Evolv Technologies Q3 net loss widens on large contract absence
EVLV•EVLV•EVLV•EVLV•Evolv Technologies’ Q3 revenue rose 10% year over year to $47.34 million, beating analyst expectations, while its net loss widened to $15.6 million. Annual recurring revenue grew 20% to $140.5 million, and the company expects 2026 revenue of $182 million to $185 million.
Evolv Technologies reported Q3 revenue of $47.34 million, up 10% year over year and above the $45.61 million analyst consensus. The company posted a net loss of $15.6 million and annual recurring revenue of $140.5 million, up 20%.
The company said recurring revenue expansion and strong net revenue retention drove results. It noted the prior-year quarter included the largest contract in its history, affecting year-over-year growth rates. For 2026, Evolv expects revenue of $182 million to $185 million, ending annual recurring revenue of $148 million to $150 million, and adjusted EBITDA of $15.5 million to $16.5 million.
