Evolv Technology Reports Second Quarter Financial Results

Evolv Technology (NASDAQ: EVLV) reported strong Q2 2025 financial results, with revenue reaching $32.5 million, up 29% year-over-year. The company's Annual Recurring Revenue (ARR) grew 27% to $110.5 million. Despite posting a net loss of $(40.5) million, Evolv achieved positive Adjusted EBITDA of $2.0 million and improved operating cash flow to $2.1 million.The AI-based security technology company surpassed 1,000 customers and has screened over 3 billion visitors to date. Based on strong performance, Evolv raised its 2025 revenue growth outlook to 27-30%, expecting total revenues between $132-135 million. The company projects positive full-year Adjusted EBITDA with mid-single-digit margins and anticipates becoming cash flow positive in Q4 2025.