Evolv Technologies Holdings, Inc. (EVLV)

Over the past six months, Evolv Technologies Holdings, Inc. experienced several notable events impacting its stock price. In November 2025, the company reported its third-quarter earnings, beating revenue forecasts, and announced a strategic contract manufacturing partnership with Plexus Corp. In December 2025, Evolv's AI-based security screening system was deployed at Pechanga Arena San Diego. In January 2026, the company's CEO sold shares to cover taxes. The stock has shown a 35.89% change over the past year, with a 52-week range between $2.64 and $8.91, and a closing stock price of $5.28 as of February 5, 2026.

There appears to be some seasonality in the demand for Evolv Technologies Holdings, Inc.'s products and services. The company's gross margin in Q1 2025 was lower year-over-year due to a seasonal hardware revenue mix. Historically, a seasonal timeframe between May 10 and August 13 has shown positive results for the stock.

Evolv Technologies Holdings, Inc. specializes in AI-based weapons detection solutions, operating within the technology sector, focusing on AI and security. Their business model is primarily a Security-as-a-Service (SaaS) subscription model. Key products include Evolv Express, which detects firearms and explosives, Evolv eXpedite, an autonomous AI-based weapons detection system, and Evolv Insights, a software analytics dashboard. Evolv Technologies serves diverse industries, including education, healthcare, sports, entertainment venues, tourist destinations, workplaces, and houses of worship.

Evolv Technologies Holdings, Inc. operates in the United States and internationally, with its headquarters in Waltham, Massachusetts, USA.

In the past year, Evolv Technologies Holdings, Inc.'s brand reputation was significantly impacted by an FTC inquiry in November 2024. The FTC took action against Evolv for deceiving users about its AI-powered security screen systems, documenting that the technology was found to be imperfect. Evolv was prohibited from making misrepresentations about its performance, and 65 affected schools were given the option to opt out of their contracts.

Evolv Technologies Holdings, Inc. has a mixed ownership structure comprising institutional, retail, and individual investors. Approximately 23.01% of the company's stock is owned by institutional investors, 12.59% by insiders, and 64.41% by public companies and individual investors. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., Data Collective IV GP, LLC, Millennium Management Llc, Vanguard Total Stock Market Index Fund Investor Shares (VTSMX), Driehaus Capital Management Llc, Key Colony Management, LLC, SCS Capital Management LLC, Geode Capital Management, Llc, and Citadel Advisors Llc.