For quarter ending Jun 30, 2022
Total revenues increased 10% to $318.9 million for the second quarter of 2022 from $288.7 million for the second quarter of 2021.
Adjusted revenues* for the second quarter of 2022 increased 10% to $318.9 million from $288.8 million for the prior year period.
Adjusted EBITDA* for the second quarter of 2022 decreased 20% to $57.1 million from $71.1 million for the prior year period.
Adjusted net income per diluted share for the second quarter of 2022 decreased 27% to $0.49 from $0.67 in the second quarter of 2021.
Envestnet, Inc. is transforming the way financial advice and wellness are delivered. Our mission is to empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone. Over 103,000 advisors and more than 4,900 companies including 16 of the 20 largest U.S. banks, 46 of the 50 largest wealth management and brokerage firms, over 500 of the largest RIAs and hundreds of FinTech companies, leverage the Envestnet platform to grow their business and client relationships.
Source: 10-Q for the quarter ended Jun 30, 2022