EVLV News & Events

Evolv announced that it has renewed and expanded its subscription agreement with the Houston Astros, a Major League Baseball team. Under the new agreement, which builds on an original partnership initiated in 2023, the Astros are upgrading their Express fleet to the latest Evolv Express Gen2 hardware. These systems are deployed venue-wide at Daikin Park, the team's 41,000-seat stadium in downtown Houston, TX, and provide entry screening for all guests and ballpark staff.

Evolv announced that it has renewed its Evolv Express subscription agreement with the National Football League's Tennessee Titans. The renewal will update Nissan Stadium's 17 systems to Express Gen2, the latest version of the company's flagship product, and covers all of the stadium's public entrances.

Consensus $164.9M. The company "expects total revenues in 2026 to be between $172 to $178 million, reflecting growth of approximately 18% to 22% year-over-year. The Company expects ending ARR at December 31, 2026 to increase to approximately $145 to $150 million, reflecting growth of approximately 20% to 25% year-over-year. The Company continues to expect ARR growth to exceed total revenue growth as previously disclosed changes to the Company's selling model and pricing continue to reshape contractual revenue recognition toward a higher mix of recurring revenue and reduced one-time revenue. The Company currently expects approximately 50% of the Company's new unit deployments in 2026 to be delivered under the Company's pure subscription model, with the remaining 50% deployed through the Company's purchase-subscription model. The Company expects to deliver positive full year Adjusted EBITDA1 in 2026 with Adjusted EBITDA1 margins in the high single digits."

Reports Q4 revenue $38.5M, consensus $36.4M. "We are pleased to be reporting solid fourth quarter results, which capped a year of significant improvement across the Company," said John Kedzierski, CEO. "We continue to deliver advanced weapons screening capabilities at scale for more than 1,200 customers worldwide through a tightly integrated platform that combines proprietary hardware, real-world visitor data sets, and AI-driven software, delivered via long-term subscriptions that foster durable customer relationships and high-quality recurring revenue. Looking ahead, we believe AI-based weapons screening will continue to become increasingly prevalent, and we look forward to capitalizing on this still-nascent market opportunity to help make the world a safer place to live, work, learn, and play."