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Companies / Health Care / Evolent Health, Inc.
EVH

Evolent Health, Inc.

Health CareProfessional Services
Ticker EVHARLINGTON, VAFiscal year ends DecemberBook value per share $3.31Diluted shares 112.5M

Evolent Health, Inc. (NYSE: EVH) provides technology-enabled health care management services for health plans, other risk-bearing entities and payers, supporting physicians and other providers in delivering evidence-based care to patients with complex conditions. Its specialty care management services focus on… From the company’s description.

Over the twelve months to Sep 30, 2026, Evolent Health, Inc. reported revenue of $2.34B, up 14.1% from a year earlier, and a net loss of $507.69M. Its operating margin was −18.5%, and operations generated $64.88M in cash. In fiscal 2025, it reported revenue of $1.88B, down 26.6% from fiscal 2024, and a net loss of $534.51M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.88BFY2025
−26.6% year over year
Last 12 mo $2.34B
-21.86%FY2025
−20.3 percentage points
Last 12 mo -18.55%
$-534.51MFY2025
−767.4% year over year
Last 12 mo $-507.69M
-32.86%FY2025
−27 percentage points
Last 12 mo -136.17%
Cash & financing
$38.84MFY2025
+107.0% year over year
Last 12 mo $64.88M
$4.76MFY2025
+177.6% year over year
Last 12 mo $36.66M
2.34FY2025
Was 0.66× a year earlier
Last 12 mo 2.60
114.2MFY2025
−0.4% year over year
Last 12 mo 112.5M

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) provides technology-enabled health care management services for health plans, other risk-bearing entities and payers, supporting physicians and other providers in delivering evidence-based care to patients with complex conditions. Its specialty care management services focus on oncology, cardiology and musculoskeletal care, with related services in radiology, genetic testing and advance care planning; it also offers health plan administration, pharmacy benefit management, risk management, analytics and reporting, and leadership services. Proprietary platforms include Identifi®, which supports data integration and care workflows, and CarePro™, which provides specialty clinical decision support. Evolent has one operating and reportable segment, assessed on a consolidated basis. The company was founded in 2011 and expanded through acquisitions, including New Century Health in 2018, which established the foundation of its specialty care management business. It markets its services to payers and providers across the United States. Its website is www.evolent.com.

Company details
Sector
Health Care
Industry (SIC)
Professional Services
Headquarters
ARLINGTON, VA
Fiscal year end
December
CIK
1628908
SIC
8741

Financial performance, year by year

Fiscal 2015–2025 · USD
$-843.44M$83.34M$1.01B$1.94B$2.86B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The 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.

Ownership

Who owns Evolent Health, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

154
funds hold it
0 of 35
superinvestors hold it
$102.92M
held by funds, at market
19.0%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Evolent Health, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets
iShares Russell 2000 Value ETF
IWN · iShares Trust
0.03%of fund net assets

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.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Evolent Health, Inc. and its peers compare on margins and cash generation over ten years?”
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