Evolv Technologies Delivers Strong Q4 2025 Results
Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) announced robust fourth-quarter financial results for 2025, with total revenue reaching $38.5 million, a 32% increase from $29.1 million in the prior year’s quarter.
Annual Recurring Revenue (ARR) ended the quarter at $120.5 million, reflecting 21% year-over-year growth. The company posted net income of $10.9 million, achieving a 28% net profit margin, alongside adjusted EBITDA of $1.8 million at a 5% margin. Cash, cash equivalents, and marketable securities stood at $69.0 million, up $12.8 million from the previous quarter.
Full-Year 2025 Performance Highlights
For the full year 2025, revenue climbed 40% to $145.9 million from $103.9 million in 2024. Recurring revenue grew 28% to $112.1 million, while non-recurring revenue surged 106% to $33.8 million.
Net loss narrowed to $33.1 million, or $0.20 per share, compared to $54.0 million, or $0.34 per share, in 2024. Adjusted EBITDA turned positive at $11.1 million, a significant improvement from a $21.0 million loss the previous year.
2026 Guidance Raised on Subscription Momentum
Executives raised the 2026 revenue outlook to between $172 million and $178 million, signaling 18% to 22% growth. Ending ARR is now projected at $145 million to $150 million, targeting 20% to 25% expansion.
Approximately 50% of new unit deployments will follow a pure subscription model, with the rest under a purchase-subscription approach. Full-year adjusted EBITDA is expected to remain positive, with margins in the high single digits.
“We are pleased to be reporting solid fourth quarter results, which capped a year of significant improvement across the Company,” said John Kedzierski, President and Chief Executive Officer. “We continue to deliver advanced weapons screening capabilities at scale for more than 1,200 customers worldwide through a tightly integrated platform that combines proprietary hardware, real-world visitor data sets, and AI-driven software, delivered via long-term subscriptions that foster durable customer relationships and high-quality recurring revenue. Looking ahead, we believe AI-based weapons screening will continue to become increasingly prevalent, and we look forward to capitalizing on this still-nascent market opportunity to help make the world a safer place to live, work, learn, and play.”
