Evolv Technologies Q2 revenue up 29%, beats estimates

Evolv Technologies Holdings

14/08/2025 21:15

Overview

Evolv Technologies Q2 revenue grows 29%, beating analyst expectations, per LSEG data

Adjusted EPS for Q2 beats consensus

Co raises 2025 revenue growth outlook to 27%-30%

Outlook

Evolv expects 2025 revenue between $132 mln and $135 mln

Company anticipates 2025 revenue growth of 27% to 30%

Evolv aims for positive full-year Adjusted EBITDA in 2025

Company expects to be cash flow positive in Q4 2025

Result Drivers

CUSTOMER ACQUISITION - Co attributes revenue growth to strong customer acquisition and expansion

AI SOLUTIONS - Increased market trust in AI-based security solutions contributed to results, per CEO John Kedzierski

RECURRING REVENUE - ARR rose 27% to $110.5 mln, reflecting a solid subscription base

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$32.50 mln
$30.90 mln (4 Analysts)
Q2 Adjusted EPS
Beat
-$0.02
-$0.04 (2 Analysts)
Q2 Net Income
-$40.50 mln
Q2 Annual Recurring Revenue
$110.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "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 $7.50, about 0.1% above its August 13 closing price of $7.49

Press Release: ID:nBwbFvTmza

(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.)