Evolv Technologies Delays Q1 2025 Financial Report

Evolv Technologies Holdings ( (EVLV) ) has released a notification of late filing.

Evolv Technologies Holdings, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to the extensive time and resources required to address an internal investigation and subsequent restatement of financial statements for previous periods. The company anticipates filing the delayed report within a five-day extension period. Preliminary financial results indicate an increase in revenue to between $31.0 million and $32.0 million, with a reduced net loss compared to the previous year. Evolv Technologies is committed to ongoing compliance efforts, as indicated by the signature of Rachel Roy, General Counsel and Secretary.

The most recent analyst rating on (EVLV) stock is a Buy with a $6.00 price target. To see the full list of analyst forecasts on Evolv Technologies Holdings stock, see the EVLV Stock Forecast page.

Spark’s Take on EVLV Stock

According to Spark, TipRanks’ AI Analyst, EVLV is a Neutral.

Evolv Technologies faces significant financial challenges, with persistent profitability issues and negative cash flows impacting its financial performance score. While technical analysis shows positive momentum, valuation metrics are concerning with negative P/E and no dividend yield. Recent corporate events, including Nasdaq compliance issues, add further risk. Despite a solid technical outlook, the overall score reflects the need for caution due to these financial and operational uncertainties.

To see Spark’s full report on EVLV stock, click here.

More about Evolv Technologies Holdings

Average Trading Volume: 1,612,913

Technical Sentiment Signal: Buy

Current Market Cap: $724.2M

See more data about EVLV stock on TipRanks’ Stock Analysis page.