Companies /Industrials

Evolv Technologies Holdings Inc - Class A

NASDAQ: EVLV Security & Protection Services
$5.32
â–² $0.12 (+2.21%) today
Markets closed · 4:19pm ET

Q2 2026 Earnings

Reported Aug 11, 2026, 4:08pm ET · SEC source
$-0.02
Beat +0.00%
EPS · est. $-0.02 Adjusted
$43.8M
Beat +4.65%
Revenue · est. $41.8M
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0Aug 11Aug 12report 4:08pm ETearnings+0.3%−8.1%
−8%−4%0Aug 11Aug 12earnings+0.3%−8.1%
EVLV −8.1%S&P 500 +0.3%
−8%−4%0Aug 11Aug 12report 4:08pm ETearnings+0.8%−8.1%
−8%−4%0Aug 11Aug 12earnings+0.8%−8.1%
EVLV −8.1%NASDAQ +0.8%
−8%−4%0Aug 10Aug 19report 4:08pm ETearnings−0.2%−5.8%
−8%−4%0Aug 10Aug 19earnings−0.2%−5.8%
EVLV −5.8%S&P 500 −0.2%
−8%−4%0Aug 10Aug 19report 4:08pm ETearnings−0.2%−5.8%
−8%−4%0Aug 10Aug 19earnings−0.2%−5.8%
EVLV −5.8%NASDAQ −0.2%
−5.14%
Day of report
+0.70%
Next session
−1.40%
One week

Did EVLV Beat Earnings? Q2 2026 Results

Evolv Technologies Holdings posted a strong second quarter for fiscal 2026, matching the adjusted loss-per-share consensus of $0.02 while delivering revenue of $43.75 million, a 34.4% year-over-year gain that topped the $41.81 million analyst estimate by 4.65%. The primary engine behind that growth was accelerating adoption of Evolv's purchase subscription model, which front-loads hardware revenue recognition and helped lift product revenue to $9.11 million from $2.53 million a year ago; the company now expects roughly 60% of new unit deployments in 2026 to follow that structure, up from a prior 55% expectation. Annual Recurring Revenue climbed 20% year-over-year to $132.70 million, and the adjusted EBITDA margin expanded to 10.1% from 6.5%, reflecting meaningful operating leverage as non-recurring legal costs faded. Institutional interest has been building alongside the operational momentum. Encouraged by the quarter's results, management raised its full-year 2026 revenue guidance to $180 to $185 million and set adjusted EBITDA guidance at $15 to $16 million, pointing toward a durable long-term growth trajectory.

Key Takeaways
  • Addition of 70 new customers in Q2 2026
  • Accelerating adoption of Evolv eXpedite
  • Strengthening customer renewal trends
  • Shift toward purchase subscription model increasing early-year revenue recognition
  • Recurring revenue of $32.1 million representing 73% of total revenue

“Our strong second quarter results were highlighted by the addition of 70 new customers, accelerating adoption of Evolv eXpedite, and further strengthening of our renewal trends.”

Evolv Technologies CEO, on the earnings call

Forward Guidance & Outlook

Evolv raised its full-year 2026 guidance: total revenue expected between $180–$185 million (up from $175–$180 million), reflecting 23%–27% year-over-year growth. Ending ARR at December 31, 2026 expected to increase to approximately $148–$150 million (23%–25% growth). Adjusted EBITDA expected between $15–$16 million with high single-digit margins. Approximately 60% of new unit deployments in 2026 expected under the purchase subscription model (up from prior 55% expectation). Long-term framework targets approximately 25% revenue CAGR through 2031 with annual Adjusted EBITDA margin expansion toward Rule of 50 performance.

EVLV YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$20.0M$40.0M$32.5M$43.8MRevenue$16.2M$22.0MGross Profit$-7,553,694$-10,551,000Operating Income$-5,251,327$-9,298,000Net Income
$0$20.0M$40.0MRevenueGross ProfitOperating IncomeNet Income

EVLV Revenue by Segment

Subscription Revenue$24.8M+22.7%
Product Revenue$9.1M+260.3%
Service Revenue$9.0M+34.0%
License Fee and Other Revenue$898,000−71.3%

Figures from SEC filings and company reports. Not investment advice.