Evolent Health Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	-	2,555	1,964	1,352	907.96
Revenue Growth (YoY)	-	30.09%	45.26%	48.91%	-1.80%
Cost of Revenue	1,476	2,187	1,503	1,035	657.55
Gross Profit	-1,476	367.35	460.47	316.58	250.41
Selling, General & Admin	303.87	263.05	358.11	269.27	219.5
Depreciation & Amortization Expenses	115.85	118.37	123.42	67.2	60.04
Other Operating Expenses	390.3	26.42	50.16	-23.52	13.28
Total Operating Expenses	810.02	407.84	531.68	312.94	292.82
Operating Income	-410.14	-40.49	-71.21	3.64	-42.41
Interest Income	4.19	5.54	5.26	1.37	0.41
Interest Expense	-57.47	-24.72	-54.21	-15.57	-25.43
Other Non-Operating Income (Expense)	-71.22	-3.37	-82.25	-51.52	37.63
Total Non-Operating Income (Expense)	-124.5	-22.55	-131.19	-65.72	12.61
Pretax Income	-534.64	-63.04	-202.41	-62.08	-29.8
Provision for Income Taxes	-0.13	-1.41	-89.37	-43.38	0.48
Net Income	-579.4	-93.45	-142.26	-19.16	-37.6
Net Income Attributable to Preferred Dividends	-44.89	-31.83	-29.22	-	-
Earnings From Discontinued Operations	-	-	-	-0.46	-7.32
Net Income to Common	-579.4	-93.45	-142.26	-19.16	-37.6
Shares Outstanding (Basic)	114	115	111	94	86
Shares Outstanding (Diluted)	114	115	111	94	86
Shares Change (YoY)	-0.41%	3.08%	18.73%	8.87%	1.34%
EPS (Basic)	-5.07	-0.81	-1.28	-0.20	-0.44
EPS (Diluted)	-5.07	-0.81	-1.28	-0.20	-0.44
Shares Outstanding	111.6	116.56	113.89	99.96	89.22
Free Cash Flow	4.76	-6.13	113.84	-49.91	13.76
Free Cash Flow Per Share	0.04	-0.05	1.02	-0.53	0.16
Gross Margin	-	14.38%	23.45%	23.42%	27.58%
Operating Margin	-	-1.58%	-3.63%	0.27%	-4.67%
Profit Margin	-	-2.41%	-5.76%	-1.38%	-3.34%
FCF Margin	-	-0.24%	5.80%	-3.69%	1.52%
EBITDA	-294.29	77.89	52.2	70.84	17.63
EBITDA Margin	-	3.05%	2.66%	5.24%	1.94%
EBIT	-410.14	-40.49	-71.21	3.64	-42.41
EBIT Margin	-	-1.58%	-3.63%	0.27%	-4.67%
Effective Tax Rate	0.02%	2.24%	44.15%	69.87%	-1.62%

Updated Feb 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q