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Evolv Technologies Valuation Multiples

Discover revenue and EBITDA valuation multiples for Evolv Technologies and similar public comparables like TKH Group, Nedap, and ASML.

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 advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase and primarily 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

293

Financials

LTM Revenue $108M

LTM EBITDA -$23.7M

EV

$488M

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Evolv Technologies Financials

Evolv Technologies has a last 12-month revenue of $108M and a last 12-month EBITDA of -$23.7M.

In the most recent fiscal year, Evolv Technologies achieved revenue of $80.4M and an EBITDA of -$95.6M.

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

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Evolv Technologies P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $55.2M $80.4M XXX XXX XXX
Gross Profit $6.6M $1.7M XXX XXX XXX
Gross Margin 12% 2% XXX XXX XXX
EBITDA -$80.2M -$95.6M XXX XXX XXX
EBITDA Margin -145% -119% XXX XXX XXX
Net Profit -$10.9M -$86.4M XXX XXX XXX
Net Margin -20% -107% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Evolv Technologies Stock Performance

As of April 15, 2025, Evolv Technologies's stock price is $3.

Evolv Technologies has current market cap of $542M, and EV of $488M.

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Evolv Technologies Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$488M $542M XXX XXX XXX XXX $-0.24

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Evolv Technologies Valuation Multiples

As of April 15, 2025, Evolv Technologies has market cap of $542M and EV of $488M.

Evolv Technologies's trades at 4.5x LTM EV/Revenue multiple, and -20.6x LTM EBITDA.

Analysts estimate Evolv Technologies's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Evolv Technologies Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $488M XXX XXX XXX
EV/Revenue 6.1x XXX XXX XXX
EV/EBITDA -5.1x XXX XXX XXX
P/E -5.1x XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF -5.9x XXX XXX XXX

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Evolv Technologies Valuation Multiples

Evolv Technologies's NTM/LTM revenue growth is 25%

Evolv Technologies's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.4M for the same period.

Over next 12 months, Evolv Technologies's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Evolv Technologies's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Evolv Technologies Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 46% XXX XXX XXX XXX
EBITDA Margin -119% XXX XXX XXX XXX
EBITDA Growth 19% XXX XXX XXX XXX
Rule of 40 (SaaS-only) -94% XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.4M XXX XXX XXX XXX
S&M Expenses to Revenue 15% XXX XXX XXX XXX
G&A Expenses to Revenue 106% XXX XXX XXX XXX
R&D Expenses to Revenue 30% XXX XXX XXX XXX
Opex to Revenue 151% XXX 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 293 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 $542M
What is the current revenue of Evolv Technologies? Evolv Technologies's last 12-month revenue is $108M.
What is the current EBITDA of Evolv Technologies? Evolv Technologies's last 12-month EBITDA is -$23.7M.
What is the current EV/Revenue multiple of Evolv Technologies? Current revenue multiple of Evolv Technologies is 4.5x.
What is the current EV/EBITDA multiple of Evolv Technologies? Current EBITDA multiple of Evolv Technologies is -20.6x.
What is the current revenue growth of Evolv Technologies? Evolv Technologies revenue growth between 2023 and 2024 was 46%.
Is Evolv Technologies profitable? Yes, Evolv Technologies is EBITDA-positive (as of the last 12 months).

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