Shares of Evolv Technologies Holdings, Inc. (EVLV) surged 6.65% in pre-market trading on Friday, building on the previous day's gains following the release of impressive second-quarter financial results and an upward revision of its full-year 2025 guidance. The AI-based security technology company's performance exceeded analyst expectations, driving continued investor enthusiasm.

For the second quarter of 2025, Evolv reported revenue of $32.54 million, marking a substantial 27.4% increase from the same period last year and surpassing analyst expectations of $30.95 million. The company's bottom line also showed significant improvement, with adjusted earnings per share narrowing to a loss of $0.02, beating the consensus estimate of a $0.04 loss and showing considerable progress from the $0.06 loss per share in the previous year. Investors were particularly encouraged by Evolv's robust Annual Recurring Revenue (ARR), which reached $110.5 million, up 27% year-over-year.

Looking ahead, Evolv raised its full-year 2025 revenue guidance to between $132 million and $135 million, representing a growth rate of 27% to 30%. The company also anticipates achieving positive full-year Adjusted EBITDA in 2025 and expects to be cash flow positive in Q4 2025, signaling a clear path towards profitability. These factors combined to fuel the stock's significant rise in pre-market trading, as investors responded positively to the company's strong performance and optimistic outlook in the AI-based security technology sector.