Business Wire·Nov 10, 2026, 4:05 PM ET

Evolv Technology Reports Third Quarter Financial Results

Evolv Technologies reported Q3 2026 revenue of $47.3 million, a 10% increase year-over-year.
Q3 2026 ending Annual Recurring Revenue (ARR) reached $140.5 million, representing a 20% year-over-year growth.
The company recorded a net loss of $(15.6) million for the quarter with a net profit margin of (32.9)%.
Q3 2026 Adjusted EBITDA was $4.7 million, yielding an Adjusted EBITDA margin of 10.0%.
Total cash, cash equivalents, marketable securities, and restricted cash stood at $66.9 million as of September 30, 2026.
Remaining Performance Obligations (RPO) were $325.8 million, an increase of $13.2 million from the prior quarter.
For the first nine months of 2026, total revenue was $137.4 million, up 28% compared to the same period in 2025.
The company expects full-year 2026 revenue to fall between $182 million and $185 million.
Evolv forecasts ending ARR for 2026 to range from $148 million to $150 million.
Projected Adjusted EBITDA for 2026 is between $15.5 million and $16.5 million with high single-digit margins.
CEO John Kedzierski stated that revenue growth is expected to approach a 25% compound annual growth rate (CAGR) through 2031.
A live conference call to discuss these results was scheduled for 4:30 p.m. Eastern Time on November 10, 2026.