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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 19,350             19,350              
Exercise of stock options (in shares)         354,000                    
Exercise of stock options 3,280       $ 3     3,277              
Restricted stock units vested, net of shares withheld for taxes (in shares)         452,000                    
Restricted stock units vested, net of shares withheld for taxes (6,187)       $ 5     (6,192)              
Stock units vested, net of shares withheld for taxes (in shares)         459,000                    
Stock units vested, net of shares withheld for taxes (11,232)       $ 5     (11,237)              
Exchange and conversion of 2024 notes (in shares)         5,394,000                    
Exchange and conversion of 2024 notes 101,999       $ 54     101,945              
Shares issued for acquisition (in shares)         3,742,000                    
Shares issued for acquisition 130,175       $ 37     130,138              
Foreign currency translation adjustment (682)                     (682)      
Net loss attributable to common shareholders of Evolent Health, Inc. (7,815)                       (7,815)    
Ending balance (in shares) at Sep. 30, 2022         101,160,000                    
Ending balance at Sep. 30, 2022 856,138       $ 1,012     1,472,098       (1,044) (594,805)   (21,123)
Beginning balance (in shares) at Jun. 30, 2022         91,657,000                    
Beginning balance at Jun. 30, 2022 613,088       $ 916     1,231,005       (782) (596,928)   (21,123)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Stock-based compensation expense 6,992             6,992              
Exercise of stock options (in shares)         317,000                    
Exercise of stock options 2,971       $ 4     2,967              
Restricted stock units vested, net of shares withheld for taxes (in shares)         50,000                    
Restricted stock units vested, net of shares withheld for taxes (948)       $ 1     (949)              
Exchange and conversion of 2024 notes (in shares)         5,394,000                    
Exchange and conversion of 2024 notes 101,999       $ 54     101,945              
Shares issued for acquisition (in shares)         3,742,000                    
Shares issued for acquisition 130,175       $ 37     130,138              
Foreign currency translation adjustment (262)                     (262)      
Net loss attributable to common shareholders of Evolent Health, Inc. 2,123                       2,123    
Ending balance (in shares) at Sep. 30, 2022         101,160,000                    
Ending balance at Sep. 30, 2022 $ 856,138       $ 1,012     1,472,098       (1,044) (594,805)   (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. $ 7,606                            
Ending balance (in shares) at Sep. 30, 2023 175,000                            
Ending balance at Sep. 30, 2023 $ 175,606                            
Beginning balance (in shares) at Dec. 31, 2022 101,500,558       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 29,898             29,898              
Exercise of stock options (in shares)         1,106,000                    
Exercise of stock options 9,183       $ 11     9,172              
Restricted stock units vested, net of shares withheld for taxes (in shares)         575,000                    
Restricted stock units vested, net of shares withheld for taxes (10,373)       $ 5     (10,378)              
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)          
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              
Exchange and conversion of 2024 notes (in shares)         1,294,000                    
Exchange and conversion of 2024 notes 23,073       $ 13     23,060              
Shares issued for acquisition (in shares)         8,475,000                    
Shares issued for acquisition 261,271       $ 85     261,186              
Foreign currency translation adjustment (87)                     (87)      
Net loss attributable to common shareholders of Evolent Health, Inc. $ (100,865)             (21,236)         (79,629)    
Ending balance (in shares) at Sep. 30, 2023 114,789,963       114,790,000                    
Ending balance at Sep. 30, 2023 $ 1,096,093       $ 1,148     1,803,116       (1,265) (685,783)   (21,123)
Beginning balance (in shares) at Jun. 30, 2023 175,000                            
Beginning balance at Jun. 30, 2023 $ 172,829                            
Increase (Decrease) in Temporary Equity [Roll Forward]                              
Net loss attributable to common shareholders of Evolent Health, Inc. $ 2,777                            
Ending balance (in shares) at Sep. 30, 2023 175,000                            
Ending balance at Sep. 30, 2023 $ 175,606                            
Beginning balance (in shares) at Jun. 30, 2023         113,083,000                    
Beginning balance at Jun. 30, 2023 1,093,219       $ 1,131     1,774,784       (1,114) (660,459)   (21,123)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Stock-based compensation expense 10,222             10,222              
Exercise of stock options (in shares)         330,000                    
Exercise of stock options 4,529       $ 3     4,526              
Restricted stock units vested, net of shares withheld for taxes (in shares)         83,000                    
Restricted stock units vested, net of shares withheld for taxes (1,603)       $ 1     (1,604)              
Exchange and conversion of 2024 notes (in shares)         1,294,000                    
Exchange and conversion of 2024 notes 23,073       $ 13     23,060              
Foreign currency translation adjustment (151)                            
Net loss attributable to common shareholders of Evolent Health, Inc. $ (33,196)             (7,872)         (25,324)    
Ending balance (in shares) at Sep. 30, 2023 114,789,963       114,790,000                    
Ending balance at Sep. 30, 2023 $ 1,096,093       $ 1,148     $ 1,803,116       $ (1,265) $ (685,783)   $ (21,123)