EVLV
Evolv Technologies Holdings, Inc.

Evolv Technologies Holdings, Inc.EVLV

Industrials · Security & Protection Services
4.91USD
-0.41%
Sep 23, 2026
EVLV overview ready
Evolv is a direct supplier of AI-enabled, sensor-based weapons-screening systems and related cloud analytics for venue ingress and security operations.
Narrative is still early
Exposed to the Physical Security Modernization narrative through AI-Enabled Weapons Detection and Frictionless Venue Screening — pure play.
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash it currently generates.
Unremarkable fundamentals
Primary risk
Dependence on adoption of AI-based security technology.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 18

Conviction Level

NarrativeHeat5.2ThemeHeat7.2PriceAction5.4Valuation0.3CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$889.3M
Avg Volume (60D)
2.1M
60 sessions
Revenue Growth YoY
+40.5%
FY2025 vs FY2024
Gross Margin
+49.9%
Trailing twelve months
Operating Margin
-20.8%
Trailing twelve months
Free Cash Flow Yield
-4.8%
Distance from 200DMA
-17.9%
Next Earnings
2026-11-12
P/E
N/M
EV / Sales
5.0x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; own history is the dissenting view.
Evolv Technologies Holdings, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash it currently generates.

Company Research

Thesis
Evolv is a direct supplier of AI-enabled, sensor-based weapons-screening systems and related cloud analytics for venue ingress and security operations. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Institutional spending on high-throughput, lower-friction systems that detect weapons and threats at entrances to schools, healthcare facilities, workplaces, entertainment venues, and other public gathering locations.
Key risk
Dependence on adoption of AI-based security technology.

Narrative & Theme

Physical Security Modernization
Part of AI-Enabled Weapons Detection and Frictionless Venue Screening, with strong fit.
EVLV has a real, specific thematic fit rather than generic AI exposure: it sells AI-enabled weapons detection and screening systems into public venues, schools, hospitals, workplaces, and event settings.
Narrative HeatNeutral5.2 / 10
Theme HeatHeating up7.2 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Industrials · Security & Protection Services
What they do

Evolv Technologies develops, manufactures, and sells security screening products and related services that use AI to detect weapons and threats in public venues and high-traffic environments.

How it earns

The company generates revenue primarily through transactional sales of security hardware and software solutions.

Products & services
Evolv Express
Evolv eXpedite
Evolv Insights Analytics Application
Customers & end markets
Public venues
Security service providers
Market position

Niche player specializing in AI-driven security screening technology.

Demand drivers
Medium cyclicality

Demand is influenced by public safety concerns and event activity, which can fluctuate with economic and social conditions.