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Compared to Estimates, Evolent Health (EVH) Q3 Earnings: A Look at Key Metrics

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Evolent Health (EVH - Free Report) reported $479.53 million in revenue for the quarter ended September 2025, representing a year-over-year decline of 22.8%. EPS of $0.05 for the same period compares to $0.04 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $466.43 million, representing a surprise of +2.81%. The company delivered an EPS surprise of -50%, with the consensus EPS estimate being $0.10.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Evolent Health performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average PMPM Fees / Revenue per Case - Performance Suite: $14.77 versus $14.26 estimated by three analysts on average.
  • Average PMPM Fees / Revenue per Case - Specialty Technology and Services Suite: $0.40 versus the three-analyst average estimate of $0.36.
  • Average PMPM Fees / Revenue per Case - Administrative Services: $15.77 versus $15.20 estimated by three analysts on average.
  • Average Lives on Platform / Cases - Cases: 13 thousand versus the three-analyst average estimate of 14.14 thousand.
  • Average Lives on Platform / Cases - Performance Suite: 6.47 million compared to the 6.59 million average estimate based on three analysts.
  • Average Lives on Platform / Cases - Specialty Technology and Services Suite: 78.05 million versus the three-analyst average estimate of 78.99 million.
  • Average Lives on Platform / Cases - Administrative Services: 1.22 million versus the three-analyst average estimate of 1.23 million.
  • Average PMPM Fees / Revenue per Case - Cases: $3,236.00 versus $3,044.38 estimated by three analysts on average.

View all Key Company Metrics for Evolent Health here>>>

Shares of Evolent Health have returned -21.1% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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