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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 121,967 $ 91,378
Fees receivable, net 129,252 120,958
Prepaid expenses and other current assets 57,899 51,472
Total current assets 309,118 263,808
Property and equipment, net 45,641 48,223
Internally developed software, net 205,090 224,713
Intangible assets, net 311,868 338,068
Goodwill 690,885 806,563
Operating lease right-of-use assets, net 65,257 69,154
Investments in unconsolidated entities 96,755 56,292
Other assets 70,358 70,431
Total assets 1,794,972 1,877,252
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 225,508 241,424
Operating lease liabilities 12,149 12,909
Deferred revenue 34,567 38,201
Current portion of debt 0 314,532
Total current liabilities 272,224 607,066
Debt, net of current portion 879,079 562,080
Operating lease liabilities, net of current portion 95,294 100,830
Deferred tax liabilities, net 15,208 16,568
Other liabilities 16,820 16,202
Total liabilities 1,278,625 1,302,746
Commitments and contingencies
Stockholders' equity    
Preferred stock, par value $0.005, 50,000,000 shares authorized; no shares issued and outstanding as of June 30, 2024 and December 31, 2023 0 0
Common stock, par value $0.005, 500,000,000 shares authorized; 71,810,625 and 71,129,801 shares issued as of June 30, 2024 and December 31, 2023, respectively; 55,221,888 and 54,773,662 shares outstanding as of June 30, 2024 and December 31, 2023, respectively 358 355
Treasury stock at cost, 16,588,737 and 16,356,139 shares as of June 30, 2024 and December 31, 2023, respectively (284,728) (272,573)
Additional paid-in capital 1,243,483 1,206,627
Accumulated deficit (434,339) (357,651)
Accumulated other comprehensive loss (8,427) (8,567)
Total stockholders’ equity attributable to Envestnet, Inc. 516,347 568,191
Non-controlling interest 0 6,315
Total equity 516,347 574,506
Total liabilities and equity $ 1,794,972 $ 1,877,252

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