Growth Metrics

Evolent Health (EVH) Cost Of Revenue (2023 - 2025)

Evolent Health has reported Cost of Revenue over the past 11 years, most recently at $371.5 million for Q4 2025.

  • For Q4 2025, Cost of Revenue fell 34.93% year-over-year to $371.5 million; the TTM value through Dec 2025 reached $1.5 billion, down 32.51%, while the annual FY2025 figure was $1.5 billion, 32.51% down from the prior year.
  • Cost of Revenue for Q4 2025 was $371.5 million at Evolent Health, down from $379.8 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $570.8 million in Q4 2024 and troughed at $157.8 million in Q1 2021.
  • A 5-year average of $343.0 million and a median of $347.9 million in 2023 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: surged 82.01% in 2022 and later tumbled 36.34% in 2025.
  • Year by year, Cost of Revenue stood at $164.5 million in 2021, then surged by 82.01% to $299.4 million in 2022, then surged by 51.8% to $454.4 million in 2023, then rose by 25.62% to $570.8 million in 2024, then crashed by 34.93% to $371.5 million in 2025.
  • Business Quant data shows Cost of Revenue for EVH at $371.5 million in Q4 2025, $379.8 million in Q3 2025, and $343.9 million in Q2 2025.