John Kedzierski
President, CEO & Executive Director

Hi. I'm John Kedzierski, CEO and President of Evolv Technology. Yesterday, we released our Q1 2026 earnings report.

Before we reflect on Q1, I'd like to remind everyone about our Investor Day 2026, which will be held on June 9. The event will be webcast live on the Investor Relations section of our website. We look forward to providing a deeper update on our strategy, product innovation and long-term financial framework at that time.

Reviewing our first quarter results, the message is straightforward. We continue to execute on what we said we would do. And we're doing this in a dynamic global security environment that is more complex than it was even a few years ago.

Last quarter, we touched on the broader market conversation around generative AI and how quickly it is changing the software landscape. As a reminder, Evolv was never built as a pure software company. Our platform combines proprietary hardware, the software that runs on that hardware and our proprietary AI models.

As we look ahead, we believe that we are still in the early innings of beginning to scale, driven by a growing installed base, growing adoption of eXpedite, improved customer acquisition efficiency and operating scale across hardware, software and services. We'll share much more detail on these dynamics at our Investor Day on June 9.

Now I'll turn it over to Chris Kutsor, our CFO, to discuss our first quarter results.

George Kutsor
Chief Financial Officer

Thanks, John. Happy to. Revenue in the first quarter was $46.3 million, up 45% year-over-year. Our growth reflected new customer wins, continued expansion within existing customers and a