Evolv Technologies (EVLV)
Provides AI-assisted screening and analytics for high-traffic entrances.
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Sells AI-assisted screening systems for people, bags, and venue operations, centered on Express and newer layers such as eXpedite, Insights, and Visual Gun Detection. Revenue is subscription-led, and operations are shaped by single-segment reporting, venue deployment expansion, a recent restatement, and an FTC marketing-claims settlement.
Builds AI-assisted physical-security screening for high-traffic entrances, centered on Evolv Express for people screening. eXpedite adds bag screening, while Insights and Visual Gun Detection add operational analytics and camera-based detection layers around the entrance workflow.
Sells through a subscription-led model with service, product, and license revenue around deployments across venues, schools, hospitals, enterprises, and public spaces. The customer base is described as global, while public filings do not break revenue down by geography or product line.
Execution depends on expanding deployments and recurring subscription demand within a single reportable segment. The business also carries public-company remediation work after a revenue restatement and an FTC settlement over prior marketing claims.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 12, 2026 | Craig-Hallum | Reiterate | Rating: —Target: — | Target: $11.25 |
| May 13, 2026 | Northland Securities | Target | Target: — | Target: $10 |
| Nov 14, 2025 | Lake Street | Reiterate | Rating: —Target: $2.75 | Target: $10 |
| Aug 15, 2025 | Lake Street | Upgrade | ||
| May 21, 2025 | Northland Capital Markets | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $62.6M · Total debt $41.6M · Total assets $302.0M · Shareholders' equity $118.9M
- Revenue
- $43.8M
- Operating income
- −$10.6M
- Net income
- −$9.3M
No dividends on record.
| Institutions | 67.59% | 122.42M shares | |
|---|---|---|---|
| 272 holders · as of Jun 30, 2026 | |||
| Insiders | 6.41% | 11.62M shares | |
| 13 holders · as of Sep 9, 2026 | |||
| Strategic holders | 21.83% | 39.54M shares | |
| 2 holders · as of Sep 12, 2025 | |||
| Other | 4.17% | 7.55M shares | |
| remainder | |||
181.13M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Finback Evolv, LLC1Strategic10 percent owner | 12.34% | 11.18M · 11.18M | filed Jul 26, 2021 |
Gates Frontier, LLC2Strategic10 percent owner | 9.49% | 17.19M | filed Sep 12, 2025 |
BlackRock, Inc.Institution | 7.47% | 13.54M | as of Jun 30, 2026 |
Michael Philip EllenbogenInsider | 4.22% | 7.65M | filed Jan 30, 2023 |
Vanguard Capital Management LLCInstitution | 4.02% | 7.28M | as of Jun 30, 2026 |
- Finback Evolv, LLC's transaction reports restate only vehicles that traded; the 2021 ownership statement (11.18M) is used instead.
- Reported at 1.40% on Sep 22, 2025, under the 5% line, so no further filing is required.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Richard A. Shapiro | director | +32,600 | $4.96 |
| Aug 17, 2026 | Michael Ellenbogen | director | −80,752 | $5.59 |
| Aug 14, 2026 | Henrik Kuhl | director | +15,000 | $5.73 |
| Aug 14, 2026 | Neil Glat | director | +8,500 | $5.74 |
| Jul 15, 2026 | Michael Ellenbogen | director | −80,745 | $5.94 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Evolv Technologies | $4.83 | −1.73% | $883.2M | — | — | 5.2 | +34.4% |
| OSI Systems | $202.21 | +0.68% | $3.31B | 22.4 | 17.8 | 1.9 | −4.1% |
| Liberty Defense | $2.08 | −3.70% | $4.4M | — | — | — | — |
| Leidos | $125.82 | +2.04% | $15.51B | 11.5 | 10.5 | 0.9 | +7.2% |
| Motorola Solutions | $463.23 | +1.43% | $75.81B | 36.0 | 25.6 | 6.2 | +13.3% |
| Johnson Controls | $146.06 | −0.26% | $88.70B | 25.5 | 25.0 | 3.5 | +9.3% |
| Allegion | $154.89 | +0.61% | $13.09B | 20.2 | 16.5 | 3.1 | +12.7% |
| Median | 22.4 | 17.8 | 3.1 | +9.3% |