A Business at a Glance
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Company Overview Evolv is a leading security technology company pioneering Artificial Intelligence (“AI”)-powered screening designed to help create safer experiences, with key market categories that include education, healthcare, sports, live entertainment, and industrial workplaces. Our mission is to make the world a safer and more enjoyable place to live, work, learn, and play. Our goal is to help facility operators address the chronic epidemic of escalating gun violence, mass shootings and terrorist attacks while maintaining a positive visitor experience. Our solutions combine proprietary software and hardware, delivered as a long-term Security-as-a-Service ("SaaS") subscription model and are designed to enhance security and improve the visitor experience. Evolv provides a cloud-connected, AI-driven approach to security that goes beyond just hardware, supporting the end-to-end screening experience.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 137M | 104M | 80M | 53M | 23M | - |
| Net Income | -60M | -54M | -108M | -87M | -11M | -27M |
| EPS | $-0.35 | $-0.34 | $-0.72 | $-0.60 | $-0.15 | $-3.07 |
| Free Cash Flow | -30M | -62M | -79M | -96M | -73M | -30M |
| ROIC | -62.9% | -45.9% | -75.0% | -38.3% | -3.7% | -99.5% |
| Gross Margin | 53.8% | 57.1% | 40.1% | 2.7% | 17.2% | - |
| Debt/Equity | 0.28 | 1.28 | 1.06 | 0.52 | 0.03 | -0.19 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -59M | -82M | -90M | -103M | -55M | -27M |
| Operating Margin | -43.5% | -79.2% | -113.2% | -195.3% | -236.3% | - |
| ROE | -58.4% | -41.3% | -58.3% | -38.3% | -10.6% | - |
| Shares Outstanding | 175M | 159M | 150M | 145M | 73M | 143M |
| Metric | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | N/A | 23M | 53M | 80M | 104M | 137M |
| Gross Margin | N/A | 17.2% | 2.7% | 40.1% | 57.1% | 53.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -27M | -55M | -103M | -90M | -82M | -59M |
| Op. Margin | N/A | -236.3% | -195.3% | -113.2% | -79.2% | -43.5% |
| Net Income | -27M | -11M | -87M | -108M | -54M | -60M |
| Net Margin | N/A | -46.5% | -164.6% | -135.8% | -52.0% | -43.8% |
| Non-Recurring | 0 | 1.9M | 1.2M | 322K | 224K | 224K |
| Returns on Capital | ||||||
| ROIC | -99.5% | -3.7% | -38.3% | -75.0% | -45.9% | -62.9% |
| ROE | N/A | -10.6% | -38.3% | -58.3% | -41.3% | -58.4% |
| ROA | -128.3% | -5.7% | -25.2% | -33.7% | -19.1% | -19.6% |
| Cash Flow | ||||||
| Op. Cash Flow | -23M | -57M | -75M | -9.8M | -31M | 6.3M |
| Free Cash Flow | -30M | -73M | -96M | -79M | -62M | -30M |
| Owner Earnings | -25M | -69M | -103M | -44M | -73M | -36M |
| CapEx | 6.6M | 17M | 21M | 69M | 31M | 36M |
| Maint. CapEx | 1.1M | 2.9M | 5.4M | 9.7M | 17M | 17M |
| Growth CapEx | 5.5M | 14M | 16M | 59M | 14M | 18M |
| D&A | 1.1M | 2.9M | 5.4M | 9.7M | 17M | 17M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 568.9% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 662K | 9.6M | 23M | 24M | 25M | 25M |
| Debt Repayment | 8.4M | 5.4M | 10M | 32M | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | 12M | -298M | N/A | N/A | N/A | -28M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | 56M |
| Long-Term Debt | 16M | 7.9M | N/A | N/A | N/A | 29M |
| Debt/Equity | -0.19 | 0.03 | 0.52 | 1.06 | 1.28 | 0.28 |
| Interest Coverage | -62.5 | -9.1 | -144.6 | -137.7 | N/A | N/A |
| Equity | -85M | 290M | 227M | 144M | 118M | 102M |
| Total Assets | 21M | 363M | 344M | 297M | 268M | 304M |
| Total Liabilities | 106M | 73M | 118M | 153M | 150M | 34M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -94M | -106M | -193M | -301M | -355M | -355M |
| Working Capital | -1.8M | 307M | 230M | 92M | 25M | 25M |
| Current Assets | 10M | 331M | 289M | 173M | 121M | 121M |
| Current Liabilities | 12M | 24M | 59M | 81M | 97M | 97M |
| Per Share Data | ||||||
| EPS | -3.07 | -0.15 | -0.60 | -0.72 | -0.34 | -0.35 |
| Owner EPS | -0.17 | -0.95 | -0.71 | -0.29 | -0.46 | -0.21 |
| Book Value | -0.59 | 4.00 | 1.57 | 0.96 | 0.74 | 0.59 |
| Cash Flow/Share | -0.16 | -0.78 | -0.52 | -0.07 | -0.19 | -0.24 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 143.3M | 72.6M | 144.7M | 150.1M | 158.9M | 174.6M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -18.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 1.2 | 1.4 | 5.2 | 5.4 | 10.8 |
| Price/Sales | N/A | 26.7 | 8.0 | 8.5 | 5.6 | 8.1 |
| FCF Yield | -2.1% | -21.7% | -29.6% | -10.6% | -9.8% | -2.7% |
| Market Cap | 1.4B | 338M | 325M | 746M | 631M | 1.1B |
| Avg. Price | 9.80 | 8.60 | 2.90 | 4.48 | 3.65 | 6.30 |
| Year-End Price | 10.11 | 4.66 | 2.25 | 4.97 | 3.97 | 6.30 |
Evolv Technologies Holdings, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 29.3%.
Evolv Technologies Holdings, Inc. (EVLV) has a 5-year average return on invested capital (ROIC) of -52.5%. This is below average and may indicate limited pricing power.
Evolv Technologies Holdings, Inc. (EVLV) has a market capitalization of $1.1B. It is classified as a small-cap stock.
Evolv Technologies Holdings, Inc. (EVLV) does not currently pay a regular dividend.
Evolv Technologies Holdings, Inc. (EVLV) operates in the Computer Peripheral Equipment, Nec industry, within the Technology sector.
Evolv Technologies Holdings, Inc. (EVLV) reported annual revenue of $104 million in its most recent fiscal year, based on SEC EDGAR filings.
Evolv Technologies Holdings, Inc. (EVLV) has a net profit margin of -52.0%. The company is currently unprofitable.
Evolv Technologies Holdings, Inc. (EVLV) generated $-62 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Evolv Technologies Holdings, Inc. (EVLV) has a debt-to-equity ratio of 1.28. This indicates moderate leverage.
Evolv Technologies Holdings, Inc. (EVLV) reported earnings per share (EPS) of $-0.34 in its most recent fiscal year.
Evolv Technologies Holdings, Inc. (EVLV) has a return on equity (ROE) of -41.3%. A negative ROE may indicate losses or negative equity.
Evolv Technologies Holdings, Inc. (EVLV) has a 5-year average gross margin of 29.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 5 years of financial data for Evolv Technologies Holdings, Inc. (EVLV), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Evolv Technologies Holdings, Inc. (EVLV) has a book value per share of $0.74, based on its most recent annual SEC filing.