# Evolent Health Inc. (EVH)

**Exchange:** NYSE  
**Sector:** Healthcare  
**Market cap:** $523M  
**Price:** $4.58 (+2.46%)

> Evolent Health Inc. is a healthcare solutions company that partners with healthcare providers to enhance patient care through innovative technology and services. Primarily focused on driving value-based care, Evolent Health provides a comprehensive platform integrating clinical and administrative tools designed to improve patient outcomes while reducing the costs associated with healthcare delivery. The company serves a wide array of clients, including hospitals, health systems, and physician organizations, helping them navigate the transition from fee-for-service to value-based care models. Evolent's services encompass a range of areas such as population health management, analytics, and care coordination. Founded in 2011 and headquartered in Arlington, Virginia, Evolent Health holds a significant position within the healthcare sector by enabling institutions to implement personalized and efficient care strategies. Its role in the financial market is underscored by the growing emphasis on cost-effective health management, making it a key player in addressing evolving healthcare trends and policies.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.88B | $400M | -$20M | -$535M | $-5.07 |
| 2024 | $2.55B | $367M | -$14M | -$62M | $-0.81 |
| 2023 | $1.96B | $460M | -$21M | -$113M | $-1.28 |
| 2022 | $1.35B | $317M | -$20M | -$19M | $-0.20 |
| 2021 | $908M | $250M | -$29M | -$38M | $-0.44 |
| 2020 | $925M | $228M | -$43M | -$334M | $-3.94 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.90B | $1.48B | $415M | $152M | $974M |
| 2024 | $2.54B | $1.54B | $1.00B | $104M | $515M |
| 2023 | $2.68B | $1.61B | $1.07B | $193M | $635M |
| 2022 | $1.82B | $958M | $859M | $188M | $469M |
| 2021 | $1.42B | $726M | $694M | $266M | $273M |
| 2020 | $1.37B | $752M | $620M | $319M | $326M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$425M | — | $5M |
| 2024 | $55M | — | -$6M |
| 2023 | $80M | — | $114M |
| 2022 | $12M | -$38M | -$50M |
| 2021 | $31M | -$25M | $14M |
| 2020 | -$289M | -$29M | -$46M |

Source: [CompaniesByCap](https://companiesbycap.com/company/EVH)