other material
confidence high
sentiment positive
materiality 0.60
Evolent Health targets $1.95B revenue, $190M adj. EBITDA for 2023 at Investor Day
Evolent Health, Inc.
- 2023 revenue outlook midpoint $1.95B; adjusted EBITDA midpoint $190M.
- Revenue CAGR of 39% from Q4 2019 to Q1 2023; Q1 2023 revenue $427.7M.
- Cross-sell opportunity of $50B out of $150B specialty TAM; revenue renewal rate ~110% in 2022.
- Performance Suite mature flow-through margins estimated at 12-18%; capital-light model emphasized.
- TTM adjusted EBITDA $132.6M; TTM revenue (ex-divested) $1.35B.