Evolv Technologies Holdings, Inc. (EVLV) announced a renewal and expansion of its subscription agreement with the Houston Astros, the first professional baseball franchise to deploy the company’s eXpedite™ bag‑screening system. The new agreement upgrades all existing Evolv Express® units at Astros venues to the Gen 2 hardware platform, which delivers higher throughput and lower false‑alarm rates, and installs the eXpedite system to automatically screen bags as fans enter the stadium.
The Astros’ partnership began in 2023, and this expansion reflects the team’s satisfaction with Evolv’s technology and its impact on fan experience. By extending the contract, EVLV strengthens its recurring revenue base at a high‑profile venue and reinforces its presence in the sports‑entertainment market, where it serves all four major league teams in Houston.
Evolv’s management highlighted the deal’s significance. Vice President of Sports & Entertainment John Baier said the expansion “demonstrates the value our technology brings to the Astros and the broader fan experience.” Astros senior vice president of business operations Marcel Braithwaite noted that the company has been a trusted supplier since 2023 and looks forward to continuing the partnership.
The Astros deal comes on the heels of EVLV’s Q4 2025 earnings, in which the company reported a 32% year‑over‑year revenue increase to $38.5 million and a 21% rise in annual recurring revenue to $120.5 million. The strong financial performance and raised FY2026 guidance—$172–$178 million—underscore the market’s confidence in EVLV’s growth trajectory and the strategic importance of expanding high‑profile contracts like the Astros agreement.
By adding the eXpedite bag‑screening system, EVLV not only enhances security at a major sports venue but also showcases its AI‑powered solutions to a broader audience, potentially opening doors to additional contracts in professional sports and other high‑traffic environments. The expansion aligns with the company’s broader strategy of scaling its subscription model and deepening relationships with marquee clients, positioning EVLV for continued revenue growth and market penetration.
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