Evolv Technologies Holdings, In (EVLV) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Evolv Technologies Holdings, In

NasdaqCM•Industrials•Security & Protection Services

$5.00+0.03(0.01%)Market closed

Market Cap

$902.32M

P/S

5.3x

P/B

7.6x

Evolv Technologies Holdings, Inc. develops, manufactures, markets, and sells security screening products and specific services in the United States and internationally. It offers Evolv Express, that is designed to detect firearms, improvised explosive devices, and large tactical knives in unstructured people flows; Evolv eXpedite, an autonomous AI-based weapon detection system for bags being brought to venues by visitors in high clutter environments; and Evolv Insights Analytics Application which provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance and alarm statistics, and comparisons across multiple business dimensions. The company serves various industries comprising education, healthcare, professional sports, notable performing arts and entertainment venues, major tourist destinations and cultural attractions, government and corporate offices, hospitality facilities, distribution facilities, large industrial workplaces, and houses of worship. Evolv Technologies Holdings, Inc. was founded in 2013 and is headquartered in Waltham, Massachusetts.

How this company scores

GoodMetricSide Score: 64/100

Strongest: Growth (20/25); weakest: Cash & Earnings Quality (11/25).

Profitability14/25

Growth20/25

Balance Sheet & Red Flags19/25

Cash & Earnings Quality11/25

Strengths

Growing revenueLong cash runwayLow leverageProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 50.3x5y range 50.3x – 50.3x

P/S · 5.3x5y range 4.4x – 61.4x

Currently below its 20-quarter median.

P/B · 7.6x5y range 1.1x – 13.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $902.32M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $171.44M
Q. Revenue: $43.75M
TTM EBITDA: $-8.64M
TTM Op. Income: $-35.60M
Q. Op. Income: $-10.55M
TTM Net Income: $-5.22M
Q. Net Income: $-9.30M
EPS: $-0.05
Shares Out.: $180.10M

$171.44M in TTM revenue grew 41.4% YoY, reaching $43.75M last quarter. TTM EBITDA of $-8.64M and TTM operating income of $-35.60M show growth is flowing through to the bottom line. However, net income is negative at $5.22M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 50.2%
EBITDA Margin: -7.8%
Op. Margin: -24.1%
Net Margin: -21.3%

Op. margin of -24.1% is up 29.6% YoY — cost efficiency is improving. Net margin at -21.3% and gross margin of 50.2% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 55% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 5.3x
P/B Ratio: 7.6x

P/S of 5.3x and P/B of 7.6x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $302.02M
Cash: $52.70M
Long-Term Debt: $28.74M
Book Value: $118.86M
D/E Ratio: 0.2
Debt/EBITDA: N/A

With $302.02M in assets and $28.74M in long-term debt, D/E is 0.2and book value is $118.86M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $11.90M
TTM Free Cash Flow: $-387,000
FCF Margin: -0.2%
FCF / Net Income: 0.1

TTM FCF of $-387,000 on $11.90M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.