Evolent Health, Inc.
Evolent Health, Inc. (NYSE: EVH) is a market leader in specialty care management and value-based care solutions serving health plans, providers, and other risk-bearing payers across the United States. The company operates through a single reportable segment, delivering integrated technology-enabled services designed… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Evolent Health, Inc. does
In the company’s own words
Evolent Health, Inc. (NYSE: EVH) is a market leader in specialty care management and value-based care solutions serving health plans, providers, and other risk-bearing payers across the United States. The company operates through a single reportable segment, delivering integrated technology-enabled services designed to improve clinical outcomes while reducing healthcare costs for patients with complex conditions including cancer, cardiovascular disease, and musculoskeletal diagnoses.
Founded in 2011 through a partnership between management, the University of Pittsburgh Medical Center, and The Advisory Board Company, Evolent has grown organically and through strategic acquisitions to build a comprehensive platform addressing the healthcare industry's shift toward value-based payment models. The company's primary solution, Specialty Care Management Services, represents the majority of revenues and focuses on oncology, cardiology, and musculoskeletal care management. This solution combines three core capabilities: assembling high-performance provider networks, designing evidence-based clinical pathways, and deploying proprietary specialty care management technology including the CareProTM platform.
Evolent's secondary offering, Administrative Services, includes its proprietary Identifi® platform alongside comprehensive health plan administration capabilities spanning third-party administration, pharmacy benefit management, risk management, analytics and reporting, and leadership services. The company serves multiple customer types including health systems, providers, physicians, health plans, and delegated arrangements across Medicare, Medicaid, and commercial markets.
The company's competitive strengths include its provider-heritage brand identity, early innovation in value-based care, differentiated integrated service offerings, proprietary technology platforms, and partnership-driven business model that aligns incentives through risk-sharing arrangements. Evolent's revenue model is primarily based on fixed fees per member per month, with certain services billed on a per-case basis. The business benefits from scale as centralized resources and technologies are leveraged across an expanding partner base.
Notable acquisitions shaping the current business include New Century Health in 2018, which formed the foundation of the specialty care management solution, along with subsequent acquisitions of companies specializing in oncology, cardiology, radiology, musculoskeletal, and genetics care management. The company maintains its website at www.evolenthealth.com.
Company details
- Sector
- Industrials
- Industry
- Professional Services
- Headquarters
- ARLINGTON, VA
- Fiscal year end
- December
- CIK
- 1628908
- SIC
- 8741
Financial performance, year by year
Fiscal 2015–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Evolent Health, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Evolent Health, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Evolent Health, Inc.’s bonds, as funds hold them
Funds report holding 2 issues of Evolent Health, Inc.’s debt, $22.22M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.78%, maturing 2029 to 2031.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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