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Related Parties
 9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Related Parties Related Parties
The entities described below are considered related parties and the balances and/or transactions with them are reported in our consolidated financial statements.

The Company had an economic relationship through the ordinary course of business with an entity whose President and Chief Executive Officer was a member of our Board until his retirement from the Board in February 2024. This relationship accounted for the majority of our related party revenue and cost of revenue for the three and nine months ended September 30, 2024 and September 30, 2023, respectively.

As discussed in Note 16, the Company had economic interests in several entities that are accounted for under the equity method of accounting. The Company has allocated its proportional share of the investees’ earnings and losses each reporting period. In addition, Evolent has entered into services agreements with certain of the entities to provide certain management, operational and support services to help the entities manage elements of their service offerings.

The following table presents assets and liabilities attributable to our related parties (in thousands):
September 30, 2024December 31, 2023
Assets
Accounts receivable, net$3,909 $8,045 
Liabilities
Accounts payable$556 $390 

The following table presents revenues and expenses attributable to our related parties (in thousands):
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2024202320242023
Revenue$3,053 $49,695 $36,858 $143,902 
Expenses
Cost of revenue2,143 42,300 30,907 121,882 
Selling, general and administrative expenses— 699 — 1,938