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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, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue [1] $ 647,145 $ 469,136 $ 1,286,798 $ 896,826
Expenses        
Cost of revenue [1] 540,302 351,938 1,075,849 662,413
Selling, general and administrative expenses [1] 69,185 90,389 148,289 180,115
Depreciation and amortization expenses 29,870 32,134 59,373 61,409
Right-of-use assets impairment 0 24,065 0 24,065
Change in fair value of contingent consideration 0 (7,822) 8,908 747
Total operating expenses 639,357 490,704 1,292,419 928,749
Operating income (loss) 7,788 (21,568) (5,621) (31,923)
Interest income 1,370 604 3,920 1,664
Interest expense (5,995) (14,458) (11,992) (27,353)
Gain (loss) from equity method investees (1,700) 155 (1,394) 578
Change in tax receivables agreement liability 0 0 (173) (66,184)
Other income (expense), net (105) (26) (97) (246)
Income (loss) before income taxes 1,358 (35,293) (15,357) (123,464)
Provision for (benefit from) income taxes (238) (970) 327 (69,159)
Income (loss) before preferred dividends and accretion of Series A Preferred Stock 1,596 (34,323) (15,684) (54,305)
Dividends and accretion of Series A Preferred Stock (7,979) (7,088) (15,924) (13,364)
Net loss attributable to common shareholders of Evolent Health, Inc. - Basic (6,383) (41,411) (31,608) (67,669)
Net loss attributable to common shareholders of Evolent Health, Inc. - Diluted $ (6,383) $ (41,411) $ (31,608) $ (67,669)
Basic and diluted        
Basic (in dollars per share) $ (0.06) $ (0.37) $ (0.28) $ (0.62)
Diluted (in dollars per share) $ (0.06) $ (0.37) $ (0.28) $ (0.62)
Weighted-average common shares outstanding        
Basic (in shares) 114,688 111,278 114,415 109,540
Diluted (in shares) 114,688 111,278 114,415 109,540
Comprehensive loss        
Net loss attributable to common shareholders of Evolent Health, Inc. $ (6,383) $ (41,411) $ (31,608) $ (67,669)
Other comprehensive loss, net of taxes, related to:        
Foreign currency translation adjustment (47) 8 (98) 64
Total comprehensive loss attributable to common shareholders of Evolent Health, Inc. $ (6,430) $ (41,403) $ (31,706) $ (67,605)
[1] See Note 18 for amounts attributable to unconsolidated related parties included in these line items.