EVH · CIK 0001628908 · FY2025 live · 2025-12-31
Evolent Health, Inc.
View as
Model
Z″
FY2025
−3.00
Zone
Distress
Prior
—
Market DD
—
1y PD
—
−3.00
Classic Z −0.45
Z″ −3.00 · distress below 1.10, grey to 2.60, safe above.
Z″ factor contributions
X1 Working capital / assets
Short-term liquidity. Carries more weight in Z″ than in classic Z.
0.066.56 × = 0.42X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
−0.693.26 × = −2.26X3 EBIT / assets
Operating return on assets. Highest weight in Z″.
−0.226.72 × = −1.45X4 Book equity / liabilities
Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.
0.281.05 × = 0.29
Five-year path
Need two annual 10-Ks to draw a path. The desk will pull this issuer’s filings rather than invent a series.
Overview
rule-v1
Evolent Health, Inc. is on Z″ at −3.00 (distress) for FY2025, from an SEC 10-K. Retained earnings / assets is the line that sets the print; EBIT / assets is the runner-up. This is the first live year on the desk. No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.
Book screen Distress; market PD —. Tape not priced — not a single default call.
Market DD · naive Merton
No market tape yet.
Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.
Sector peers
Closest Z″ scores · 14th percentile in Industrials.
- SHIMDistressShimmick Corp−2.98
- QNMEDistressQuanome Technologies, Inc.−2.98
- JETMFDistressGlobal Crossing Airlines Group Inc.−2.97
- PPHCDistressPublic Policy Holding Company, Inc.−2.95
- JTAIDistressJet.AI Inc.−2.89
- HGBLDistressHeritage Global Inc.−3.22
- MAXDistressMediaAlpha, Inc.−3.22
- TOPSDistressTOP SHIPS INC.−2.69
KPI widgets
Current assets
$506M
Total assets
$1.9B
Current liabilities
$385M
Total liabilities
$1.5B
Working capital
$121M
Retained earnings
−$1.3B
EBIT
−$410M
Total sales
$1.9B
Book equity
$415M
Accession 0001628908-26-000015. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.