Evolv Technologies Holdings, Inc. (EVLV)

In the past six months, Evolv Technologies Holdings, Inc. has experienced several notable events impacting its stock price. In May 2025, the company reported strong first-quarter results for 2025, announced a partnership with Rahway Public Schools and participated in the Cowen Technology Conference. In July 2025, Evolv Express® was selected by FIFA for the inaugural FIFA Club World Cup™. In September 2025, Evolv eXpedite™ received the U.S. Department of Homeland Security (DHS) SAFETY Act Developmental Testing and Evaluation Designation, and the release of new software updates. In October 2025, the company attended the Shenzhen Security Expo. In November 2025, Evolv reported third-quarter 2025 revenue and raised its 2025 revenue outlook. The company's stock price has seen a significant increase, driven by strong quarterly results, major new contracts, and recent insider buying.

Direct information explicitly detailing the seasonality of demand for Evolv Technologies Holdings, Inc.'s products and services was not found in the search results. However, given Evolv's customer base, which includes schools, stadiums, entertainment venues, and iconic events, it is reasonable to infer potential seasonality in demand. Demand from educational institutions might align with school safety initiatives, often peaking before new academic years or in response to incidents. Similarly, demand from sports and entertainment venues could be influenced by event schedules and off-seasons.

Evolv Technologies Holdings, Inc. is a security technology company specializing in AI-driven threat detection solutions for public venues and critical infrastructure. Their core mission is to revolutionize security screening by offering a comprehensive and less intrusive approach to identifying physical threats. Major products include Evolv Express®, Evolv eXpedite™, Evolv Insights® Analytics Application, and Evolv Eva™. The company's technology is utilized by a diverse clientele, including airports, stadiums, entertainment venues, corporations, educational institutions, hospitals, and places of worship.

Evolv Technologies Holdings, Inc. is headquartered in Waltham, Massachusetts, United States. The company serves a growing market across North America and internationally, with its technology deployed in hundreds of schools, hospital buildings, and workplaces across the U.S. As of 2021, Evolv also maintained offices in Singapore and London.

Evolv Technologies Holdings, Inc.'s brand reputation in the past year has been significantly impacted by both challenges and positive developments. In late 2024, the company faced a major blow to its reputation when it disclosed an internal investigation into sales practices, leading to the announcement that financial statements from the second quarter of 2022 to the second quarter of 2024 could no longer be relied upon. Further impacting its reputation, in November 2024, the Federal Trade Commission (FTC) took action against Evolv, alleging the company made false claims about its AI-powered security screening systems' ability to detect weapons and ignore harmless items. Despite these challenges, Evolv has worked to address the issues. In March 2025, the FTC settled with Evolv, prohibiting the company from making unproven claims about its products and allowing certain K-12 school customers to cancel contracts. The company has also continued to secure new contracts and receive industry recognition.

Evolv Technologies Holdings, Inc. has a mixed ownership structure, with approximately 60.98% owned by institutional shareholders, 22.66% by insiders, and 16.36% by retail investors. Major institutional owners include Vanguard Group Inc. and BlackRock, Inc. Key individual and insider owners include Gates Frontier LLC, General Catalyst GP V LLC, William Gates, and Peter George (CEO).