---
schema_version: "secwatch.filing_event.v1"
accession: "0001628908-23-000149"
form_type: "8-K/A"
ticker: "EVH"
cik: "0001628908"
company_name: "Evolent Health, Inc."
filed_at: "2023-10-16T23:59:59+00:00"
generated_at: "2026-06-09T23:23:41.090240+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Evolent restates Magellan Specialty Health financials for revenue recognition error

## Summary
- Restatement corrects ASC 606 accounting: net accounting applied to risk-based contracts instead of gross (previously overstated revenue).
- Managed care and other revenue adjusted: down $339M for nine months ended Sep 2021 (to $162.7M) and $106M for Sep 2022 (to $194.4M); net income unchanged.
- Balance sheet: accounts receivable reduced by $79.7M (Dec 2021) and $33.6M (Sep 2022); medical claims payable and other medical liabilities eliminated.
- Depreciation and amortization reclassified: $1.1M (2021) and $1.5M (2022) moved from D&A to direct service costs.
- Restatement has no impact on income before income taxes or net income for any period.

## SEC filing metadata
- accession: 0001628908-23-000149
- form_type: 8-K/A
- ticker: EVH
- cik: 0001628908
- company_name: Evolent Health, Inc.
- filed_at: 2023-10-16T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628908/000162890823000149/0001628908-23-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628908/000162890823000149/evh-20230119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628908-23-000149
- JSON: https://secwatch.observer/filing/0001628908-23-000149.json
- Plain text: https://secwatch.observer/filing/0001628908-23-000149.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.