Evolv Technologies Holdings, Inc. (EVLV)

Over the past six months, Evolv Technologies Holdings, Inc. stock has experienced significant movements, increasing by 58.90% from May 9, 2025, to May 8, 2026. Key events impacting the stock price include the release of fiscal fourth-quarter results with a sales beat and strong forward guidance, new customer wins and expanded partnerships, an upgrade to a "Strong Buy" rating by Zacks Research, and the launch of its "Screened by Evolv™" seal. Evolv is expected to release its Q1 2026 earnings on May 12, 2026, and will host an Investor Day on June 9, 2026.

While specific seasonal demand patterns are not explicitly detailed, the nature of Evolv's customer base suggests potential cyclicality. Demand for security screening solutions in sectors such as education, live events, and sports stadiums could be influenced by academic calendars, event seasons, and holiday periods. The company's shift towards a subscription-based model aims to generate predictable recurring revenue, which may help mitigate the impact of any seasonal variations in new deployments.

Evolv Technologies Holdings, Inc. operates in the Electronic Technology sector, providing AI-based security screening solutions. Its major products include Evolv Express, a high-throughput security screening system; Evolv eXpedite, an AI-based weapons detection system for bags; Evolv Insights, a cloud-based analytics application; and Evolv Cortex AI software platform. The company offers its products for purchase and primarily under a multi-year SaaS subscription pricing model.

Evolv Technologies Holdings, Inc. is headquartered in Waltham, Massachusetts, USA, with offices in Singapore and London. The company has over 150 customers globally and has screened more than 4 billion people worldwide, with over 1,000 Evolv units deployed.

Evolv Technologies Holdings, Inc. has cultivated a strong brand reputation as a global leader in weapons detection security screening. The company's advanced systems have screened over 4 billion people since 2019. In the past year, Evolv introduced the "Screened by Evolv™" seal and has been awarded the U.S. Department of Homeland Security (DHS) SAFETY Act Designation and the Security Industry Association (SIA) New Products and Solutions (NPS) Award.

The ownership structure of Evolv Technologies Holdings, Inc. is a mix of institutional, retail, and individual investors. Approximately 64.84% of the company's stock is owned by institutional shareholders, 22.23% by insiders, and 12.93% by retail investors. Major institutional owners include Vanguard Group Inc and BlackRock, Inc., while notable individual/insider owners include Gates Frontier LLC and General Catalyst GP V LLC.