10-Q quarterly report · filed Nov 7, 2025

Evolent Health, Inc. (EVH) Q3 2025 10-Q Quarterly Report

Short answer

Evolent Health, Inc. (EVH) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $480M (down 22.8% year over year) with net income of −$21M.

Q3 2025 key financials · XBRL

Revenue
$480M
−22.8% YoY · +7.9% QoQ
Net income
−$21M
+9.8% YoY · −4.9% QoQ
Operating margin
0.2%
EPS (diluted)
−$0.24
+11.1% YoY · +45.5% QoQ

Source: XBRL data from the Evolent Health, Inc. (EVH) Q3 2025 10-Q on SEC EDGAR. USD.

Evolent Health, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • MD&A excerpt contains no quarterly revenue, year-over-year, profitability, or segment results

Risk Factors

  • New 2031 Notes issuance triggered conversion risk, potentially requiring cash settlement and reducing liquidity
  • $1,085.0 million debt outstanding as of September 30, 2025, constraining cash available for growth and acquisitions
  • OBBBA healthcare changes could reduce Medicaid, Medicare, and ACA enrollment and materially affect results
  • Medicare Advantage market terminations and declining enrollment threaten partner-linked revenue through 2026
  • Floating-rate SOFR exposure could significantly increase debt-service obligations if interest rates rise further

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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