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Evolv Technologies Holdings, Inc. (EVLV) 10-Year Financial Performance & Capital Metrics

EVLV • • Industrial / General
IndustrialsSecurity ServicesSecurity Screening & DetectionAdvanced Screening Systems
AboutEvolv Technologies Holdings, Inc. provides artificial intelligence (AI)-based touchless security screening systems. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives as visitors walk through at a normal pace; Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics; and Evolv Edge to detect non-metallic explosive devices, explosive devices, firearms, and tactical knives without requiring visitors to divest or empty their pockets. The company is headquartered in Waltham, Massachusetts.Show more
  • Revenue $104M +29.2%
  • EBITDA -$65M +17.1%
  • Net Income -$54M +49.2%
  • EPS (Diluted) -0.34 +52.1%
  • Gross Margin 57.08% +35.7%
  • EBITDA Margin -62.52% +35.8%
  • Operating Margin -79.24% +27.8%
  • Net Margin -52.01% +60.6%
  • ROE -40.93% +28.1%
  • ROIC -66.08% +45.4%
  • Debt/Equity 0.22 +2192.8%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 77.8%

✗Weaknesses

  • ✗Negative free cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y77.8%
3Y64.36%
TTM40.87%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-8.34%

EPS CAGR

10Y-
5Y-
3Y-
TTM-3.73%

ROCE

10Y Avg-80.89%
5Y Avg-72.65%
3Y Avg-36.72%
Latest-42.42%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
EVLVEvolv Technologies Holdings, Inc.1.11B6.38-18.7629.16%-43.77%-58.43%0.22

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+5.85M4.79M23.39M52.72M80.42M103.86M
Revenue Growth %--0.18%3.89%1.25%0.53%0.29%
Cost of Goods Sold+5.29M3.5M19.36M51.32M46.59M44.58M
COGS % of Revenue0.91%0.73%0.83%0.97%0.58%0.43%
Gross Profit+552K1.29M4.03M1.4M33.83M59.29M
Gross Margin %0.09%0.27%0.17%0.03%0.42%0.57%
Gross Profit Growth %-1.34%2.13%-0.65%23.16%0.75%
Operating Expenses+18.95M28.18M59.3M104.35M122.09M141.59M
OpEx % of Revenue3.24%5.89%2.53%1.98%1.52%1.36%
Selling, General & Admin10.46M12.47M44.65M84.65M97.31M117.92M
SG&A % of Revenue1.79%2.61%1.91%1.61%1.21%1.14%
Research & Development8.5M15.71M11.46M18.54M24.45M23.45M
R&D % of Revenue1.45%3.28%0.49%0.35%0.3%0.23%
Other Operating Expenses003.19M1.16M322K224K
Operating Income+-18.4M-26.9M-55.27M-102.95M-88.26M-82.31M
Operating Margin %-3.15%-5.62%-2.36%-1.95%-1.1%-0.79%
Operating Income Growth %--0.46%-1.05%-0.86%0.14%0.07%
EBITDA+-17.86M-25.83M-52.37M-97.51M-78.33M-64.93M
EBITDA Margin %-3.06%-5.4%-2.24%-1.85%-0.97%-0.63%
EBITDA Growth %--0.45%-1.03%-0.86%0.2%0.17%
D&A (Non-Cash Add-back)535K1.06M2.9M5.44M9.93M17.38M
EBIT-19.08M-26.96M-4.82M-86.08M-105.55M-54.02M
Net Interest Income+-779K-430K-6.07M2.45M5.57M2.94M
Interest Income0003.17M6.23M2.94M
Interest Expense779K430K6.07M712K654K0
Other Income/Expense-1.46M-496K44.38M16.16M-17.94M28.29M
Pretax Income+-19.86M-27.39M-10.89M-86.8M-106.2M-54.02M
Pretax Margin %-3.4%-5.72%-0.47%-1.65%-1.32%-0.52%
Income Tax+000051K0
Effective Tax Rate %1%1%1%1%1%1%
Net Income+-19.86M-27.39M-10.89M-86.8M-106.25M-54.02M
Net Margin %-3.4%-5.72%-0.47%-1.65%-1.32%-0.52%
Net Income Growth %--0.38%0.6%-6.97%-0.22%0.49%
Net Income (Continuing)-19.86M-27.39M-10.89M-86.8M-106.25M-54.02M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.15-0.20-0.16-0.30-0.71-0.34
EPS Growth %--0.33%0.2%-0.88%-1.37%0.52%
EPS (Basic)-0.15-0.20-0.17-0.30-0.71-0.34
Diluted Shares Outstanding142.26M142.26M152.39M143.86M149.17M156.57M
Basic Shares Outstanding142.26M142.26M142.64M143.86M149.17M156.57M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+20.31M10.31M331.12M292.58M175.84M121.45M
Cash & Short-Term Investments17.34M4.7M307.7M230.12M118.82M51.94M
Cash Only17.34M4.7M307.49M229.78M67.16M37.02M
Short-Term Investments00206K337K51.66M14.93M
Accounts Receivable984K1.4M7.94M34.77M26.32M29.19M
Days Sales Outstanding61.44106.87123.83240.74119.45102.58
Inventory1.36M2.74M2.89M10.26M9.51M16.96M
Days Inventory Outstanding93.56286.2854.4772.9574.48138.89
Other Current Assets100K628K2.29M4.5M5.95M7.51M
Total Non-Current Assets+4.09M11.05M31.74M55.53M122.88M146.61M
Property, Plant & Equipment3.69M9.32M23.78M46.38M114.12M137.65M
Fixed Asset Turnover1.59x0.51x0.98x1.14x0.70x0.75x
Goodwill000000
Intangible Assets00007M0
Long-Term Investments000084K376K
Other Non-Current Assets407K1.73M7.95M9.15M1.68M8.58M
Total Assets+24.4M21.36M362.86M348.12M298.72M268.06M
Asset Turnover0.24x0.22x0.06x0.15x0.27x0.39x
Asset Growth %--0.12%15.99%-0.04%-0.14%-0.1%
Total Current Liabilities+9.33M12.12M24.33M59.13M82.05M96.71M
Accounts Payable2.52M4.44M6.04M18.19M17.4M10.49M
Days Payables Outstanding173.88463.25113.94129.4136.3285.91
Short-Term Debt3.42M227K2M10M011.11M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities711K1.39M7.07M9.14M14M2.72M
Current Ratio2.18x0.85x13.61x4.95x2.14x1.26x
Quick Ratio2.03x0.62x13.49x4.78x2.03x1.08x
Cash Conversion Cycle-18.89-70.164.36184.2957.61155.57
Total Non-Current Liabilities+73.58M18.05M48.25M62M70.35M53.7M
Long-Term Debt016.43M7.95M19.68M00
Capital Lease Obligations0132K0892K012.33M
Deferred Tax Liabilities000000
Other Non-Current Liabilities73.27M1M37.83M23.73M46.54M21.11M
Total Liabilities82.91M30.16M72.58M121.13M152.4M150.41M
Total Debt+3.65M16.79M9.95M31.69M1.39M25.64M
Net Debt-13.7M12.09M-297.55M-198.09M-65.77M-11.37M
Debt / Equity--0.03x0.14x0.01x0.22x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-23.62x-62.55x-9.11x-144.59x-134.96x-
Total Equity+-58.51M-8.81M290.27M226.99M146.32M117.65M
Equity Growth %-0.85%33.95%-0.22%-0.36%-0.2%
Book Value per Share-0.41-0.061.901.580.980.75
Total Shareholders' Equity-58.51M-8.81M290.27M226.99M146.32M117.65M
Common Stock23K1K14K15K15K16K
Retained Earnings-66.49M-93.88M-105.8M-192.21M-298.46M-354.66M
Treasury Stock000000
Accumulated OCI000-10K-53K-32K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-15.18M-23.25M-56.78M-74.74M-9.8M-30.85M
Operating CF Margin %-2.6%-4.86%-2.43%-1.42%-0.12%-0.3%
Operating CF Growth %--0.53%-1.44%-0.32%0.87%-2.15%
Net Income-19.86M-27.39M-10.89M-86.8M-108.05M-54.02M
Depreciation & Amortization535K1.06M2.9M5.44M9.7M17.38M
Stock-Based Compensation264K662K9.6M22.52M24.13M24.76M
Deferred Taxes750K00000
Other Non-Cash Items498K138K-41.3M-10.63M25.37M-19.63M
Working Capital Changes2.63M2.27M-17.08M-5.28M39.05M660K
Change in Receivables-706K-464K-9.94M-18.98M5.89M-6.09M
Change in Inventory229K-1.47M-3.44M-10.63M960K-7.85M
Change in Payables-144K1.92M765K7.66M-5.96M192K
Cash from Investing+-731K-6.61M-17.59M-23.87M-123.11M-1.4M
Capital Expenditures-731K-6.61M-16.56M-21.46M-69.13M-31.19M
CapEx % of Revenue0.13%1.38%0.71%0.41%0.86%0.3%
Acquisitions------
Investments------
Other Investing00-1.03M-2.41M-3.27M-6.13M
Cash from Financing+27.79M17.23M377.83M20.51M-29.66M1.81M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing631K198K51.73M827K336K1.81M
Net Change in Cash------
Free Cash Flow+-15.91M-29.86M-74.37M-98.92M-82.47M-68.17M
FCF Margin %-2.72%-6.24%-3.18%-1.88%-1.03%-0.66%
FCF Growth %--0.88%-1.49%-0.33%0.17%0.17%
FCF per Share-0.11-0.21-0.49-0.69-0.55-0.44
FCF Conversion (FCF/Net Income)0.76x0.85x5.22x0.86x0.09x0.57x
Interest Paid281K405K850K581K710K0
Taxes Paid2K00000

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---7.74%-33.56%-56.93%-40.93%
Return on Invested Capital (ROIC)----714.34%-120.97%-66.08%
Gross Margin9.44%26.94%17.22%2.66%42.07%57.08%
Net Margin-339.67%-572.46%-46.54%-164.64%-132.13%-52.01%
Debt / Equity--0.03x0.14x0.01x0.22x
Interest Coverage-23.62x-62.55x-9.11x-144.59x-134.96x-
FCF Conversion0.76x0.85x5.22x0.86x0.09x0.57x
Revenue Growth--18.15%388.88%125.36%52.54%29.16%

Revenue by Segment

2021202220232024
Subscription and Circulation-17.57M172.27M191.57M
Subscription and Circulation Growth--880.55%11.20%
Service-5.64M67.1M69.9M
Service Growth--1089.52%4.18%
Product-31.98M26.67M10.73M
Product Growth---16.63%-59.74%
Leased Equipment-17.57M--
Leased Equipment Growth----
Professional Services-976K--
Professional Services Growth----
Subscription revenue.25.07M---
Subscription revenue. Growth----
Maintenance revenue2.51M---
Maintenance revenue Growth----
Product revenue68K---
Product revenue Growth----
Service revenue.22K---
Service revenue. Growth----

Revenue by Geography

2021202220232024
UNITED STATES-53.81M78.56M100M
UNITED STATES Growth--45.97%27.29%
Non-US-1.38M1.86M3.87M
Non-US Growth--34.93%107.84%

Frequently Asked Questions

Growth & Financials

Evolv Technologies Holdings, Inc. (EVLV) reported $136.5M in revenue for fiscal year 2024. This represents a 2235% increase from $5.8M in 2019.

Evolv Technologies Holdings, Inc. (EVLV) grew revenue by 29.2% over the past year. This is strong growth.

Evolv Technologies Holdings, Inc. (EVLV) reported a net loss of $59.7M for fiscal year 2024.

Dividend & Returns

Evolv Technologies Holdings, Inc. (EVLV) has a return on equity (ROE) of -40.9%. Negative ROE indicates the company is unprofitable.

Evolv Technologies Holdings, Inc. (EVLV) had negative free cash flow of $34.0M in fiscal year 2024, likely due to heavy capital investments.

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