Evolv Technologies Holdings, Inc.
EVLVW
NASDAQ Capital Market0.09
USD
+0.01
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Evolv Technologies Holdings, Inc.
EVLVW
(NASDAQ Capital Market)
Recent
price
0.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) develops and provides AI-based touchless security screening solutions for weapons detection, threat identification, and analytics to enhance safety in high-traffic venues worldwide; core products include Evolv Express, a flagship touchless walk-through system using sensors and AI to detect concealed weapons while enabling high-throughput screening; Evolv eXpedite, a complementary solution for scanning people and bags with alert images for precise threat location; Evolv Insights, a cloud-based platform offering web and mobile dashboards, analytics, and automated reports for operational efficiency; and additional technologies such as Evolv Visual Gun Detection and Evolv Eva. The company targets sectors including education, healthcare, professional sports and entertainment venues, workplaces, houses of worship, tourist attractions, and public spaces, operating primarily in the United States with international reach through a global supply chain. Founded in 2013 and headquartered at 500 Totten Pond Road in Waltham, Massachusetts, Evolv delivers its offerings via a security-as-a-service subscription model that generates recurring revenue. Recent developments include a strategic manufacturing partnership with Plexus Corp. announced in November 2025 to scale production capacity, enhance global supply chain resiliency, and support expansion amid rising demand; a $75 million non-dilutive debt financing facility secured with MidCap Financial in July 2025, comprising a $60 million term loan and $15 million revolving credit line to fund growth in its long-term subscription business; deployment of Evolv eXpedite in additional school districts in 2025 following initial Evolv Express installations; and a raised full-year 2025 revenue outlook to $142-$145 million with third-quarter 2025 revenue reaching $42.9 million, up 57% year-over-year.
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