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Loss Per Common Share (Tables)
3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share available for common stockholders (in thousands, except per share data):
For the Three Months Ended March 31,
20252024
Loss before preferred dividends and accretion of Series A Preferred Stock$(64,618)$(17,280)
Dividends and accretion of Series A Preferred Stock(7,632)(7,945)
Net loss attributable to common shareholders of Evolent Health, Inc.$(72,250)$(25,225)
Weighted-average common shares outstanding - basic and diluted115,315 114,141 
Loss per common share
Basic and diluted$(0.63)$(0.22)
Schedule of Antidilutive Securities Excluded From Computation of Earnings Per Share
Anti-dilutive shares excluded from the calculation of weighted-average common shares presented above are presented below (in thousands):
For the Three Months Ended March 31,
20252024
Restricted stock units (“RSUs”), performance-based RSUs (“PSUs”) and leveraged stock units (“LSUs”)963 1,222 
Stock options— 410 
Series A Preferred Stock4,375 4,375 
Convertible senior notes15,752 20,252 
Total21,090 26,259