Plutux
$5.11
+0.20%
2026-09-03 09:30:01 EDT+$0.01
Industrials
Security & Protection Services
NASDAQ
Active Trading

Evolv Technologies Holdings, Inc. develops, manufactures, markets, and sells security screening products and specific services in the United States and internationally. It ...

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$5.11
+0.20%+$0.01
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VolumeSMA5SMA10
Evolv Technologies Holdings, Inc., commonly known as Evolv Technology, is a public security technology company traded on the Nasdaq under the symbol EVLV. Incorporated in Delaware in July 2013 and headquartered in Waltham, Massachusetts, the company was founded with the objective of improving the speed, convenience, and effectiveness of screening ...Evolv Technologies Holdings, Inc., commonly known as Evolv Technology, is a public security technology company traded on the Nasdaq under the symbol EVLV. Incorporated in Delaware in July 2013 and headquartered in Waltham, Massachusetts, the company was founded with the objective of improving the speed, convenience, and effectiveness of screening people and belongings in locations where large groups gather. John Kedzierski has served as President and Chief Executive Officer since December 2024. Evolv's central business is the development, manufacture, sale, and servicing of AI-based security screening systems. Its flagship Evolv Express product is designed to screen people moving through venues in relatively unstructured flows while identifying potential firearms, improvised explosive devices, and large tactical knives. The system is intended to reduce the need for traditional checkpoint procedures that can create queues, require visitors to stop, or involve extensive manual bag inspection. Evolv eXpedite extends the company's technology to autonomous screening of bags and other items brought into venues, particularly in environments with substantial visual and operational clutter. The company also offers Evolv Insights, an analytics application that provides customers with information on visitor flow, arrival curves, location-level performance, detection performance, alarm statistics, and comparisons across operating dimensions. Evolv's customers and target markets include education, healthcare, professional sports, performing arts and entertainment, tourist attractions, cultural institutions, corporate and government offices, hospitality, distribution centers, industrial workplaces, and houses of worship. The company promotes its systems as capable of screening high volumes of visitors, with company materials referencing throughput of up to approximately 4,000 people per hour under suitable operating conditions. Its value proposition is based on combining electromagnetic sensing, artificial intelligence, software, analytics, and security-service expertise to improve security while preserving a more natural visitor experience. From an operating perspective, Evolv has both hardware and recurring-service characteristics. Its bill of materials can include detection hardware, sensors, computing components, enclosures, communications equipment, installation materials, and related accessories. Costs also include manufacturing, logistics, field installation, maintenance, software development, cloud infrastructure, customer support, sales, marketing, and research and development. The precise product-level BOM, component sourcing, contract-manufacturing terms, and unit economics are not publicly detailed in the supplied information. A recurring software, analytics, service, and support component may improve customer engagement and revenue visibility, although the company remains exposed to hardware production costs and implementation cycles. The supplied trailing-twelve-month data indicates approximately $1.10 billion of enterprise value, a gross margin of about 49.9%, and negative profitability, including an EBITDA margin of approximately negative 5.1% and a net margin of approximately negative 22.8%. The company also reports negative free cash flow in the supplied metrics, reflecting ongoing investment and operating requirements. Its current ratio is approximately 1.21, while its debt-to-equity ratio is approximately 0.35. These figures indicate that Evolv remains focused on scaling its platform and customer base while working toward sustainable profitability and stronger cash generation. Evolv's principal opportunities include increased concern about weapons in public spaces, demand for less intrusive screening, expansion of AI-enabled security, software and analytics monetization, and broader adoption across large venues. Key risks include lengthy enterprise sales cycles, customer budget constraints, competition from conventional and emerging security technologies, false alarms or missed detections, regulatory and reputational scrutiny, installation complexity, and the need to demonstrate consistent performance across diverse environments. The Federal Trade Commission has also taken action involving allegations concerning claims about the capabilities of Evolv's AI technology, making accuracy, transparency, validation, and compliance important strategic considerations for the company. Evolv's stated long-term objective is to help create safer experiences in places where people live, work, learn, and gather.
Founded
2013
Employees
286
CEO
John Kedzierski
Full Name
Evolv Technologies Holdings, Inc.
Sector
Industrials
Industry
Security & Protection Services
ROE
-4.53%
Market Cap
$0.92B
Current Ratio
1.18
WACC
12.66%
ROIC
-0.97%

Contact Information

781 374 8100
500 Totten Pond Road, Waltham, MA 02451

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