Is EVLV a good stock to buy right now?

Based on our 6-factor quantitative model, Evolv Technologies Holdings, Inc. (EVLV) receives a "Reduce" rating with a composite score of 32.9/100. It is ranked #2,913 out of 4,446 stocks. Key factor scores: Quality 27/100, Value 29/100, Momentum 49/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for EVLV?

Evolv Technologies Holdings, Inc. (EVLV) has a "Reduce" rating and 2-star score. The composite score of 32.9 ranks it #2,913 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is EVLV in?

Evolv Technologies Holdings, Inc. operates in the Technology sector (Computer Hardware industry) with a market cap of $1.08 billion. It is classified as a small-cap stock.

Does EVLV pay a dividend?

EVLV does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is EVLV's P/E ratio?

P/E ratio data is not currently available for EVLV, which may indicate the company is not yet profitable.

How profitable is EVLV?

EVLV's quality factor score is 27/100. Gross margin: 54.3%. ROE: -62.4% vs sector average -1.4%. High margins suggest pricing power and competitive moats.

How is EVLV valued compared to peers?

EVLV's value factor score is 29/100 (higher = cheaper). Key multiples: , EV/EBITDA 66.2x. Trading at a premium relative to peers.

What is EVLV's debt level?

EVLV's debt-to-equity ratio is 24%. Sector average: 43%. Low leverage suggests conservative financial management.

EVLV has a beta of 1.13, meaning it tracks the market. Stability score: 38/100.

Does EVLV have high short interest?

EVLV's short interest factor score is 24/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

EVLV Stock Analysis: Top Small-Cap Reduce (Score 32.9/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
EVLV	-2.30%	-1.16%	+13.52%	-16.76%	+86.25%	-	-	-
Industry Proxy XLK	+0.39%	+4.88%	+2.05%	-0.94%	-26.62%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-2.23%	-4.76%	+13.19%	-16.40%	+56.73%	-	-	-
Alpha vs Sector	-2.68%	-6.04%	+11.48%	-15.82%	+112.87%	-	-	-

Metric	EVLV	Benchmark
P/E Ratio	-14.7x	-132%
EV/EBITDA	66.2x	+417%
Price / Book	9.2x	+190%

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
VRSN VERISIGN INC/CA	56	79	59	40	30.7x	-41.1%	88.0%	50.6%	8.3%	-87.0x	$23.0B	VS
IHS IHS Holding Ltd	55	42	63	63	-	-616.0%	48.0%	-96.1%	-	365.0x	$2.8B	VS
LHX L3HARRIS TECHNOLOGIES, INC. /DE/	55	50	52	66	37.5x	9.0%	25.5%	8.1%	10.3%	110.0x	$66.1B	VS
ESP ESPEY MFG & ELECTRONICS CORP	53	48	44	71	25.8x	12.8%	29.0%	17.1%	-11.7%	66.0x	$169M	VS
NYAX Nayax Ltd.	52	38	46	78	-	-13.6%	44.6%	-1.8%	-	30.0x	$2.2B	VS
ESE ESCO TECHNOLOGIES INC	52	49	40	69	65.6x	7.4%	40.8%	10.4%	16.3%	9.0x	$7.6B	VS
INTT INTEST CORP	52	50	32	72	-	-3.2%	43.1%	-3.1%	-22.8%	46.0x	$179M	VS
KARO Karooooo Ltd.	49	50	72	53	-	117.1%	69.5%	20.3%	-	10.0x	$1.6B	VS
MTC MMTec, Inc.	47	32	40	96	-	-1,370.8%	81.6%	-4,879.7%	-	120.0x	$136M	VS
CCLD CareCloud, Inc.	47	38	71	60	12.4x	18.5%	48.0%	9.6%	10.6%	47.0x	$154M	VS
EVLV Evolv Technologies Holdings, Inc.	33	27	29	49	-	-62.4%	54.3%	-61.3%	69.9%	24.0x	$1.1B

Key Ratio	TTM	2025	2024	2023	2022	2021	2020
Gross Margin %	0.5%	0.5%	0.6%	0.4%	0.0%	0.3%	0.3%
Operating Margin %	-0.5%	-0.3%	-0.8%	-1.1%	-1.9%	-2.3%	-5.6%
EBITDA Margin %	-0.4%	-0.3%	-0.8%	-1.1%	-1.9%	-2.3%	-5.4%
Net Margin %	-0.6%	-0.2%	-0.5%	-1.3%	-1.6%	-0.5%	-5.7%
FCF Margin %	-5.8%	-	-	-	-	-	-624.1%
ROE %	-0.6%	-0.3%	-0.5%	-0.7%	-0.4%	-0.0%	-5.5%
ROA %	-0.2%	-0.1%	-0.2%	-0.4%	-0.2%	-0.0%	-0.2%
ROIC %	-0.3%	-25.9%	-55.3%	-47.7%	-31.6%	-14.2%	-105.7%

Line Item	TTM	2025	2024	2023	2022	2021	2020
	$135M	$146M	$104M	$80M	$55M	$24M	$5M
	—	$71M	$45M	$47M	$53M	$17M	—
	$72M	$75M	$59M	$34M	$2M	$7M	$1M
Gross Margin	54.3%	51.6%	57.1%	42.1%	3.1%	28.0%	26.9%
	—	$21M	$23M	$24M	$19M	$11M	$16M
Depreciation	—	—	—	—	—	—	$1M
Total Operating Expenses	—	$124M	$142M	$122M	$104M	$61M	—
	-$60M	-$48M	-$82M	-$88M	-$103M	-$54M	-$27M
EBIT	-$60M	-$48M	-$82M	-$88M	-$103M	-$54M	-$27M
EBITDA	-$60M	-$48M	-$82M	-$88M	-$103M	-$54M	-$26M
Operating Margin	-47.2%	-33.2%	-79.2%	-109.7%	-185.8%	-228.2%	-562.1%
EBITDA Margin	-44.3%	-33.2%	-79.2%	-109.8%	-185.8%	-228.2%	-539.8%
	—	—	—	$654K	$712K	$6M	$496K
	—	-$33M	-$54M	-$106M	-$86M	-$11M	—
Income Tax Expense	—	$62K	$0	$51K	$0	$0	—
	-$74M	-$33M	-$54M	-$106M	-$86M	-$11M	-$27M
Net Margin	-61.3%	-22.7%	-52.0%	-132.1%	-156.5%	-45.8%	-572.5%
	$-0.20	$-0.20	$-0.34	$-0.71	$-0.60	$-0.15	$-3.07
Diluted EPS	$-0.20	$-0.20	$-0.34	$-0.71	$-0.60	$-0.15	$-3.07
Weighted Avg Basic	—	168M	157M	149M	144M	72M	—
Weighted Avg Diluted	—	168M	157M	149M	144M	72M	—

Evolv Technologies Holdings, Inc. (EVLV) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does Evolv Technologies Holdings, Inc. Do?

Evolv 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. Evolv Technologies Holdings, Inc. (EVLV) is classified as a small-cap stock in the Technology sector, specifically within the Computer Hardware industry. The company is led by CEO Peter G. George and employs approximately 170 people. With a market capitalization of $1.1B, EVLV is one of the notable companies in the Technology sector.

Evolv Technologies Holdings, Inc. (EVLV) Stock Rating — Reduce (April 2026)

As of April 2026, Evolv Technologies Holdings, Inc. receives a Reduce rating with a composite score of 32.9/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.EVLV ranks #2,913 out of 4,446 stocks in our coverage universe. Within the Technology sector, Evolv Technologies Holdings, Inc. ranks #328 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

EVLV Stock Price and 52-Week Range

Evolv Technologies Holdings, Inc. (EVLV) currently trades at $6.00. The stock lost $0.10 (1.6%) in the most recent trading session. The 52-week high for EVLV is $8.91, which means the stock is currently trading -32.7% from its annual peak. The 52-week low is $2.64, putting the stock 127.3% above its annual trough. Recent trading volume was 2.6M shares, reflecting moderate market activity.

Is EVLV Overvalued or Undervalued? — Valuation Analysis

Evolv Technologies Holdings, Inc. (EVLV) carries a value factor score of 29/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 9.15x, versus the sector average of 3.16x. The price-to-sales ratio is 8.11x, compared to 1.06x for the average Technology stock. On an enterprise value basis, EVLV trades at 66.15x EV/EBITDA, versus 12.79x for the sector.

At current multiples, Evolv Technologies Holdings, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

Evolv Technologies Holdings, Inc. Profitability — ROE, Margins, and Quality Score

Evolv Technologies Holdings, Inc. (EVLV) earns a quality factor score of 27/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -62.4%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -24.5% versus the sector average of -1.0%.

On a margin basis, Evolv Technologies Holdings, Inc. reports gross margins of 54.3%, compared to 50.9% for the sector. The operating margin is -47.2% (sector: -0.5%). Net profit margin stands at -61.3%, versus -1.5% for the average Technology stock. Revenue growth is running at 69.9% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

EVLV Debt, Balance Sheet, and Financial Health

Evolv Technologies Holdings, Inc. has a debt-to-equity ratio of 24.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.23x, suggesting adequate working capital coverage. Total debt on the balance sheet is $29M. Cash and equivalents stand at $32M.

EVLV has a beta of 1.13, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Evolv Technologies Holdings, Inc. is 38/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Evolv Technologies Holdings, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Evolv Technologies Holdings, Inc. reported revenue of $135M and earnings per share (EPS) of $-0.20. Net income for the quarter was $-74M. Gross margin was 54.3%. Operating income came in at $-60M.

In FY 2025, Evolv Technologies Holdings, Inc. reported revenue of $146M and earnings per share (EPS) of $-0.20. Net income for the quarter was $-33M. Gross margin was 51.6%. Revenue grew 40.5% year-over-year compared to FY 2024. Operating income came in at $-48M.

In Q3 2025, Evolv Technologies Holdings, Inc. reported revenue of $43M and earnings per share (EPS) of $-0.01. Net income for the quarter was $-2M. Gross margin was 49.7%. Revenue grew 56.6% year-over-year compared to Q3 2024. Operating income came in at $-9M.

In Q2 2025, Evolv Technologies Holdings, Inc. reported revenue of $33M and earnings per share (EPS) of $-0.25. Net income for the quarter was $-41M. Gross margin was 49.8%. Revenue grew 29.0% year-over-year compared to Q2 2024. Operating income came in at $-17M.

Over the past 8 quarters, Evolv Technologies Holdings, Inc. has demonstrated a growth trajectory, with revenue expanding from $25M to $135M. Investors analyzing EVLV stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

EVLV Dividend Yield and Income Analysis

Evolv Technologies Holdings, Inc. (EVLV) does not currently pay a dividend. This is common among smaller companies in the Computer Hardware industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

EVLV Momentum and Technical Analysis Profile

Evolv Technologies Holdings, Inc. (EVLV) has a momentum factor score of 49/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 24/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

EVLV vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, Evolv Technologies Holdings, Inc. (EVLV) ranks #328 out of 584 stocks based on the Blank Capital composite score. This places EVLV in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing EVLV against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full EVLV vs S&P 500 (SPY) comparison to assess how Evolv Technologies Holdings, Inc. stacks up against the broader market across all factor dimensions.

EVLV Next Earnings Date

No upcoming earnings date has been announced for Evolv Technologies Holdings, Inc. (EVLV) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy EVLV? — Investment Thesis Summary

The quantitative profile for Evolv Technologies Holdings, Inc. suggests caution. The quality score of 27/100 flags below-average profitability. The value score of 29/100 indicates premium valuation. High volatility (stability score 38/100) increases portfolio risk.

In summary, Evolv Technologies Holdings, Inc. (EVLV) earns a Reduce rating with a composite score of 32.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on EVLV stock.

Related Resources for EVLV Investors

Explore more research and tools: EVLV vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare EVLV head-to-head with peers: EVLV vs IHS, EVLV vs VRSN, EVLV vs ESE.

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Evolv Technologies Holdings, Inc. (EVLV) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does Evolv Technologies Holdings, Inc. Do?

Evolv Technologies Holdings, Inc. (EVLV) Stock Rating — Reduce (April 2026)

EVLV Stock Price and 52-Week Range

Is EVLV Overvalued or Undervalued? — Valuation Analysis

Evolv Technologies Holdings, Inc. Profitability — ROE, Margins, and Quality Score

EVLV Debt, Balance Sheet, and Financial Health

Evolv Technologies Holdings, Inc. Revenue and Earnings History — Quarterly Trend

EVLV Dividend Yield and Income Analysis

EVLV Momentum and Technical Analysis Profile

EVLV vs Competitors — Technology Sector Ranking and Peer Comparison

EVLV Next Earnings Date

Should You Buy EVLV? — Investment Thesis Summary

Related Resources for EVLV Investors

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