Evolv Technologies Reports Strong Q3 2025 Growth

Evolv Technologies Holdings, Inc. ( (EVLV) ) has released its Q3 earnings. Here is a breakdown of the information Evolv Technologies Holdings, Inc. presented to its investors.

Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) is a security technology company that specializes in AI-powered screening and analytics solutions for enhancing safety in various public and private venues. The company has recently released its third-quarter financial results for 2025, showcasing significant growth in revenue and improvements in profitability metrics.

For the third quarter of 2025, Evolv Technology reported a revenue of $42.9 million, marking a 57% increase compared to the same period in 2024. The company also achieved an annual recurring revenue of $117.2 million, up by 25% year-over-year. Despite a net loss of $1.8 million, Evolv’s adjusted EBITDA reached $5.1 million, reflecting a positive adjusted EBITDA margin of 12%. The revenue growth was primarily driven by new customer acquisitions and expanded deployments with existing clients.

The company’s financial performance for the first nine months of 2025 also showed a robust 44% increase in total revenue, amounting to $107.4 million. Evolv’s strategic focus on operational efficiency has resulted in a reduction of net loss and improved adjusted earnings compared to the previous year. The company has maintained a strong cash position with $56.2 million in cash, cash equivalents, and marketable securities as of September 30, 2025.

Looking ahead, Evolv Technologies has raised its revenue outlook for 2025 to between $142 million and $145 million, indicating a growth rate of 37% to 40% year-over-year. The management is optimistic about achieving positive full-year adjusted EBITDA and expects to be cash flow positive by the fourth quarter of 2025, driven by continued demand for its innovative security solutions.