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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
As required by Item 402(v) of Regulation
S-K,
we are providing the following information about the relationship between compensation actually paid (as defined in Item 402(v)) and performance.
 
 Year
  (a)
Summary
Compensation
Table Total
for First
Principal
Executive
Officer
(PEO)
(1),(2)

(b)
Compensation
Actually Paid
to First
PEO
(2),(3)
(c)
Summary
Compensation
Table Total
for Second
Principal
Executive
Officer
(PEO)
(1)
(d)
Compensation
Actually Paid
to Second
PEO
(e)
Average
Summary
Compensation
Table Total
for
Non-PEO

Named
Executive
Officers
(NEOs)
(1),(4)
(f)
Average
Compensation
Actually Paid
to
Non-PEO

Named
Executive
Officers
(4),(5)
(g)
Value of Initial Fixed
$100 Investment Based
On:
Net
Income
(millions)
(7)
(j)
Adjusted
EBITDA
(millions)
(8)
(k)
Total
Shareholder
Return
(h)
Peer Group
Total
Shareholder
Return
(6)
(i)
                   
2024  
$
11,136,185
($
9,303,498
)
 
–
 
–
$
4,068,719
($
1,879,686
)
$
124
$
105
($
93.5
)
$
160.5
                   
2023
$
8,931,188
$
20,107,978
 
–
 
–
$
3,194,539
$
4,423,729
$
365
$
106
($
142.3
)
$
194.7
                   
2022
$
7,725,414
$
11,798,548
 
–
 
–
$
2,510,071
$
2,954,548
$
310
$
100
($
19.2
)
$
106.3
                   
2021
$
6,526,285
$
21,855,154
 
–
 
–
$
1,642,000
$
3,128,760
$
306
$
125
($
37.6
)
$
66.0
                   
2020
$
3,972,700
$
12,282,664
$
3,043,400
$
10,252,573
$
1,033,563
$
1,779,576
$
177
$
130
($
334.2
)
$
41.4
 
(1)
 
The PEO for 2024 was Seth Blackley, and the
non-PEO
NEOs for 2024 were John Johnson, Daniel McCarthy, Emily Rafferty and Jonathan Weinberg. The PEO for 2023 was Seth Blackley, and the
non-PEO
NEOs for 2023 were John Johnson, Daniel McCarthy, Emily Rafferty, Jonathan Weinberg and Steve Tutewohl. The PEO for 2022 was Seth Blackley, and the
non-PEO
NEOs for 2022 were John Johnson, Daniel
McCarthy
, Steve Tutewohl, and Jonathan Weinberg. The PEO for 2021 was Seth Blackley, and the
non-PEO
NEOs for 2021 were John Johnson, Steve Tutewohl, Jonathan Weinberg, and Aammaad Shams. The First PEO for 2020 was Seth Blackley, the second PEO for 2020 was Frank Williams, and the
non-PEO
NEOs for 2020 were John Johnson, Steve Tutewohl, Jonathan Weinberg, and Aammaad Shams.
 
(2)
 
The dollar amounts reported in column (b) are the amounts of total compensation reported for Seth Blackley for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Summary Compensation Table.”
 
(3)
 
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Seth Blackley, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Seth Blackley during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Blackley’s total compensation for each year to determine the compensation actually paid:
 
 Year
Reported
Summary
Compensation
Table Total
for First PEO
Deduct
Reported
Value of
Equity
Awards
Add Equity
Award
Adjustments
(a)
Compensation
Actually Paid
to First PEO
(a)
       
2024
$
11,136,185
($
10,322,385)
 
($
10,117,298
)
($
9,303,498
)
 
 
 
(a)
 
Since the Company does not provide any qualified or
non-qualified
defined benefit pension plans or other post-employment defined benefit plans to our executive officers, no adjustments relating to defined benefit and pension plans (as applicable) were made to total compensation for each year to determine compensation actually paid. The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
 
 
 
  
 
Total Equity Award Adjustments for First PEO
 Year
Deduct Grant
Date Fair
Value of
Equity
Awards
Disclosed in
the Summary
Compensation
Table
Add Year
End Fair
Value of
Equity
Awards
Granted
During
the
Covered
Year
Add
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
Add
Fair
Value
of
Awards
Granted
and
Vesting
in the
Same
Year
Value of
Awards
Granted
in Prior
Years
Vesting
During
the
Covered
Year
Subtract
Fair Value
of Awards
Granted in
Prior
Years that
Fail to
Meet
Applicable
Vesting
Conditions
During the
Covered
Year
Total Equity
Award
Adjustments
for First
PEO
             
2024
($
10,322,385
)
$
1,800,338
($
6,443,147
)
 
–
($
5,474,489
)
 
–
($
10,117,298
)
 
(4)
 
The dollar amounts reported in column (f) represent the average of the amounts reported for the
non-PEO
NEOs as a group in the “Total” column of the Summary Compensation Table in each applicable year.
 
(5)
 
The dollar amounts reported in column (g) represent the average amount of “compensation actually paid” to the
non-PEO
NEOs as a group, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the
non-PEO
NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for the
non-PEO
NEOs as a group for each year to determine the compensation actually paid, using the same methodology described above in Note 3:
 
 Year
Average
Reported
Summary
Compensation
Table Total
for
Non-PEO

NEOs
Deduct
Average
Reported
Value of
Equity
Awards
Add Average
Equity
Award
Adjustments
(a)
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
(a)
       
2024
$
4,068,719
($
3,562,694)
 
($
2,385,711
)
($
1,879,686
)
 
 
 
(a)
 
The following adjustments were made to the average reported value of equity awards disclosed in the summary compensation table for our
non-PEO
NEOs to determine compensation actually paid, using the same methodology described above in Note 3(a):
 
 Year
   
Deduct Grant
Date Fair
Value of
Equity
Awards
Disclosed in
the Summary
Compensation
Table
    
Average Total Equity Award Adjustments for Non-PEO NEOs
  
 
Add Year
End Fair
Value of
Equity
Awards
Granted
During
the
Covered
Year
     
Add
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
    
Add
Value of
Awards
Granted
in Prior
Years
Vesting
During
the
Covered
Year
    
Average
Total Equity
Award
Adjustments
for
Non-PEO

NEOs
  
         
2024
   
 
($3,562,694
) 
  
 
$855,844
 
   
 
($1,674,490
) 
  
 
($1,567,064
) 
  
 
($2,385,711
) 
 
(6)
 
Reflects the Nasdaq Healthcare Index, as disclosed by Evolent for the purposes of Item 201(e) of Regulation
S-K.
 
(7)
 
The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial statements for the applicable year.
 
(8)
 
The Company believes Adjusted EBITDA is the financial performance measure most closely linked to the calculation of compensation actually paid. Adjusted EBITDA is a
non-GAAP
measure. Refer to Appendix A of this proxy for a reconciliation to net loss attributable to common shareholders of the Company.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote
(1)
 
The PEO for 2024 was Seth Blackley, and the
non-PEO
NEOs for 2024 were John Johnson, Daniel McCarthy, Emily Rafferty and Jonathan Weinberg. The PEO for 2023 was Seth Blackley, and the
non-PEO
NEOs for 2023 were John Johnson, Daniel McCarthy, Emily Rafferty, Jonathan Weinberg and Steve Tutewohl. The PEO for 2022 was Seth Blackley, and the
non-PEO
NEOs for 2022 were John Johnson, Daniel
McCarthy
, Steve Tutewohl, and Jonathan Weinberg. The PEO for 2021 was Seth Blackley, and the
non-PEO
NEOs for 2021 were John Johnson, Steve Tutewohl, Jonathan Weinberg, and Aammaad Shams. The First PEO for 2020 was Seth Blackley, the second PEO for 2020 was Frank Williams, and the
non-PEO
NEOs for 2020 were John Johnson, Steve Tutewohl, Jonathan Weinberg, and Aammaad Shams.
       
Peer Group Issuers, Footnote Reflects the Nasdaq Healthcare Index, as disclosed by Evolent for the purposes of Item 201(e) of Regulation
S-K.
        
Adjustment To PEO Compensation, Footnote
(3)
 
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Seth Blackley, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual amount of compensation earned by or paid to Seth Blackley during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to Blackley’s total compensation for each year to determine the compensation actually paid:
 
 Year
Reported
Summary
Compensation
Table Total
for First PEO
Deduct
Reported
Value of
Equity
Awards
Add Equity
Award
Adjustments
(a)
Compensation
Actually Paid
to First PEO
(a)
       
2024
$
11,136,185
($
10,322,385)
 
($
10,117,298
)
($
9,303,498
)
 
 
 
(a)
 
Since the Company does not provide any qualified or
non-qualified
defined benefit pension plans or other post-employment defined benefit plans to our executive officers, no adjustments relating to defined benefit and pension plans (as applicable) were made to total compensation for each year to determine compensation actually paid. The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the
year-end
fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
 
 
 
  
 
Total Equity Award Adjustments for First PEO
 Year
Deduct Grant
Date Fair
Value of
Equity
Awards
Disclosed in
the Summary
Compensation
Table
Add Year
End Fair
Value of
Equity
Awards
Granted
During
the
Covered
Year
Add
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
Add
Fair
Value
of
Awards
Granted
and
Vesting
in the
Same
Year
Value of
Awards
Granted
in Prior
Years
Vesting
During
the
Covered
Year
Subtract
Fair Value
of Awards
Granted in
Prior
Years that
Fail to
Meet
Applicable
Vesting
Conditions
During the
Covered
Year
Total Equity
Award
Adjustments
for First
PEO
             
2024
($
10,322,385
)
$
1,800,338
($
6,443,147
)
 
–
($
5,474,489
)
 
–
($
10,117,298
)
        
Non-PEO NEO Average Total Compensation Amount $ 4,068,719 $ 3,194,539 $ 2,510,071 $ 1,642,000 $ 1,033,563
Non-PEO NEO Average Compensation Actually Paid Amount $ (1,879,686) 4,423,729 2,954,548 3,128,760 1,779,576
Adjustment to Non-PEO NEO Compensation Footnote
(5)
 
The dollar amounts reported in column (g) represent the average amount of “compensation actually paid” to the
non-PEO
NEOs as a group, as computed in accordance with Item 402(v) of Regulation
S-K.
The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the
non-PEO
NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation
S-K,
the following adjustments were made to average total compensation for the
non-PEO
NEOs as a group for each year to determine the compensation actually paid, using the same methodology described above in Note 3:
 
 Year
Average
Reported
Summary
Compensation
Table Total
for
Non-PEO

NEOs
Deduct
Average
Reported
Value of
Equity
Awards
Add Average
Equity
Award
Adjustments
(a)
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
(a)
       
2024
$
4,068,719
($
3,562,694)
 
($
2,385,711
)
($
1,879,686
)
 
 
 
(a)
 
The following adjustments were made to the average reported value of equity awards disclosed in the summary compensation table for our
non-PEO
NEOs to determine compensation actually paid, using the same methodology described above in Note 3(a):
 
 Year
   
Deduct Grant
Date Fair
Value of
Equity
Awards
Disclosed in
the Summary
Compensation
Table
    
Average Total Equity Award Adjustments for Non-PEO NEOs
  
 
Add Year
End Fair
Value of
Equity
Awards
Granted
During
the
Covered
Year
     
Add
Change in
Fair Value
of
Outstanding
and
Unvested
Equity
Awards
    
Add
Value of
Awards
Granted
in Prior
Years
Vesting
During
the
Covered
Year
    
Average
Total Equity
Award
Adjustments
for
Non-PEO

NEOs
  
         
2024
   
 
($3,562,694
) 
  
 
$855,844
 
   
 
($1,674,490
) 
  
 
($1,567,064
) 
  
 
($2,385,711
) 
        
Compensation Actually Paid vs. Total Shareholder Return
Analysis of the Information Presented in the Pay versus Performance Table: CAP vs. TSR
 
 
LOGO 		       
Compensation Actually Paid vs. Net Income
Analysis of the Information Presented in the Pay versus Performance Table: CAP vs. Net Income
 
 
LOGO 		       
Compensation Actually Paid vs. Company Selected Measure
Analysis of the Information Presented in the Pay versus Performance Table: CAP vs. Adjusted EBITDA
 
 
LOGO 		       
Total Shareholder Return Vs Peer Group
Analysis of the Information Presented in the Pay versus Performance Table: CAP vs. TSR
 
 
LOGO 		       
Tabular List, Table
Tabular List of Financial Performance Measures
The most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s PEOs and
non-PEO
NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
 
•
  
Adjusted EBITDA
 
•
  
Revenue Growth
 
•
  
Revenue Bookings Growth
 
•
  
Employee engagement
 
•
  
Total Shareholder Return
 
•
  
Stock Price
       
Total Shareholder Return Amount $ 124 365 310 306 177
Peer Group Total Shareholder Return Amount 105 106 100 125 130
Net Income (Loss) $ (93,500,000) $ (142,300,000) $ (19,200,000) $ (37,600,000) $ (334,200,000)
Company Selected Measure Amount 160,500,000 194,700,000 106,300,000 66,000,000 41,400,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description The Company believes Adjusted EBITDA is the financial performance measure most closely linked to the calculation of compensation actually paid. Adjusted EBITDA is a
non-GAAP
measure. Refer to Appendix A of this proxy for a reconciliation to net loss attributable to common shareholders of the Company. 		       
Measure:: 2          
Pay vs Performance Disclosure          
Name Revenue Growth        
Measure:: 3          
Pay vs Performance Disclosure          
Name Revenue Bookings Growth        
Measure:: 4          
Pay vs Performance Disclosure          
Name Employee engagement        
Measure:: 5          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
Measure:: 6          
Pay vs Performance Disclosure          
Name Stock Price        
Seth Blackley [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 11,136,185 $ 8,931,188 $ 7,725,414 $ 6,526,285 $ 3,972,700
PEO Actually Paid Compensation Amount $ (9,303,498) $ 20,107,978 $ 11,798,548 $ 21,855,154 $ 12,282,664
PEO Name Seth Blackley Seth Blackley Seth Blackley Seth Blackley Seth Blackley
Frank Williams [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount         $ 3,043,400
PEO Actually Paid Compensation Amount         $ 10,252,573
PEO Name         Frank Williams
PEO | Seth Blackley [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (10,322,385)        
PEO | Seth Blackley [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (10,117,298)        
PEO | Seth Blackley [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,800,338        
PEO | Seth Blackley [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,443,147)        
PEO | Seth Blackley [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,474,489)        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,562,694)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,385,711)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 855,844        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,674,490)        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,567,064)