Evolv Technologies Holdings, Inc.
NasdaqCM-EVLV
Company Overview
Evolv Technologies Holdings, Inc. provides artificial intelligence (AI)-based touchless security screening systems. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives as visitors walk through at a normal pace; Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics; and Evolv Edge to detect non-metallic explosive devices, explosive devices, firearms, and tactical knives without requiring visitors to divest or empty their pockets. The company is headquartered in Waltham, Massachusetts.
Name
Evolv Technologies Holdings, Inc.
CEO
John Kedzierski
Website
evolv.com
Sector
Electronic Equipment, Instruments and Components
Year Founded
2013
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What's happening
Nov 11, 2025 - Dec 11, 2025
Evolv Technologies Holdings Inc Faces Mixed Results Amid Market Challenges
- EVLV reported third-quarter revenue of $42.9 million, exceeding analyst expectations but still posted a net loss of $1.8 million.
- Insider buying activity suggests management confidence despite ongoing operational challenges and mixed financial results.
- The stock underperformed the S&P 500 by 7.9% over the past month, yet outperformed the Information Technology sector by 42%.
Over the past month, Evolv Technologies Holdings Inc. (EVLV) experienced a decline of 7.7% in its stock price, significantly underperforming compared to the S&P 500's return of just 0.3%. This downturn can be attributed to several key events that influenced market sentiment and investor confidence during this period.
The release of EVLV's third-quarter financial results on November 13 was particularly impactful; it revealed a revenue figure of $42.9 million—well above analyst expectations set at $33.7 million—and an annual recurring revenue (ARR) increase to $117.2 million, reflecting year-over-year growth of 25%. Despite these positive figures and an upward revision in full-year revenue outlook from between $132-$135 million to approximately $142-$145 million, the company reported a net loss of $1.8 million with earnings per share missing consensus estimates at -$0.01 versus -$0.03 expected by analysts.
Social media discussions following the earnings report highlighted ongoing legal and operational challenges facing EVLV, which dampened investor enthusiasm regarding potential future growth prospects despite optimistic projections for next year's revenues reaching around $190 million with durable growth rates near 30%.
On a more positive note, insider transactions indicated management's confidence in future prospects; Director Richard A. Shapiro purchased over 46,000 shares priced between $6-6.02 shortly before the earnings announcement while another director acquired shares valued at over $85k days later at about $5.68 each.
Overall market reactions suggest that while there were bullish indicators stemming from insider buying and strong Q3 revenue numbers exceeding expectations, they were overshadowed by persistent concerns regarding profitability and operational hurdles leading up to EVLV’s overall negative performance relative not only against broader indices but also within its sector context where it outperformed Information Technology (XLK) by 42%.