Feed / EVLV

Evolv Technologies Holdings, Inc.

EVLV

Industrials · 4.97 +0.6% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Evolv Technologies Holdings, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

Company+0.6% todayVolume comparison unavailable
Market group0 of 15 activeE-commerce Technology · unavailable
Disclosed network0 of 4 confirmingNo filing-linked name is confirming now
What would change this read
  • EVLV's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if EVLV's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Security & Protection Services

No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • EVLV's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations319
Usable filing statements100
Verified relationships4
Evidence supporting the case
  • Latest annual revenue changed +40.5% year over year.
  • Operating margin changed +46.0 percentage points in the latest annual period.
  • Net margin changed +29.3 percentage points in the latest annual period.
Evidence challenging the case
  • Diluted shares increased 7.6% in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

4.97
6m-6.2%12m-40.7%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$23.4M+388.9%$-0.15
2022-12-31$52.7M+125.4%$-0.60
2023-12-31$79.6M+50.9%$-0.72+3.7%
2024-12-31$103.9M+30.5%$-0.34+5.0%
2025-12-31$145.9M+40.5%$-0.20+7.6%

What management says matters

Persistent and emerging business drivers

Product pipeline and R&Dnegative · 2 filings
Research and Development Expenses Three Months Ended March 31, 2026 2025 $ Change % Change Personnel related (including stock-based compensation) $ 4,405 $ 3,850 $ 555 14 % Materials and prototypes 280 67 213 318 % Professional fees 673 672 1 — % Other 527 27…
10-Q · May 12, 2026
Demand and volumepositive · 1 filings
As disclosed in Note 5 to our financial statements, RPO at March 31, 2026 was $299.0 million, an increase of approximately 2% from December 31, 2025, driven by continued market demand.
10-Q · May 12, 2026
Legal and regulatory exposuremixed · 1 filings
In addition, as a result of the previously disclosed investigation and restatement of prior period financial statements we are subject to securities class action litigation and shareholder derivative lawsuits alleging that we violated federal securities laws…
10-K · Mar 10, 2026
Restructuring and cost reductionsnegative · 1 filings
7,321 104 % $ 32,210 $ 25,867 $ 6,343 25 % The decrease in personnel related expenses is due to a decrease in payroll costs and stock-based compensation of $1.7 million, which resulted primarily from the termination of certain executives and the reduction in…
10-Q · Aug 14, 2025

Valuation discipline

Descriptive valuation snapshot

Price/sales 5.7× · EV/sales 5.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

4.97+0.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for EVLV. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for EVLV. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind EVLV

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

TGTTarget CorporationcustomerMar 10, 2026

Under the Rebate Program, eligible resellers that attain at least 25% of their current fiscal year total contract value (“TCV”) target (“Annual Target”) in a given quarter are eligible for a rebate based upon a percentage of their TCV for that quarter.

PLXSPlexus Corp.supplierMar 10, 2026

As Plexus is brought onboard, we believe we maintain ample inventory and committed production capacity to meet our growth targets with our existing contract manufacturer, ensuring uninterrupted service and consistent delivery to customers.

MFICMidCap Financial Investment CorporationlenderMay 12, 2026

As described below, on July 29, 2025 (the "Closing Date"), Evolv Technologies, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

EVLV is currently a Early Follower in the organic co-movement group E-commerce Technology. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for EVLV; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.