Quarterly ResultMay 12, 2026, 04:14 PM
Evolv Technology Q1 Revenue +45% to $46.3M; Raises 2026 Outlook
AI Summary
Evolv Technologies Holdings, Inc. reported strong first-quarter 2026 financial results, with revenue increasing 45% year-over-year to $46.3 million and ending Annual Recurring Revenue (ARR) growing 20% to $127.3 million. The company achieved positive Adjusted EBITDA of $3.9 million, reflecting progress in building a disciplined business. Following these results, Evolv Technology raised its full-year 2026 revenue outlook to $175-$180 million.
Key Highlights
- Q1 2026 revenue increased 45% year-over-year to $46.3 million.
- Ending Annual Recurring Revenue (ARR) grew 20% year-over-year to $127.3 million.
- Net loss for Q1 2026 was $(5.0) million, or $(0.03) per share.
- Adjusted EBITDA for Q1 2026 was $3.9 million, with an 8.5% margin.
- Company raised its 2026 total revenue outlook to $175-$180 million, up from $172-$178 million.
- Recurring revenue for Q1 2026 was $31.176 million, up 21% YoY.
- Non-recurring revenue for Q1 2026 was $15.152 million, up 142% YoY.
- Cash, cash equivalents and marketable securities totaled $61.1 million as of March 31, 2026.