Customer growth - Co said results were driven by addition of 70 new customers in the qtr
Product adoption - Accelerating adoption of Evolv eXpedite and improved renewal trends supported revenue growth
Business model shift - Higher mix of purchase subscription deployments increased near-term revenue recognition but created modest gross margin headwind
Adjusted loss per share for Q2 met analyst consensus
Company raised 2026 revenue and EBITDA outlook, citing accelerating adoption and renewal trends
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$43.80 mln
$41.81 mln (4 Analysts)
Q2 Adjusted Loss Per Share
Meet
$0.02
$0.02 (3 Analysts)
Q2 Net Loss
$9.30 mln
Q2 Annual Recurring Revenue
$132.7 mln
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
EVLV•
