Evolv Technologies Holdings, Inc.(EVLV)Stock Analysis
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Rank #2,180 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
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.
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% YoYNet Income
+38.7% YoYOperating Income
+41.1% YoYEPS (Diluted)
+41.2% YoYTotal Assets
+13.6% YoYTotal Debt
Op. Cash Flow
+160.5% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Revenue | $145.9M +40.5% | $103.9M +30.5% | $79.6M +50.9% | $52.7M |
| Net Income | $-33.1M +38.7% | $-54.0M +50.0% | $-108.0M -24.5% | $-86.8M |
| Operating Income | $-48.5M +41.1% | $-82.3M +8.6% | $-90.1M +12.5% | $-103.0M |
| EPS (Diluted) | $-0.20 +41.2% | $-0.34 +52.8% | $-0.72 -20.0% | $-0.60 |
| Total Assets | $304.4M +13.6% | $268.1M -9.8% | $297.1M -13.7% | $344.2M |
| Total Debt | $28.6M | $0.00 | $0.00 -100.0% | $39.7M |
| Operating Cash Flow | $18.7M +160.5% | $-30.9M -214.8% | $-9.8M +86.9% | $-74.7M |
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:
Top Institutional Holders of EVLV
BlackRock, Inc.
$69.8M11,536,523 shVANGUARD CAPITAL MANAGEMENT LLC
$42.9M7,083,635 shTWO SIGMA INVESTMENTS, LP
$36.1M5,967,221 shVANGUARD PORTFOLIO MANAGEMENT LLC
$35.1M5,800,261 shStoic Point Capital Management LLC
$34.9M5,765,507 shData Collective IV GP, LLC
$27.8M4,590,000 shEMERALD ADVISERS, LLC
$26.2M4,333,055 shGEODE CAPITAL MANAGEMENT, LLC
$22.0M3,640,049 shSTATE STREET CORP
$21.0M3,468,806 shAlyeska Investment Group, L.P.
$18.5M3,058,480 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $69.8M | 11,536,523 |
| VANGUARD CAPITAL MANAGEMENT LLC | $42.9M | 7,083,635 |
| TWO SIGMA INVESTMENTS, LP | $36.1M | 5,967,221 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $35.1M | 5,800,261 |
| Stoic Point Capital Management LLC | $34.9M | 5,765,507 |
| Data Collective IV GP, LLC | $27.8M | 4,590,000 |
| EMERALD ADVISERS, LLC | $26.2M | 4,333,055 |
| GEODE CAPITAL MANAGEMENT, LLC | $22.0M | 3,640,049 |
| STATE STREET CORP | $21.0M | 3,468,806 |
| Alyeska Investment Group, L.P. | $18.5M | 3,058,480 |
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Popular Research
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.