SEC filings · customer concentration · EVH

Evolent Health's major customers

Molina Healthcare accounted for 26% of Evolent Health's revenue in FY 2025, up from 14% a year earlier.

4major customers now
69%of revenue from them
0listed suppliers depending on it
2017–2026years covered
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When a new annual report adds a 10% customer, drops one, or moves a share by 5 points or more, you get the change and the filing link. Up to 10 companies per address, no account, unsubscribe with one click.

Major customers of Evolent Health

Customers that Evolent Health named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Molina HealthcareMOH26%▲ from 14%FY 2020: 10%FY 2023: 14%FY 2024: 14%FY 2025: 26%4 yearsFY 2025 · filed 25 Feb 2026
Cook County Health And Hospitals System16%from 12%FY 2019: 12%FY 2020: 22%FY 2021: 28%FY 2022: 22%FY 2023: 16%FY 2024: 12%FY 2025: 16%7 yearsFY 2025 · filed 25 Feb 2026
Florida Blue14%from 13%FY 2023: 10%FY 2024: 13%FY 2025: 14%3 yearsFY 2025 · filed 25 Feb 2026
CenteneCNC12%newFY 2025: 12%1 yearFY 2025 · filed 25 Feb 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
HumanaHUM19%last FY 2024FY 2023: 12%FY 2024: 19%2 yearsFY 2024 · filed 25 Feb 2026
University Health Caredba Passport Health Plan19%last FY 2020FY 2017: 21%FY 2018: 18%FY 2019: 23%FY 2020: 19%4 yearsFY 2020 · filed 24 Feb 2023
New Mexico Health Connections13%last FY 2019FY 2019: 13%1 yearFY 2019 · filed 24 Feb 2022
Florida Blue Medicare13%last FY 2024FY 2021: 14%FY 2022: 12%FY 2023: 10%FY 2024: 13%4 yearsFY 2024 · filed 21 Feb 2025

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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