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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.

Revenue
+34.4%
EPS
+80.0%
Free cash flow
+203.9%

Quarter to June 2026, against a year earlier

4.69 0.16 −3.30%
Market cap
$878.5M
P/E
0.0×
Fwd P/E
−23.2×
Dividend yield
—
F-score
4/9
Altman Z
2.19
Beneish M
−3.16
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.30
Sold, $m 5.69
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 2 1 — —
Sell 1 2 1 1 1 2 2 1 1 — — —
Insider Ownership 6.25%

Capital & Financial Ratios $m

Size
Market Cap 878.46
Revenue ttm 171.44
Net income ttm (5.22)
Free cash flow ttm (5.54)
Net debt Q (34.63)
Valuation
P/E 0.00
Forward P/E (23.20) (negative: loss-making)
Price / sales 4.93
Forward P/S Powerpack
Price / FCF 0.00
Price / book 7.11 (above 6: high)
Financial health
Current ratio Q 1.18
Debt / equity Q 0.24 (at or below 0.5: strong)
Interest coverage Q (10.93)
Growth
Revenue growth Q +34.44% (above 0%: growing)
Operating income growth Q +39.68% (above 0%: growing)
EPS, this year +23.33% (at or above 15%: strong)
EPS, next year A +52.17% (at or above 15%: strong)
Revenue, next year A +25.01% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +24.24% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.8×, against a ten-year median of 6.2×; over the ten years it ranged from −2.9× in 2022 to 19.6× in 2021.
P/S against its own 10 years 8.43%
10-year low 10-year high
P/B against its own 10 years 63.56%
10-year low 10-year high
EV/Sales against its own 10 years 25.39%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 119 52 69 63
Receivables 22 28 31 40
Inventory 10 17 9 9
Other 6 6 7 8
173 121 151 149
2023 2024 2025 Q'26
Payables 17 10 10 12
ST’ Debt — — — —
Other — — — —
81 97 123 127

Compound Annual Growth %

10y 5y 3y
Sales — 98.08% 40.40%
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% (19.27%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.06 Actual −0.05

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.07 −0.01 Beat by 0.06
Q4 FY25 −0.08 0.06 Beat by 0.14
Q1 FY26 −0.06 −0.03 Beat by 0.03
Q2 FY26 −0.06 −0.05 Beat by 0.01
Q3 FY26 −0.06 — Reports 10 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.03) (0.05) — — —
’25 (0.01) (0.25) (0.01) 0.06 (0.20)
’24 (0.08) 0.02 (0.19) (0.10) (0.34)
’23 (0.20) (0.45) 0.03 (0.11) (0.71)
’22 (0.10) (0.18) (0.13) (0.19) (0.60)
’21 (1.32) (1.93) 0.15 0.02 (0.15)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 46 44 — — —
’25 32 33 43 39 146
’24 22 25 27 29 104
’23 19 20 20 21 80
’22 9 9 17 18 53
’21 4 5 8 6 23
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 12 — — —
’25 (3) 2 4 16 19
’24 (16) (22) 4 3 (31)
’23 (3) (5) 2 (3) (10)
’22 (29) (23) (17) (5) (75)
’21 (12) (6) (24) (14) (57)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (8) 2 — — —
’25 (17) (2) (11) 12 (18)
’24 (38) (25) (1) (5) (68)
’23 (17) (26) (17) (22) (82)
’22 (37) (28) (23) (10) (99)
’21 (15) (12) (27) (21) (74)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — 5 23 53 80 104 146 171 +98.1% 182 219 274 +23.3%
Gross margin, % — — — — 26.94 17.22 2.66 40.10 57.25 51.61 49.86 +24.7 pt
EBT — — — — (27) (11) (87) (108) (54) (33) (5) +3.8%
EBT margin, % — — — — (572.46) (46.54) (164.64) (135.73) (52.01) (22.67) (3.07) +549.8 pt
Net income — 0 — 0 (27) (11) (87) (108) (54) (33) (5) n/m
Per share, $
Per share, $ Revenue — — — — 0.54 0.33 0.37 0.53 0.66 0.87 0.95 +10.1%
Earnings — — — — (3.07) (0.15) (0.60) (0.71) (0.34) (0.20) (0.03) (42.1%)
Cash flow — — — — (2.60) (0.79) (0.52) (0.07) (0.20) 0.11 0.15 n/m
Capex — — — — (0.74) (0.25) (0.17) (0.49) (0.24) (0.22) (0.19) (21.6%)
Free cash flow — — — — (3.34) (1.04) (0.69) (0.55) (0.44) (0.11) (0.03) (49.6%)
Book value — — — — (0.99) 4.05 1.58 0.97 0.75 0.71 0.66 n/m
Shares, m — — — — 9 72 144 149 157 168 175 +79.9%
Valuation, ×
Valuation, × P/E — — — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0
P/S — — — — 0.00 13.66 6.74 8.96 5.95 8.26 4.93 7.3
P/B — — — — 0.00 1.10 1.57 4.95 5.26 10.10 7.11 3.8
EV/Sales — — — — 0.00 0.93 2.94 7.60 5.55 8.06 4.78 4.2
EV/FCF — — — — 0.00 (0.30) (1.57) (7.35) (8.46) (64.14) (147.97) (13.6)
Cash, $m
Cash, $m Operating cash flow — — — — (23) (57) (75) (10) (31) 19 28 n/m
Capex — — — — (7) (18) (24) (72) (37) (37) (33) +41.1%
Free cash flow — — — — (30) (74) (99) (82) (68) (18) (6) (9.3%)
Balance, $m
Balance, $m Working capital — — — — (2) 307 233 92 25 28 23 n/m
Net debt — — — — 12 (298) (200) (119) (52) (40) (35) n/m
Shareholders’ equity — — — — (9) 290 227 144 118 119 119 n/m
Returns, %
Returns, % ROA — — — 0.00 (256.54) (5.67) (24.42) (33.49) (19.11) (11.58) (1.79) (11.6) pt
ROIC — — — — (512.81) 0.00 (239.33) (221.47) (78.29) (38.35) (26.42) +474.5 pt
ROE — — — — (26.57) (10.59) (33.56) (58.23) (41.27) (27.96) (4.94) (1.4) pt
People
People Employees — — — — 3 102 225 293 287 286 — +148.8%
Revenue/emp, $m — — — — 1.60 0.23 0.23 0.27 0.36 0.51 — (20.4%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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 23.7× 16.6× +7.06% (above 0%: growing) +3.88% (above 0%: growing) −97.49% (below 0%: shrinking) 26.29% 9.57% Compare
BRC Brady Corporation $3.9B 19.0× 13.7× +9.98% (above 0%: growing) −7.62% (below 0%: shrinking) +22.90% (above 0%: growing) 52.90% 13.76% Compare
GEO Geo Group Inc (The) $3.8B 13.3× 21.7× +15.08% (above 0%: growing) +71.43% (above 0%: growing) +2,422.02% (above 0%: growing) 27.51% 13.89% Compare
CXW CoreCivic, Inc. $3.1B 24.3× 2.0× +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. $1.4B 32.5× 24.1× +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. $878.5M — (loss-making) — (loss-making) +34.44% (above 0%: growing) n/m +203.88% (above 0%: growing) 50.17% (24.11%)
MG Mistras Group Inc $643.6M 23.5× 20.7× +4.17% (above 0%: growing) +140.00% (above 0%: growing) +156.37% (above 0%: growing) 29.23% 6.70% Compare
CIX CompX International Inc. $440.2M 20.1× 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. $341.8M — (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 $2.3B 23.5× 15.2× +9.02% +42.81% +60.47% 32.43% 13.82%

All 22 Security & Protection Services stocks →

Pay and ownership Proxy statement filed 30 April 2026

Ownership

Directors and executive officers, together 5.20%
The Vanguard Group 6.70%
BlackRock, Inc. 5.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Evolv Technologies Holdings, Inc. (EVLV) Latest News

29 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Business Wire

23 Oct

Impact 4 · · Business Wire

8 Oct

Impact 3 · · Insider Monkey

6 Oct

Impact 3 · · Business Wire

28 Sep

Impact 4 · · Business Wire

23 Sep

Impact 3 · · Business Wire

23 Aug

Impact 3 ·

18 Aug

Impact 4 · · The Motley Fool transcript

14 Aug

Impact 4 ·

12 Aug

Impact 4 · transcript

11 Aug

Impact 3 · · Moby transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·

7 Aug

Impact 3 ·

5 Aug

Impact 3 ·

1 Jul

Impact 3 ·

19 Jun

Impact 4 ·

18 Jun

Impact 4 ·

10 Jun

Impact 3 · · Business Wire

8 Jun

Impact 3 · · Simply Wall St.

4 Jun

Impact 3 · · Business Wire

29 May

Impact 4 · · MarketBeat

23 May

Impact 3 · · Simply Wall St.

13 May

Impact 4 · · The Motley Fool
Impact 4 · · GuruFocus.com
Impact 3 · · Moby transcript

12 May

Impact 4 · · MarketBeat
Impact 4 · · Business Wire
Impact 3 · · Zacks
stockrow.com/EVLV · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com