Sunday 11 October 2026
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Evolv Technologies Holdings, Inc.
EVLV Industrials Security & Protection Services
Evolv Technologies Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $145.9 million, up 40.5% from fiscal 2024. In the quarter to June 2026, revenue grew 34.4%, EPS grew 80.0% and free cash flow grew 203.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
4.53
0.05
−1.09%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | 9.43 | 4.28 | 1.57 | 2.29 | 2.01 | 2.64 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | 10.19 | 12.90 | 4.88 | 8.30 | 5.73 | 8.91 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 3 | 102 | 225 | 293 | 287 | 286 | ||||
| Revenue/emp, $m | — | — | — | — | 1.60 | 0.23 | 0.23 | 0.27 | 0.36 | 0.51 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 5 | 23 | 53 | 80 | 104 | 146 | ||||
| Gross margin, % | — | — | — | — | 26.94 | 17.22 | 2.66 | 40.10 | 57.25 | 51.61 | |||||
| EBT | — | — | — | — | (27) | (11) | (87) | (108) | (54) | (33) | |||||
| EBT margin, % | — | — | — | — | (572.46) | (46.54) | (164.64) | (135.73) | (52.01) | (22.67) | |||||
| Net income | — | 0 | — | 0 | (27) | (11) | (87) | (108) | (54) | (33) | |||||
| Depreciation | — | — | — | — | 1 | 3 | 5 | 10 | 17 | 24 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.54 | 0.33 | 0.37 | 0.53 | 0.66 | 0.87 | ||||
| Earnings | — | — | — | — | (3.07) | (0.15) | (0.60) | (0.71) | (0.34) | (0.20) | |||||
| Cash flow | — | — | — | — | (2.60) | (0.79) | (0.52) | (0.07) | (0.20) | 0.11 | |||||
| Capex | — | — | — | — | (0.74) | (0.25) | (0.17) | (0.49) | (0.24) | (0.22) | |||||
| Free cash flow | — | — | — | — | (3.34) | (1.04) | (0.69) | (0.55) | (0.44) | (0.11) | |||||
| Book value | — | — | — | — | (0.99) | 4.05 | 1.58 | 0.97 | 0.75 | 0.71 | |||||
| Shares, m | — | — | — | — | 9 | 72 | 144 | 149 | 157 | 168 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | 0.00 | 13.66 | 6.74 | 8.96 | 5.95 | 8.26 | |||||
| P/B | — | — | — | — | 0.00 | 1.10 | 1.57 | 4.95 | 5.26 | 10.10 | |||||
| EV/Sales | — | — | — | — | 0.00 | 0.93 | 2.94 | 7.60 | 5.55 | 8.06 | |||||
| EV/FCF | — | — | — | — | 0.00 | (0.30) | (1.57) | (7.35) | (8.46) | (64.14) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (23) | (57) | (75) | (10) | (31) | 19 | ||||
| Capex | — | — | — | — | (7) | (18) | (24) | (72) | (37) | (37) | |||||
| Free cash flow | — | — | — | — | (30) | (74) | (99) | (82) | (68) | (18) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (2) | 307 | 233 | 92 | 25 | 28 | ||||
| Total debt | — | — | — | — | 17 | 10 | 30 | — | — | 29 | |||||
| Net debt | — | — | — | — | 12 | (298) | (200) | (119) | (52) | (40) | |||||
| Shareholders’ equity | — | — | — | — | (9) | 290 | 227 | 144 | 118 | 119 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | 0.00 | (256.54) | (5.67) | (24.42) | (33.49) | (19.11) | (11.58) | ||||
| ROIC | — | — | — | — | (512.81) | 0.00 | (239.33) | (221.47) | (78.29) | (38.35) | |||||
| ROE | — | — | — | — | (26.57) | (10.59) | (33.56) | (58.23) | (41.27) | (27.96) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Evolv Technologies Holdings, Inc. vs peers in Security & Protection Services (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BCO Brink's Company (The) | $4.2B | 23.9× | 12.4× | +7.06% (above 0%: growing) | +3.88% (above 0%: growing) | −97.49% (below 0%: shrinking) | 26.29% | 9.57% | Compare |
| GEO Geo Group Inc (The) | $4.1B | 14.5× | 20.6× | +15.08% (above 0%: growing) | +71.43% (above 0%: growing) | +2,422.02% (above 0%: growing) | 27.51% | 13.89% | Compare |
| BRC Brady Corporation | $4.0B | 19.6× | 16.5× | +9.98% (above 0%: growing) | −7.62% (below 0%: shrinking) | +22.90% (above 0%: growing) | 52.90% | 13.76% | Compare |
| CXW CoreCivic, Inc. | $3.2B | 25.9× | 14.7× | +27.27% (above 0%: growing) | +8.57% (above 0%: growing) | +55.25% (above 0%: growing) | 21.74% | 10.07% | Compare |
| NSSC NAPCO Security Technologies, Inc. | $1.3B | 29.9× | 21.5× | +10.02% (above 0%: growing) | +51.52% (above 0%: growing) | +19.89% (above 0%: growing) | 61.31% | 33.02% | Compare |
| EVLV Evolv Technologies Holdings, Inc. | $829.6M | — (loss-making) | — (loss-making) | +34.44% (above 0%: growing) | n/m | +203.88% (above 0%: growing) | 50.17% | (24.11%) | |
| MG Mistras Group Inc | $659.5M | 24.2× | 17.0× | +4.17% (above 0%: growing) | +140.00% (above 0%: growing) | +156.37% (above 0%: growing) | 29.23% | 6.70% | Compare |
| CIX CompX International Inc. | $487.1M | 21.9× | 12.8× | +8.05% (above 0%: growing) | +34.09% (above 0%: growing) | +79.73% (above 0%: growing) | 35.62% | 20.45% | Compare |
| NL NLI Holdings, Inc. | $340.8M | — (loss-making) | 9.8× | +8.05% (above 0%: growing) | +1,700.00% (above 0%: growing) | +65.68% (above 0%: growing) | 35.62% | 14.06% | Compare |
| Median of peers | $2.2B | 23.9× | 15.6× | +9.02% | +42.81% | +60.47% | 32.43% | 13.82% |
Evolv Technologies Holdings, Inc. (EVLV) key facts
- Strength: Evolv Technologies Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $145.9 million, up 40.5% from fiscal 2024.
- Evolv Technologies Holdings, Inc. (EVLV) is a Security & Protection Services company in the Industrials sector, listed on Nasdaq.
- As of October 9, 2026, EVLV traded at $4.53, a market capitalization of $829.6 million.
- Return on equity was −28.0% and debt-to-equity 0.24.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 2.19 (grey zone) for fiscal 2025.