Evolent Health, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:56:59Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EBITDA | -294.29M | 77.89M | 52.20M | 70.84M | 17.63M | -201.37M |
| Working Capital | 121.11M | -108.38M | 9.43M | 44.61M | 78.47M | 144.35M |
| Net Debt | 837.84M | 609.47M | 451.97M | 287.92M | 14.19M | 40.78M |
| Gross Margin | 21.31% | 14.38% | 23.45% | 23.42% | 27.58% | — |
| Operating Margin | -21.86% | -1.58% | -3.63% | 0.27% | -4.67% | -28.43% |
| Net Margin | -28.49% | -2.41% | -5.76% | -1.42% | -4.14% | -36.15% |
| Return on Equity (ROE) | -128.74% | -6.15% | -10.59% | -2.23% | -5.42% | -53.95% |
| Return on Assets (ROA) | -28.14% | -2.42% | -4.22% | -1.05% | -2.65% | -24.37% |
| Current Ratio | 1.31× | 0.85× | 1.01× | 1.10× | 1.18× | 1.36× |
| Debt-to-Equity | 2.38× | 0.71× | 0.60× | 0.55× | 0.40× | 0.58× |
| Effective Tax Rate | 0.02% | 2.24% | 44.15% | 69.87% | -1.62% | 0.72% |
| Cash Conversion Ratio | -0.07× | -0.30× | -1.26× | 0.60× | -1.03× | 0.05× |
| Accruals Ratio | -0.30× | -0.03× | -0.10× | -0.00× | -0.05× | -0.23× |
| SBC % of Revenue | 2.12% | 1.56% | 2.06% | 2.51% | 1.84% | 1.58% |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EV / EBITDA | — | 24.66× | 81.69× | 44.30× | 143.28× | — |
| P/S | 0.25× | 0.51× | 1.94× | 2.11× | 2.77× | 1.49× |
| P/B | 1.13× | 1.31× | 3.57× | 3.32× | 3.62× | 2.22× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 1.88B | 2.55B | 1.96B | 1.35B | 907.96M | 924.64M |
| Revenues | — | — | 556.05M | 382.43M | 907.96M | 924.64M |
| Cost of Revenue | 1.48B | 2.19B | 1.50B | 1.04B | 657.55M | — |
| Research and Development Expense | — | — | — | — | 15.50M | 15.10M |
| Selling, General and Administrative Expense | 303.87M | 263.05M | 358.11M | 269.27M | 219.50M | 210.41M |
| Operating Expenses | — | — | 577.40M | 384.31M | 950.37M | 1.19B |
| Operating Income (Loss) | -410.14M | -40.48M | -71.21M | 3.64M | -42.41M | -262.85M |
| Income Tax Expense (Benefit) | -126.00K | -1.41M | -89.36M | -43.38M | 483.00K | -2.37M |
| Net Income (Loss) Attributable to Parent | -534.51M | -61.62M | -113.04M | -19.16M | -37.60M | -334.25M |
| Earnings Per Share, Basic | $-5.07 | $-0.81 | $-1.28 | $-0.20 | $-0.44 | $-3.94 |
| Weighted Average Number of Shares Outstanding, Basic | 114.21M | 114.68M | 111.25M | 93.70M | 86.07M | 84.93M |
| Earnings Per Share, Diluted | $-5.07 | $-0.81 | $-1.28 | $-0.20 | $-0.44 | $-3.94 |
| Weighted Average Number of Shares Outstanding, Diluted | 114.21M | 114.68M | 111.25M | 93.70M | 86.07M | 84.93M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 151.86M | 104.20M | 192.82M | 188.20M | 266.28M | 319.00M |
| Assets, Current | 506.37M | 607.12M | 683.67M | 478.05M | 523.96M | 547.65M |
| Assets | 1.90B | 2.54B | 2.68B | 1.82B | 1.42B | 1.37B |
| Liabilities, Current | 385.26M | 715.50M | 674.24M | 433.44M | 445.49M | 403.29M |
| Long-term Debt, Excluding Current Maturities | 970.54M | 490.52M | 597.05M | 412.99M | 215.68M | 263.34M |
| Liabilities | 1.48B | 1.35B | 1.43B | 957.88M | 725.83M | 752.10M |
| Stockholders' Equity Attributable to Parent | 415.19M | 1.00B | 1.07B | 859.42M | 693.63M | 619.60M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 38.84M | 18.77M | 142.58M | -11.55M | 38.75M | -16.23M |
| Net Cash Provided by (Used in) Investing Activities | -233.00K | -62.93M | -415.54M | -259.12M | -15.79M | 261.07M |
| Payments for Repurchase of Common Stock | 40.00M | 0 | 0 | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -35.92M | -565.00K | 281.34M | 131.54M | -29.55M | -11.86M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EBITDA | 10.96M | -363.19M | — | — | 22.44M | 10.70M |
| Working Capital | 120.78M | 121.11M | 140.17M | 4.74M | -11.16M | -108.38M |
| Net Debt | 843.40M | 837.84M | 965.66M | 702.20M | 623.55M | 609.47M |
| Gross Margin | 16.88% | 20.75% | 20.81% | 22.59% | 21.19% | 11.71% |
| Operating Margin | -2.14% | -87.09% | 0.18% | -0.26% | -0.34% | -2.88% |
| Net Margin | -5.37% | -91.55% | -4.35% | -4.48% | -13.36% | -3.53% |
| Return on Equity (ROE) | -6.72% | -103.36% | -2.48% | -2.22% | -6.91% | -2.28% |
| Return on Assets (ROA) | -1.42% | -22.59% | -0.85% | -0.81% | -2.44% | -0.90% |
| Current Ratio | 1.32× | 1.31× | 1.33× | 1.01× | 0.98× | 0.85× |
| Debt-to-Equity | 2.49× | 2.38× | 1.29× | 0.95× | 0.93× | 0.71× |
| Effective Tax Rate | -3.54% | 0.39% | -4.54% | 3.98% | -2.33% | 4.69% |
| Cash Conversion Ratio | 0.04× | -0.11× | 0.48× | 1.30× | -0.07× | 1.15× |
| Accruals Ratio | -0.01× | -0.25× | -0.00× | 0.00× | -0.03× | 0.00× |
| SBC % of Revenue | 2.15% | 0.51% | 7.79% | 5.10% | 2.29% | -0.95% |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 496.25M | 468.72M | 479.53M | 444.33M | 483.65M | 646.54M |
| Cost of Revenue | 412.47M | 371.47M | 379.76M | 343.94M | 381.18M | 570.83M |
| Selling, General and Administrative Expense | 72.82M | 72.66M | 77.59M | 75.21M | 78.41M | 47.70M |
| Operating Income (Loss) | -10.60M | -408.23M | 886.00K | -1.17M | -1.62M | -18.60M |
| Income Tax Expense (Benefit) | 910.00K | -1.68M | 906.00K | -825.00K | 1.47M | -1.12M |
| Net Income (Loss) Attributable to Parent | -26.63M | -429.13M | -20.86M | -19.90M | -64.62M | -22.80M |
| Earnings Per Share, Basic | $-0.24 | $-3.84 | $-0.24 | $-0.44 | $-0.63 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Basic | 111.91M | 114.21M | 114.07M | 115.88M | 115.31M | 114.68M |
| Earnings Per Share, Diluted | $-0.24 | $-3.84 | $-0.24 | $-0.44 | $-0.63 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Diluted | 111.91M | 114.21M | 114.07M | 115.88M | 115.31M | 114.68M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 142.03M | 151.86M | 116.65M | 151.00M | 246.55M | 104.20M |
| Assets, Current | 502.01M | 506.37M | 570.09M | 562.26M | 727.93M | 607.12M |
| Assets | 1.88B | 1.90B | 2.45B | 2.46B | 2.65B | 2.54B |
| Liabilities, Current | 381.24M | 385.26M | 429.93M | 557.52M | 739.10M | 715.50M |
| Long-term Debt, Excluding Current Maturities | 973.49M | 970.54M | 1.05B | 648.46M | 647.53M | 490.52M |
| Liabilities | 1.48B | 1.48B | 1.61B | 1.34B | 1.52B | 1.35B |
| Stockholders' Equity Attributable to Parent | 396.39M | 415.19M | 842.23M | 896.00M | 935.52M | 1.00B |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -984.00K | 48.80M | -9.96M | -25.77M | 4.57M | -26.23M |
| Net Cash Provided by (Used in) Investing Activities | -6.41M | 82.15M | -82.39M | -73.62M | -13.09M | -19.93M |
| Payments for Repurchase of Common Stock | — | 0 | 40.00M | — | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | -3.97M | -93.04M | 57.11M | 98.93M | 107.85M | 96.94M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (EVH CIK 0001628908),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.