Growth Metrics

Evolent Health (EVH) Operating Expenses (2015 - 2026)

Evolent Health's quarterly Operating Expenses came in at $506.8 million in Q1 2026, up 4.45% year-on-year from $485.3 million in Q1 2025, and down 42.2% quarter-over-quarter from $877.0 million in Q4 2025.

Evolent Health has reported Operating Expenses for 12 years, with the latest figure at $506.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 4.45% year-over-year to $506.8 million; the trailing twelve-month figure through Mar 2026 stood at $2.3 billion (down 4.92% YoY), and the FY2025 full-year result was $2.3 billion, down 11.9% from the prior year.
  • Operating Expenses for Q1 2026 stood at $506.8 million, down from $877.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $877.0 million in Q4 2025, with the low at $299.9 million in Q1 2022.
  • Average Operating Expenses over 5 years is $516.0 million, with a median of $490.7 million recorded in 2023.
  • Year-over-year, Operating Expenses jumped 55.74% in 2023 and slumped 30.32% in 2025.
  • Tracing EVH's Operating Expenses over 5 years: stood at $384.3 million in 2022, then jumped by 50.24% to $577.4 million in 2023, then advanced by 15.19% to $665.1 million in 2024, then jumped by 31.84% to $877.0 million in 2025, then slumped by 42.2% to $506.8 million in 2026.
  • The last three Operating Expenses figures came in at $506.8 million (Q1 2026), $877.0 million (Q4 2025), and $478.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 30.85 Bn 24.28 Bn 622.47 Mn 376.60 Mn
2 BrightSpring Health Services 12.29 Bn 11.41 Bn 482.22 Mn 360.77 Mn
3 Healthequity 7.80 Bn 7.48 Bn 256.31 Mn 153.36 Mn
4 Hinge Health 4.82 Bn 4.51 Bn 154.23 Mn 122.16 Mn
5 Doximity 4.21 Bn 3.46 Bn 125.97 Mn 101.14 Mn
6 Waystar Holding 4.18 Bn 4.03 Bn 268.04 Mn 233.41 Mn
7 10x Genomics 3.78 Bn 3.24 Bn 106.18 Mn 123.22 Mn
8 Privia Health 2.65 Bn 2.28 Bn 595.71 Mn 596.43 Mn
9 Omnicell 1.95 Bn 1.78 Bn 140.36 Mn 123.51 Mn
10 Evolent Health 467.76 Mn 301.79 Mn 83.77 Mn 506.85 Mn

Historic Data

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DateValue
Mar 31, 2026 506.85 Mn
Dec 31, 2025 876.95 Mn
Sep 30, 2025 478.65 Mn
Jun 30, 2025 445.50 Mn
Mar 31, 2025 485.27 Mn
Dec 31, 2024 665.14 Mn
Sep 30, 2024 637.67 Mn
Jun 30, 2024 639.36 Mn
Mar 31, 2024 653.06 Mn
Dec 31, 2023 577.41 Mn
Sep 30, 2023 528.95 Mn
Jun 30, 2023 490.70 Mn
Mar 31, 2023 438.05 Mn
Dec 31, 2022 384.31 Mn
Sep 30, 2022 339.63 Mn
Jun 30, 2022 324.57 Mn
Mar 31, 2022 299.86 Mn
Dec 31, 2021 260.57 Mn
Sep 30, 2021 229.05 Mn
Jun 30, 2021 229.73 Mn
Mar 31, 2021 231.02 Mn
Dec 31, 2020 246.80 Mn
Sep 30, 2020 256.02 Mn
Jun 30, 2020 443.13 Mn
Mar 31, 2020 246.32 Mn
Dec 31, 2019 451.12 Mn
Sep 30, 2019 240.28 Mn
Jun 30, 2019 217.19 Mn
Mar 31, 2019 244.40 Mn
Dec 31, 2018 206.46 Mn
Sep 30, 2018 160.98 Mn
Jun 30, 2018 153.26 Mn
Mar 31, 2018 153.85 Mn
Dec 31, 2017 131.98 Mn
Sep 30, 2017 121.93 Mn
Jun 30, 2017 126.19 Mn
Mar 31, 2017 127.69 Mn
Dec 31, 2016 121.88 Mn
Sep 30, 2016 76.05 Mn
Jun 30, 2016 69.15 Mn
Mar 31, 2016 224.53 Mn
Dec 31, 2015 60.25 Mn
Sep 30, 2015 57.65 Mn
Jun 30, 2015 21.95 Mn