Business UpdateApr 30, 2026, 04:21 PM
EVLV 2025 Revenue +40% to $145.9M; ARR +21% to $120.5M
AI Summary
Evolv Technologies Holdings, Inc. reported strong financial and operational results for 2025, with total revenue increasing 40% to $145.9 million and Annual Recurring Revenue (ARR) growing 21% to $120.5 million. The company achieved its first full year of positive Adjusted EBITDA at $11.1 million, a significant improvement from 2024. Evolv also evolved its business model to a direct fulfillment model for channel-led purchase subscriptions, enhancing long-term economics and customer lifetime value, and made several corporate governance enhancements and board changes.
Key Highlights
- EVLV 2025 total revenue increased 40% YoY to $145.9M.
- Annual Recurring Revenue (ARR) grew 21% YoY to $120.5M.
- Adjusted EBITDA improved to $11.1M, up over $30M from 2024.
- Net loss narrowed to ($33.1M) or ($0.20) per diluted share.
- Ended 2025 with $69.0M in cash, cash equivalents, and marketable securities.
- Welcomed nearly 250 new customers, growing deployed base to over 8,000 active systems.
- Transitioned channel-led purchase-subscription orders to a direct fulfillment model.
- Board nominated Neil Glat and Richard Shapiro for Class II Director election.