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MARKETS / NASDAQ / EVLV
NASDAQ · COMPUTER PERIPHERAL EQUIPMENT, NEC · SMALL CAP

Evolv Technologies Holdings, Inc. EVLV

6 fiscal years on record · USD · FY2025 reported · SEC filings only
$145.9M
▲ 40.5% YoY
$-33.1M
In brief

What this company does

Evolv Technologies Holdings, Inc. focuses on weapons detection and offers two core screening solutions that can be deployed independently or together. Its products have screened over four billion visitors worldwide since the launch of Evolv Express in 2019. As of December 31, 2025, it employed 286 people, substantially all of whom were full-time employees. One customer, a reseller of its products, accounted for more than 10% of its total revenue in both the year ended December 31, 2025 and the year ended December 31, 2024. It delivers its solutions through two sales models: a pure subscription model and a purchase subscription model, each of which requires both hardware and an active, connected software subscription. Evolv Express is designed to screen high volumes of people for concealed threats, while Evolv eXpedite is designed to screen high volumes of bags automatically, without requiring a trained X-Ray operator. The Company is a Delaware corporation formed in 2021. It has developed its technology portfolio since its founding in 2013.

Written from the business description in Evolv Technologies Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.

Growth
USD 145.9M
Revenue, FY2025 · full 6-year series below
Revenue $M Net income $M
FY2025 · Revenue 145.9 · Net income -33.1
50M100M-40M-80M202020212022202320242025
Compound annual growth
+40.4%
+98.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +98.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−23 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -33.2% · Net -22.7%
-200%-400%202020212022202320242025
ROE
FY2025 · ROE -28.0%
-20%-40%202020212022202320242025

Each USD of equity lost 28 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2021 · FCF -60.5
-25.0M-50.0M202020212022202320242025

Total assetsUSD 304.4M
EquityUSD 119.4M
CashUSD 49.1M
Gross debtUSD 28.6M
Net debtUSD -20.6M
Current ratio1.23×

The company holds more cash than debt.

The 6-year record
6 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020
Revenue $B0.10.10.10.10.00.0
Operating income $B−0.0−0.1−0.1−0.1−0.1−0.0
EBITDA $B−0.0−0.1−0.1−0.1−0.1−0.0
Income tax $B0.00.00.00.00.00.0
Net income $B−0.0−0.1−0.1−0.1−0.0−0.0
Free cash flow $B····−0.1−0.0
EPS, diluted $−0.20−0.34−0.72−0.60−0.15−3.07
Dividend / sh $······
Payout %······
ROE %−28.0−41.3−58.3−33.6−10.6·
Shares out B0.180.160.150.150.140.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 31 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 64 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityComputer Peripheral Equipment, NEC
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2019

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