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CONSOLIDATED STATEMENTS OF CHANGES IN MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Performance-Based Restricted Stock Units (PSUs)
Leveraged Stock Units (LSUs)
Cumulative-effect adjustment from adoption of ASC 2020-06
Class A Common Stock
Class A Common Stock
Performance-Based Restricted Stock Units (PSUs)
Class A Common Stock
Leveraged Stock Units (LSUs)
Additional Paid-In Capital
Additional Paid-In Capital
Performance-Based Restricted Stock Units (PSUs)
Additional Paid-In Capital
Leveraged Stock Units (LSUs)
Additional Paid-In Capital
Cumulative-effect adjustment from adoption of ASC 2020-06
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative-effect adjustment from adoption of ASC 2020-06
Treasury Stock
Beginning balance (in shares) at Dec. 31, 2021         90,759,000                    
Beginning balance at Dec. 31, 2021 $ 693,633     $ (66,383) $ 908     $ 1,340,989     $ (106,172) $ (362) $ (626,779) $ 39,789 $ (21,123)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Stock-based compensation expense 12,358             12,358              
Exercise of stock options (in shares)         37,000                    
Exercise of stock options 309             309              
Restricted stock units vested, net of shares withheld for taxes (in shares)         403,000                    
Restricted stock units vested, net of shares withheld for taxes (5,239)       $ 4     (5,243)              
Stock units vested, net of shares withheld for taxes (in shares)         458,000                    
Stock units vested, net of shares withheld for taxes (11,232)       $ 4     (11,236)              
Foreign currency translation adjustment (420)                     (420)      
Net loss attributable to common shareholders of Evolent Health, Inc. (9,938)                       (9,938)    
Ending balance (in shares) at Jun. 30, 2022         91,657,000                    
Ending balance at Jun. 30, 2022 613,088       $ 916     1,231,005       (782) (596,928)   (21,123)
Beginning balance (in shares) at Mar. 31, 2022         91,588,000                    
Beginning balance at Mar. 31, 2022 611,209       $ 916     1,224,250       (494) (592,340)   (21,123)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Stock-based compensation expense 7,011             7,011              
Restricted stock units vested, net of shares withheld for taxes (in shares)         69,000                    
Restricted stock units vested, net of shares withheld for taxes (256)             (256)              
Foreign currency translation adjustment (288)                     (288)      
Net loss attributable to common shareholders of Evolent Health, Inc. (4,588)                       (4,588)    
Ending balance (in shares) at Jun. 30, 2022         91,657,000                    
Ending balance at Jun. 30, 2022 $ 613,088       $ 916     1,231,005       (782) (596,928)   (21,123)
Beginning balance (in shares) at Dec. 31, 2022 0                            
Beginning balance at Dec. 31, 2022 $ 0                            
Increase (Decrease) in Temporary Equity [Roll Forward]                              
Issuance of series A preferred stock, net of issuance costs (in shares) 175,000                            
Issuance of series A preferred stock, net of issuance costs $ 168,000                            
Net loss attributable to common shareholders of Evolent Health, Inc. $ 4,829                            
Ending balance (in shares) at Jun. 30, 2023 175,000                            
Ending balance at Jun. 30, 2023 $ 172,829                            
Beginning balance (in shares) at Dec. 31, 2022         101,501,000                    
Beginning balance at Dec. 31, 2022 859,417       $ 1,015     1,486,857       (1,178) (606,154)   (21,123)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Stock-based compensation expense 19,676             19,676              
Exercise of stock options (in shares)         776,000                    
Exercise of stock options 4,654       $ 8     4,646              
Restricted stock units vested, net of shares withheld for taxes (in shares)         492,000                    
Restricted stock units vested, net of shares withheld for taxes (8,770)       $ 4     (8,774)              
Stock units vested, net of shares withheld for taxes (in shares)           202,000 760,000                
Stock units vested, net of shares withheld for taxes   $ (3,975) $ 0     $ 2 $ 8   $ (3,977) $ (8)          
Shares issued for acquisition (in shares)         8,475,000                    
Shares issued for acquisition 261,271       $ 85     261,186              
Class A common stock issued for payment of earn-outs (in shares)         877,000                    
Class A common stock issued for payment of earn-outs 28,551       $ 9     28,542              
Foreign currency translation adjustment 64                     64      
Net loss attributable to common shareholders of Evolent Health, Inc. (67,669)             (13,364)         (54,305)    
Ending balance (in shares) at Jun. 30, 2023         113,083,000                    
Ending balance at Jun. 30, 2023 $ 1,093,219       $ 1,131     1,774,784       (1,114) (660,459)   (21,123)
Beginning balance (in shares) at Mar. 31, 2023 175,000                            
Beginning balance at Mar. 31, 2023 $ 170,625                            
Increase (Decrease) in Temporary Equity [Roll Forward]                              
Net loss attributable to common shareholders of Evolent Health, Inc. $ 2,204                            
Ending balance (in shares) at Jun. 30, 2023 175,000                            
Ending balance at Jun. 30, 2023 $ 172,829                            
Beginning balance (in shares) at Mar. 31, 2023         112,552,000                    
Beginning balance at Mar. 31, 2023 1,121,743       $ 1,125     1,768,999       (1,122) (626,136)   (21,123)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Stock-based compensation expense 8,966             8,966              
Exercise of stock options (in shares)         446,000                    
Exercise of stock options 3,073       $ 5     3,068              
Restricted stock units vested, net of shares withheld for taxes (in shares)         58,000                    
Restricted stock units vested, net of shares withheld for taxes (138)             (138)              
Class A common stock issued for payment of earn-outs (in shares)         27,000                    
Class A common stock issued for payment of earn-outs 978       $ 1     977              
Foreign currency translation adjustment 8                     8      
Net loss attributable to common shareholders of Evolent Health, Inc. (41,411)             (7,088)         (34,323)    
Ending balance (in shares) at Jun. 30, 2023         113,083,000                    
Ending balance at Jun. 30, 2023 $ 1,093,219       $ 1,131     $ 1,774,784       $ (1,114) $ (660,459)   $ (21,123)