Evolv Technologies Holdings, Inc. reported financial results for the fiscal quarter ended June 30, 2026, announcing Q2 revenue of $43.8 million, a 34% year-over-year increase, and ending Annual Recurring Revenue (ARR) of $132.7 million, up 20%. The company added 70 new customers and reported a net loss of $(9.3) million, or $(0.05) per share, compared to a $(40.5) million loss in the prior year period. Adjusted EBITDA reached $4.4 million with a margin of 10.1%. Management raised its full-year 2026 revenue guidance to between $180 and $185 million and expects ending ARR to reach approximately $148 to $150 million by year-end, reflecting an anticipated shift toward its purchase subscription model. Evolv Technologies operates in the security technology industry, providing AI-powered screening solutions for public safety.

On August 6, 2026, the U.S. District Court for the District of Massachusetts preliminarily approved a settlement resolving consolidated stockholder derivative actions alleging breaches of fiduciary duty related to Evolv's marketing claims and revenue recognition practices. The settlement requires Evolv to implement corporate governance reforms, including enhanced audit committee protocols, disclosure committee updates, and compliance oversight, which will remain in effect for five years. No monetary payment is required from the Company; instead, insurers will pay $1,275,000 in attorneys' fees and expenses to plaintiffs' counsel. The final settlement hearing is scheduled for October 21, 2026. Evolv Technologies Holdings, Inc. operates in the security technology industry, providing AI-powered screening solutions for high-volume public venues.