Evolv AI Security Revenue Soars: $175M-$180M by 2026

Evolv Technologies has increased its financial outlook for 2026, driven by growing adoption of its AI-powered weapons screening technology. The company's first-quarter revenue rose 45% year-over-year, reaching just over $46 million. As a result, management now expects full-year 2026 revenue to be between $175 million and $180 million, an increase from earlier projections. Demand is strong across education, healthcare, sports, and public stadiums. Evolv's screening hardware has processed over 4 billion individuals, with more than 4 million people screened daily. The company expects to reach positive cash flow in the second half of the year. This news matters because it shows a significant increase in the use of AI for security in various public spaces.