EVLVEvolv Technologies Holdings, Inc.(EVLV)Stock Analysis

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SEC EDGAR: CIK 1805385EVLV stock profile & AI dashboard →

13F Pro Quality Score

34.7/100

Rank #2,180 of 2,879 stocks

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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

89.8/100

Profitability

13.7/100

Balance Sheet

13.2/100

Earnings Quality

30.0/100

Free Cash Flow

33.7/100

Institutional Flow

32.6/100

Revenue Scale

21.4/100

Dilution Risk

12.8/100

EVLV Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Evolv Technologies Holdings, Inc. (EVLV), a Technology sector company. 13F Pro's AI-powered ranking engine scores EVLV at 34.7/100 on a 32-signal composite quality model, placing it at rank #2,180 of 2,879 stocks — the bottom half of the AI-ranked universe. EVLV scores in the top quartile across revenue growth (89.8). Areas of concern include balance sheet strength (13.2) and profitability (13.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 12.8/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Evolv Technologies Holdings, Inc. reports quarterly revenue of $46.3M, net income of $-5.0M, free cash flow of $-3.2M. Top institutional holders of EVLV by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, TWO SIGMA INVESTMENTS,, based on the most recent SEC filings. EVLV trades on the Nasdaq exchange and files with the SEC under CIK 1805385. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EVLV daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Evolv Technologies Holdings, Inc. directly from SEC EDGAR. Evolv Technologies Holdings, Inc.'s 13F Pro composite quality score has ranged between 26 and 36 since 2022, currently 34.7 — a stable long-term trajectory across 21 quarterly and live scoring snapshots.

Fun facts about Evolv Technologies Holdings, Inc.

Quirks, history, and lore behind EVLV — the kind of stuff that makes a stock memorable.

  • 1
    The Basics
    U.S. technology company · small-cap · listed on Nasdaq · headquartered in Massachusetts.
  • 2
    The Numbers
    Annual revenue in the range of tens of millions of dollars, with the company still in growth mode — losses are part of the story as it scales its install base.
  • 3
    The History
    Founded in the late 2010s and went public via a SPAC merger around 2021, riding a wave of investor enthusiasm for next-generation security screening hardware.
  • 4
    The Secret
    Its core product uses AI-powered sensors to screen people for concealed weapons without making them stop walking — no emptying pockets, no conveyor belts.
  • 5
    The Lore
    Its systems have been deployed in stadiums, schools, and hospitals across the U.S., pitching itself as a frictionless alternative to the traditional metal detector that's been basically unchanged since the 1970s.
  • 6
    The Giveaway
    This company's walk-through weapon-detection arches let entire crowds flow through security at a walk-in pace — think airport screening, but you never break stride.
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Revenue

Q1 2026

$46.3M

Net Income

Q1 2026

$-5.0M

Free Cash Flow

Q1 2026

$-3.2M

D/E Ratio

Q1 2026

0.24

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+40.5% YoY
$145.9MFY 2025
FY22 $52.7MFY23 $79.6MFY24 $103.9MFY25 $145.9M

Net Income

+38.7% YoY
$-33.1MFY 2025
FY22 $-86.8MFY23 $-108.0MFY24 $-54.0MFY25 $-33.1M

Operating Income

+41.1% YoY
$-48.5MFY 2025
FY22 $-103.0MFY23 $-90.1MFY24 $-82.3MFY25 $-48.5M

EPS (Diluted)

+41.2% YoY
$-0.20FY 2025
FY22 $-0.60FY23 $-0.72FY24 $-0.34FY25 $-0.20

Total Assets

+13.6% YoY
$304.4MFY 2025
FY22 $344.2MFY23 $297.1MFY24 $268.1MFY25 $304.4M

Total Debt

$28.6MFY 2025
FY22 $39.7MFY23 $0.00FY24 $0.00FY25 $28.6M

Op. Cash Flow

+160.5% YoY
$18.7MFY 2025
FY22 $-74.7MFY23 $-9.8MFY24 $-30.9MFY25 $18.7M

AI Insight: EVLV Financial Trends

Revenue inflection to $46M in Q1 2026 masks persistent operating losses and volatile profitability.

Revenue grew 84% from $25M (Q2 2024) to $46M (Q1 2026), accelerating sharply in recent quarters.

Operating losses narrowed from $22M (Q2 2024) to $8M (Q1 2026), showing operational discipline improvement.

Operating cash flow turned positive at $4M (Q3 2025) and $16M (Q4 2025), then swung negative $3M (Q1 2026).

Net income volatile: swung from $11M profit (Q4 2025) to $5M loss (Q1 2026) despite revenue growth.

Equity compressed 21% from $153M (Q2 2024) to $121M (Q1 2026) amid cumulative losses.

Operating cash flow inflection in Q1 2026 reverses 3-quarter positive streak; sustainability unclear.

AI Insight: EVLV Ratio Trends

Operating margin improved 62pp from Q2 2024 lows, but company remains deeply unprofitable with negative ROIC across all periods.

OpMargin recovered from -89.4% in Q2 2024 to -18.3% in Q1 2026, a 71pp improvement in 9 quarters.

NPM swung from -110.5% in Q3 2024 to +28.3% in Q4 2025, signaling potential path to breakeven profitability.

ROIC remains deeply negative across all periods: -22.7% in Q1 2026 TTM. No quarter achieved positive returns on invested capital.

NPM collapsed to -10.8% in Q1 2026 after +28.3% in Q4 2025; volatility suggests unpredictable path to sustained profitability.

ROE and ROA severely negative despite OpMargin recovery; leverage stable at 0.24 D/E but underlying value creation absent.

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Available Research

13F Pro tracks comprehensive data for Evolv Technologies Holdings, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)
XBRL financial facts (revenue, EPS, margins)
Insider transactions (Form 4)
Institutional 13F holdings
Quality rankings (32 signals)
AI analyst debates & daily meetings
Historical financial trends
Peer comparison & sector analysis

Top Institutional Holders of EVLV

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Is EVLV a good stock to buy?

13F Pro's AI-powered analysis of Evolv Technologies Holdings, Inc. (EVLV) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for EVLV are available on the EVLV stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own EVLV?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling EVLV. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Evolv Technologies Holdings, Inc.'s investment landscape.