Is Evolv Technologies Holdings, Inc. (EVLV) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.6% / 30% | 5.9% / 30% | 3.3% / 30% | 2.83% / 5% | ✓ HALAL |
| DJIM | 1.6% / 33% | 5.9% / 33% | 3.3% / 33% | 2.83% / 5% | ✓ HALAL |
| MSCI | 5.4% / 33% | 19.5% / 33% | 10.9% / 33% | 2.83% / 5% | ✓ HALAL |
| S&P | 1.6% / 33% | 5.9% / 33% | 3.3% / 33% | 2.83% / 5% | ✓ HALAL |
| FTSE | 5.4% / 33% | 19.5% / 33% | 10.9% / 50% | 2.83% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 51.6% | |
| Operating Margin | 22.3% | |
| Net Margin | -22.7% | |
| Return on Equity (ROE) | -28.0% | |
| Return on Assets (ROA) | -6.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $19M |
| Free Cash Flow | -$18M |
| Total Debt | $42M |
| Debt-to-Equity | 35.4 |
| Current Ratio | 1.2 |
| Total Assets | $304M |
Price & Trading
| Last Close | $5.96 |
| 50-Day MA | $5.64 |
| 200-Day MA | $6.71 |
| Avg Volume | 3.0M |
| Beta | 1.9 |
|
52-Week Range
$2.64
| |
About Evolv Technologies Holdings, Inc. (EVLV)
Evolv Technologies Holdings, Inc. develops, manufactures, markets, and sells security screening products and specific services in the United States and internationally. It offers Evolv Express, that is designed to detect firearms, improvised explosive devices, and large tactical knives in unstructured people flows; Evolv eXpedite, an autonomous AI-based weapon detection system for bags being brought to venues by visitors in high clutter environments; and Evolv Insights Analytics Application which provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance and alarm statistics, and comparisons across multiple business dimensions. The company serves various industries comprising education, healthcare, professional sports, notable performing arts and entertainment venues, major tourist destinations and cultural attractions, government and corporate offices, hospitality facilities, distribution facilities, large industrial workplaces, and houses of worship. Evolv Technologies Holdings, Inc. was founded in 2013 and is headquartered in Waltham, Massachusetts.
Purification Calculator
As a halal stock with 2.83% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Evolv Technologies Holdings, Inc. (EVLV) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Evolv Technologies Holdings, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Evolv Technologies Holdings, Inc.'s debt ratio?
Evolv Technologies Holdings, Inc.'s debt ratio is 1.6% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 5.4%.
Does Evolv Technologies Holdings, Inc. require dividend purification?
Yes, Evolv Technologies Holdings, Inc. has an impermissible income ratio of 2.83%, which means 2.83% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Evolv Technologies Holdings, Inc.'s key financial metrics?
Evolv Technologies Holdings, Inc. has a market capitalization of $1.0B, and revenue of $146M. The company maintains a gross margin of 51.6% and a net margin of -22.7%. Return on equity stands at -28.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.