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Evolv Technologies Holdings, Inc. develops, manufactures, markets, and sells security screening products and specific services in the United States and internationally. It offers Evolv Express, that is designed to detect firearms, improvised explosive devices, and large tactical knives in unstructured people flows; Evolv eXpedite, an autonomous AI-based weapon detection system for bags being brought to venues by visitors in high clutter environments; and Evolv Insights Analytics Application which provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance and alarm statistics, and comparisons across multiple business dimensions. The company serves various industries comprising education, healthcare, professional sports, notable performing arts and entertainment venues, major tourist destinations and cultural attractions, government and corporate offices, hospitality facilities, distribution facilities, large industrial workplaces, and houses of worship. Evolv Technologies Holdings, Inc. was founded in 2013 and is headquartered in Waltham, Massachusetts.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $146M | $-7M | $-33M | $-18M | -27.7% | 40.5% | -38.7% |
| 2024 | $104M | $-37M | $-54M | $-68M | -45.9% | 30.5% | -50.0% |
| 2023 | $80M | $-98M | $-108M | $-82M | -75.0% | 50.9% | 24.5% |
| 2022 | $53M | $-81M | $-87M | $-99M | -38.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 145.90 |
| Operating Revenue | 145.90 |
| Cost Of Revenue | 70.60 |
| Gross Profit | 75.30 |
| Operating Expense | 121.10 |
| Research And Development | 20.62 |
| Selling General And Administration | 100.48 |
| Total Expenses | 191.71 |
| Operating Income | -45.80 |
| Total Operating Income As Reported | -48.46 |
| EBITDA | -7 |
| Normalized EBITDA | -19.83 |
| EBIT | -31.34 |
| Interest Income | 1.54 |
| Interest Expense | 1.73 |
| Net Interest Income | -0.20 |
| Other Non Operating Income Expenses | 0.10 |
| Other Income Expense | 12.92 |
| Interest Income Non Operating | 1.54 |
| Interest Expense Non Operating | 1.73 |
| Net Non Operating Interest Income Expense | -0.20 |
| Pretax Income | -33.08 |
| Tax Provision | 0.06 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0 |
| Net Income Continuous Operations | -33.14 |
| Net Income From Continuing And Discontinued Operation | -33.14 |
| Net Income From Continuing Operation Net Minority Interest | -33.14 |
| Net Income | -33.14 |
| Net Income Common Stockholders | -33.14 |
| Net Income Including Noncontrolling Interests | -33.14 |
| Normalized Income | -45.96 |
| Diluted NI Availto Com Stockholders | -33.14 |
| Basic Average Shares | - |
| Diluted Average Shares | - |
| Reconciled Depreciation | 24.34 |
| Reconciled Cost Of Revenue | 70.60 |
| Total Unusual Items | 12.82 |
| Total Unusual Items Excluding Goodwill | 12.82 |
| Special Income Charges | 12.39 |
| Other Special Charges | - |
| Impairment Of Capital Assets | 0 |
| Restructuring And Mergern Acquisition | -12.39 |
| Gain On Sale Of Security | 0.44 |
| General And Administrative Expense | 54.86 |
| Other Gand A | 54.86 |
| Salaries And Wages | - |
| Gain On Sale Of Ppe | - |
| Insurance And Claims | - |
| Selling And Marketing Expense | 45.63 |
| Other Taxes | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Evolv Technologies Holdings, Inc.this co. | EVLV | $1.1B | -34.30 | 9.52 | -27.7% | -161.32 |
| Graham Corporation | GHM | $1.2B | 97.74 | 10.00 | 10.2% | 55.89 |
| Lindsay Corporation | LNN | $1.2B | 16.11 | 2.24 | 13.9% | 9.19 |
| Astec Industries, Inc. | ASTE | $1.2B | 30.56 | 1.74 | 5.7% | 13.55 |
| Global Industrial Company | GIC |
| 2021 | - | - | - | - | - | - | - |
| $1.2B |
| 16.22 |
| 3.73 |
| 23.0% |
| 11.44 |
| BrightView Holdings, Inc. | BV | $1.1B | 88.98 | 0.63 | 0.7% | 6.45 |
| Gibraltar Industries, Inc. | ROCK | $1.1B | -25.59 | 1.20 | -4.7% | 7.06 |
| Eve Holding, Inc. | EVEX | $1.1B | -4.89 | 8.87 | -181.2% | -5.53 |
| Covenant Logistics Group, Inc. | CVLG | $1.1B | 150.28 | 2.69 | 1.8% | 12.88 |
| Peer Median | - | 23.39 | 2.47 | 3.7% | 10.32 | |