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
Download Data| Date | Value |
|---|---|
| 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 |