Q4 2025 Evolv Technologies Holdings Inc Earnings Call Transcript
Key Points
- Evolv Technologies Holdings Inc (EVLV) reported a 32% year-over-year increase in Q4 revenue, reaching $38.5 million.
- The company achieved a 40% year-over-year growth in full-year revenue, totaling $145.9 million.
- Evolv Technologies Holdings Inc (EVLV) ended 2025 with an annual recurring revenue (ARR) of $120.5 million, reflecting a 21% growth year-over-year.
- The company reported its fifth consecutive quarter of positive adjusted EBITDA, with a margin of 4.7% in Q4 and 7.6% for the full year.
- Evolv Technologies Holdings Inc (EVLV) added over 60 new customers in Q4, bringing the total to over 1,200 customers globally.
- Adjusted gross margin decreased to 50% in Q4 from 62% in the same period last year.
- Subscription revenue was modestly lower due to the timing of a short-term subscription contract.
- The company experienced a decline in license fee and other revenue as it transitioned away from its legacy distributor licensing model.
- Service gross margins declined by about 900 basis points sequentially.
- The company accrued approximately $1 million for a targeted parts upgrade and proactive field service work, impacting gross margins.
Good afternoon, and welcome to the Evolv Technology fourth-quarter earnings results conference call. (Operator Instructions) As a reminder, this conference call is being recorded.
I would now like to introduce your host for today's call, Brian Norris, Senior Vice President of Finance and Investor Relations for Evolv Technology. Please go ahead, sir.
Thank you, operator, and good afternoon, everybody. Welcome to today's call. I'm joined by John Kedzierski, our President and Chief Executive Officer; and Chris Kutsor, our Chief Financial Officer.
Earlier today, after the market closed, we issued a press release detailing our fourth quarter results and our 2026 outlook. The release is filed with the SEC and available on the Investor Relations section of our website. During today's call, we will make forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
These
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
