NYSE$EVH

Evolent Health Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Evolent Health reported Q1 2025 revenue of $483.6M with a net loss attributable to common shareholders of $72.3M and diluted EPS of $(0.63).

Revenue was $483.6 million, down 24% year over year on contract transitions and narrower Performance Suite scope. Net loss attributable to common shareholders was $72.3 million; diluted EPS was $(0.63). Specialty Technology and Services Suite growth partially offset Performance Suite declines.

  • Q1 revenue $483.6M (-24% YoY).
  • Net loss to common shareholders $72.3M; diluted EPS $(0.63).
  • Contract transitions and Medicaid membership headwinds.
  • Value-based care platform and Specialty Suite growth.

Headline financials

Total Revenue

$484M

Previous: $640M-24.4%
EPS (adj)

-$0.63

Previous: -$0.22-186.4%
Average Unique Members

40.6K

Previous: 39.9K+1.9%
Perf. Suite Lives

6.5K

Previous: 7.0K-8.0%
Specialty Suite Lives

77.1K

Previous: 72.3K+6.6%
Admin Services Lives

1.2K

Previous: 1.3K-3.3%
Cases

14

Previous: 15-6.7%
Perf. Suite PMPM

$15.57

Previous: $21.19-26.5%
Specialty Suite PMPM

$0.36

Previous: $0.41-12.2%
Admin Services PMPM

$15.72

Previous: $15.57+1.0%
Revenue per Case

$2.95K

Previous: $2.85K+3.4%
Net Income

-$64.6M

Previous: -$17.3M-273.9%
Operating Income

-$1.62M

Previous: -$13.4M+87.9%

Revenue & EPS history

Evolent Health · Revenue · Quarterly

$484M

Q1 2025-24.4%vs Q1 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Evolent Health · $92.7M total across 3 segments · Q3 2023

  • Cases
    $37.4M
  • Performance Suite
    $32.8M
  • Administrative Services
    $22.5M

Forward guidance

Management emphasizes path to profitability, liquidity, and cost discipline.

Tailwinds

  • Operating initiatives and partnership milestones.
  • Cash runway supports near-term plans.

Headwinds

  • Operating losses and financing needs.
  • Macro and competitive uncertainty.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+2.2%

Avg return

Earnings day

+1.2%

Avg return

5 days after

-1.9%

Avg return

30 days after

65%

32 / 49 earnings

Positive

+29.2%

Q2 2024

Best reaction

-46.1%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.5%+8.6%+9.9%
Q4 2025+25.0%+39.8%-13.7%
Q3 2025-17.5%-25.8%-34.3%
Q1 2025-16.2%-17.1%-22.7%
Q4 2024-2.6%-11.8%-10.6%
Q3 2024-46.1%-41.7%-55.0%
Q2 2024+29.2%+28.5%+49.3%
Q1 2024-10.3%-12.5%-13.9%
Q4 2023+13.8%+14.1%+8.3%
Q3 2023+13.5%+18.4%+20.4%
Q2 2023-7.5%-4.6%-14.2%
Q1 2023-4.3%-0.9%-11.4%
Q4 2022+9.1%+9.0%-4.4%
Q3 2022-10.8%-22.4%-1.2%
Q2 2022+4.9%+2.7%+6.2%
Q1 2022+0.9%-8.5%+4.0%
Q4 2021+13.9%+16.4%+34.8%
Q3 2021+3.4%+0.3%-10.4%
Q2 2021+3.5%+2.9%+13.5%
Q1 2021+8.2%+11.7%+5.2%
Q4 2020-3.1%-6.9%-0.9%
Q3 2020+6.9%+15.3%+41.0%
Q2 2020+8.3%+8.8%+13.7%
Q1 2020+12.6%+11.4%-1.6%
Q4 2019-13.7%-18.2%-48.0%
Q3 2019+16.3%+29.7%-14.4%
Q2 2019+9.3%+17.2%+13.4%
Q1 2019-1.3%+0.9%-34.6%
Q4 2018-3.5%-8.8%-14.2%
Q3 2018+14.5%+10.8%-8.5%
Q2 2018+1.4%+5.0%+17.2%
Q1 2018+8.4%+12.8%+36.4%
Q4 2017+1.0%+5.5%-1.7%
Q3 2017-13.4%-27.5%-16.0%
Q2 2017-17.6%-23.7%-25.9%
Q1 2017+3.3%+5.0%+14.2%
Q4 2016+5.7%+1.2%+8.0%
Q3 2016-3.1%-9.7%-13.9%
Q2 2016+3.8%+9.6%+3.1%
Q1 2015+0.7%
Q1 2016+14.5%
Q4 2013+3.9%
Q1 2014+3.9%
Q2 2015+3.9%
Q4 2015+14.6%
Q3 2014+12.0%
Q3 2015+11.8%
Q2 2014-8.5%
Q4 2014-8.5%

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