Evolv Technologies Holdings, Inc. Warrant (EVLVW)

Evolv Technologies reported strong Q2 2025 performance with 29% revenue growth, reaching $32.5 million, and positive Adjusted EBITDA of $2.0 million. The company expanded its AI-powered security screening systems across education, healthcare, and entertainment sectors, raising full-year revenue guidance to $132-$135 million.

The Video Surveillance-as-a-Service (VSaaS) market is projected to grow from $4.3 billion in 2023 to $17.8 billion by 2032, driven by AI, cloud adoption, security concerns, and increasing demand across industries and smart cities.

Evolv Technologies Holdings, Inc. (EVLV) is facing a securities fraud lawsuit due to alleged misstatements related to revenue recognition and other revenue metrics. The company announced that certain sales were subject to undisclosed extra-contractual terms and that some personnel engaged in misconduct.