Evolv Technologies Reports Strong Q1 Results, Raises Full-Year 2026 Revenue Guidance
EVLV sits 73% above its 52-week low of $4.16.
Summary
Evolv Technologies reported strong Q1 2026 financial results, including a 45% year-over-year revenue increase and positive Adjusted EBITDA, leading to a raised full-year 2026 revenue outlook.
Key Events · Earnings and Guidance · EVLV
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Strong Q1 2026 Financial Performance
Total revenue for Q1 2026 was $46.3 million, a 45% increase year-over-year. Annual Recurring Revenue (ARR) grew 20% year-over-year to $127.3 million. The company reported a net loss of $(5.0) million but achieved positive Adjusted EBITDA of $3.9 million.
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Raised Full-Year 2026 Revenue Guidance
Evolv Technologies raised its full-year 2026 revenue outlook to a range of $175 million to $180 million, up from the previous estimate of $172 million to $178 million. This reflects an expected growth of approximately 20% to 23% year-over-year.
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Positive Full-Year Adjusted EBITDA Outlook
The company reiterated its expectation to deliver positive full-year Adjusted EBITDA in 2026, with Adjusted EBITDA margins projected to be in the high single digits, indicating continued operational efficiency and profitability.
Analysis · EVLV · Technology
Evolv Technologies delivered robust first-quarter results, showcasing significant revenue and Annual Recurring Revenue (ARR) growth. The company achieved positive Adjusted EBITDA for the quarter and, notably, raised its full-year 2026 revenue guidance. This indicates strong business momentum and improved financial health, projecting continued growth and profitability.
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At the time of this filing, EVLV was trading at $7.19 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $4.16 to $8.91. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.