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EVH

Evolent Health, Inc.

EVH

NYSE·Healthcare·Medical - Healthcare Information Services·Mkt cap $645.6M

$5.71

-0.52%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$2.10 - $12.07

P/E

-1.22

Fwd P/E

18.52

Beta

0.83

Div Yield

0.00%

Avg Vol

2.7M

Shares Out

111.6M

Mkt Cap

$645.6M

Price action

Price chart

Down 51.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Proprietary Identifi technology platform that aggregates data, manages workflows, and enables patient engagement at scale
  • Dual expertise spanning both payer and provider perspectives, enabling comprehensive end-to-end solutions
  • Established relationships with major health plans and healthcare systems built over 12+ years of operations
  • Specialized clinical capabilities in high-cost specialty care areas (oncology and cardiology) with proven cost management track records

Bear Case

1 risk

  • Average volatility.

Growth

Turning profitable

Industry-wide shift from fee-for-service to value-based care models creating sustained demand for transition solutions

Value

Fairly valued vs Healthcare IT & Services peers

Momentum

Hot

+155.1% over 3m

Quality

Thin

Solid business

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 6, 2026

Q2 26 RECAP

MAY 7, 2026

Reported EPS of -$0.02 vs -$0.05 consensus (+60.0% surprise). Revenue of $496.2M vs $534.0M expected (-7.1%).

EPS beat +60.0%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+60.0%

Next: May 6, 2026

Revenue trend · last 8Q

+16%

-24%

-31%

-23%

-28%

+3%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$647.1M

$621.4M

$646.5M

$483.6M

$444.3M

$479.5M

$468.7M

$496.2M

Margins · last 8Q

Gross

Operating

Profit

-5.4%

Wall Street consensus

9 analysts · 78% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

7

78%

Hold

2

22%

Sell

0%

Median Price Target

$6.00

+5.1% vs $5.71

Low $6.00
Median $6.00
High $6.00

Latest: Citi · May 15, 2026

1 analyst covering

vs Industry

How EVH stacks vs Medical - Healthcare Information Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.