Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.19.2
Revenue (Tables)
6 Months Ended
Jun. 30, 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 June 30,
 
 
2019
 
2018
 
 
Envestnet Wealth Solutions
 
Envestnet Data & Analytics
 
Consolidated
 
Envestnet Wealth Solutions
 
Envestnet Data & Analytics
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Asset-based
 
$
120,070

 
$

 
$
120,070

 
$
118,111

 
$

 
$
118,111

Subscription-based
 
50,078

 
42,180

 
92,258

 
33,023

 
38,756

 
71,779

Total recurring revenues
 
170,148

 
42,180

 
212,328

 
151,134

 
38,756

 
189,890

Professional services and other revenues
 
6,742

 
5,375

 
12,117

 
5,794

 
5,432

 
11,226

Total revenues
 
$
176,890

 
$
47,555

 
$
224,445

 
$
156,928

 
$
44,188

 
$
201,116

 
 
 
Six Months Ended June 30,
 
 
2019
 
2018
 
 
Envestnet Wealth Solutions
 
Envestnet Data & Analytics
 
Consolidated
 
Envestnet Wealth Solutions
 
Envestnet Data & Analytics
 
Consolidated
Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
Asset-based
 
$
229,004

 
$

 
$
229,004

 
$
239,264

 
$

 
$
239,264

Subscription-based
 
91,104

 
84,241

 
175,345

 
65,608

 
75,866

 
141,474

Total recurring revenues
 
320,108

 
84,241

 
404,349

 
304,872

 
75,866

 
380,738

Professional services and other revenues
 
9,487

 
10,275

 
19,762

 
8,044

 
10,345

 
18,389

Total revenues
 
$
329,595

 
$
94,516

 
$
424,111

 
$
312,916

 
$
86,211

 
$
399,127


Summary of revenues from major customers
One customer accounted for more than 10% of the Company’s total revenues:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2019
 
2018
 
2019
 
2018
Fidelity
 
15
%
 
16
%
 
15
%
 
16
%

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
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2019
 
2018
 
2019
 
2018
United States
 
$
217,462

 
$
193,237

 
$
409,581

 
$
381,552

International (1)
 
6,983

 
7,879

 
14,530

 
17,575

Total
 
$
224,445

 
$
201,116

 
$
424,111

 
$
399,127

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

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 June 30, 2019:
 
Years ending December 31,
 
 

Remainder of 2019
 
$
122,303

2020
 
171,252

2021
 
106,389

2022
 
70,046

2023
 
32,354

Thereafter
 
41,237

Total
 
$
543,581