Evolv Technologies (NASDAQ:EVLV) Issues Earnings Results

Evolv Technologies (NASDAQ:EVLV) released its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.02), FiscalAI reports. Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%. The business had revenue of $47.35 million for the quarter, compared to the consensus estimate of $45.61 million.

Here are the key takeaways from Evolv Technologies’ conference call:

• Positive Sentiment: Third-quarter revenue reached a record $47.3 million, up 10% year over year, while ARR grew 20% to $140.5 million and recurring revenue accounted for approximately 69% of revenue. Net revenue retention was 108%, and RPO rose 12% year over year to $325.8 million.
• Positive Sentiment: Evolv narrowed its 2026 revenue outlook to $182 million–$185 million, representing 25%–27% growth, and reaffirmed expected year-end ARR of $148 million–$150 million. Management expects full-year adjusted EBITDA margin in the high single digits.
• Neutral Sentiment: Management expects 2027 revenue growth of at least 20%, while noting prior pricing changes will create a 3–4 percentage-point headwind as more contract value shifts from upfront product revenue to recurring revenue. It expects growth to build through the year and ARR growth to outpace revenue growth.
• Neutral Sentiment: Adjusted EBITDA was $4.7 million, down from $5.1 million a year earlier, and margin declined to 10% from 12% as Evolv invested in sales, marketing, R&D, and internal systems. The company also reported $3.2 million of free cash flow and said growth investments will be funded through operating gross profit and its balance sheet.
• Positive Sentiment: Evolv cited continued customer demand across education, healthcare, venues, and workplaces, along with growing adoption of its eXpedite bag-screening product. Management is expanding sales capacity and developing product upgrades it believes can improve detection and reduce alerts, though the benefits of new seller investments are expected to build over time.

Evolv Technologies Stock Up 2.1%

Shares of NASDAQ EVLV traded up $0.10 during mid-day trading on Wednesday, reaching $4.54. 808,769 shares of the company were exchanged, compared to its average volume of 2,550,307. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The stock has a market cap of $821.42 million, a price-to-earnings ratio of -151.10 and a beta of 1.83. Evolv Technologies has a 1 year low of $4.02 and a 1 year high of $7.48. The firm has a 50-day moving average of $4.70 and a 200 day moving average of $5.58.

Evolv Technologies News Summary

Here’s some of the latest news about EVLV:

• Positive Sentiment: Q3 revenue rose 10.5% year over year to $47.3 million, topping the roughly $45.6 million analyst estimate. The company also generated $18.0 million in operating cash flow and ended the quarter with $61.9 million in cash. Evolv Q3 earnings results
• Neutral Sentiment: Evolv’s updated 2026 revenue outlook is $182 million to $185 million, broadly in line with the $182.4 million FactSet estimate. 2026 revenue outlook
• Negative Sentiment: Despite the revenue beat, the reported quarterly loss was $0.09 per share, worse than the $0.06 loss expected by Zacks and the $0.01 loss a year earlier. Operating and net losses also remained substantial, highlighting ongoing profitability challenges. Q3 loss and revenue results

Insider Buying and Selling

In other news, Director Richard Shapiro bought 19,100 shares of Evolv Technologies stock in a transaction on Friday, September 4th. The stock was acquired at an average cost of $4.96 per share, for a total transaction of $94,736.00. Following the completion of the acquisition, the director owned 39,000 shares of the company’s stock, valued at $193,440. This trade represents a 95.98% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on EVLV shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research report on Tuesday, September 29th. LADENBURG THALM/SH SH started coverage on shares of Evolv Technologies in a research note on Tuesday, September 8th. They issued a “buy” rating and a $8.00 target price on the stock. Wall Street Zen upgraded shares of Evolv Technologies from a “sell” rating to a “hold” rating in a report on Sunday, August 30th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $11.25 price target on shares of Evolv Technologies in a research note on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Evolv Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.81.

Evolv Technologies Company Profile

Evolv Technologies develops security screening systems designed to detect weapons and other threats in public spaces. Its products combine sensors and artificial intelligence to screen people without requiring the same stop-and-check process used by traditional metal detectors. The company’s offerings include Evolv Express, a screening system for people entering venues, and Evolv eXpedite, which is designed to screen bags and other belongings. Evolv also provides software and analytics tools to help customers manage screening operations.