AI Security Firm Evolv Reports Q3 Results: Revenue Up 10%, Raises Full-Year EBITDA Guidance
Evolv reported Q3 revenue of $47.3M and ARR of $140.5M, raising its full-year adjusted EBITDA guidance upper limit to $16.5M.
US-based AI security technology company Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) released its financial results for the third quarter ended September 30, 2026, on November 10, 2026. The company reported total revenue of $47.3 million, a 10% increase year-over-year, while ending Annual Recurring Revenue (ARR) reached $140.5 million, growing 20% year-over-year. Although GAAP net loss widened to $15.6 million, Adjusted EBITDA remained positive at $4.7 million.
Looking ahead, Evolv narrowed and raised the lower end of its full-year 2026 revenue guidance from the previously issued $180–$185 million range to $182–$185 million. The company also increased its expected full-year Adjusted EBITDA from $15–$16 million to $15.5–$16.5 million. Management noted that despite a challenging prior-year comparison that included the largest contract in the company's history, the quarter achieved double-digit revenue growth with ARR expanding faster than revenue, reflecting progress toward a more predictable subscription model.