Company research / EVH

Evolent Health, Inc. (EVH)

CIK 0001628908 · NYSE · Services-Management Services

  • Sector Services
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Evolent Health, Inc. reported revenue of $1.88B. Revenue fell 26.6% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $2.10B.

Key ratios (year ended 2025-12-31)

21.3%
Gross margin (computed)
-21.9%
Operating margin
-28.5%
Net margin
-128.7%
Return on year-end equity
-26.6%
Revenue growth (YoY)

Computed by TickerFacts from revenue minus cost of revenue. This may differ from the issuer's reported gross profit or margin; check the revenue and cost definitions.

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Latest selected filing: Form 4 (ownership change) · 2026-08-28

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$2.10B$1.88B$2.55B$1.96B$1.35B$907.96M$924.64M$846.38M$627.06M$434.95M$254.19M
Cost of Revenue$1.74B$1.48B$2.19B$1.50B$1.04B$657.55Mn/an/an/an/an/a
Gross Profit (computed)$361.64M$399.88M$367.35M$460.47M$316.58M$250.41Mn/an/an/an/an/a
R&D Expensen/an/an/an/an/a$15.50M$15.10M$19.80M$18.20M$17.20M$11.10M
Operating Income-$427.50M-$410.14M-$40.48M-$71.21M$3.64M-$42.41M-$262.85M-$308.88M-$47.48M-$72.84M-$237.42M
Depreciation & Amortization$111.77M$115.85M$118.37M$123.42M$67.19M$60.04M$61.48M$60.91M$44.52M$32.37M$17.22M
EBITDA-$315.73M-$294.29M$77.89M$52.20M$70.84M$17.63M-$201.37M-$247.97M-$2.96M-$40.47M-$220.19M
Net Income-$504.99M-$534.51M-$61.62M-$113.04M-$19.16M-$37.60M-$334.25M-$301.97M-$52.66M-$60.66M-$159.74M
EPS (Diluted)n/a-$5.07-$0.81-$1.28-$0.20-$0.44-$3.94-$3.67n/a-$0.94-$3.55
Total Assets$1.97B$1.90B$2.54B$2.68B$1.82B$1.42B$1.37B$1.50B$1.72B$1.31B$1.20B
Total Liabilities$1.59B$1.48B$1.35B$1.43B$957.88M$725.83M$752.10M$568.97M$532.92M$266.39M$287.73M
Long-Term Debtn/an/an/an/an/an/an/a$293.67M$221.04M$121.39M$120.28M
Shareholders' Equity$383.22M$415.19M$1.00B$1.07B$859.42M$693.63M$619.60M$922.36M$1.14B$1.01B$702.53M
Cash & Equivalents$115.70M$151.86M$104.20M$192.82M$188.20M$266.28M$319.00M$101.01M$228.32M$238.43M$134.56M
Operating Cash Flow$54.32M$38.84M$18.77M$142.58M-$11.55M$38.75M-$16.23M-$42.65M-$20.65M-$27.96M-$35.51M
Capital Expendituresn/an/an/an/an/an/an/a$35.53M$39.55M$27.85M$15.53M
Free Cash Flown/an/an/an/an/an/an/a-$78.18M-$60.20M-$55.81M-$51.04M
Share Repurchasesn/a$40.00M$0$0n/an/an/an/an/an/an/a
Weighted Average Diluted Sharesn/a114.21M114.68M111.25M93.70M86.07M84.93M82.36Mn/a64.35M45.03M
EPS (Basic)n/a-$5.07-$0.81-$1.28-$0.20-$0.44-$3.94-$3.67n/a-$0.94-$3.55

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