Shares of Evolv Technologies Holdings, Inc. (EVLV) surged 7.46% in after-hours trading following the release of its second-quarter financial results that exceeded analyst expectations and an upward revision of its full-year guidance.

For Q2 2025, Evolv reported revenue of $32.5 million, marking a 29% year-over-year increase and surpassing the analyst consensus of $30.9 million. The company's adjusted loss per share narrowed to $0.02, better than the expected loss of $0.04. Annual Recurring Revenue (ARR) reached $110.5 million, up 27% from the previous year.

In light of its strong performance, Evolv raised its full-year 2025 revenue guidance to a range of $132 million to $135 million, up from the previous forecast of $125 million to $130 million. The company also anticipates achieving positive full-year Adjusted EBITDA in 2025 and expects to be cash flow positive in Q4 2025. These positive results and optimistic outlook likely fueled investor enthusiasm, driving the stock's after-hours rally.