Evolv Technologies Holdings, Inc. (EVLV) Stock

Evolv Technologies Holdings, Inc. (EVLV) is a Technology stock trading at $5.50 (as of 2026-08-20), with a market capitalization of $996.19M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Evolv Technologies Holdings, Inc. develops AI-enabled touchless security screening systems. Its offerings include Evolv Express for detecting threats as people move through screening, Evolv Insights for analyzing visitor flow and detection performance, and Evolv Edge for identifying certain weapons and explosives without requiring patrons to remove items. The company serves security screening operations.

Understand Evolv Technologies Holdings, Inc.: how it makes money

Evolv Technologies builds AI-based touchless security screening systems, selling security screening hardware plus software capabilities (like detection and visitor-flow analytics) through subscriptions and related product and services revenue tied to deployed systems.

The profit model is driven by converting contracted, often multi-year subscription demand into installed deployments that produce recurring subscription revenue and recognized performance obligations (measured by Annual Recurring Revenue Ending and Remaining Performance Obligations Ending).

Revenue by segment (latest quarter)
Sub$0.0B
Pre-Install$0.0B
Product$0.0B
Services$0.0B
Other$0.0B

Business quality (Weak): Clear operating indicators exist for subscription performance (ARR, remaining obligations, retention). The latest quarter shows profitability pressure (negative operating margin), despite a positive gross margin.

Bull case

  • Subscription economics appear resilient, with Net Revenue Retention of 92% and Net Unit Retention of 94%: Higher retention can support subscription revenue durability as systems remain in use.
  • Backlog remains meaningful relative to current ARR, with Remaining Performance Obligations Ending of 0.3 USD_B: This suggests contracted future revenue tied to performance obligations.

Bear case

  • Latest-quarter operating margin is negative at -18.3%: Even with a 50.9% gross margin, operating costs are not yet fully covered at the current revenue scale.
  • Revenue mix includes Contracted Revenue Associated with Units Not Yet Installed (0.01 USD_B): Progress on installs can be important for timing of recognized revenue, which can create quarter to quarter volatility.
Valuation — source: SEC EDGAR (first-party)
Price$5.50
Market Cap$996.19M
Price / Book8.38
Price / Sales5.56
DCF Value (model)$1.45
DCF Upside vs Price-73.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$145.91M
Net Margin-22.7%
Revenue Growth (YoY)40.5%
EPS Growth (YoY)-41.2%
Financial Health — source: SEC EDGAR
Altman Z-Score1.48 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Computers)32.1
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($98.70M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryComputers
CEOJohn Kedzierski
Employees287
CountryUS
IPO Date2020-09-22

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EVLV earnings history · EVLV institutional & insider holders · EVLV KPIs & operating metrics · EVLV financials · EVLV investor presentations & press releases · EVLV SEC filings · EVLV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.