Evolent Health, Inc. (EVH)
NYSE: EVH · Real-Time Price · USD
3.140
+0.050 (1.62%)
Aug 3, 2026, 4:00 PM EDT - Market closed

Evolent Health Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,8891,8762,5551,9641,352907.96
Revenue Growth
-21.26%-26.56%30.09%45.26%48.91%-1.80%
Gross Profit
381.19399.88367.35460.47316.58250.41
Operating Income
-419.12-410.14-40.49-71.213.64-42.41
Net Income
-533.78-579.4-93.45-142.26-19.16-37.6
Earnings Per Share
-4.76-5.07-0.81-1.28-0.20-0.44
EPS Growth
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Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Medicaid
848.3818.31862.4785.05559.36421.07
Medicare
511.73464.241,046708.85458.41407.33
Commercial and Other
528.8593.68646.42469.99334.2479.56
Revenue (Total)
1,8891,8762,5551,9641,352907.96

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
166.01177.99163.5206.59202.69341.97
Total Debt
985.43989.7713.67644.8476.12280.47
Net Cash (Debt)
-819.42-811.71-550.18-438.2-273.4361.5
Net Cash Growth
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Net Cash Per Share
-7.23-7.11-4.80-3.94-2.920.71

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
33.2938.8418.77142.58-11.5538.75
Capital Expenditures
-31.9-34.09-24.89-28.75-38.36-24.98
Free Cash Flow
1.44.76-6.13113.84-49.9113.76
Free Cash Flow Growth
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Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
20.18%21.31%14.38%23.45%23.42%27.58%
Operating Margin
-22.19%-21.86%-1.58%-3.63%0.27%-4.67%
Pretax Margin
-26.32%-28.50%-2.47%-10.31%-4.59%-3.28%
Profit Margin
-26.38%-28.49%-2.41%-5.76%-1.38%-3.34%
FCF Margin
0.07%0.25%-0.24%5.80%-3.69%1.52%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
13.5216.8813.6638.4044.3257.19
P/FCF Ratio
59.9393.88-33.04-179.36
PS Ratio
0.190.240.511.922.082.72