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Evolent Health, Inc. EVH Shares (Diluted)

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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:WeightedAverageNumberOfDilutedSharesOutstanding.

The source filing: Evolent Health, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 8:53 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628908-26-000086
Line itemFor the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Loss before preferred dividends and accretion of Series A Preferred Stock$(28,364)$(19,897)$(54,996)$(84,515)
Dividends and accretion of Series A Preferred Stock(31,193)(38,825)
Net loss attributable to common shareholders of Evolent Health, Inc.$(28,364)$(51,090)$(54,996)$(123,340)
Weighted-average common shares outstanding - basic and diluted112,542115,882112,225115,600
Loss per common share
Basic and diluted$(0.25)$(0.44)$(0.49)$(1.07)

Item 1. Financial Statements

FAQ

What is Evolent Health, Inc.'s shares (diluted)?
Evolent Health, Inc. (EVH) reported shares (diluted) of 112.5M in Q2 2026.
How has Evolent Health, Inc.'s shares (diluted) changed year-over-year?
Evolent Health, Inc.'s shares (diluted) decreased by 2.9% year-over-year, from 115.9M to 112.5M.
What is the long-term trend for Evolent Health, Inc.'s shares (diluted)?
Over 4 years (2021 to 2025), Evolent Health, Inc.'s shares (diluted) has grown at a 7.7% compound annual growth rate (CAGR), from 342M to 459.5M.
What does shares (diluted) mean?
The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

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