Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.19.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of disaggregation of revenue by major source
The following table presents the Company’s revenues disaggregated by major source:
 
 
 
 
Three Months Ended March 31,
 
 
2019
 
2018
 
 
Envestnet Wealth
 
Envestnet Data & Analytics
 
Consolidated
 
Envestnet Wealth
 
Envestnet Data & Analytics
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Asset-based
 
$
108,934

 
$

 
$
108,934

 
$
121,153

 
$

 
$
121,153

Subscription-based
 
41,026

 
42,061

 
83,087

 
32,585

 
37,110

 
69,695

Total recurring revenues
 
149,960

 
42,061

 
192,021

 
153,738

 
37,110

 
190,848

Professional services and other revenues
 
2,745

 
4,900

 
7,645

 
2,250

 
4,913

 
7,163

Total revenues
 
$
152,705

 
$
46,961

 
$
199,666

 
$
155,988

 
$
42,023

 
$
198,011

Schedule of disaggregation of revenue by geography
The following table presents the Company’s revenues disaggregated by geography, based on the billing address of the customer:
 
 
Three Months Ended
 
 
March 31,
 
 
2019
 
2018
United States
 
$
192,119

 
$
188,315

International (1)
 
7,547

 
9,696

Total
 
$
199,666

 
$
198,011

(1)
No foreign country accounted for more than 10% of total revenues.

Summary of revenues from major customers
One customer accounted for more than 10% of the Company’s total revenues:
 
 
Three Months Ended
 
 
March 31,
 
 
2019
 
2018
Fidelity
 
16
%
 
16
%
Fidelity revenue as a percentage of Envestnet Wealth segment revenues:
 
20
%
 
20
%
Schedule of estimated revenue expected to be recognized in the future
The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 31, 2019:
 
Years ending December 31,
 
 

Remainder of 2019
 
$
159,916

2020
 
138,921

2021
 
83,286

2022
 
55,311

2023
 
24,807

Thereafter
 
36,640

Total
 
$
498,881