One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Evolv Technologies Holdings, Inc.
EVLV · NCM · Industrials · Security & Protection Services
Current price
$4.56
52-week range
$4.02 - $7.48
Market cap
$820.21M
Balance sheet
Healthy
-26.44x Concerning
Net cash $21.06M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
2 Risks
1 rewards · 2 risks
- Reward Revenue grew 17.5% last year.
- Risk Return on equity was -4.9% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 4.2% (peer median: 4.7%).
What this company does
Evolv Technologies Holdings, Inc.
Evolv Technologies sells advanced security screening systems that use AI to quickly check people and bags for weapons, mainly for places like sports stadiums and schools. Their money comes from selling these systems and ongoing services, which is important because it helps keep people safe by spotting threats before they become problems.
How the company got here
Evolv Technologies Holdings, Inc. was founded in 2013 with the goal of revolutionizing security screening. The company developed artificial intelligence (AI)-powered systems designed to detect threats like firearms and explosives without slowing down the flow of people. A key turning point was becoming a public company in 2021 through a merger with a special purpose acquisition company (SPAC), which provided capital for expansion. Since then, Evolv has broadened its focus beyond entertainment venues to include schools, healthcare facilities, and workplaces, aiming to offer a faster and more efficient security experience.
What it actually does
Evolv Technologies creates advanced security screening systems that use artificial intelligence (AI) to detect dangerous items like weapons and explosives. Unlike traditional metal detectors that require people to stop and empty their pockets, Evolv's technology allows individuals to walk through screening areas without significant delays. This approach aims to enhance safety while improving the experience for people entering venues, making security less intrusive and more efficient.
Evolv Express
Evolv Express is the company's flagship product, designed to screen people as they walk through it, detecting concealed weapons such as firearms, large knives, and improvised explosive devices (IEDs). It's built for high-traffic areas where maintaining a smooth flow of people is important, like the entrances to stadiums, concert halls, or large office buildings. This system is a core part of Evolv's business, aiming to provide a faster and more effective way to identify potential threats compared to older security methods.
Evolv eXpedite
Evolv eXpedite is another key product that focuses on screening bags and other items that visitors bring into venues. This system uses AI to autonomously detect weapons within bags, even in cluttered environments where bags might be stacked or mixed with other belongings. It's designed to work alongside Evolv Express, offering a more comprehensive security solution by addressing both personal screening and the screening of carried items.
Evolv Insights Analytics Application
The Evolv Insights Analytics Application is a software component that works with the company's screening hardware. It provides valuable data and insights to venue operators about how people are moving through their facilities. This includes information on visitor flow, system performance, and detection statistics. By analyzing this data, businesses can better understand crowd dynamics, optimize staffing, and improve the overall efficiency of their security operations.
What management is betting on now
Evolv's management is focused on expanding the adoption of its Evolv Express platform in key markets like schools and healthcare facilities, where safety concerns are high and large numbers of people pass through regularly. They are also working to increase the use of newer products like Evolv eXpedite for bag screening. The company is shifting towards a 'Security as a Service' model, which means customers pay a recurring fee for the use of the technology and ongoing support, aiming to create more predictable revenue and improve long-term financial performance.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
$43.75M
Net income
$-9.30M
Diluted EPS
-0.05
Operating cash flow
$11.90M
Free cash flow
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Revenue
$46.33M
Net income
$-5.01M
Diluted EPS
-0.03
Operating cash flow
$-3.18M
Free cash flow
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Revenue
$38.50M
Net income
$10.88M
Diluted EPS
0.07
Operating cash flow
$15.57M
Free cash flow
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Revenue
$42.85M
Net income
$-1.80M
Diluted EPS
-0.01
Operating cash flow
$3.52M
Free cash flow
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Revenue
$32.54M
Net income
$-40.53M
Diluted EPS
-0.25
Operating cash flow
$2.11M
Free cash flow
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Revenue
$32.01M
Net income
$-1.69M
Diluted EPS
-0.01
Operating cash flow
$-2.54M
Free cash flow
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Revenue
$29.10M
Net income
$-15.72M
Diluted EPS
-0.09
Operating cash flow
$3.20M
Free cash flow
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Revenue
$27.36M
Net income
$-30.44M
Diluted EPS
-0.19
Operating cash flow
$3.90M
Free cash flow
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Is it cheap or expensive?
Fair value — vs current price $4.56
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $21.1M - more cash than debt. Interest coverage -26.4x.
Net debt
$-21.06M
Interest coverage
-26.44x
Evolv Technologies Holdings, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
EVLV
BASELINE
Evolv Technologies Holdings, Inc.
Total debt $41.57M Interest coverage -26.44x This is the baseline the peer rows are being compared against.
Total debt $1.05B Interest coverage 8.98x This peer still has a real interest-payment cushion, while EVLV does not.
Total debt $5.14M Interest coverage 217.80x This peer still has a real interest-payment cushion, while EVLV does not.
Total debt $0.00 Interest coverage 534.32x This peer still has a real interest-payment cushion, while EVLV does not.
Total debt $5.22M Interest coverage 1.11x This peer still has a real interest-payment cushion, while EVLV does not.
Total debt $7.95M Interest coverage -868.72x Neither company has much profit cushion over interest right now.
What you should know
The case for and against EVLV
1 Reward
2 Risks
Rewards
-
Revenue grew 17.5% last year.
Risks
-
Return on equity was -4.9% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 4.2% (peer median: 4.7%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-124.35x
P/B
6.94x
P/S
4.78x
EV/EBITDA
-325.24x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
49.9%
Operating margin
-21.4%
Net margin
-3.0%
ROE
-4.9%
ROA
-5.3%
Health
Liquidity and balance-sheet strength
Debt / equity
0.35x
Current ratio
1.18x
Quick ratio
0.84x
Total debt
$41.57M
Total cash
$62.63M
Growth
How the business has been compounding
Revenue TTM
$171.44M
Revenue 5Y CAGR
57.5%
EPS TTM
-0.03
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$27.82M
Free CF TTM
$-18.32M
FCF margin
-10.7%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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