Shares of Evolv Technologies Holdings, Inc. (EVLV) surged 5.16% in the last 24 hours 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 investor enthusiasm.

For the second quarter of 2025, Evolv reported revenue of $32.5 million, marking a substantial 29% increase from the same period last year and surpassing analyst expectations of $30.9 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. This growth in ARR reflects the company's success in customer acquisition and expansion, as well as increased market trust in AI-based security solutions. 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, as investors responded positively to the company's strong performance and optimistic outlook.