Evolv Technologies Making Progress

Evolv Technologies operates a hardware-enabled subscription model with a proprietary data moat, screening over 4 million people daily across 8,000 systems. EVLV achieved 40% revenue growth in 2025 and raised 2026 guidance, now targeting $172–$178 million in revenue and 20–25% ARR growth. Direct fulfillment of hardware is creating near-term gross margin headwinds but increases total gross profit and revenue over contract life.