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EV

Evolent Health, Inc.

EVHHealthcareNASDAQ

Health Information Services

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Financials · Annual
Revenue
$1.88B
-26.6% YoY
Net Income
-$534.5M
-767.4% YoY
EBITDA
-$361.3M
-551.3% YoY
Free Cash Flow
$52.9M

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About Evolent Health, Inc.

Evolent Health, Inc., through its subsidiary, provides specialty care management services in oncology, cardiology, and musculoskeletal markets in the United States. Valued at $444.3M, EVH is a small-cap name in its sector. The company offers integrated value-based care platform for health plan administration and management.

Key stats
Market Cap$444.3M
Fwd P/E9.78
EPS$-4.68
Beta0.83
52W Change-47.8%
ROE-65.1%
Analysis

The company holds $142.0M in cash, though total debt stands at $985.4M. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Annual free cash flow of $52.9M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. ROE of -65.1% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $1.35B (2022) to $1.88B (2025), reflecting a 39% increase over the period.

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Evolent Health, Inc.'s trajectory.

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