Evolv Technology Reports Third Quarter Financial Results
Business Wire•10/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $47.3 million, up 10% year-over-year
- ➤Q3 ending ARR $140.5 million, up 20% year-over-year
- ➤2026 revenue outlook raised to $182 million-$185 million
- ➤2026 Adjusted EBITDA outlook raised to $15.5 million-$16.5 million
- ➤Q3 net loss widened to $15.6 million from $1.8 million
Expert Statements
John Kedzierski, President and Chief Executive Officer of Evolv Technology
“Our third-quarter results reflect the significant progress we have made building a stronger, more scalable and increasingly predictable business”
John Kedzierski, President and Chief Executive Officer of Evolv Technology
“We delivered double-digit revenue growth, with ARR growing faster than revenue, against a challenging prior-year comparison, as last year's results included the largest contract in our history.”
John Kedzierski, President and Chief Executive Officer of Evolv Technology
“We expanded our recurring revenue base and strengthened our renewal and expansion motion highlighted by strong net revenue retention in the quarter.”
John Kedzierski, President and Chief Executive Officer of Evolv Technology
“That progress, combined with the investments we are making in sales capacity and product innovation, gives us increasing confidence in the path ahead for 2027 and in the long-term model we outlined at Investor Day, with revenue growth expected to ramp toward an approximately 25% CAGR through 2031.”
Q3'26 Ending ARR(1) of $140.5 million, up 20% year-over-year
Q3'26 Net Loss of $(15.6) million, with Net Profit Margin of (32.9)%
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