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Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table represents Evolent’s revenue disaggregated by end-market and product type (in thousands):

									For the Three Months Ended March 31,
															2024						2023
Medicaid															$	215,124					$	183,034
Medicare															286,960						127,669
Commercial and other															137,569						116,987
Total															$	639,653					$	427,690
Performance Suite															$	448,218					$	239,873
Specialty Technology and Services Suite															89,003						65,316
Administrative Services															58,569						83,067
Cases															43,863						39,434
Total															$	639,653					$	427,690

Schedule of Contract with Customer, Asset and Liability

The following table provides information about receivables, contract assets and deferred revenue from contracts with customers as of March 31, 2024 and December 31, 2023 (in thousands):

			March 31, 2024						December 31, 2023
Short-term receivables (1)			$	426,561					$	446,220
Short-term deferred revenue			6,136						5,976
Long-term deferred revenue			879						1,173

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(1)Excludes pharmacy rebate receivable and pharmacy claims receivable.

Changes in deferred revenue for the three months ended March 31, 2024 are as follows (in thousands):

Deferred revenue
Balance as of beginning-of-period			$	7,149
Reclassification to revenue, as a result of performance obligations satisfied			(3,277)
Cash received in advance of satisfaction of performance obligations			3,143
Balance as of end of period			$	7,015

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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