| Schedule of disaggregation of revenue by major source |
The following table presents the Company’s revenues disaggregated by major source:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
2019 |
|
2018 |
|
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
Asset-based |
|
$ |
126,591 |
|
|
$ |
— |
|
|
$ |
126,591 |
|
|
$ |
119,097 |
|
|
$ |
— |
|
|
$ |
119,097 |
|
Subscription-based |
|
57,353 |
|
|
43,230 |
|
|
100,583 |
|
|
36,228 |
|
|
39,966 |
|
|
76,194 |
|
Total recurring revenues |
|
183,944 |
|
|
43,230 |
|
|
227,174 |
|
|
155,325 |
|
|
39,966 |
|
|
195,291 |
|
Professional services and other revenues |
|
4,280 |
|
|
4,626 |
|
|
8,906 |
|
|
2,142 |
|
|
5,723 |
|
|
7,865 |
|
Total revenues |
|
$ |
188,224 |
|
|
$ |
47,856 |
|
|
$ |
236,080 |
|
|
$ |
157,467 |
|
|
$ |
45,689 |
|
|
$ |
203,156 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
2019 |
|
2018 |
|
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
|
Envestnet Wealth Solutions |
|
Envestnet Data & Analytics |
|
Consolidated |
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
Asset-based |
|
$ |
355,595 |
|
|
$ |
— |
|
|
$ |
355,595 |
|
|
$ |
358,361 |
|
|
$ |
— |
|
|
$ |
358,361 |
|
Subscription-based |
|
148,457 |
|
|
127,471 |
|
|
275,928 |
|
|
101,836 |
|
|
115,832 |
|
|
217,668 |
|
Total recurring revenues |
|
504,052 |
|
|
127,471 |
|
|
631,523 |
|
|
460,197 |
|
|
115,832 |
|
|
576,029 |
|
Professional services and other revenues |
|
13,767 |
|
|
14,901 |
|
|
28,668 |
|
|
10,186 |
|
|
16,068 |
|
|
26,254 |
|
Total revenues |
|
$ |
517,819 |
|
|
$ |
142,372 |
|
|
$ |
660,191 |
|
|
$ |
470,383 |
|
|
$ |
131,900 |
|
|
$ |
602,283 |
|
|
| 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 |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
|
|
2019 |
|
2018 |
|
2019 |
|
2018 |
United States |
|
$ |
228,427 |
|
|
$ |
195,063 |
|
|
$ |
638,008 |
|
|
$ |
576,616 |
|
International (1)
|
|
7,653 |
|
|
8,093 |
|
|
22,183 |
|
|
25,667 |
|
Total |
|
$ |
236,080 |
|
|
$ |
203,156 |
|
|
$ |
660,191 |
|
|
$ |
602,283 |
|
(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 September 30, 2019:
|
|
|
|
|
|
Years ending December 31, |
|
|
|
Remainder of 2019 |
|
$ |
62,669 |
|
2020 |
|
182,307 |
|
2021 |
|
115,379 |
|
2022 |
|
76,483 |
|
2023 |
|
37,144 |
|
Thereafter |
|
46,268 |
|
Total |
|
$ |
520,250 |
|
|