Evolv’s Q1 2026 revenue rose 44.7% year-over-year to $46.3M, exceeding expectations by $2.6M.
Evolv Technologies reported Q1 2026 revenue of $46.3M, a 44.7% increase year-over-year and $2.6M above estimates. Non-GAAP EPS matched expectations at -$0.02.
The company’s ending annual recurring revenue (ARR) reached $127.3 million, up 20% from the prior year. Net loss for the quarter was $(5.0) million, with a net profit margin of (10.8)%.
Evolv did not disclose immediate market reactions in the release.