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Jun 30
Evolv Q2 2025 Earnings Report
Evolv Technology reported its second quarter financial results for the period ended June 30, 2025, showcasing strong revenue growth and improved profitability.
Key Takeaways
Evolv Technology delivered a strong second quarter in 2025, with total revenue increasing by 29% year-over-year to $32.5 million. The company achieved positive Adjusted EBITDA of $2.0 million and significantly improved its cash flow from operations. Despite a net loss, Evolv raised its full-year revenue growth outlook, reflecting confidence in its AI-based security solutions and continued market trust.
Total revenue for Q2 2025 reached $32.5 million, marking a 29% increase compared to the same period last year.
Annual Recurring Revenue (ARR) grew by 27% year-over-year, ending the quarter at $110.5 million.
Adjusted EBITDA was positive at $2.0 million, a significant improvement from a loss of $(8.0) million in Q2 2024.
The company raised its full-year 2025 revenue growth outlook to 27%-30%, expecting total revenues between $132 million and $135 million.
Evolv
Evolv
Evolv Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.comSubscription Revenue
CapyFin.comService Revenue
CapyFin.comLicense Fee and Other Revenue
CapyFin.comRecurring Revenue
CapyFin.comNon-Recurring Revenue
CapyFin.com Forward Guidance
Evolv Technology has raised its full-year 2025 revenue outlook and expects to achieve positive Adjusted EBITDA for the full year, with cash flow positivity in the fourth quarter.
Positive Outlook
- Total revenues for 2025 are expected to be between $132 million and $135 million, an increase from previous guidance.
- Revenue growth rate for 2025 is projected to be 27% to 30%, up from 20%-25%.
- The company expects to deliver positive full-year Adjusted EBITDA in 2025.
- Adjusted EBITDA margins are anticipated to be in the mid-single digits for the full year.
- Evolv expects to be cash flow positive in the fourth quarter of 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income