Evolv Technology Reports First Quarter Financial Results
1. Evolv reported Q1 2025 revenue of $32.0 million, up 44% year-over-year. 2. ARR for Q1 2025 reached $106.0 million, an increase of 34%. 3. Net loss decreased significantly to $(1.7) million from $(11.3) million in Q1 2024. 4. Company expects 2025 revenue between $125 million and $130 million, 20-25% growth. 5. Evolv plans $2 million investments in operational efficiency for 2025.