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Evolv Technologies Reports Strong Q3 Growth Amid Market Pullback

Evolv Technologies Reports Strong Q3 Growth Amid Market Pullback

Author:

Global Cryptocurrency

Published:

2025-11-14 01:50:03

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BTCCSquare news:

Evolv Technologies Holdings Inc. (EVLV) saw its stock dip 2.08% to $6.58 despite posting a 57% revenue surge in Q3 2025. The AI security firm reported $42.9 million in total revenue, driven by new customer acquisitions and expanded deployments. Recurring revenue climbed 27% to $30.1 million, while non-recurring revenue skyrocketed 254% to $12.7 million.

Net losses narrowed to $1.8 million as adjusted EBITDA turned positive. The company flipped its nine-month cash FLOW to a $3.1 million inflow, reversing last year's deficit. Evolv raised its 2025 revenue outlook to $145 million, citing momentum in AI-powered screening solutions and global customer growth.

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