Evolv Technologies beats Q4 revenue estimates on strong new customer additions

Evolv Technologies Holdings

10/03/2026 20:15

Overview

US security tech firm's Q4 revenue rose 32% yr/yr, beating analyst expectations

Company expects 2026 revenue growth of 18-22%

Outlook

Evolv expects 2026 revenue between $172 mln and $178 mln, up 18%-22% yr-over-yr

Company sees ending ARR at Dec 31, 2026 rising to $145 mln-$150 mln, up 20%-25%

Evolv expects positive full-year Adjusted EBITDA in 2026 with margins in high single digits

Result Drivers

CUSTOMER GROWTH - Co said Q4 revenue growth was driven by strong new customer additions and expansion across existing customer base

RECURRING REVENUE - Co highlighted increased recurring revenue from long-term subscriptions as a key contributor to results

Company press release: ID:nBw4D5zK4a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$38.50 mln
$36.44 mln (4 Analysts)
Q4 Adjusted EPS
Miss
-$0.03
-$0.02 (3 Analysts)
Q4 EPS
$0.06
Q4 Net Income
$10.9 mln
Q4 Annual Recurring Revenue
$120.5 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the communications & networking peer group is "buy"

Wall Street's median 12-month price target for Evolv Technologies Holdings Inc is $10.00, about 92.3% above its March 9 closing price of $5.20

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)