NASDAQ$EVLV

Evolv Technologies Holdings Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

EVLV reported Q4 2025, revenue of $38.5M, net income of $10.9M, diluted EPS of $0.06.

For Q4 2025, EVLV reported revenue of $38.5M, net income of $10.9M, diluted EPS was $0.06. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Revenue $38.5M.
  • Net income $10.9M.
  • Diluted EPS $0.06.

Headline financials

Total Revenue

$38.5M

Previous: $29.1M+32.3%
EPS (adj)

$0.06

Previous: -$0.10+160.0%
Ending ARR

$120M

Previous: $99.4M+21.3%
Adjusted EBITDA

$1.82M

Previous: $371K+389.8%
Adjusted EBITDA Margin

5.0%

Previous: 1.0%+400.0%
Net Profit Margin

28.0%

Previous: -54.0%+151.9%
New Customers

64

Previous: 60+6.7%
Adjusted Gross Margin

49.5%

Previous: 62.4%-20.7%
Net Income

$10.9M

Previous: $5M+118.0%
Operating Income

-$7.99M

Previous: -$18.9M+57.7%
Gross Profit

$18.6M

Previous: $16.7M+11.3%

Revenue & EPS history

Evolv · Revenue · Quarterly

$38.5M

Q4 2025+32.3%vs Q4 2024
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Evolv · $18.6M total across 3 segments · Q1 2023

  • Product Revenue
    $8.75M
  • Subscription Revenue
    $6.47M
  • Service Revenue
    $3.36M

Forward guidance

2026 outlook raised; ARR growth and adjusted EBITDA margin expansion.

Tailwinds

  • Q4 revenue +32%; ARR $120.5M (+21%).
  • Q4 net income $10.9M.

Headwinds

  • Adjusted EBITDA margin still mid-single digits.
  • Go-to-market investment needs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.9%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+6.3%

Avg return

30 days after

59%

13 / 22 earnings

Positive

+29.2%

Q3 2022

Best reaction

-45.0%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-17.6%-11.3%
Q4 2025+9.7%-1.1%+13.5%
Q3 2025-8.7%-10.0%+6.5%
Q1 2025+7.8%+3.1%+3.4%
Q3 2024-0.9%-5.4%+22.3%
Q4 2024-1.4%+4.3%+31.3%
Q2 2024-1.7%+4.1%+23.2%
Q1 2024-38.9%-26.9%-36.3%
Q4 2023-13.7%-18.0%-3.3%
Q3 2023-11.8%+0.8%+13.8%
Q2 2023+26.4%+28.4%+12.6%
Q1 2023+25.2%+28.6%+50.4%
Q4 2022+10.2%+4.7%+13.5%
Q3 2022+29.2%+29.2%+31.4%
Q2 2022+14.5%+18.8%-16.7%
Q1 2022+12.8%+20.9%+57.2%
Q4 2021-45.0%-42.1%-18.4%
Q3 2021+17.5%+9.8%-23.3%
Q2 2021-13.1%-5.8%-33.9%
Q1 2021+0.1%+0.3%+0.1%
Q4 2020+0.2%-0.4%-0.8%
Q3 2020+0.4%+0.7%+2.6%
Q2 2020

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