Evolv Technologies shares surge 13.41% after-hours after beating Q4 earnings, raising 2026 revenue guidance, and securing key client renewals.

Evolv Technologies Holdings (EVLV) surged 13.41% in after-hours trading following the release of its fourth-quarter 2025 financial results and revised 2026 revenue guidance. The company reported revenue of $38.5 million, exceeding estimates by 5.65%, and delivered adjusted earnings per share of 6 cents, well above the expected loss of 8 cents. Evolv also raised its 2026 revenue forecast to $172–178 million, reflecting strong demand for its AI-powered security systems and new client wins, including contracts with sports venues and healthcare institutions. Analysts highlighted the stock’s undervaluation relative to a $10.00 fair value target and emphasized growth in annual recurring revenue, which rose 21% year-over-year to $120.5 million. The upward revision in guidance, coupled with recurring revenue momentum and recent contract renewals, likely drove the sharp post-earnings rally.