Evolv Technologies (EVLV)

Industrials · Security & Protection Services
$4.53 -1.09% on the day Market cap $803M 52-week range $4.46 to $8.81 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Evolv Technologies's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from EVLV's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation3
Profitability1
Growth9
Financial health3
Cash efficiency0

Results from SEC filings

Fiscal years, from Evolv Technologies's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$23M$53M$80M$104M$146M
Net income-$11M-$87M-$108M-$54M-$33M
Free cash flow-$74M-$99M-$82M-$68M-$18M
EPS (diluted)-$0.15-$0.60-$0.72-$0.34-$0.20
Operating margin-236.3%-195.3%-113.2%-79.2%-33.2%

Where the revenue comes from

Revenue by products, fiscal 2025. Every breakdown, year by year.

Subscription and Circulation$84M57%
Service revenue$29M20%
Product$22M15%
License fees$8M6%
Professional services and other revenue$3M2%

Superinvestors who own EVLV

From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $2M0.00%Q2 2026

Insider buying

Open-market purchases by Evolv Technologies's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.

DateInsiderSharesPriceValue
Sep 4, 2026 Richard A Shapiro
Director
13,500$4.96$66,960
Sep 4, 2026 Richard A Shapiro
Director
6,500$4.95$32,175
Sep 4, 2026 Richard A Shapiro
Director
9,000$4.98$44,820
Sep 4, 2026 Richard A Shapiro
Director
3,600$4.94$17,784
Nov 21, 2025 Kevin M Charlton
15,000$5.68$85,200
Nov 20, 2025 Richard A Shapiro
30,000$6.00$180,000
Nov 20, 2025 Richard A Shapiro
16,300$6.02$98,126

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Evolv Technologies insiders buying the stock?

7 open-market insider purchases of EVLV in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Evolv Technologies?

1 of the superinvestors Investingly tracks hold EVLV in their latest 13F, including Cliff Asness.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.