Evolent Health (EVH) Operating Expenses (2015 - 2026)
Evolent Health (EVH) posted quarterly Operating Expenses of $506.8 million for Q1 2026, up 4.45% year-over-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.
- In Q1 2026, Operating Expenses rose 4.45% year-over-year to $506.8 million; the TTM figure through Mar 2026 stood at $2.3 billion (down 4.92% YoY), while the FY2025 annual figure 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.
- The 5-year median for Operating Expenses is $490.7 million (2023), against an average of $516.0 million.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses jumped 55.74% in 2023, then sank 30.32% in 2025.
- Evolent Health's Operating Expenses stood at $384.3 million in 2022, then surged by 50.24% to $577.4 million in 2023, then rose by 15.19% to $665.1 million in 2024, then surged by 31.84% to $877.0 million in 2025, then slumped by 42.2% to $506.8 million in 2026.
- Business Quant data shows EVH's Operating Expenses at $506.8 million in Q1 2026, $877.0 million in Q4 2025, and $478.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Evolent Health | 529.12 Mn | 387.65 Mn | 80.84 Mn | 662.08 Mn |
Historic Data
Download 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 |