Evolv Technologies Holdings, Inc.EVLV
What Evolv Technologies Holdings, Inc. does.
Evolv Technologies Holdings, Inc., a Delaware corporation formed in 2021 (“we,” “us,” “our,” the “Company” and “Evolv”) is a leading security technology company pioneering Artificial Intelligence (“AI”)-powered screening solutions designed to help create safer environments while maintaining efficient visitor flow and a positive visitor experience. We serve customers across a range of end markets, including education, healthcare, sports, live entertainment, tourist attractions, houses of worship, and industrial workplaces. Our mission is to make the world a safer and more enjoyable place to live, work, learn, and play. Our goal is to help facility operators address escalating gun violence, mass shootings and terrorist attacks while maintaining a positive visitor experience.
Our solutions are delivered through a Security-as-a-Service model that integrates our proprietary sensor platform and AI-powered software, cloud connectivity, and ongoing services. We deliver our solutions through two sales models: a pure subscription model and a purchase subscription model, each of which requires both hardware and an active, connected software subscription, as further described in “Sales Models”. We believe this integrated approach reflects the full scope of our offering and aligns our long-term interests with those of our customers.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $5.4M | $23.4M | $52.7M | $79.6M | $103.9M | $145.9M |
| Net income | -$28.4M | -$10.9M | -$86.8M | -$108.0M | -$54.0M | -$33.1M |
| Free cash flow | -$29.9M | -$73.3M | — | — | — | — |
More on EVLV.
- Evolv Technologies Holdings, Inc. summary
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- Evolv Technologies Holdings, Inc. earnings
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- Evolv Technologies Holdings, Inc. ownership and insiders
- Evolv Technologies Holdings, Inc. peers
Figures from Evolv Technologies Holdings, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.