For Q1 FY2026 ended March 31, 2026, Evolv Technologies reported revenue of $46.3 million, up 44.7% year-over-year. Net loss was $5.0 million, compared to a net loss of $1.7 million in the prior year period. Operating loss improved to $8.5 million from $14.4 million a year ago. Cash and equivalents stood at $56.1 million, with total equity of $120.7 million and long-term debt of $28.7 million.
•Revenue grew 44.7% YoY to $46.3 million.
•Net loss widened to $5.0 million from $1.7 million YoY.
•Operating loss narrowed 41.1% to $8.5 million.
•Cash balance of $56.1 million with $28.7 million in long-term debt.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Evolv Technologies develops, manufactures, markets, and sells security screening products and specific services in the United States and globally. It offers Evolv Express, that is designed to detect firearms, improvised explosive devices, and large tactical knives in unstructured people flows.
Its portfolio also includes 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. Founded in 2013, Evolv Technologies is headquartered in Waltham, Massachusetts.
Evolv Technologies Holdings, Inc. develops, manufactures, markets, and sells security screening products and related services primarily in the United States and globally. Its flagship product is Evolv Express, a system designed to detect firearms, improvised explosive devices, and large tactical knives in unstructured people flows, allowing for high-throughput screening without requiring visitors to stop or empty pockets. The company also offers Evolv eXpedite, an autonomous AI-based weapon detection system for bags in high-clutter environments, and Evolv Insights Analytics Application, which provides self-serve access to visitor flow data, arrival curves, location-specific performance, detection statistics, and comparisons across multiple business dimensions. These solutions serve venues such as schools, healthcare facilities, sports stadiums, entertainment venues, tourist destinations, government offices, corporate buildings, and houses of worship.
On which stock exchange is Evolv Technologies traded and what is its currency?
Evolv Technologies Holdings, Inc. is listed on the Nasdaq Capital Market (NasdaqCM) under the ticker symbol EVLV. The company's financial reporting and stock trading are denominated in US Dollars (USD). As a US-based company, its shares are traded in USD, and all financial figures reported by the company are in US Dollars. The NasdaqCM is a US stock exchange that lists smaller-capitalization companies, providing Evolv with access to public capital markets while maintaining compliance with SEC reporting requirements.
What sector and industry does Evolv Technologies operate in?
Evolv Technologies Holdings, Inc. operates in the Industrials sector, specifically within the Security & Protection Services industry. This classification reflects the company's focus on developing advanced security screening technologies that help protect public venues and facilities from potential threats. As a security and protection services company, Evolv addresses the growing need for efficient, non-intrusive screening solutions in environments where large numbers of people gather. Its products are designed to enhance safety while minimizing disruption to visitor flow, making it a key player in the physical security market. The Industrials sector encompasses a wide range of businesses involved in manufacturing, infrastructure, and services, with Evolv's niche being the application of AI and sensor technology for threat detection.
Where is Evolv Technologies headquartered and what markets does it serve?
Evolv Technologies Holdings, Inc. is headquartered in Waltham, Massachusetts, United States. The company serves both domestic and global markets, with its security screening products deployed across the United States and internationally. Its solutions are used in a diverse range of industries including education (schools and universities), healthcare (hospitals and clinics), professional sports venues, performing arts and entertainment venues, major tourist destinations and cultural attractions, government and corporate offices, hospitality facilities, distribution centers, large industrial workplaces, and houses of worship. This broad market reach reflects the versatility of its AI-based detection systems, which are designed to adapt to various environments and threat profiles while maintaining high throughput and user convenience.
How does Evolv Technologies make money?
Evolv Technologies generates revenue primarily through the sale and lease of its security screening systems, such as the Evolv Express and Evolv eXpedite, as well as through recurring service contracts and software subscriptions. The company's business model combines hardware sales with ongoing service agreements that include maintenance, support, and access to the Evolv Insights Analytics Application. This analytics platform provides customers with valuable data on visitor flow, system performance, and detection statistics, creating an additional recurring revenue stream. By offering both physical detection systems and data-driven insights, Evolv addresses the full spectrum of security needs for venues, from threat detection to operational analytics. The company's focus on AI and automation allows it to differentiate its offerings in the competitive security screening market, targeting high-traffic environments where traditional metal detectors are impractical.