EV

Evolv Technologies Holdings Inc. Class A Common Stock Earnings Recaps

EVLV Industrials 3 recaps
Next earnings: November 12, 2026 (estimated) · full calendar
Q2 2026 Aug 13, 2026

Evolve Technology’s shares declined 2.4% following the Q2 report, reflecting investor caution despite solid revenue growth, as confidence appears tempered by cautious management commentary and only modest margin expansion.

Key takeaways
  • Revenue grew 34% year-over-year, fueled by strong new customer acquisitions and ongoing expansion within existing accounts.
  • Annual recurring revenue (ARR) increased 20% year-over-year, driven by a growing deployed unit base.
  • Adjusted EBITDA margin improved to 10.1%, up from 6.5% a year ago, with total adjusted EBITDA in the first half of 2026 doubling versus the prior year period.
  • Added 70 new customers in the quarter, the highest quarterly total in two years, signaling ongoing sales momentum.
  • Despite these operational positives, the sub-3% stock decline suggests investors remain cautious, likely due to lack of explicit upside in guidance or concerns about variability in growth and margin trajectory beyond current gains.
Full recap
Q1 2026 May 15, 2026

Evolv Technology’s shares fell 17.7% after the company’s Q1 report disappointed investors with a cautious outlook and decelerating subscription growth that undercut confidence in its path to sustained profitability.

Key takeaways
  • Revenue grew 45% year-over-year to $46.3 million, boosted by new customers, unit deployments, and a one-time increase from direct subscription fulfillment.
  • Annual recurring revenue (ARR) rose 20% to $127.3 million, reflecting slower subscription scaling relative to total revenue growth.
  • Adjusted EBITDA margin improved modestly to 8.5%, up from 6.4% in the prior year, but margin expansion remains limited amid ongoing investments.
  • Remaining performance obligation increased 18% to $299 million, yet this failed to reassure investors amid cautious management commentary on future growth.
  • The company highlighted geopolitical security challenges as a backdrop but offered only restrained guidance ahead of its June Investor Day, leaving investors uncertain on near-term momentum.
Full recap
Q3 2025 Nov 15, 2025

Evolv Technology reported strong Q3 results, with revenue reaching $42.9 million—up 57% year-over-year—driven by new customer acquisitions and strategic shifts in its distribution model.

Key takeaways
  • Annual recurring revenue (ARR) grew to $117.2 million, reflecting a 25% year-over-year increase, with expectations for accelerated ARR growth in 2026.
  • Q3 marked the strongest booked-to-deployed unit ratio in company history, showcasing improved operational visibility.
  • Over 60 new customers were welcomed in Q3, with the year-end estimate for active subscriptions raised to between 8,000 and 8,100.
  • Positive adjusted EBITDA was reported for the fourth consecutive quarter, with margins at 12%.
Full recap

Go deeper on EVLV and the wider market.

All earnings recaps Browse the latest results across the market. Stock directory Browse companies by sector and market. Highest-yield stocks A curated screen of top dividend payers. Investing glossary Plain-English definitions for every metric.