Evolv Technologies (EVLV): AI Screening Platform Nears 5 Million Scans a Day

Evolv Technologies Holdings, Inc. (EVLV) disclosed on its second-quarter 2026 earnings call, held August 11, 2026, that its AI-powered security screening platform, Evolv Express, now screens nearly 5 million people per day. The company did not separately disclose the revenue or profit tied to this usage growth.

Evolv Technologies Holdings, Inc. is headquartered in Waltham, Massachusetts, and trades under the ticker EVLV. Its core product, Evolv Express, is a security screening system installed at entrances to schools, hospitals, stadiums and businesses. The system combines proprietary sensor hardware with AI detection models to scan visitors for concealed firearms or knives and automatically alert security staff to their location, letting people pass through screening without opening bags for manual inspection. Evolv sells the system through multi-year subscription agreements that bundle hardware, software, the AI model, data and ongoing service — currently the company's core business.

A three-year deployment record

The deployment record for this application traces back to a November 11, 2023 earnings call, when the company had more than 4,000 units deployed and penetration below 1%.[2] Entering 2024, a regulatory inquiry slowed some customers' due-diligence timelines, which in turn slowed new subscription additions that quarter — a setback within an otherwise expanding rollout.[3] By the first quarter of 2025, management disclosed the platform was screening more than 3 million people per day on average, with cumulative screenings since deployment topping 2 billion.[4] By the most recent call, on August 11, 2026, deployment had grown to roughly 9,200 units, with penetration still below 5%.[1]

Nearly 5 million daily scans, no separate revenue line

The latest earnings call put average daily screening at nearly 5 million people. During a roughly 40-day period covering the World Cup, the platform screened more than 3.5 million fans across 26 stadiums, fan festivals and transit hubs — an event management framed as a core driver of subscription growth.[1] The continued expansion in both deployed units and usage volume corresponds to more multi-year subscription agreements being signed and renewed. The financial metric this operating trend should theoretically feed is recurring subscription revenue growth. However, management did not tie deployment or screening figures to specific revenue or gross-margin numbers on the call, and did not separately disclose renewal value or gross margin for this product line.

What the usage numbers do not prove

Growth in deployment and screening volume cannot be read directly as revenue or profit growth: these figures measure installed base and usage frequency, not pricing, renewal terms or cost structure. The slowdown in new subscriptions in 2024 reflected a one-time delay tied to a regulatory inquiry, not a contraction of the overall business. What can be confirmed is that Evolv Express's deployment scale and usage volume have expanded steadily over three years and reaccelerated after the regulatory setback. Whether the company separately discloses this product line's subscription revenue, renewal value or gross margin in future filings will determine whether this operating curve can be verified as a revenue curve.

Application assessment

• Evolv Express Weapons Screening | Business position: Core business | Application stage: Limited production | Coverage: Multi-business or multi-region | Value type: Revenue-generating

Sources

[1] Drillr · Evolv Technologies Holdings, Inc. (EVLV) · 2026-08-11 · Earnings call

"Today, our solutions screen nearly 5 million people each day reflecting the growing scale and global reach of the Evolve platform."

[2] Drillr · Evolv Technologies Holdings, Inc. (EVLV) · 2023-11-11 · Earnings call

"with over 4,000 units deployed representing a penetration rate today of less than 1% and we're just getting started."

[3] Drillr · Evolv Technologies Holdings, Inc. (EVLV) · 2024-05-11 · Earnings call

"Some opportunities have been delayed as customers work to satisfy the incremental due diligence requirements related to, among other things, these regulatory inquiries and the slanted coverage from select media outlets we have discussed on previous calls."

[4] Drillr · Evolv Technologies Holdings, Inc. (EVLV) · 2025-05-20 · Earnings call

"On average, we are now screening over 3 million people every day, and have screened over 2 billion people since we started deploying Evolv Express."