EVLV

Evolv Technologies Holdings, Inc.

59
Fundamentals85/ 100
Valuation50/ 100
Upside potential59/ 100
Risk potential29/ 100

EVLV lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink, though they disagree widely on how much.

EVLV Fundamentals

MetricStatus
Healthy
Weak
Strong
Unavailable

EVLV's revenue and cash flow are currently healthy, but its profitability is weak. There isn't enough data to rate its balance sheet.

EVLV PE Valuation

EVLV has no meaningful PE right now: it lost money over the past year.

EVLV Forward outlook

MetricOutlook
--
Losses shrinking
Strong growth
Strongly improving
Limited
Low

Analysts expect EVLV's losses to shrink, with revenue growing. However, they disagree widely on these estimates.

EVLV Risk to reward

ScenarioChangePrice
Upside+42%$5.92
Downside-29%$2.94

Calculated from the latest close: $4.16 on Nov 12.

EVLV's one-year upside scenario is somewhat larger than its downside: +42% against −29%.

EVLV Earnings Per Share

Q4 2023: $-0.71Q1 2024: $-0.59Q2 2024: $-0.12Q3 2024: $-0.34Q4 2024: $-0.35Q1 2025: $-0.28Q2 2025: $-0.55Q3 2025: $-0.37Q4 2025: $-0.20Q1 2026: $-0.22Q2 2026: $-0.02Q3 2026: $-0.10
Q4 2023: $-0.71Q1 2024: $-0.59Q2 2024: $-0.12Q3 2024: $-0.34Q4 2024: $-0.35Q1 2025: $-0.28Q2 2025: $-0.55Q3 2025: $-0.37Q4 2025: $-0.20Q1 2026: $-0.22Q2 2026: $-0.02Q3 2026: $-0.10
QuarterTTM EPSYoY
Q3 2026-$0.10+$0.27
Q2 2026-$0.02+$0.53
Q1 2026-$0.22+$0.06
Q4 2025-$0.20+$0.15
Q3 2025-$0.37-$0.03
Q2 2025-$0.55-$0.43
Q1 2025-$0.28+$0.31
Q4 2024-$0.35+$0.36

EVLV is still losing money, but far less than before: $0.10 per share over the past year, against $0.98 at its worst in mid-2023.

EVLV Quarterly Revenue

Q4 2023: $22MQ1 2024: $22MQ2 2024: $26MQ3 2024: $27MQ4 2024: $29MQ1 2025: $32MQ2 2025: $33MQ3 2025: $43MQ4 2025: $39MQ1 2026: $46MQ2 2026: $44MQ3 2026: $47M
Q4 2023: $22MQ1 2024: $22MQ2 2024: $26MQ3 2024: $27MQ4 2024: $29MQ1 2025: $32MQ2 2025: $33MQ3 2025: $43MQ4 2025: $39MQ1 2026: $46MQ2 2026: $44MQ3 2026: $47M
QuarterRevenueYoY
Q3 2026$47.3M+10%
Q2 2026$43.8M+34%
Q1 2026$46.3M+45%
Q4 2025$38.5M+32%
Q3 2025$42.9M+57%
Q2 2025$32.5M+27%
Q1 2025$32M+48%
Q4 2024$29.1M+33%

EVLV's revenue has grown year over year every quarter since late 2021: $47M last quarter, up 10% from the same quarter a year ago.

EVLV Free Cash Flow

Q4 2023: −$3MQ1 2024: −$16MQ2 2024: −$22MQ3 2024: $4MQ4 2024: $3MQ1 2025: −$3MQ2 2025: $2MQ3 2025: $4MQ4 2025: $16MQ1 2026: −$3MQ2 2026: $12MQ3 2026: $18M
Q4 2023: −$3MQ1 2024: −$16MQ2 2024: −$22MQ3 2024: $4MQ4 2024: $3MQ1 2025: −$3MQ2 2025: $2MQ3 2025: $4MQ4 2025: $16MQ1 2026: −$3MQ2 2026: $12MQ3 2026: $18M
QuarterFree cash flowYoY
Q3 2026$18M+410%
Q2 2026$11.9M+463%
Q1 2026-$3.2M-$640K
Q4 2025$15.6M+386%
Q3 2025$3.5M-9.8%
Q2 2025$2.1M+$24M
Q1 2025-$2.5M+$13.5M
Q4 2024$3.2M+$6.3M

EVLV has burned cash in most quarters: $42M over the past year, about seven times what it generated the year before.

EVLV Total Shares

Q4 2023: 149MQ1 2024: 153MQ2 2024: 172MQ3 2024: 158MQ4 2024: 157MQ1 2025: 161MQ2 2025: 165MQ3 2025: 173MQ4 2025: 168MQ1 2026: 177MQ2 2026: 180MQ3 2026: 181M
Q4 2023: 149MQ1 2024: 153MQ2 2024: 172MQ3 2024: 158MQ4 2024: 157MQ1 2025: 161MQ2 2025: 165MQ3 2025: 173MQ4 2025: 168MQ1 2026: 177MQ2 2026: 180MQ3 2026: 181M
PeriodChange %Net change
Quarterly+0.6%+1.1M shares
1 year+4.8%+8.4M shares
3 years+4.1%+7.2M shares
5 years+26%+37M shares

EVLV has 181M diluted shares, up 4.8% from a year ago.

EVLV Net Leverage

EVLV's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.

EVLV Weekly Momentum

MetricValueStatus
RSI36.8Neutral
Stochastic20.9Neutral

EVLV's weekly RSI is 37 (neutral) and its Stochastic is 21 (neutral).

EVLV PE vs Industrials Sector

EVLV has no meaningful PE right now: it lost money over the past year.

EVLV Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$4.517.8% below
20 week MA$5.1119% below
50 week MA$5.7327% below
100 week MA$5.6226% below
200 week MA$4.8614% below

EVLV is in a downtrend: it's below all five of its weekly moving averages, and 14% below its 200-week average.

EVLV Yearly ROI

YearStart priceEnd priceROI
2020$9.78$10.1+3.1%
2021$10.1$5.04-50%
2022$5.04$2.20-56%
2023$2.20$4.72+115%
2024$4.72$3.97-16%
2025$3.97$6.66+68%
2026 YTD$6.66$4.16-38%

EVLV's yearly returns have swung widely, from +115% in 2023 to −56% in 2022. It's down 38% so far in 2026.

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