Evolent Health, Inc.
EVH · Services-Management Services · 112.5M shares · +8%/yr ↑ dilution · EDGAR filings ↗
Reference price $3.82 · est. market cap ~$430M — last insider purchase, 2025-11-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D51gen composite 20pct→51; net + operating loss
Notable findings
- High leverageHigh leverage (debt/equity 2.34)
- Net lossNet loss (net margin -28.5%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, RENAISSANCE TECHNOLOGIES LLC
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
21.3%
Operating margin
-21.9%
Net margin
-28.5%
Return on equity
-128.7%
Return on assets
-28.1%
ROIC
-23.4%
Revenue growth (QoQ)
2.6%
Debt / equity
2.3×
Current ratio
1.3×
EBITDA
-$294M
Tangible book value
-$864M
Cash & investments
$152M
Stock comp / revenue
2.1%
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Seth Blackley | Chief Executive Officer | $14M FY2025 |
| Daniel McCarthy | PRESIDENT | $10M FY2025 |
| Emily Rafferty | Chief Operating Officer | $2M FY2025 |
| John Johnson | Chief Financial Officer | $5M FY2025 |
| Jonathan Weinberg | General Counsel | $3M FY2025 |
| Shams Aammaad | Chief Accounting Officer | — |
| Brendan Springstubb | Director | $373K FY2025 |
| Cheryl Scott | Director | $282K FY2025 |
| Craig Barbarosh | Director | $282K FY2025 |
| Holder Diane | Director | — |
| Kim Keck | Director | $292K FY2025 |
| Peter Grua | Director | $280K FY2025 |
| Richard Jelinek | Director | $425K FY2025 |
| Russell Glass | Director | $275K FY2025 |
| Shawn Guertin | Director | $270K FY2025 |
| Smith Jill D. | Director | — |
| Toyin Ajayi | Director | $282K FY2025 |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | Ajayi Toyin | Grant | 41K | — |
| 2026-06-04 | Glass Russell Monroe | Grant | 41K | — |
| 2026-06-04 | GRUA PETER J | Grant | 41K | — |
| 2026-06-04 | GUERTIN SHAWN M | Grant | 41K | — |
| 2026-06-04 | Jelinek Richard M | Grant | 41K | — |
| 2026-06-04 | KECK KIM | Grant | 41K | — |
| 2026-06-04 | Smith Jill D. | Grant | 41K | — |
| 2026-06-04 | Springstubb Brendan B | Grant | 41K | — |
| 2026-06-04 | Barbarosh Craig A. | Grant | 41K | — |
| 2026-03-03 | Shams Aammaad | Tax withheld | 4.3K | $3.51 |
| 2026-03-03 | Weinberg Jonathan | Tax withheld | 8.3K | $3.51 |
| 2026-03-03 | Blackley Seth | Tax withheld | 24K | $3.51 |
| 2026-03-03 | McCarthy Daniel Joseph | Tax withheld | 24K | $3.51 |
| 2026-03-02 | Shams Aammaad | Grant | 1.7K | — |
| 2026-03-02 | Blackley Seth | Grant | 59K | — |
| 2026-03-02 | Blackley Seth | Tax withheld | 18K | $3.58 |
| 2026-03-02 | Shams Aammaad | Tax withheld | 850 | $3.58 |
| 2026-03-02 | McCarthy Daniel Joseph | Grant | 39K | — |
| 2026-03-02 | McCarthy Daniel Joseph | Tax withheld | 18K | $3.58 |
| 2026-03-02 | Weinberg Jonathan | Grant | 4.9K | — |
| 2026-03-02 | Weinberg Jonathan | Tax withheld | 1.9K | $3.58 |
| 2026-03-01 | McCarthy Daniel Joseph | Tax withheld | 7.8K | $3.25 |
| 2026-03-01 | Shams Aammaad | Tax withheld | 2.6K | $3.25 |
| 2026-03-01 | Blackley Seth | Tax withheld | 9.5K | $3.25 |
| 2026-03-01 | Weinberg Jonathan | Tax withheld | 4.4K | $3.25 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-04 | Shareholder vote | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-02-24 | ResultsExhibits | filing ↗ |
| 2025-12-08 | Other | filing ↗ |
| 2025-12-02 | Exec/director changeReg FD | filing ↗ |
| 2025-11-06 | ResultsExec/director changeExhibits | filing ↗ |
| 2025-09-23 | Reg FDOtherExhibits | filing ↗ |
| 2025-08-21 | Material agreementDebt obligation3.02Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-04 | 2026-06-04 | 0001628908-26-000037 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001628908-26-000031 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001628908-26-000033 ↗ |
| DEF 14A | 2026-04-24 | 2026-06-04 | 0001193125-26-177267 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001628908-26-000015 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0001628908-26-000014 ↗ |
| 8-K | 2025-12-08 | 2025-12-05 | 0001628908-25-000145 ↗ |
| 8-K | 2025-12-02 | 2025-12-01 | 0001628908-25-000141 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001628908-25-000133 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001628908-25-000132 ↗ |
| 8-K | 2025-09-23 | 2025-09-23 | 0001628908-25-000124 ↗ |
| 8-K | 2025-08-21 | 2025-08-18 | 0001193125-25-185388 ↗ |