Evolv Technologies Holdings, Inc.

NASDAQ•EVLV

CEO: Mr. John Kedzierski

Sector: Industrials

Industry: Security & Protection Services

Listing Date: 2020-09-22

Evolv Technologies Holdings, Inc. provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics. The company was founded in 2013 and is headquartered in Waltham, Massachusetts.

Contact Information

500 Totten Pond Road, 4th Floor, Waltham, MA, 02451, United States

781-374-8100

evolvtechnology.com

Market Cap

$1.07B

P/E (TTM)

-31.4

15.5

Dividend Yield

52W High

$8.91

52W Low

$3.10

52W Range

49%

Rank61Top 91.5%

2.0

F-Score

Modified Piotroski Analysis

Based on 6-year fundamentals

Weak • 2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2020-2025

Financial Dashboard

Q4 2025 Data

Revenue

$38.50M+0.00%

4-Quarter Trend

EPS

$0.06+0.00%

4-Quarter Trend

FCF

$8.65M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Increased 40% Total revenue reached $145.9M in 2025, marking a 40% increase, driven by product revenue growth of 235%.

Net Loss Significantly Reduced Net loss narrowed by 39% to $(33.1M) in 2025 from $(54.0M) in 2024, reflecting improved operating leverage.

Adjusted EBITDA Turns Positive Adjusted EBITDA improved $32.1M year-over-year, achieving $11.1M in 2025 compared to $(21.0M) in 2024.

Subscription Revenue Grows 29% Subscription revenue increased to $83.8M in 2025, supported by growth in active Evolv Express and eXpedite systems.

Risk Factors

Internal Control Material Weaknesses Material weaknesses in internal controls contributed to prior restatements; remediation efforts are ongoing and success is not guaranteed.

Product Failure Reputational Risk Product failure or perceived failure to detect threats could severely harm reputation, leading to customer loss and financial damages.

Recurring Revenue Renewal Uncertainty Risk of losing recurring revenue if four-year subscription customers choose not to renew or renew at lower rates.

Supply Chain Disruptions Possible Reliance on contract manufacturers exposes the company to risks from component cost increases, shortages, and geopolitical volatility.

Outlook

Focus on Growth and Investment Expect continued operating losses while focusing on growing recurring commercial sales, expanding sales teams, and R&D efforts.

International Market Expansion Anticipate increased adoption in foreign markets in the future, though pricing may vary by region and market dynamics.

Supply Chain Diversification Entered agreement with Plexus Corp. to enhance scalability, geographic diversification, and operational resiliency.

New Product Value Extension Opportunity exists to introduce new applications and services that solve adjacent security challenges beyond the initial threshold.

Peer Comparison

Revenue (TTM)

ALGT

$2.61B

+3.7%

PRG

$2.46B

-0.2%

HSII

$1.21B

+11.1%

Gross Margin (Latest Quarter)

NSSC

58.6%

+0.7pp

CMRE

53.8%

+49.2pp

EVLV

48.4%

-8.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
CMRE	$2.08B	5.7	16.9%	39.2%
GRC	$1.81B	34.1	13.3%	38.1%
ALGT	$1.58B	-34.8	-4.2%	44.3%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

6.4%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 27, 2026

EPS:-$0.08

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data