Evolv Technologies Holdings, Inc. (EVLV) intrinsic value & 10-year financials
Evolv Technologies Holdings, Inc. (EVLV) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 98.1% a year to $145.9M, with an average return on invested capital of -369.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $4.16
- Market cap
- $700.6M
- Revenue (FY2025)
- $145.9M
- Revenue growth (7-yr CAGR)
- 98.1%
- ROIC (10-yr avg)
- -369.1%
- Free cash flow (FY2025)
- —
EVLV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $145.9M | -$33.1M | -$0.20 | — | -33.2% | -47.9% |
| FY2024 | $103.9M | -$54.0M | -$0.34 | — | -79.2% | -95.6% |
| FY2023 | $80.4M | -$106.3M | -$0.71 | — | -109.8% | -165.1% |
| FY2022 | $55.2M | -$86.4M | -$0.60 | — | -185.8% | -973.6% |
| FY2021 | $23.7M | -$10.9M | -$0.07 | -$73.3M | -228.2% | -799.3% |
| FY2020 | $4.8M | -$27.4M | -$0.19 | -$29.9M | -562.1% | -132.9% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Evolv Technologies Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Evolv Technologies Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -49.3% ROIC.
Evolv Technologies Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Evolv Technologies Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-6.64 per share.