NYSE$EVH
Evolent Health Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Announced second quarter results with revenue increase and strategic partnership additions.
Evolent Health reported a 44.1% increase in revenue to $319.9 million for Q2 2022, with a net loss of $4.6 million and adjusted EBITDA of $21.7 million. The company added 10 new operating partnerships in 2022, exceeding its annual goal. They also closed the acquisition of IPG.
- Revenue increased by 44.1% to $319.9 million compared to Q2 2021.
- Net loss attributable to common shareholders was $4.6 million, resulting in a net loss margin of (1.43)%.
- Adjusted EBITDA reached $21.7 million, with an adjusted EBITDA margin of 6.8%.
- Total lives on platform reached 21.9 million, including 2.1 million Evolent Health Services lives and 19.8 million Clinical Solutions lives.
Headline financials
Revenue & EPS history
Evolent Health · Revenue · Quarterly
$320M
Revenue by segment
Evolent Health · $92.7M total across 3 segments · Q3 2023
- Cases$37.4M—40.3%
- Performance Suite$32.8M—35.4%
- Administrative Services$22.5M—24.3%
Forward guidance
For Q3 2022, revenue is expected to be in the range of $343.0 million to $363.0 million, and adjusted EBITDA is expected to be in the range of $24.0 million to $29.0 million. For full year 2022, revenue is expected to be in the range of $1.32 billion to $1.36 billion, and adjusted EBITDA is expected to be in the range of $95.0 million to $105.0 million.
Tailwinds
- Revenue for Q3 2022 is projected to be between $343.0 million and $363.0 million.
- Adjusted EBITDA for Q3 2022 is anticipated to be between $24.0 million and $29.0 million.
- Full year 2022 revenue is expected to range from $1.32 billion to $1.36 billion.
- Adjusted EBITDA for the full year 2022 is projected to be between $95.0 million and $105.0 million.
- Cash deployed for software development is expected to be in the range of $30 million - $35 million for the year ended December 31, 2022.
Headwinds
- Actual results may differ materially from forward-looking statements due to various risks and uncertainties.
- Significant portion of revenue is derived from largest partners, and loss of such partners may adversely affect the company.
- Uncertainty in the health care regulatory framework may impact the company's performance.
- Risks related to completed and future acquisitions may result in unanticipated costs.
- The company's ability to maintain profitability for performance-based contracts is subject to risk.
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 Q2 2022
+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
| Quarter | Report date | Reaction (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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