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

Evolent Health's (EVH) 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 (EVH) Operating Expenses (2015 - 2026) Analysis & Trends

Evolent Health's Operating Expenses history runs 12 years deep, the most recent figure standing at $506.8 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 4.45% year-over-year to $506.8 million in Q1 2026; TTM through Mar 2026 was $2.3 billion, a 4.92% decrease from a year earlier, with the FY2025 full-year figure at $2.3 billion, down 11.9% from the prior year.
  • Operating Expenses declined to $506.8 million in Q1 2026 per EVH's latest filing, from $877.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $877.0 million in Q4 2025 and bottomed at $299.9 million in Q1 2022.
  • The 5-year median for Operating Expenses is $490.7 million (2023), against an average of $516.0 million.
  • Across the five-year window, Operating Expenses jumped 55.74% in 2023 and slumped 30.32% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $384.3 million in 2022, then soared by 50.24% to $577.4 million in 2023, then gained by 15.19% to $665.1 million in 2024, then soared by 31.84% to $877.0 million in 2025, then sank by 42.2% to $506.8 million in 2026.
  • Per Business Quant, the three latest EVH Operating Expenses figures stand at $506.8 million (Q1 2026), $877.0 million (Q4 2025), and $478.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 388.91 Mn
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn 360.77 Mn
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 153.36 Mn
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn 123.22 Mn
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 122.16 Mn
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn 398.00 Mn
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 233.41 Mn
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 101.14 Mn
9 Privia Health 3.10 Bn 2.73 Bn - 596.43 Mn
10 Evolent Health 517.00 Mn 351.02 Mn 83.77 Mn 506.85 Mn

Historic Data

Download Data
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