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Evolent Health, Inc. (EVH) stock

EVHNYSEServices-Management ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 7/3030% below fair value
$4.99+0.19 (+3.96%)

Close on Nov 11, 2026Market cap $564.17MP/E –Yield –

Evolent Health, Inc. grew revenue 14.1% to $2.34B over the twelve months to Sep 30, 2026. At the latest close the market valued the company at $564.17M.

Revenue
$2.34B
+14.1% vs. a year earlier
Operating income
-$434.58M
TTM Q3 2026
EPS, diluted
-$4.54
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$564.17M
P/E ratio
–
Price to sales
0.24
Price to book
1.51
Dividend yield
–
Free cash flow yield
–

Fundamentals

Revenue
$2.34B
Net income
-$507.69M
EPS, diluted
-$4.54
Book value per share
$3.30
Diluted shares
113M

Trading

Next earnings
Feb 23, 2027 (estimated, during market hours)
Previous close
$4.80
Open
$4.78
Day's range
$4.77 – $5.00
Volume
2,204,827
Average volume (20 days)
1,859,569
Index membership
Russell 2000, Russell 3000
Beta (5 years)
0.82
52-week range
$2.10 – $6.25
RSI (14 days)
62.4
Volatility (1 year)
79.3%
Relative volume
0.83×
WACC
6.9%

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2015, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodEVHS&P 500DifferenceEVH per yearS&P 500 per year
1 month+23.5%-2.4%+25.9 pts
3 months+21.7%-1.2%+22.9 pts
Year to date+24.8%+12.3%+12.5 pts
1 year-1.0%+12.4%−13.4 pts
3 years-82.2%+78.8%−161.0 pts-43.7%+21.4%
5 years-82.6%+75.2%−157.8 pts-29.5%+11.9%
10 years-70.8%+311.1%−381.9 pts-11.6%+15.2%

Fourteen years at a glance

Fiscal years 2012 to 2025 and trailing twelve months, USD

Revenue

$2.34B+14.1% YoY

Gross profit

$350.28M-7.4% YoY

Operating income

-$434.58M

Net income

-$507.69M

EPS, diluted

-$4.54

Free cash flow

–
Reported periodTrailing twelve months

Press releases

Releases Evolent Health filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Evolent Health

Services-Management Services

Evolent coordinates healthcare for individuals with complex conditions, including cardiovascular disease, cancer, and musculoskeletal disorders. The company operates through a single reportable segment and delivers two primary offerings: specialty care management services and administrative services. Its specialty care management platform assists in clinical decision-making, establishes provider networks, and develops evidence-based treatment pathways. Its administrative services provide health plan operations, risk management, pharmacy benefit management, and analytics supported by its proprietary technology platform. Evolent serves healthcare payers, health plans, and risk-bearing entities, while supporting affiliated medical providers who deliver patient care.

Company profile, executives and history

Evolent Health stock: common questions

What is Evolent Health's stock price?

EVH closed at $4.99 on Nov 11, 2026, up 3.96% on the day. Over the past 52 weeks it traded between $2.10 and $6.25.

What is Evolent Health's market cap?

Evolent Health was worth $564.17M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is EVH's P/E ratio?

Evolent Health lost money over the twelve months to Sep 30, 2026 (diluted EPS -$4.54), so it has no meaningful P/E ratio.

How much revenue does Evolent Health make?

Evolent Health reported revenue of $2.34B for the twelve months to Sep 30, 2026, up 14.1% from a year earlier.

Does Evolent Health pay a dividend?

No. Evolent Health has not paid a cash dividend over the last twelve months.

When does Evolent Health report earnings next?

Evolent Health is expected to report Q4 FY2026 results on Feb 23, 2027, during market hours. The date is estimated from its past reporting pattern until the company confirms it.

How has EVH stock performed over the past year?

Including dividends, EVH returned -1.0% over the past year, against +12.4% for the S&P 500.

How many EVH shares are sold short?

11M shares were sold short at the latest FINRA report, 9.70% of the float, or 7.0 days of average trading volume.

Who are Evolent Health's competitors?

Companies most similar to Evolent Health by business, industry and size include ASTH, HURN, RTO, ICFI, IT.

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