Evolv Technologies : Technology Reports First Quarter Financial Results 2026

About this update from Evolv Technologies Holdings, Inc.

- Company Raises Outlook for 2026 -Q1'26 Revenue of $46.3 million, up 45% year-over-yearQ1'26 Ending ARR1 of $127.3 million, up 20% year-over-yearQ1'26 Net Loss of $(5.0) million, with Net Profit Margin of (10.8)%Q1'26 Adjusted EBITDA2 of $3.9 million, with Adjusted EBITDA Margin2 of 8.5%WALTHAM, Mass. - Evolv Technologies Holdings, Inc (NASDAQ: EVLV), a leading security technology company pioneering AI-based solutions designed to help create safer experiences, today announced financial results for the quarter ended March 31, 2026. "Our first quarter results reflect our progress in building a disciplined and predictable business," said John Kedzierski, President and Chief Executive Officer of Evolv Technology. "Revenue growth during the quarter was driven by new customer acquisition, expanding deployments within our installed base, and growing adoption of our newest product - Evolv eXpedite. Looking ahead, we remain focused on scaling the business and delivering weapon screening in complex, real-world environments across the growing customer base we are serving-helping make the world a better place to live, learn, work, and play." Results for the First Quarter of 2026 Total revenue for the first quarter of 2026 was $46.3 million, an increase of 45% compared to $32.0 million for the first quarter of 2025. Revenue for the first quarter of 2026 was primarily driven by strong new customer additions and continued expansion of deployments across the existing customer base. Annual Recurring Revenue ("ARR")1 was $127.3 million at the end of first quarter of 2026, an increase of 20% compared to $106.0 million at the end of the first quarter of 2025. Net loss for the first quarter of 2026 was $(5.0) million, or $(0.03) per basic and diluted share, compared to net loss of $(1.7) million, or $(0.01) per basic and diluted share, in the first quarter of 2025. Adjusted loss2 for the first quarter of 2026 was $(3.3) million, or $(0.02) per diluted share, compared to adjusted loss2 of $(3.4) million, or $(0.02) per diluted share, for the first quarter of 2025. Adjusted EBITDA2 for the first quarter of 2026 was $3.9 million compared to $2.1 million in the first quarter of 2025. As of March 31, 2026, the Company had cash, cash equivalents and marketable securities of $61.1 million. The following table summarizes the breakdown of recurring and non-recurring revenue3 for each...

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