Evolv Technologies Holdings Inc. Class A Common Stock (EVLV)

FairStock Score: 45/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for durable moats, honest earnings, and a margin of safety. Evolv sells security screening systems, but the filed numbers show a business still searching for profits. Revenue is growing: fiscal 2025 revenue was $145.9M versus $103.9M in fiscal 2024, and in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $43.8M versus $32.5M in fiscal Q2 2025. Losses are narrowing: fiscal 2025 net loss was $33.1M versus $54.0M in fiscal 2024, and fiscal Q2 2026 net loss was $9.3M versus $40.5M in fiscal Q2 2025. Still, Evolv has lost money in each of the last four years, so it does not fit Peter Lynch's categories. At the close on 2026-10-13, the price was $4.27 and market cap $773.4M. FairStock calculations show P/B of 6.47, negative P/E of -213.50, ROE of -4.94%, ROCE of -5.33%, EV/EBITDA of 30.06, Piotroski F-Score 3/9, and Altman Z-Score 0.83. The last two suggest weak financial footing. Trailing free cash flow was -$5.5M, a -0.7% FCF yield. Debt/equity of 0.35 is not alarming, and beta of 1.80 implies a volatile stock. Growth is real, but without consistent profits or positive owner earnings, I see no bargain. I would need evidence that the revenue growth converts into durable cash earnings before calling this a high-quality compounder.

In plain English: Evolv Technologies makes security screening equipment that uses AI to spot weapons and other threats at places like venues. Sales are growing and losses have become smaller, but the company still does not make a profit and does not generate positive cash flow. At the recent $4.27 close, the price looks high compared with its current profits and the value of its assets.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer