Evolv Adds 70 New Customers in Q2, eXpedite Adoption Surges to 100+
EVLV sits 19% above its 52-week low of $4.865.
Summary
Evolv disclosed strong operational momentum following its Q2 earnings beat. The company added 70 new customers in Q2 2026, its strongest quarter in two years, and now serves all 50 U.S. states plus Canada and Mexico. Its eXpedite bag-screening product has crossed 100 customers, up from roughly 2% to 8% of the customer base in a year, with 70% of new eXpedite buyers also purchasing Evolv Express. Over 40 existing Express customers added eXpedite, and the platform now screens about 90,000 bags daily. These metrics validate the cross-sell strategy and expanding market reach, though the company remains under SEC investigation and unprofitable. The update adds concrete adoption data to the Q2 narrative and supports the raised full-year guidance.
At the time of this announcement, EVLV was trading at $5.80 on NASDAQ in the Technology sector, with a market capitalization of approximately $1B. The 52-week trading range was $4.87 to $8.91. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.