# Evolv Technologies Holdings, Inc. (EVLV)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $984M  
**Price:** $5.84 (-3.47%)

> Evolv Technologies Holdings, Inc. is a leading security technology company that develops and provides AI-based weapons detection solutions for security screening in the United States and internationally. Its primary products include the Evolv Express, a touchless system designed to detect firearms, improvised explosive devices, and tactical knives in unstructured people flows; Evolv eXpedite, an autonomous AI-based system for detecting concealed weapons in bags; and Evolv Edge for structured single-file screening. The company also offers Evolv Insights, an analytics application providing self-serve access to visitor flow data, performance metrics, and alarm statistics, along with SaaS cloud services and advanced sensors. Evolv's Safer Experience System integrates intelligent hardware, cloud-based analytics, and open APIs for seamless compatibility with existing security ecosystems. It serves diverse sectors such as education, healthcare, professional sports and entertainment venues, corporate offices, K-12 schools, stadiums, arenas, large industrial workplaces, houses of worship, and public spaces. Founded in 2013 and headquartered in Waltham, Massachusetts, Evolv Technologies Holdings, Inc. focuses on transforming physical security to create safer, faster experiences in high-traffic environments.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $146M | $75M | -$48M | -$33M | $-0.20 |
| 2024 | $104M | $59M | -$82M | -$54M | $-0.34 |
| 2023 | $80M | $32M | -$90M | -$108M | $-0.72 |
| 2022 | $53M | $1M | -$103M | -$87M | $-0.60 |
| 2021 | $23M | $4M | -$55M | -$11M | $-0.15 |
| 2020 | $5M | $1M | -$1M | -$12M | $-3.07 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $304M | $185M | $119M | $49M | $29M |
| 2024 | $268M | $150M | $118M | $37M | — |
| 2023 | $297M | $153M | $144M | $67M | — |
| 2022 | $344M | $118M | $227M | $230M | $30M |
| 2021 | $363M | $73M | $290M | $307M | $10M |
| 2020 | $22M | $31M | -$85M | $5M | $16M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $19M | — | — |
| 2024 | -$31M | — | — |
| 2023 | -$10M | — | — |
| 2022 | -$75M | — | — |
| 2021 | -$57M | $4M | -$60M |
| 2020 | -$454,000 | $7M | -$7M |

Source: [CompaniesByCap](https://companiesbycap.com/company/EVLV)