loss of $40.5 million compared to net income of $3.4 million in Q2 2024, underlining persistent profitability issues and elevated cash usage (Business Wire).
Data summarised monthly by Lightyear AI. Last updated on 9 Oct 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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