12 Best Low Priced Growth Stocks to Invest In Now

6. Evolv Technologies Holdings Inc. (NASDAQ:EVLV)

Number of Hedge Fund Holders: 51

Evolv Technologies Holdings Inc. (NASDAQ:EVLV) is one of the best low priced growth stocks to invest in now. On May 12, Evolv reported total revenue of $46.3 million for Q1 2026, representing a 45% increase compared to $32.0 million in Q1 2025. This growth was driven by strong new customer acquisitions and expanding deployments, alongside increased adoption of its Evolv eXpedite product. Annual Recurring Revenue/ARR also climbed 20% year-over-year to reach $127.3 million.

The company reported a first-quarter GAAP net loss of $5.0 million, or $0.03 per share, compared to a net loss of $1.7 million in the prior year’s quarter. On a non-GAAP basis, adjusted EBITDA improved to $3.9 million with an 8.5% adjusted EBITDA margin, up from $2.1 million in Q1 2025. As of March 31, Evolv maintained $61.1 million in cash, cash equivalents, and marketable securities.

Evolv Technologies Holdings Inc. (NASDAQ:EVLV) raised its full-year 2026 outlook, now forecasting total revenues between $175 and $180 million, which represents 20% to 23% year-over-year growth. The company also projects year-end ARR to reach between $145 and $150 million. Management expects to deliver positive full-year adjusted EBITDA with margins landing in the high single digits.

Evolv Technologies Holdings Inc. (NASDAQ:EVLV) develops AI-based, touchless security screening systems. Its screening technology can detect concealed weapons and threats without requiring people to stop or remove personal items. Evolv systems are used to make public spaces like stadiums, schools, hospitals, and entertainment centers safer.

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