Q1 25 EPS
$-0.02
BEAT +60.00%
Est. $-0.05
Q1 25 Revenue
$32.0M
BEAT +14.37%
Est. $28.0M
vs S&P Since Q1 25
-29.5%
TRAILING MARKET
EVLV -3.7% vs S&P +25.8%
Market Reaction
Did EVLV Beat Earnings? Q1 2025 Results
Evolv Technologies delivered a sharply stronger-than-expected first quarter in 2025, posting revenue of $32.01 million, a 44.3% year-over-year increase that cleared the $27.99 million consensus estimate by 14.37%, while its loss per share of $0.02 ca… Read more Evolv Technologies delivered a sharply stronger-than-expected first quarter in 2025, posting revenue of $32.01 million, a 44.3% year-over-year increase that cleared the $27.99 million consensus estimate by 14.37%, while its loss per share of $0.02 came in well ahead of the $0.05 loss analysts had anticipated, a 60% beat. The most material driver behind the quarter's momentum was a dramatic narrowing in losses, with net loss shrinking to $1.69 million from $11.27 million a year ago and Adjusted EBITDA flipping to positive $1.74 million from negative $10.37 million, reflecting both gross margin expansion to 59.8% from 54.8% and a meaningful pullback in adjusted operating expenses to $23.18 million from $27.29 million. Recurring revenue rose 36% year-over-year to $25.75 million, and Annual Recurring Revenue reached $105.99 million at quarter-end. New CEO John Kedzierski framed the results as early evidence of improved operational execution. Looking ahead, Evolv guided full-year 2025 revenues to $125 million to $130 million, representing 20% to 25% growth, with positive Adjusted EBITDA and positive free cash flow expected in the fourth quarter.
Key Takeaways
- • 44% year-over-year revenue growth driven by subscription and recurring revenue expansion
- • Recurring revenue grew 36% YoY to $25.8 million
- • Non-recurring revenue nearly doubled with 94% YoY growth
- • ARR reached $106.0 million, up 34% year-over-year
- • Gross margin improved to 59.8% from 54.8% in Q1 2024
- • Adjusted operating expenses declined to $23.2 million from $27.3 million in Q1 2024
- • Surpassed 6,600 total subscriptions
EVLV YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
EVLV Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am pleased with our solid first quarter results and the foundation we're building for continued growth and operational excellence.”
— John Kedzierski, Q1 2025 Earnings Press Release
EVLV Earnings Trends
EVLV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
EVLV EPS Trend
Earnings per share: estimate vs actual
EVLV Revenue Trend
Quarterly revenue: estimate vs actual
EVLV Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.02 | $-0.02 | +0.00% | $46.3M | +6.00% |
| Q4 25 MISS FY | $-0.02 | $-0.03 | -28.76% | $38.5M | +5.65% |
| FY Full Year | — | $-0.10 | — | $145.9M | — |
| Q3 25 BEAT | $-0.03 | $-0.02 | +39.94% | $42.9M | +27.22% |
| Q2 25 BEAT | $-0.04 | $-0.02 | +42.86% | $32.5M | +5.17% |
| Q1 25 BEAT | $-0.05 | $-0.02 | +60.00% | $32.0M | +14.37% |