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Evolent Health, Inc. EVH Goodwill impairment

Discontinued — last reported Q4 '25

Goodwill impairment at other companies

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Health CatalystHCAT
$27.05M-6.0%
ExlService Holdings logo
ExlService HoldingsEXLS
$0
Astrana Health logo
Astrana HealthASTH
$0
Definitive Healthcare Corp. logo
Definitive Healthcare Corp.DH
$0

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
Loss on lease termination67618,922
(Gain) loss on disposal of non-strategic assets(14,867)8,107
Right-of-use assets impairment2,58824,065
Goodwill impairment398,000
Change in fair value of contingent consideration6,4954,90817,984
Operating expenses2,286,3672,595,2262,035,107
Operating loss(410,138)(40,485)(71,211)
Interest income4,1905,5445,256

Item 8. Financial Statements and Supplementary Data

FAQ

What is Evolent Health, Inc.'s goodwill impairment?
Evolent Health, Inc. (EVH) reported goodwill impairment of $99.5M in Q4 2025.
What does goodwill impairment mean?
Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

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