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Evolent Health, Inc. (EVH)
NYSE: EVH · Real-Time Price · USD
3.840
+0.230 (6.37%)
At close: Oct 6, 2026, 4:00 PM EDT
3.850
+0.010 (0.26%)
After-hours: Oct 6, 2026, 7:30 PM EDT

Evolent Health Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
2,0971,8762,5551,9641,352907.96
Revenue Growth
-4.50%-26.56%30.09%45.26%48.91%-1.80%
Gross Profit
361.64399.88367.35460.47316.58250.41
Operating Income
-27.84-4.4423.9414.18-19.88-17.41
Net Income
-511.06-579.4-93.45-142.26-19.16-37.6
Earnings Per Share
-4.54-5.07-0.81-1.28-0.20-0.44
EPS Growth
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Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Medicaid
872.79818.31862.4785.05559.36421.07
Medicare
627.98464.241,046708.85458.41407.33
Commercial and Other
596.25593.68646.42469.99334.2479.56
Revenue (Total)
2,0971,8762,5551,9641,352907.96

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
115.7151.86104.2192.83188.2266.28
Total Debt
970.43989.7713.67644.8476.12280.47
Net Cash (Debt)
-854.73-837.84-609.47-451.97-287.92-14.19
Net Cash Growth
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Net Cash Per Share
-7.60-7.34-5.31-4.06-3.07-0.16

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
54.3238.8418.77142.58-11.5538.75
Capital Expenditures
26.07-34.09-33.12-28.75-47.53-27.5
Free Cash Flow
80.394.76-14.35113.84-59.0811.25
Free Cash Flow Growth
------

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
17.24%21.31%14.38%23.45%23.42%27.58%
Operating Margin
-1.33%-0.24%0.94%0.72%-1.47%-1.92%
Pretax Margin
-23.95%-28.50%-2.47%-10.31%-4.59%-3.28%
Profit Margin
-24.37%-30.88%-3.66%-7.24%-1.42%-4.14%
FCF Margin
3.83%0.25%-0.56%5.80%-4.37%1.24%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
10.9316.8813.6638.4044.3257.19
P/FCF Ratio
5.4093.88-33.36-216.09
PS Ratio
0.210.240.511.932.072.68