Evolent Health (EVH) Operating Expenses (2015 - 2026)
Evolent Health (EVH) posted Operating Expenses of $662.1 million for Q2 2026, up 30.63% on a QoQ basis from $506.8 million in Q1 2026, and up 48.62% year-over-year from $445.5 million in Q2 2025.
Analysis
Evolent Health (EVH) Operating Expenses (2015 - 2026) Analysis & Trends
Evolent Health has reported Operating Expenses for 12 years, with the latest figure at $662.1 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 48.62% year-over-year to $662.1 million in Q2 2026; TTM through Jun 2026 was $2.5 billion, a 13.03% increase from a year earlier, with the FY2025 full-year figure at $2.3 billion, down 11.9% from the prior year.
- Operating Expenses was $662.1 million for Q2 2026 at Evolent Health, up from $506.8 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 $524.1 million, with a median of $498.8 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses soared 55.74% in 2023, then sank 30.32% in 2025.
- Over 5 years, Operating Expenses 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 slipped by 24.5% to $662.1 million in 2026.
- The last three Operating Expenses figures came in at $662.1 million (Q2 2026), $506.8 million (Q1 2026), and $877.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Davita | 11.76 Bn | 12.64 Bn | 1.16 Bn | 2.98 Bn |
| 2 | RadNet | 5.80 Bn | 5.37 Bn | 88.08 Mn | 583.25 Mn |
| 3 | Fresenius Medical Care AG | 4.79 Bn | 4.09 Bn | 1.52 Bn | 901.58 Mn |
| 4 | Concentra Group Holdings Parent | 4.40 Bn | 4.26 Bn | 192.10 Mn | 490.51 Mn |
| 5 | Privia Health | 2.61 Bn | 2.25 Bn | - | 620.86 Mn |
| 6 | Pediatrix Medical | 2.20 Bn | 1.79 Bn | - | 430.86 Mn |
| 7 | Progyny | 2.01 Bn | 1.77 Bn | 89.30 Mn | 49.30 Mn |
| 8 | Surgery Partners | 1.87 Bn | 3.08 Bn | 622.10 Mn | 746.80 Mn |
| 9 | U S Physical Therapy | 1.18 Bn | 1.47 Bn | 41.94 Mn | 172.12 Mn |
| 10 | Evolent Health | 488.42 Mn | 346.95 Mn | 80.84 Mn | 662.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 662.08 Mn |
| 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 |