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Evolent Health, Inc. EVH Reportable segment — Goodwill impairment

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Other financials

Income statement

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Revenue$652.5M+46.9%
Gross profit$80.8M-19.5%
Operating income-$9.6M-716%
Net income-$28.4M-42.6%
EPS (diluted)-$0.25+43.2%

Balance sheet

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Cash & equivalents$115.7M-23.4%
Total debt$970.4M+13.7%
Total equity$383.2M-57.2%
Total assets$2.0B-19.9%

Cash flow

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Operating cash flow-$9.3M+69.3%

Valuation

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Market cap$446.58M-58.2%
Enterprise value$1.3B-26.5%
P/S0.2×-0.3×

Profitability

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Gross margin17.2%+0.9pp
Operating margin-20.4%-22.4pp
Net margin-24.1%-35.8pp
FCF margin-9.7%

Returns & leverage

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Return on equity-79%-99.2pp
Debt / equity2.5×+1.6×
Current ratio1.2×+0.2×

Where this comes from

Reported directly by Evolent Health, Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The source filing: Evolent Health, Inc.’s 10-K, filed February 25, 2026.

Filed
Feb 24, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001628908-26-000015
Line itemFor the Year Ended December 31, 2025For the Year Ended December 31, 20242023
Cost of revenue excluding medical expense and device costs and other segment items (2)376,321369,754358,265
Selling, general and administrative expenses excluding other segment items (3)251,959211,475267,454
Depreciation and amortization expenses115,851118,370123,415
Goodwill impairment398,000
Interest income(4,190)(5,544)(5,256)
Interest expense57,47124,72254,205
Gain (loss) from equity method investees(365)3,441(1,290)
Provision from income taxes(126)(1,413)(89,365)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Evolent Health, Inc.'s reportable segment — goodwill impairment?
Evolent Health, Inc. (EVH) reported reportable segment — goodwill impairment of $99.5M in Q4 2025.
What does reportable segment — goodwill impairment mean?
This metric reflects a non-cash charge recorded when the carrying value of a segment's goodwill exceeds its implied fair value, indicating a decline in the expected future economic benefits of acquired assets. It serves as a signal of potential overpayment for past acquisitions or a deterioration in the segment's long-term growth prospects. Investors monitor this to identify significant write-downs that impact the segment's book value and historical investment performance.

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