Evolv Technologies Holdings, Inc. (EVLV) has secured a contract to provide its AI‑powered screening solutions at Inter Miami CF’s new 25,000‑seat stadium, Miami Freedom Park, which is slated to open on April 4, 2026. The company will install Evolv Express® Gen 2 systems throughout the venue and deploy its Evolv eXpedite autonomous X‑ray bag scanner to enhance security coverage.
The deal adds a substantial recurring revenue stream to Evolv’s portfolio and expands its footprint in Florida. In the third quarter of 2025, the company reported revenue of $42.9 million, up 57% year‑over‑year, and an annual recurring revenue (ARR) of $117.2 million, up 25% year‑over‑year. The new contract is expected to support the company’s goal of growing ARR beyond 20% in 2026 by providing a long‑term, high‑volume customer that delivers predictable subscription income.
Evolv Express® Gen 2 is a touchless, high‑throughput screening system that allows guests to walk through without stopping or removing items from pockets. The Evolv eXpedite autonomous X‑ray bag scanner uses AI to detect threats in bags, creating a layered security approach that is well suited to the high‑volume environment of a professional sports stadium. Together, the systems deliver a seamless, efficient experience for fans while maintaining rigorous safety standards.
CEO John Kaczorski has referred to 2026 as an “inflection point” for ARR growth, and the Miami Freedom Park contract demonstrates Evolv’s ability to win large, long‑term deals in the sports and entertainment sector. The partnership reinforces the company’s strategy of expanding its AI‑powered screening solutions into high‑volume venues and positions Evolv to capture additional recurring revenue as the stadium opens and operates.
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