EVLV News & Events

Evolv Technology announced the implementation of its Evolv Express system at KC Live!, the signature entertainment destination within the Power & Light District in downtown Kansas City, Missouri. Evolv Express uses advanced sensor technology and AI to detect concealed threats. The system is designed to screen visitors effectively while helping minimize congestion and disruptions to traffic flow at entry points. Families and groups can enter a venue together at a normal walking pace, aiming to provide a welcoming experience that accelerates entry for guests.

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."