Evolv Technologies(NASDAQ) EVLV

Evolv helps venues screen visitors for weapons without physical contact. Its systems use artificial intelligence to detect threats as people walk through. Schools, stadiums, and hospitals use these tools to improve safety and speed up entry.

Gadgets That Guard: Products and Services

• Evolv eXpedite: AI-based bag screening for crowded places, designed for fast, high-traffic environments.
• Evolv Insights: Analytics dashboard showing visitor flow, system performance, and alarm data for security teams.
• Evolv Edge: Detects non-metallic explosives and weapons without requiring visitors to empty pockets.
• Subscription and Services (62% subscription, 21% service in Q2 2025): Multi-year software subscriptions, maintenance, installation, and training for customers.
• License fee and other revenue (approximately 10% of Q2 2025 revenue): Revenue from distributor licensing agreements, mainly with Columbia Tech, as well as professional services and other one-time revenue.

Scaling Up: Growth and Expansion Moves

• Launched Evolv eXpedite in 2025, expanding into bag screening for layered security.
• Entered a $75 million credit agreement in July 2025 to support subscription growth.
• Expanded purchase subscription model in 2025, letting customers buy hardware outright.
• Amended and extended headquarters lease in Waltham, Massachusetts, through 2031.
• Implemented a new partner rebate program in 2025 to boost channel sales.

Why Evolv Stands Out (Without the Hype)

Evolv’s systems use artificial intelligence and sensors to screen for weapons quickly and without physical searches. Its subscription model creates recurring revenue and helps customers manage costs. The company’s technology is recognized by U.S. Homeland Security as a Qualified Anti-Terrorism Technology.

Five Things You Need to Know

• Q2 2025 revenue was $33 million, up 27.4% from Q2 2024.
• Subscription revenue made up 62% of Q2 2025 sales, growing 29% year-over-year.
• Q2 2025 gross profit was $16 million.
• Q2 2025 net loss was $41 million, compared to $3 million net income in Q2 2024.

Bottom Line

Evolv has shifted from hardware sales to a recurring subscription model, focusing on AI-driven security. The company continues to expand its product line and customer base while addressing operational and legal challenges.