Evolv Technologies combines industry-leading revenue growth with a favorable risk/reward asymmetry, but a quality-floor breach, a still-below-200-day-MA downtrend, and notable insider selling temper the setup.
Thesis pillars
- Quality Floor Breach→Stable
- Strong Growth And Favorable Asymmetry→Stable
- Confirmed Downtrend Recovering→Stable
- +2 more pillars — see the Why tab for full reasoning
Evolv Technologies Holdings, In (EVLV) Stock Analysis
Recovery setup · Inst Constrain edge
Industrials · Security & Protection Services
Sell if holding. Engine safety override at $6.00: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10 and A.R:R 2.9:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 2.62; Below-average business quality; Negative price momentum.
Evolv Technologies is a security technology company that sells AI-powered weapons-detection screening systems (Evolv Express for people, Evolv eXpedite for bags) under a Security-as-a-Service subscription model to schools, healthcare facilities, stadiums, and other venues, with... Read more
Sell if holding. Engine safety override at $6.00: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10 and A.R:R 2.9:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 2.62; Below-average business quality; Negative price momentum. Chart setup: Death cross but MACD improving, RSI 53. Score 5.9/10, moderate confidence.
Passes 6/9 gates (favorable risk/reward ratio, no SEC red flags, news events none recent, earnings proximity 35d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: aggressive.
About Evolv Technologies Holdings, In
About Evolv Technologies Holdings, In
Evolv Technologies sells AI-powered weapons-detection screening systems — Evolv Express for people and Evolv eXpedite for bags — under a multi-year Security-as-a-Service subscription model to schools, hospitals, sports venues, and other high-traffic facilities, with its products screening more than four billion visitors since Express launched in 2019. One reseller customer accounted for more than 10% of total revenue in both 2025 and 2024, and nearly all of Evolv's hardware is currently built by a single contract manufacturer, Columbia Tech.
Evolv's revenue is recurring and subscription-based: customers either lease hardware under a 'pure subscription' model or buy it outright under a 'purchase subscription' model, both bundled with a typically four-year Security-as-a-Service contract covering software updates, cloud analytics (Evolv Insights), and onsite support, so a substantial portion of revenue is recognized ratably over the contract term rather than at the time of sale. Distribution runs through a direct sales force plus a global network of value-added resellers, and one reseller alone represented more than 10% of total revenue in both 2025 and 2024. Manufacturing is concentrated: Columbia Tech currently manufactures, assembles, tests, and packages all of Evolv's systems, though the company signed a non-exclusive agreement with Plexus Corp in November 2025 to begin diversifying its contract-manufacturing base, and a separate Massachusetts/U.K.-based manufacturer serves as second source for a key sensor component.
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Evolv's single point of production failure sits with one contract manufacturer: the 10-K states plainly that all its systems are currently manufactured, assembled, tested, and packaged by Columbia Tech, even though several potential alternative manufacturers exist for most products. The November 2025 Plexus Corp agreement is explicitly framed as a diversification step rather than a completed fix, and the company cautions that onboarding risks could offset any expected cost or margin benefit before the transition is complete. That concentration compounds an unrelated customer-side risk — a single reseller supplying more than 10% of revenue in each of the last two years — meaning Evolv's near-term financial results hinge on both ends of its value chain holding steady simultaneously.
See also: Industrials · Security & Protection Services
From Evolv Technologies Holdings, In's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-07-08Recent Developments — Evolv Technologies Holdings, In
Latest news
- NEWS 12 Information Technology Stocks Moving In Tuesday's After-Market Session — benzinga Jul 7, 2026 neutral
- NEWS Evolv Technologies Signs Multi-Year Renewal Of Its Hardware And Software Subscription Agreement With TD Garden; Terms No — benzinga Jul 1, 2026 positive
Generated 2026-07-08T23:03:58Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHSupplierColumbia Tech (contract manufacturer)10-K Item 1A: 'all our systems are currently manufactured, assembled, tested, and packaged by Columbia Tech'
- LOWCustomersingle reseller customer10-K Item 1: 'One customer, which is a reseller of our products, accounted for more than 10% of our total revenue for both years ended December 31, 2025 and the year ended December 31, 2024.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Unprofitable operations — net margin -22.8%. Quality floor flags this regardless of sector context.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $6.00: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10 and A.R:R 2.9:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 2.62; Below-average business quality; Negative price momentum. Chart setup: Death cross but MACD improving, RSI 53. Prior stop was $5.63. Score 5.9/10, moderate confidence.
Take-profit target: $8.61 (+42.3% upside). Prior stop was $5.63. Stop-loss: $5.63.
Concentration risk — Supplier: Columbia Tech (contract manufacturer); Quality below floor (3.0 < 4.0).
Evolv Technologies Holdings, In trades at a P/E of N/A (forward -212.7). TrendMatrix value score: 7.6/10. Verdict: Sell.
10 analysts cover EVLV with a consensus score of 4.1/5. Average price target: $10.
What does Evolv Technologies Holdings, In do?Evolv Technologies is a security technology company that sells AI-powered weapons-detection screening systems (Evolv...
Evolv Technologies is a security technology company that sells AI-powered weapons-detection screening systems (Evolv Express for people, Evolv eXpedite for bags) under a Security-as-a-Service subscription model to schools, healthcare facilities, stadiums, and other venues, with products having screened over four billion visitors since 2019. The company depends on a single contract manufacturer, Columbia Tech, for all of its systems (a second manufacturer, Plexus Corp, was added in November 2025 to diversify), and one reseller customer accounted for more than 10% of total revenue in both 2025 a