Evolv Technologies Holdings Inc. (Class A) (EVLV) carries a Roarable Rating of D- (Sell) with 43/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-02, Evolv Technologies Holdings Inc. (Class A) (NASDAQ: EVLV) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 43/100 at a spot price of $4.69 (-3.30% 1D, market cap $878.5M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 8/20. Across 714 tracked Technology issuers, EVLV ranks #471 in composite RQD confidence.
Within the Technology sector (Computer peripheral equipment), EVLV carries a Roarable D- (43/100 RQD), trailing P/E of N/A, gross margin of 51.6%, and ROIC of -35.0%. By comparison, MITK (Mitek Systems Inc.) holds a B grade (72/100 RQD, P/E 94.7x, ROIC 22.7%, cap $833.0M) and SSYS (Stratasys Ltd. (Israel)) posts a E grade (17/100 RQD, P/E N/A, ROIC -7.7%, cap $619.2M). Among the 5-stock peer group, IMMR leads on earnings multiple (53.6x) while MITK leads on capital efficiency (22.7% ROIC).
Per EVLV's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001805385), Evolv Technologies Holdings Inc. (Class A) generated $145.9M in revenue (+40.5% YoY), -$33.1M in net income, and $18.7M in free cash flow against $304.4M in total assets and $28.6M in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
Altman Z-Score 1.13 (DISTRESS RISK (<1.8)) • Piotroski F-Score 8/9
SEC XBRL FY 2025 (10-K): 12.8% FCF Margin ($18.7M FCF) & 51.6% Gross Margin
Disciplined Float (-0.12% YoY Shares) & executive Form 4 sales trim 12 pts from alignment
While EVLV currently carries a cautious 43/100 (D-) rating due to Insider Conviction & Share Dilution (8/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Technology with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($4.78) and Max Pain ($4.92) forces dealer call-delta covering toward $8.14.
Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.12% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Evolv Technologies Holdings Inc. (Class A) (EVLV) dropped -3.30% to $4.69, trading at 18% of its 52-week range ($4.02 – $7.75). Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
Yahoo Finance report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
www.siam.in report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
WALTHAM, Mass., October 29, 2026--Evolv Technologies Holdings, Inc. (NASDAQ: EVLV), a leading security technology company pioneering AI-powered screening solutions designed to create safer experiences, today announced a
Gorilla Technology is surging while its AI software peers slide, and the gap between them comes down to a business model that trades code for concrete. Whether that physical bet on data centers confirms a bottom or sets
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +40.5% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on EVLV today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for EVLV. Explore sector supply chains on /butterfly.
Across 714 tracked Technology securities in the Roarable RQD universe, Evolv Technologies Holdings Inc. (Class A) (EVLV) ranks #471 by composite RQD confidence (43/100, grade D-) and #363 by equity capitalization ($878.5M). Within this direct 5-issuer industry benchmark cohort, IMMR leads on earnings valuation at 53.6x trailing P/E, while MITK leads on capital efficiency and profitability with 22.7% ROIC and — gross margin. MITK currently holds the highest overall quantitative score in the immediate peer group at 72/100 (B) compared with EVLV at 43/100 (D-).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| EVLV
ACTIVE
Evolv Technologies Holdings Inc. (Class A) | D- | 43/100 | — | 51.6% | -35.0% | -3.30% | $878.5M | Benchmark Subject |
| MITK Mitek Systems Inc. | B | 72/100 | 94.7x | — | 22.7% | -2.11% | $833.0M | /mitk-vs-evlv → |
| SSYS Stratasys Ltd. (Israel) | E | 17/100 | — | 41.2% | -7.7% | -4.41% | $619.2M | /ssys-vs-evlv → |
| CRSR Corsair Gaming Inc. | D+ | 56/100 | 92.8x | 28.9% | 0.2% | -8.23% | $1.49B | /crsr-vs-evlv → |
| IMMR Immersion Corporation | C- | 61/100 | 53.6x | — | 12.4% | -1.37% | $242.4M | /immr-vs-evlv → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Evolv Technologies Holdings Inc. (Class A) (EVLV) reported GAAP revenue of $145.9M (+40.5% vs. FY2024 revenue of $103.9M , and +83.4% cumulative change since FY2023) , GAAP net income of -$33.1M, operating cash flow of $18.7M, and free cash flow of $18.7M (+160.5% YoY). On the balance sheet, EVLV closed FY2025 with $304.4M in total assets against $28.6M in total debt (Altman Z-Score: 1.13, Piotroski F-Score: 8/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $145.9M | -$33.1M | $18.7M | $18.7M | $304.4M | $28.6M |
| FY2024 (FY) | 2024-12-31 | $103.9M | -$54.0M | -$30.9M | -$30.9M | $268.1M | $0 |
| FY2023 (FY) | 2023-12-31 | $79.6M | -$108.0M | -$9.8M | -$9.8M | — | — |
As of 2026-11-02, Evolv Technologies Holdings Inc. (Class A) (NASDAQ: EVLV) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 43/100 at a spot price of $4.69 (-3.30% 1D, market cap $878.5M). Pillar breakdown: Fundamental Cash Engine 9/20, Institutional 13F & Options Flow 8/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 8/20. Across 714 tracked Technology issuers, EVLV ranks #471 in composite RQD confidence.
Within the Technology sector (Computer peripheral equipment), EVLV carries a Roarable D- (43/100 RQD), trailing P/E of N/A, gross margin of 51.6%, and ROIC of -35.0%. By comparison, MITK (Mitek Systems Inc.) holds a B grade (72/100 RQD, P/E 94.7x, ROIC 22.7%, cap $833.0M) and SSYS (Stratasys Ltd. (Israel)) posts a E grade (17/100 RQD, P/E N/A, ROIC -7.7%, cap $619.2M). Among the 5-stock peer group, IMMR leads on earnings multiple (53.6x) while MITK leads on capital efficiency (22.7% ROIC).
Per EVLV's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001805385), Evolv Technologies Holdings Inc. (Class A) generated $145.9M in revenue (+40.5% YoY), -$33.1M in net income, and $18.7M in free cash flow against $304.4M in total assets and $28.6M in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
EVLV last traded at $4.69 (-3.30% on volume of 1,682,639 shares), positioning the stock -1.88% below its 50-day simple moving average ($4.78) and -16.84% below its 200-day simple moving average ($5.64). Across its 52-week range of $4.02 to $7.75, EVLV sits at the 18.0% percentile with a 14-day RSI of 57.3 (BULLISH MOMENTUM) and an implied next-earnings move of ±8.6% ($4.29 to $5.09).
Why EVLV Stock dropped -3.30% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
Per the Roarable RQD rating, EVLV carries an RQD score of 43 out of 100, graded D-, with the verdict label "Roarable Sell — Vulnerable Balance Sheet & Flow." The five pillars are scored as follows:
Taken together, the pillars describe a company whose operating economics are negative (per the market data, operating margin is -33.2% and net margin is -22.7%), whose balance-sheet leverage is modest (Debt/Equity 0.24), but whose distress-type indicators and weak return metrics dominate the rating. For a prospective investor, the upside case rests on improving operating leverage and cash conversion; the valuation tradeoff is that the stock trades at a $878.5M market capitalization against negative returns on capital, so the market is pricing in a turnaround that the reported metrics do not yet demonstrate.
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $145.9M | $-48.5M | $-33.1M | N/A | $18.7M | $49.1M | $28.6M |
| FY 2024 | $103.9M | $-82.3M | $-54.0M | N/A | $-30.9M | $37.0M | $0.0M |
| FY 2023 | $79.6M | $-90.1M | $-108.0M | N/A | $-9.8M | N/A | N/A |
Per the SEC financials, revenue grew from $79.6M in FY 2023 to $145.9M in FY 2025 while operating losses narrowed from $-90.1M to $-48.5M. Free cash flow turned positive at $18.7M in FY 2025 after negative readings in prior periods. Per the market data, operating margin is -33.2%, net margin is -22.7%, and ROIC is -35%. Per the Roarable RQD rating, the Altman Z-Score is 1.13 and the Piotroski F-Score is 8/9; the reported Debt/Equity is 0.24, consistent with a modest debt load against the FY 2025 debt of $28.6M.
Per the feed, two MarketBeat items report new 12-month and 1-year lows, consistent with the market data range low of $4.02. The Stock Titan item is the only one referencing a specific customer deployment. Per the Butterfly Supply-Chain Graph, there are no supply-chain links and no proprietary signals recorded.
Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals. Upstream and downstream dependencies, sector correlations, and second-order bottlenecks are therefore not available in source data. The sector is Technology and the industry is Computer peripheral equipment, but no specific counterparty or dependency relationships are documented in the provided sources.
Real-time company headlines, analyst actions, and sector developments for Evolv Technologies Holdings Inc. (Class A) (EVLV) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
Seeking Alpha report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
www.siam.in report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Evolv Technologies Holdings Inc. (Class A) (EVLV) market action, institutional positioning, and fundamental catalysts.
Welcome to the EVLV (Evolv Technologies Holdings Inc. (Class A)) Roar Pit. Current RQD Composite is 43/100 (Roarable Sell — Vulnerable Balance Sheet & Flow) in Computer peripheral equipment. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Everyone in here is repeating the bull case on EVLV, but look at what you are paying: current EV/EBITDA multiples with 51.6% gross margins. Unless Evolv Technologies Holdings Inc. (Class A) expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
Looking at the 5-pillar RQD breakdown on EVLV, the market is fixating on short-term headline noise in Computer peripheral equipment and ignoring the balance sheet and cash flow trajectory. At $4.85 (52-wk range $4.02 - $7.75), any beat on forward guidance forces shorts and underweight funds to chase.
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