📊 EVLVW Key Takeaways
Is Evolv Technologies Holdings, Inc. (EVLVW) a Good Investment?
Evolv Technologies demonstrates strong revenue growth (40.5% YoY) and maintains positive free cash flow, indicating operational progress in its computer peripheral equipment business. However, significant operating losses (-33.2% margin) and negative profitability metrics reveal the company has not yet achieved sustainable profitability despite scale, warranting a cautious stance until profitability inflection becomes evident.
Evolv is showing credible top-line momentum with 40.5% revenue growth, solid 51.6% gross margin, and positive operating and free cash flow, which suggests improving business quality versus many loss-making growth companies. However, the company still has deeply negative operating and net margins, so the core question is whether revenue scale can translate into durable profitability before liquidity tightens. Fundamentally, this looks like a business with real commercial traction but incomplete earnings normalization.
Why Buy Evolv Technologies Holdings, Inc. Stock? EVLVW Key Strengths
- Strong revenue growth of 40.5% YoY indicating solid market demand
- Healthy gross margin of 51.6% showing product viability
- Positive free cash flow of $7.3M despite operating losses demonstrates cash generation capability
- Conservative balance sheet with debt-to-equity of 0.24x and $49.1M cash position
- Strong 40.5% year-over-year revenue growth indicates continued demand expansion
- Healthy 51.6% gross margin supports the potential for operating leverage over time
- Positive operating cash flow and free cash flow, combined with modest leverage, improve financial flexibility
EVLVW Stock Risks: Evolv Technologies Holdings, Inc. Investment Risks
- Deep operating losses (-$48.5M) and negative net margin (-22.7%) indicate unprofitable at scale
- Negative ROE (-27.7%) and ROA (-10.9%) show shareholder value destruction
- High operating expense base relative to gross profit suggests unit economics challenges despite revenue growth
- Company has not reached profitability despite significant revenue scale
- Operating margin of -33.2% shows the company remains far from sustainable profitability
- Current ratio of 1.23x suggests liquidity is adequate but not especially strong for a still-lossmaking business
- Net losses and negative returns on equity and assets indicate execution risk if growth slows or costs remain elevated
Key Metrics to Watch
- Operating margin trajectory - path to profitability
- Free cash flow sustainability as revenue continues scaling
- Gross margin maintenance under competitive pressure
- Operating expense ratio reduction relative to revenue
- Operating margin improvement
- Free cash flow consistency
Evolv Technologies Holdings, Inc. (EVLVW) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 5.0% FCF margin may limit capital allocation flexibility.
EVLVW Profit Margin, ROE & Profitability Analysis
EVLVW vs Technology Sector: How Evolv Technologies Holdings, Inc. Compares
How Evolv Technologies Holdings, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Evolv Technologies Holdings, Inc. Stock Overvalued? EVLVW Valuation Analysis 2026
Based on fundamental analysis, Evolv Technologies Holdings, Inc. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Evolv Technologies Holdings, Inc. Balance Sheet: EVLVW Debt, Cash & Liquidity
EVLVW Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Evolv Technologies Holdings, Inc.'s revenue has grown significantly by 516% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.34 indicates the company is currently unprofitable.
EVLVW Revenue Growth, EPS Growth & YoY Performance
EVLVW Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $27.4M | -$1.7M | $-0.01 |
| Q2 2025 | $25.2M | -$1.7M | $0.02 |
| Q1 2025 | $22.2M | -$1.7M | $-0.01 |
| Q3 2024 | $20.0M | $3.4M | $0.03 |
| Q2 2024 | $19.8M | $3.5M | $0.02 |
| Q1 2024 | $18.6M | -$11.6M | $-0.08 |
| Q3 2023 | $16.5M | $6.0M | $0.03 |
| Q2 2023 | $9.1M | -$13.8M | $-0.18 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Evolv Technologies Holdings, Inc. Dividends, Buybacks & Capital Allocation
EVLVW SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Evolv Technologies Holdings, Inc. (CIK: 0001805385)
📋 Recent SEC Filings
❓ Frequently Asked Questions about EVLVW
What is the AI rating for EVLVW?
Evolv Technologies Holdings, Inc. (EVLVW) has a Combined AI Rating of HOLD from Claude (HOLD) and ChatGPT (HOLD) with 69% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are EVLVW's key strengths?
Claude: Strong revenue growth of 40.5% YoY indicating solid market demand. Healthy gross margin of 51.6% showing product viability. ChatGPT: Strong 40.5% year-over-year revenue growth indicates continued demand expansion. Healthy 51.6% gross margin supports the potential for operating leverage over time.
What are the risks of investing in EVLVW?
Claude: Deep operating losses (-$48.5M) and negative net margin (-22.7%) indicate unprofitable at scale. Negative ROE (-27.7%) and ROA (-10.9%) show shareholder value destruction. ChatGPT: Operating margin of -33.2% shows the company remains far from sustainable profitability. Current ratio of 1.23x suggests liquidity is adequate but not especially strong for a still-lossmaking business.
What is EVLVW's revenue and growth?
Evolv Technologies Holdings, Inc. reported revenue of $145.9M.
Does EVLVW pay dividends?
Evolv Technologies Holdings, Inc. does not currently pay dividends.
Where can I find EVLVW SEC filings?
Official SEC filings for Evolv Technologies Holdings, Inc. (CIK: 0001805385) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is EVLVW's EPS?
Evolv Technologies Holdings, Inc. has a diluted EPS of $-0.20.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is EVLVW a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Evolv Technologies Holdings, Inc. has a HOLD rating with 69% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is EVLVW stock overvalued or undervalued?
Valuation metrics for EVLVW: ROE of -27.7% (sector avg: 22%), net margin of -22.7% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy EVLVW stock in 2026?
Our dual AI analysis gives Evolv Technologies Holdings, Inc. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is EVLVW's free cash flow?
Evolv Technologies Holdings, Inc.'s operating cash flow is $18.7M, with capital expenditures of $11.4M. FCF margin is 5.0%.
How does EVLVW compare to other Technology stocks?
Vs Technology sector averages: Net margin -22.7% (avg: 18%), ROE -27.7% (avg: 22%), current ratio 1.23 (avg: 2.5).