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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue [1] $ 469,136 $ 319,939 $ 896,826 $ 616,996
Expenses        
Cost of revenue [1] 351,938 249,705 662,413 469,444
Selling, general and administrative expenses [1] 90,389 58,955 180,115 117,887
Depreciation and amortization expenses 32,134 15,112 61,409 30,218
Right-of-use assets impairment 24,065 0 24,065 0
Change in fair value of contingent consideration (7,822) 800 747 6,878
Total operating expenses 490,704 324,572 928,749 624,427
Operating loss (21,568) (4,633) (31,923) (7,431)
Interest income 604 223 1,664 340
Interest expense (14,458) (2,148) (27,353) (4,389)
Gain from equity method investees 155 1,952 578 2,548
Change in tax receivable agreement liability 0 0 (66,184) 0
Other income (expense), net (26) 297 (246) 475
Loss before income taxes (35,293) (4,309) (123,464) (8,457)
Provision for (benefit from) income taxes (970) (184) (69,159) 1,018
Loss from continuing operations (34,323) (4,125) (54,305) (9,475)
Loss from discontinued operations, net of tax [2] 0 (463) 0 (463)
Loss before preferred dividends and accretion of Series A Preferred Stock (34,323) (4,588) (54,305) (9,938)
Dividends and accretion of Series A Preferred Stock (7,088) 0 (13,364) 0
Net loss attributable to common shareholders of Evolent Health, Inc - Basic (41,411) (4,588) (67,669) (9,938)
Net loss attributable to common shareholders of Evolent Health, Inc. - Diluted $ (41,411) $ (4,588) $ (67,669) $ (9,938)
Basic and diluted:        
Continuing operations, basic (in dollars per share) $ (0.37) $ (0.05) $ (0.62) $ (0.11)
Continuing operations, diluted (in dollars per share) (0.37) (0.05) (0.62) (0.11)
Discontinued operations, basic (in dollars per share) 0 0 0 0
Discontinued operations, diluted (in dollars per share) 0 0 0 0
Basic (in dollars per share) (0.37) (0.05) (0.62) (0.11)
Diluted (in dollars per share) $ (0.37) $ (0.05) $ (0.62) $ (0.11)
Weighted-average common shares outstanding        
Basic (in shares) 111,278 90,071 109,540 89,792
Diluted (in shares) 111,278 90,071 109,540 89,792
Comprehensive loss        
Net loss attributable to common shareholders of Evolent Health, Inc. $ (41,411) $ (4,588) $ (67,669) $ (9,938)
Other comprehensive loss, net of taxes, related to:        
Foreign currency translation adjustment 8 (288) 64 (420)
Total comprehensive loss attributable to common shareholders of Evolent Health, Inc. $ (41,403) $ (4,876) $ (67,605) $ (10,358)
[1] See Note 18 for amounts attributable to unconsolidated related parties included in these line items.
[2] Includes $(0.5) million loss on disposal for the three and six months ended June 30, 2022.