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Evolv Technologies Valuation Multiples

Discover revenue and EBITDA valuation multiples for Evolv Technologies and similar public comparables like Nedap, Signify, and Besi.

Evolv Technologies Overview

About Evolv Technologies

Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase under a multi-year security-as-a-service subscription pricing model that delivers ongoing value to customers, generates predictable revenue, and creates expansion and upsell opportunities. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.


Founded

2020

HQ

United States of America
Employees

287

Financials

LTM Revenue $114M

LTM EBITDA -$10.8M

EV

$872M

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Evolv Technologies Financials

Evolv Technologies has a last 12-month revenue (LTM) of $114M and a last 12-month EBITDA of -$10.8M.

In the most recent fiscal year, Evolv Technologies achieved revenue of $104M and an EBITDA of -$36.6M.

Evolv Technologies expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Evolv Technologies P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $114M XXX $104M XXX XXX XXX
Gross Profit $67.1M XXX $59.3M XXX XXX XXX
Gross Margin 59% XXX 57% XXX XXX XXX
EBITDA -$10.8M XXX -$36.6M XXX XXX XXX
EBITDA Margin -9% XXX -35% XXX XXX XXX
EBIT -$59.7M XXX -$82.1M XXX XXX XXX
EBIT Margin -52% XXX -79% XXX XXX XXX
Net Profit -$46.0M XXX -$54.0M XXX XXX XXX
Net Margin -40% XXX -52% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

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Evolv Technologies Stock Performance

As of May 30, 2025, Evolv Technologies's stock price is $5.

Evolv Technologies has current market cap of $893M, and EV of $872M.

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Evolv Technologies Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$872M $893M XXX XXX XXX XXX $-0.20

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Evolv Technologies Valuation Multiples

As of May 30, 2025, Evolv Technologies has market cap of $893M and EV of $872M.

Evolv Technologies's trades at 8.4x EV/Revenue multiple, and -23.8x EV/EBITDA.

Equity research analysts estimate Evolv Technologies's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Evolv Technologies has a P/E ratio of -19.4x.

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Evolv Technologies Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $893M XXX $893M XXX XXX XXX
EV (current) $872M XXX $872M XXX XXX XXX
EV/Revenue 7.6x XXX 8.4x XXX XXX XXX
EV/EBITDA -80.9x XXX -23.8x XXX XXX XXX
EV/EBIT -14.6x XXX -10.6x XXX XXX XXX
EV/Gross Profit 13.0x XXX n/a XXX XXX XXX
P/E -19.4x XXX -16.5x XXX XXX XXX
EV/FCF -18.8x XXX -12.8x XXX XXX XXX

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Evolv Technologies Margins & Growth Rates

Evolv Technologies's last 12 month revenue growth is 22%

Evolv Technologies's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.5M for the same period.

Evolv Technologies's rule of 40 is -97% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Evolv Technologies's rule of X is 44% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Evolv Technologies Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 22% XXX 21% XXX XXX XXX
EBITDA Margin -9% XXX -35% XXX XXX XXX
EBITDA Growth -159% XXX n/a XXX XXX XXX
Rule of 40 -97% XXX -14% XXX XXX XXX
Bessemer Rule of X XXX XXX 44% XXX XXX XXX
Revenue per Employee XXX XXX $0.4M XXX XXX XXX
Opex per Employee XXX XXX $0.5M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 59% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 23% XXX XXX XXX
Opex to Revenue XXX XXX 136% XXX XXX XXX

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Evolv Technologies Public Comps

See public comps and valuation multiples for Electronic Equipment and Sensors & Instruments comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
ASML XXX XXX XXX XXX XXX XXX
Besi XXX XXX XXX XXX XXX XXX
Signify XXX XXX XXX XXX XXX XXX
Nedap XXX XXX XXX XXX XXX XXX
TKH Group XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Evolv Technologies M&A and Investment Activity

Evolv Technologies acquired  XXX companies to date.

Last acquisition by Evolv Technologies was  XXXXXXXX, XXXXX XXXXX XXXXXX . Evolv Technologies acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Evolv Technologies

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Evolv Technologies

When was Evolv Technologies founded? Evolv Technologies was founded in 2020.
Where is Evolv Technologies headquartered? Evolv Technologies is headquartered in United States of America.
How many employees does Evolv Technologies have? As of today, Evolv Technologies has 287 employees.
Who is the CEO of Evolv Technologies? Evolv Technologies's CEO is Mr. John Kedzierski.
Is Evolv Technologies publicy listed? Yes, Evolv Technologies is a public company listed on NAS.
What is the stock symbol of Evolv Technologies? Evolv Technologies trades under EVLV ticker.
When did Evolv Technologies go public? Evolv Technologies went public in 2021.
Who are competitors of Evolv Technologies? Similar companies to Evolv Technologies include e.g. ASML, Besi, Signify, Nedap.
What is the current market cap of Evolv Technologies? Evolv Technologies's current market cap is $893M
What is the current revenue of Evolv Technologies? Evolv Technologies's last 12 months revenue is $114M.
What is the current revenue growth of Evolv Technologies? Evolv Technologies revenue growth (NTM/LTM) is 22%.
What is the current EV/Revenue multiple of Evolv Technologies? Current revenue multiple of Evolv Technologies is 7.6x.
Is Evolv Technologies profitable? Yes, Evolv Technologies is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Evolv Technologies? Evolv Technologies's last 12 months EBITDA is -$10.8M.
What is Evolv Technologies's EBITDA margin? Evolv Technologies's last 12 months EBITDA margin is -9%.
What is the current EV/EBITDA multiple of Evolv Technologies? Current EBITDA multiple of Evolv Technologies is -80.9x.
What is the current FCF of Evolv Technologies? Evolv Technologies's last 12 months FCF is -$46.4M.
What is Evolv Technologies's FCF margin? Evolv Technologies's last 12 months FCF margin is -41%.
What is the current EV/FCF multiple of Evolv Technologies? Current FCF multiple of Evolv Technologies is -18.8x.

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